Ethics Refers to _____

question 85

Multiple Choice

Ethics refers to _____.

• A)the practice of obeying applicable business laws and regulations
• B)the ability to recognize a morally problematic situation
• C)the ability to know right from wrong and to know when you're practicing one instead of the other
• D)a series of situations in which an individual must choose between personal interest and the interest of others

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Definitions:

Cyclical Unemployment

Unemployment that results from business cycle fluctuations and the imbalances in supply and demand that arise in the economy over time.

Discouraged Workers

Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.

Cyclical Unemployment

A type of unemployment that corresponds with the cyclical trends in growth and production that occur within the business cycle.

Labor Force

The total number of people available to work, including those currently employed and those actively seeking employment, within a particular economy.