III. Fill in the blanks.

1. Fairness and ... in business are two important ethical ....

2. Business ethics is the application of… …to business situations.

3. A business person may be tempted to place his/her personal
… above the welfare of others.

4. A conflict of interest results when a business person … of a situation for

his or her own personal interest rather than for the employer’s or

organization’s interest.

5. Anything given to a person that might unfairly influence that
person’s business decision is a ... , and all ... are un­ethical.

6. Business people should refrain from deceiving, misrepresent­ing, or ... others.

7. Employees want to be treated ... in hiring, promotion, and ... .

8. Concern for ethics can dwindle under the pressure of low or
declining ... .

9. International trade has also led to an ethical dilemma for many firms operating in countries where ... and ... are an accepted part of business.

10.False and ... advertising is illegal and ... .

11.Government agencies have prosecuted several companies for …in spite

of the fact that there is as yet no international code of business ethics.