BUSINESS ESSENTIALS TENTH CANADIAN
EDITION EBERT TEST BANK COMPLETE
QUESTIONS AND ANSWERS VERIFIED
SOLUTIONS GRADED A+
⩥ Ethical Principles.
Answer: Standards that govern behavior; not dependent on
circumstance.
⩥ Ethical Situation.
Answer: An issue in which you must decide whether something is right
or wrong.
⩥ Integrity.
Answer: Adhering to an established set of personal ethics and sound
moral principles; acting with honesty in all situations.
⩥ Trustworthy.
Answer: Reliable; deserving the confidence of others.
⩥ Accountability.
,Answer: The condition of having to answer for or be liable for your
actions; accepting responsibility for your decisions.
⩥ Transparency.
Answer: The quality of being just as one seems; being open and truthful
when communicating.
⩥ Fairness.
Answer: The ability to make judgments without favoritism or self-
interest; engaging in fair competition and creating equal relationships.
⩥ Respect.
Answer: Regard or esteem; honoring the rights, freedoms, views, and
property of others.
⩥ Rule of Law.
Answer: Complying with laws and regulations.
⩥ Viability.
Answer: The long-term value of your choices
⩥ Arrogance.
Answer: An inflated sense of self-importance.
,⩥ Consequence.
Answer: The result of an action.
⩥ Dilemma.
Answer: A difficult situation in which you are required to make a
decision.
⩥ Ethical dilemma.
Answer: An issue in which you must decide whether something is right
or wrong; sometimes referred to as an ethical situation.
⩥ Intuition.
Answer: Instinct; gut feeling.
⩥ Role model.
Answer: A person whose behavior is imitated by others.
⩥ Brick and mortar.
Answer: A business that operates out of a physical facility (instead of
online).
⩥ Builders.
, Answer: A type of producer that constructs roads, bridges, buildings,
houses, etc.
⩥ Consumers.
Answer: People who use goods and services to satisfy their wants.
⩥ E-tailers.
Answer: Retailers who operate solely online.
⩥ Manufacturer.
Answer: A type of producer that changes the shapes or forms of
materials so that they will be useful to consumers.
⩥ Producers.
Answer: The people who make or provide goods and services.
⩥ Raw-goods producer.
Answer: A type of producer that provides goods in their natural state.
⩥ Retailer.
Answer: A business that buys consumer goods or services and sells them
to the ultimate consumer.
EDITION EBERT TEST BANK COMPLETE
QUESTIONS AND ANSWERS VERIFIED
SOLUTIONS GRADED A+
⩥ Ethical Principles.
Answer: Standards that govern behavior; not dependent on
circumstance.
⩥ Ethical Situation.
Answer: An issue in which you must decide whether something is right
or wrong.
⩥ Integrity.
Answer: Adhering to an established set of personal ethics and sound
moral principles; acting with honesty in all situations.
⩥ Trustworthy.
Answer: Reliable; deserving the confidence of others.
⩥ Accountability.
,Answer: The condition of having to answer for or be liable for your
actions; accepting responsibility for your decisions.
⩥ Transparency.
Answer: The quality of being just as one seems; being open and truthful
when communicating.
⩥ Fairness.
Answer: The ability to make judgments without favoritism or self-
interest; engaging in fair competition and creating equal relationships.
⩥ Respect.
Answer: Regard or esteem; honoring the rights, freedoms, views, and
property of others.
⩥ Rule of Law.
Answer: Complying with laws and regulations.
⩥ Viability.
Answer: The long-term value of your choices
⩥ Arrogance.
Answer: An inflated sense of self-importance.
,⩥ Consequence.
Answer: The result of an action.
⩥ Dilemma.
Answer: A difficult situation in which you are required to make a
decision.
⩥ Ethical dilemma.
Answer: An issue in which you must decide whether something is right
or wrong; sometimes referred to as an ethical situation.
⩥ Intuition.
Answer: Instinct; gut feeling.
⩥ Role model.
Answer: A person whose behavior is imitated by others.
⩥ Brick and mortar.
Answer: A business that operates out of a physical facility (instead of
online).
⩥ Builders.
, Answer: A type of producer that constructs roads, bridges, buildings,
houses, etc.
⩥ Consumers.
Answer: People who use goods and services to satisfy their wants.
⩥ E-tailers.
Answer: Retailers who operate solely online.
⩥ Manufacturer.
Answer: A type of producer that changes the shapes or forms of
materials so that they will be useful to consumers.
⩥ Producers.
Answer: The people who make or provide goods and services.
⩥ Raw-goods producer.
Answer: A type of producer that provides goods in their natural state.
⩥ Retailer.
Answer: A business that buys consumer goods or services and sells them
to the ultimate consumer.
