Vocabulary
What does “Ethics” mean?
What is Doing the right thing, even when it’s hard.
What does it mean when someone acts out of greed?
What is They want more money, power, or recognition for themselves.
Customers buy from businesses they ______.
What is Trust
A worker skips safety checks to meet a tight deadline.
What is Pressure
Which company Collapsed due to accounting fraud in 2001?
What is Enron
What are “Regulations”?
What is Laws and rules businesses must follow. Set by the government
What kind of pressure can lead people to act unethically in business?
What is deadlines, bosses, peer pressure
Name one legal consequence of unethical behavior.
What is Lawsuits, fines, Government Investigations.
A student copies homework because they want more free time.
What is Laziness
Which bank created Millions of Fake accounts to boost sales numbers?
What is Wells Fargo
What is “Integrity”?
What is Being honest and doing the right thing, even when no one is watching.
Which motive is described as “trying to win at all costs”?
what is Competition
What happens to a company’s reputation after a scandal?
what is its gets damaged and Trust is lost
A business makes false ads to hurt their competitors and win customers
Competition
Which Tech Giant was fined $5 billion for mishandling user data?
What is Facebook
What is a “Code of Ethics”?
What is A company’s written guideline for right and wrong behavior
Name TWO “other reasons” people might cross the line besides greed, pressure, and competition.
What is Laziness, lack of oversight, everyone else is doing it, or ignorance.
What happens to employees in an unethical company?
What is They QUIT!
An employee cheats because “all my coworkers are doing it.”
What is Everyone else is doing it
Which health-tech startup faked blood test results and misled investors?
What is Theranos
What is a “Conflict of Interest”?
What is When personal gain competes with professional responsibility.
Why are the consequences of unethical behavior bigger in business than in school?
What is the stakes are higher, bigger money, bigger risks, and larger impacts on society/customers.
What happened to Wells Fargo after the fake accounts scandal?
what is They lost customer trust, paid heavy fines, and damaged their reputation.
A company manager looks the other way because no one is monitoring the rules.
What is Lack of oversight
Which Ride Share company faced scandals about toxic workplace culture and unethical leadership?
What is Uber