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Following your teacher’s guidelines is an example of which ethical principle?
rule of law
Behaving ethically means doing
the right thing
Seeing a movie at a theater would be considered a(n) __________ want.
economic
Why are unions a powerful force in business?
They organize workers into a single bargaining unit and increase their bargaining power.
A characteristic of human wants is that they are
unlimited
Which of the following questions do ethical people ask when they’re concerned with viability:
“What’s the impact of my actions in the long term?”
Ethical issues deal with __________ choices.
right and wrong
Friendship would be considered a(n) __________ want.
noneconomic
The United Association of Plumbers and Pipefitters is an example of a(n)
craft/trade union.
An example of a noneconomic want would be the desire for
a friend
Vivian told her parents she was going to the library to study when she was actually going to the movies with friends. Her parents found out, and now they don’t believe Vivian when she tells them where she’s going. Because of her behavior, Vivian is facing a(n)
consequence
Whitley’s ethical beliefs are the same whether she’s at work, at school, or hanging out with her friends. Whitley follows
ethical principles.
Water and air are examples of __________ resources, while people are considered to be __________ resources.
natural; human
A union worker who is just beginning in the occupation is referred to as a(n)
apprentice.
Economic “votes” are cast by consumers each time they
make a purchase
When Layla is caught stealing from a department store, the court orders her to do community service. Which consequence of unethical behavior is Layla facing?
legal problems
If one of your coworkers is treating another coworker unfairly, what is the ethical thing to do?
speak up
In economics, capital goods include
building and equipment
Actors and athletes belong to what type of union?
Professional unions
Each day, a restaurant sends its used linens to a laundry service to be cleaned and pressed. In economic terms, the laundry service would be classified as a(n) __________ service.
Integrity means acting with
Honesty
Ava doesn’t agree with her classmate’s opinion, but she listens carefully instead of starting an argument or insulting her. Which ethical principle is Ava illustrating?
respect
A gap between unlimited wants and limited resources creates
scarcity
Union members join up at what level of a union?
local
Which of the following is an industrial good:
Tires for a tow truck