The Term "Ethics" Refers to

question 271

Multiple Choice

The term "ethics" refers to

• A) standards or moral values regarding what is right and wrong.
• B) avoiding doing things that, if everyone did it, we would have a real mess.
• C) believing what's right for one person is wrong for another.
• D) conflicts of interest that develop between two co-workers.
• E) bad behaviour by top managers in a company.

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Definitions:

Recessionary Conditions

Economic circumstances characterized by a decline in GDP, income, employment, and trade, lasting for a period of time.

Servant Leadership

A leadership philosophy that focuses on serving the needs of others, prioritizing the well-being of team members and stakeholders over personal gain.

High Power Distance

Refers to cultures or organizations where there is a significant gap between those with power and those without, emphasizing hierarchy and authority.

Hierarchical Boundaries

The defined limits and distinctions between levels of authority and responsibility in an organization's structure.