The Term Business Ethics Is Best Described by the Following

question 33

Multiple Choice

The term business ethics is best described by the following statement:

• A)It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
• B)It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct."
• C)It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."
• D)It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
• E)It comprises the principles, values, and standards that guide behavior in the world of business.

Identify examples and implications of discriminative stimuli in behavioral conditioning.

Differentiate between various reinforcement schedules (fixed-ratio, variable-ratio, fixed-interval, variable-interval) and their outcomes on behavior.

Describe the process of operant conditioning and its fundamental principles.

Explain the concepts of extinction, spontaneous recovery, generalization, and discrimination in operant conditioning.

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Definitions:

Evidence

Information or details that provide proof or support for assertions, decisions, or beliefs.

New Account

An account that has been recently opened in the financial books of a business or an individual's newly established account with a financial institution.

Transaction

An event or agreement between two or more parties that has a financial impact on the business.

Business Firm

A Business Firm is an organization engaged in commercial, industrial, or professional activities with the aim of generating profits.