Ethics and Values of Business Chapter 1

Question 1

What are the 2 distinguishing features of business?

Answer 1

1. It typically takes place in an organization.
   -Businesses have Hierarchy designed to achieve and set goals
2. It’s Economic Character
   -Business typically sees the world as:
   a) Buyers and Sellers
   b) Employees and Employers

Question 2

What are the Levels of Decision Making?

Answer 2

1. ## The Level of the Individual
2. The Level of the Organization
3. The Level of Business