What are common ethical dilemmas businesses face? Examples for Grade 8

📚 Quick Study Guide

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• Ethics: Moral principles guiding behavior.
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• Business Ethics: Applying ethics in a business context.
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• Ethical Dilemma: A situation with conflicting moral choices.
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• Fairness: Treating everyone equally and justly.
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• Honesty: Being truthful in all dealings.
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• Confidentiality: Protecting sensitive information.
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• Environmental Responsibility: Protecting the planet.

Practice Quiz

1. Which of the following is the BEST definition of an ethical dilemma?
   1. A situation with a clear right and wrong answer.
   2. A situation where a business can make more profit.
   3. A situation with conflicting moral choices.
   4. A situation where a business has to follow the law.
2. A company knows that their product might be harmful to some customers, but they continue to sell it anyway. Which ethical issue is MOST relevant here?
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility
3. A store owner finds a wallet full of money. They decide to keep it instead of trying to find the owner. This is a violation of which ethical principle?
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility
4. A company promises customers that their product can do something it cannot. What ethical issue is at play?
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility
5. A business shares private customer information with another company without permission. This violates which ethical principle?
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility
6. A factory pollutes a river, harming the local ecosystem. This is an example of a lack of:
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility
7. A company charges different prices to different customers for the same product, based on their ability to pay. This MAY raise concerns about:
   1. Fairness
   2. Honesty
   3. Confidentiality
   4. Environmental Responsibility