Handout 1

Question 1

An organization or economic system where
goods and services are exchanged

Answer 1

Business

Question 2

It is the goal of most businesses

Answer 2

Profit Motive

Question 3

A set of principles or standards of
human conduct that govern the
behavior of individuals or
organization.

Answer 3

Ethics

Question 4

A set of principles or standards of
human conduct that govern the
behavior of individuals or
organization.

Answer 4

Ethics

Question 5

The application of standards of moral
behavior to business situations.

Answer 5

Business
Ethics