BUSINESS LAW I Chapter 1 – Laws and Their Ethical Foundation Assignment: Vocabulary & Text Questions – Ethics/Part B Name ____________________________________________ Date _______________________ Period _________ ____________ 21 pts. possible 1. ________________________ The driving business thought that the most important goal is making a profit for the stockholders. 2. ________________________ The ability to do right, even under pressure. 3. ________________________ Deciding what is right or wrong in a reasoned, impartial manner. 4. ________________________ The duty a business has to its shareholders, consumers, employees and society. 5. ________________________ This form of ethical reasoning recognizes that penalties often follow bad reasoning. 6. ________________________ Acts are judged as right or wrong under this type of ethical rule. 7. ________________________ Employers protect themselves from an employee who may steal or damage customers’ goods by taking out this insurance policy on the employee. 8. ________________________ Government jobs, for example, may require that a potential employee provide clear evidence that they are trustworthy before being issued a __. 9. ________________________ An individual who has no respect for the law. 10. ________________________ Reasoned decisions usually make reference to the law or a religious belief or text. These references are known as a written __. 11. ________________________ Peaceful violation of a law one feels to be unjust. 12. ________________________ An individual who reports inappropriate/illegal actions taken by his or her employer is known as a __. 13. ________________________ __ is the action of envisioning everyone taking part in some particular action. 14. ________________________ Standards by which we live and make decisions. 15. ________________________ Practical applications of ethical principals. 16. ________________________ Congressional legislation passed in 1989 to protect employees who report on certain actions of their employers. 17. ________________________ One who contributes (usually large sums) to various charitable causes. Page 19 1. 2. True or False 3. 4. Question Ethics is a practice of deciding what is right or wrong in a reasoned, ___ manner. The two forms of ethical reason almost never reach the same conclusions. Which of the following best describes the elements involved in civil disobedience? (a) violating the law, (b) violating the law openly, (c) violating the law openly and peacefully, (d) violating the law openly, peacefully, and accepting punishment for the violation. Majority rule usually involves which of the following types of ethical reasoning? (a) reasoning based on consequences, (b) rule-based reasoning.