The Ultimate Decision on Whether to Abide by Ethical Principles

question 15

Multiple Choice

The ultimate decision on whether to abide by ethical principles in any given situation rests with:

• A)the manager.
• B)the business owner.
• C)the individual.
• D)stakeholders.

Distinguish between the roles and skills of managers according to recognized theories and models.

Understand the importance of leadership in motivating and guiding employees.

Recognize the value of lifelong learning and development in managerial effectiveness.

Understand the role of ethics and emotional intelligence in management.

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Definitions:

Labor Markets

The supply of available workers in relation to available work, and the dynamics of wages, employment, and labor demand.

Unskilled Workers

Individuals who perform jobs that require limited or no specialized skills or training.

Workers Specialize

When workers focus on a narrow set of tasks or acquire specialized skills, leading to increased efficiency and productivity.

Command System

A type of economic system where production, investment, prices, and incomes are determined centrally by a government.