When a Business Is Considered by Law to Be a Legal

question 195

Multiple Choice

When a business is considered by law to be a legal entity, it is known as a

• A) partnership.
• B) conglomerate.
• C) corporation.
• D) proprietorship.

Comprehend the "Golden Rule" and its application to ethical decision-making.

Identify the impact of unethical business practices on stakeholders.

Analyze the inadequacy of justifications based on upbringing or tradition for ethical decisions.

Understand how emotional reactions (Affect heuristic) can influence ethical decision-making.

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Definitions:

Skinner

An influential American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Recognition

The cognitive process of identifying previously encountered information from a group of choices.

Cognitive Process

The cognitive process of gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Familiar

Well known from long or close association.