ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When making a decision what is the MOST important influence factor to consider?
A
The feelings of others
B
Your Likes & Dislikes
C
Your Ethics & Values
D
Values & Ethics of others
Explanation: 

Detailed explanation-1: -There are three important factors that can influence ethical decision making, which are individual, organizational, and opportunity factors. All three of these factors can weigh heavily on a person during the decision making process, especially in the work place.

Detailed explanation-2: -For a decision to be ethical, it has to show qualities of respect, responsibility, fairness and caring. Ethical decisions can often take careful time and consideration, reflecting the importance and responsibility associated with the decision.

Detailed explanation-3: -Factors influencing ethical behaviour? School/ Education Desire to preserve/ enhance status Loyalty to Family/ Friends/ Company Company Ethos Professional Ethics … Cultural/ societal values Media influences/ coverage Legal constraints (Government) Enforcement (Legal/ Professional/ Religious) … …

Detailed explanation-4: -Step one: Follow the Golden Rule. Step two: Do the right thing. Step three: Very rarely do wrongs make it right. Final thoughts: Use common sense, be kind to others. More items •02-Nov-2000

There is 1 question to complete.