Unemployment and declining relative compensation


Complete the following statements:

1) A ............... places high value on individual effort and the belief that hard work does and should lead to success.

2) ............... is the combined effects of increased concentration, cyclic crises, rising unemployment and declining relative compensation.

3) ................ is the standards that an individual or a group has about what is right and wrong or good and bad.

4) ................ require others to for bear acting in certain ways to allow the bearer of that right to act without impediment.

5) The combination of inflation and unemployment. or ...................,is problematic for keynes' views.

6) According to the ....................criterion of justice, benefits and burdens are distributed when a person receives in return at least the value of contribution he/she made to the enterprise.

7).....................describes the state of a person who is wrongfully separated from something which he should be united, or who is dominated by something of his own making.

8) .................consists of being prepared to render a moral account of an action done either for ourselves or as agents for other.

9) ...................carries out a similar analysis, if necessary , for those indirectly affected, as well as for society as a whole.

10) ....................... is closely related to anthropology, sociology and psychology and leans heavily on them.

11) ........................ maintain that the actions are morally right or wrong dependent of their consequences.

12) The equilibrium point is the one and only point at which prices on average are ................ from both the buyer's and seller's points of view.

13) As a .......................... of his/her employer, the manager has a duty serve the employer as the employer would want to be served.

14) Our ................................say that a corporation acts when properly qualified members of the corporation carry out their assigned duties within the scope of their assigned authority.

15) The ................... demonstrates that even if people were motivated, by self-interest alone, they would still have a good reason to be ethical in business.

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Business Law and Ethics: Unemployment and declining relative compensation
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