Business Ethics Involves

question 2

Multiple Choice

Business ethics involves

• A)how managers decide on what is right in conducting business
• B)how managers achieve what they decide is right for the business
• C)both a and b
• D)none of the above

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Definitions:

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, best known for his leadership during the early years of the Great Depression.

Smoot-Hawley Tariff

1930 act that raised tariffs to an unprecedented level and worsened the Great Depression by raising prices and discouraging foreign trade.

Economic Crisis

A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.

American Individualism

A cultural value that emphasizes the importance of individual freedom, self-reliance, and independence, traditionally considered a hallmark of American society.