A Table Representing the Tests Used to Make Ethical Business

question 101

Multiple Choice

A table representing the tests used to make ethical business decisions



-John is a very competitive student and works hard to do well in his studies.His mentor Sam encourages him to be honest in all his efforts.One day John cheats in an exam and although no one is the wiser, John feels he has failed the moral mentor test.Given this information, which of the following ethical questions is the best explanation for his response?

• A)Am I justified in cheating because winning is everything?
• B)Would I like to be on the receiving end of this action and all its potential consequences?
• C)Would the person I admire the most engage in this activity?
• D)Will I be able to look myself in the mirror and respect the person I see there?
• E)Would I want to see this action described on the front page of the local paper?

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Definitions:

Operating Cash Flow

The cash generated by a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.

Cash Expenses

These are expenses that require an immediate outlay of cash by the business.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, a fundamental concept in economics and financial decision-making.

Underground Storage

Facilities used for storing various substances below the earth’s surface, often pertaining to fuel and hazardous materials.