Ethics
What is a difficult situation in which you are required to make a decision between right or wrong
what is an ethical dilemma
The rivalry between or among businesses that offer dissimilar goods and service
What is indirect competition
What topic were you supposed to learn about before I got here?
what are Ethics
What is something you cannot wear to an interview?
Jeans, Hat , Sneakers
Integrity means acting with honesty
True or False
True
An inflated sense of self-importance
what is arrogance
Rivalry between or among businesses that offer similar goods and services (like Burger King and McDonalds)
what is direct competition
What is your teacher's last name?
What is Nevels
What is something you do to get asked questions before a job?
what is a Job interview
Ethical issues deal with _____ choices
Right & Wrong
Being open and truthful when communicating
what is Transparency
Also known as “net income” or the “bottom line”, your ______ shows the difference between what a business earns and spends
what is a Profit
What is the name of this course?
what is Business Essentials
Money left after the cost-of-goods is subtracted from total income
What is gross profit?
Monitors, printers, and speakers are all examples of
What are output devices
You have two job offers, and you’re trying to decide which one to accept. Each job has its advantages and disadvantages. You’re facing a
what is a dilemma
The possibility of loss or failure that occurs as a result of the economy
What are economic risks?
What is the name of the idea that we currently do in class that will be done in other classes under a different name?
What is Mindset Monday
All of the expenses involved in running a buisness
What are operating expenses
If you behave unethically, you may face
Consequences
The ability to make judgments without favoritism or self-interest
What is fairness
The possibility of loss or failure from human error?
What are human risks?
The meaning of www as it relates to the internet
What is world wide web
The money received by resource owners and by producers for supplying goods and services to customers
What is income
Responsibility is a key part of which ethical principle?
Accountability
What do you use to "govern your behaviors"
what are Ethical principles
The possibility of loss or failure from nature?
What are natural risks
This is what you submit to a company telling about your previous jobs and skills
what is a Resume
Money that does not have to be paid back
What is a grant
Liam always says “please” and “thank you.” He demonstrates
Respect
Acting with honesty in all situations
what is Integrity
Chances of loss that carry with them the possibility of loss or no loss
what are pure risks
Desire for work or activity, energy
what is Ambition
Money you have to pay back
what are Loans
Marc keeps his friend’s secret instead of sharing it with the rest of his friends. Which ethical principle is Marc illustrating?
Trust
Being held liable for your actions
what is Accountability
A risk response strategy that involves choosing not to do something that is considered risky
What is avoidance
Someone that you look up to
what is a Mentor/Role Model
a reachable goal
What is an attainable goal
Deciding whether or not to cheat on a test is an example of a(n)
Ethical dilemma
Trust, Respect, Integrity, etc are all types of what?
what are Ethical Principles
A type of market structure in which ta market is controlled by one supplier and there are no substitute goods
What is a monopoly
The skills you use in every job, no matter the title or field
Transferrable Skills
This refers to money spent on utilities, salaries, and raw materials
Expenses
You make sure everyone working on your group project has an equal share of the work because you care about the ethical principle of
Fairness