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Final Exam Review
| Question | Answer |
|---|---|
| What are Business Ethics for? | They balance the goal of profits with values of individuals and society |
| What does positive law mean? | If an act is legal, then it is moral |
| What does absent illegality mean? | All behavior is ethical under this simple standard |
| How to resolve ethical dilemmas? | Use three questions to evaluate situations -is it legal? -Is it balanced -How does it make me feel? |
| what is the front page of the newspaper test? | make sure you wouldn't mind everyone seeing your decision |
| what is a constitution? | A written document establishing the structure of the government |
| What are the financial powers? | -The Taxing Power -The Spending Power |