NAME TrueFalse Indicate whether the sentence or statement is

NAME:- True/False Indicate whether the sentence or statement is true or false. 1. Morality is the standards that an individual or a group has about rightl wrong and good/ bad 2. Normative study is an investigation that attempts to reach conclusions about what things are good or bad and what actions are right or wrong 3. An example of non-normative (or descriptive) statement is \'Mona Lisa is a beautiful painting. -4. Ethics deals with morality, and same as morality. 5. There are three kinds of ethical issues: Systemic, Corporate, and Individual. Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 6. Which of the following is not a characteristic of moral standards? Moral Standards are a. Established by authorities b. Impartial Associates with special emotions Should be preferred to all other values established by legislature c. d. 7. Identify the statement(s) that provide incorrect descriptions Business is an organization or an economic system where goods and services are exchanged for money Organization is a random body of people with varied goals a. A company can be a sole proprietorship, a partnership, or a corporation c. b. Firm is a commercial organization that operates on a for-profit basis and participates in selling goods or services to consumers. d.

Solution

1. True

Morality is the key to identify whether a gropg or a person is good or bad.

2.TRUE

Normative study is helps in investigation about good or bad.

3. False

The give example is normative statement.

4. FALSE

The ethics is not same as morality.

5. True

The three issues are systemic, individual and corporate