Impact of Ethical Systems on Business & Economics

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question 1 of 3

The act of _____ is a significant ethical dilemma because it's widely known to be the only way to get a business up and running in a number of foreign countries.

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1. Which ethical system is predominant in China and is one of the oldest documented ethical models?

2. The _____ makes it illegal for businesses based in the US to engage in business conduct overseas if such conduct would be illegal in the United States.

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About This Quiz & Worksheet

See what you know about the impact of ethical systems on business and economics. Take this quiz and answer questions on important subjects like an ethical dilemma associated with getting a business up and running in numerous countries and one of the oldest documented ethical models in China.

Quiz & Worksheet Goals

You'll be responsible for answering questions on these points of interest:

  • Act that makes it illegal for a company to engage in illegal activities overseas
  • Common practice in the U.S. that would be viewed as unethical by people in a region with traditional values
  • Characteristic of ethical conduct related to bribes

Skills Practiced

  • Making connections - use your understanding of ethical dilemmas and how they're connected to getting a business up and running in most countries
  • Knowledge application - use your knowledge to answer questions about an act that makes it illegal for any business to engage in illegal activities abroad and a major ethical system in China that's one of the oldest documented ethical models
  • Information recall - access the knowledge you've gained regarding a practice in the U.S. that would be considered unethical by many people in a region with traditional values

Additional Learning

For more on ethical concerns in the business world, you can read or watch the lesson called Impact of Ethical Systems on Business & Economics. The following topics will be covered in greater detail:

  • Societal expectations related to ethical behavior
  • Whistle-blowing
  • Virtue ethics
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