What Is the Role of Business Ethics

question 29

Multiple Choice

What is the role of business ethics?

• A) to provide a comprehensive plan for dealing with legal risk
• B) to establish principles and values for determining right and wrong in the business world
• C) to resolve disputes between conflicting parties
• D) to impose legal responsibility for an event or loss that has occurred

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Definitions:

n Ach

Refers to "Need for Achievement," a term in psychology that represents an individual's desire for significant accomplishment, mastering of skills, control, or high standards.

Yerkes-Dodson Law

A theory suggesting there is an optimal level of arousal for the best performance on any task: too little or too much arousal can decrease performance.

Arousal Level

refers to the state of being physiologically alert, awake, and attentive, involving mechanisms within the nervous system.

Industrial/Organizational Psychologists

Psychologists specializing in the application of psychological principles and techniques to workplace environments, issues, and behaviors.