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business
understanding business ethics
Questions and Answers of
Understanding Business Ethics
What did I like the most about my previous jobs? Like the least?
Were any of my jobs applicable to positions I may be seeking? How?
What previous jobs have I held? What were my responsibilities in each?
Why did I choose my major?
Do I want a graduate degree? Do I want to earn it before beginning my job?
Is my GPA an accurate picture of my academic ability? Why or why not?
How have my extracurricular activities prepared me for a particular job?
Which subjects did I enjoy the most? The least?
In which subjects did I perform the best? The worst?
Have I taken certain courses that have prepared me for a particular job?
In which abilities do I wish I were more adept?
What special talents do I have?
Do I have good verbal and written communication skills?
Am I adept at working with mechanical things?
Am I adept at working with numbers?
Do I like to read?
Do I enjoy physical activities?
Am I a member of many organizations?
Do I enjoy working with numbers?
Do I like working with mechanical things?
Do I enjoy being with people?
How do I like to spend my time?
Go online and check out the benefits and drawbacks of both traditional and Roth IRAs. Be prepared to make a two-minute presentation about each and to discuss your findings in class.
The best time to start saving for the future is now. To prove this point to yourself, find a savings calculator online and calculate how much you will have at age 65 if you begin saving $100 a month
Go online and find out the cost of major medical/hospital treatments in your area. Ask some older friends or acquaintances about medical insurance and whether they have ever gone without any. What
Talk with someone you know who has invested in a home. Has the value of the home appreciated or depreciated? What other benefits has the home brought? Create a list of the benefits and drawbacks of
Check your local paper or use an online realtor to gather information regarding the cost to rent a two-bedroom apartment and to buy a two-bedroom condominium in your area.Go to Dinkytown.net and use
How much house can you afford if you earn $36,000 a year and have $10,000 savings for a down payment, a $6,000 car loan balance, and no credit card debts?
You need a new car. What car can you afford if you have $1,500 for a down payment, can make monthly payments of $300, and get $1,000 for trading in your old clunker?
Starting today, how much would you need to save each month in order to become a millionaire before you retire?
Investing $1,000 at 6 percent for five years, what is the difference in purchasing power of your savings if inflation increases by 2 percent annually during that time?By 4 percent?
You need $5,000 for a trip to Europe in two years. How much would you have to deposit monthly in a savings account paying 1 percent in order to meet your goal?
What insurance coverage do you have? What type of insurance do you need to buy next?
Have you given any thought to becoming an entrepreneur? Do the statistics about millionaires in this chapter give you some courage to pursue such a venture?
Imagine you inherited $50,000 and you want to invest it to meet two financial goals: (a) to save for your wedding, which you plan to have in two years; and (b) to save for your retirement several
What kinds of questions must a person ask before considering the purchase of a home?
Housing prices in many parts of the United States have recovered from the losses during the financial crisis. What is the situation where you live? Would you encourage a college graduate in your area
What are the basics of estate planning?
What are the basics of saving for retirement?
Can I rely on Social Security to cover my retirement expenses?
Do I need other insurance?
Why is term insurance preferred?
What is the role of insurance in protecting capital?
What is a good way to handle credit cards?
Where is the best place to keep savings?
How does the government help you buy real estate?
Why is real estate sometimes such a good investment?
How can I accumulate funds?
What are the six steps to managing personal assets?
What are the main steps in estate planning?
What are the advantages of investing through an IRA? A qualified retirement plan? A 401(k) account?
What are the advantages and disadvantages of using a credit card?
Why can real estate be a good investment?
What are the six steps you can take to control your finances?
Outline a strategy for retiring with enough money to last a lifetime.
Explain how buying the appropriate insurance can protect your financial base.
Explain how to build a financial base, including investing in real estate, saving money, and managing credit.
Outline the six steps for controlling your assets.
Do you think companies such as World Wide Technology will offer strong career opportunities in the next 10 years? Why or why not?
Why do many companies need the services of companies like World Wide Technologies?
Why is big data important in today’s business environment?
How does technology affect your relationship with specific businesses or organizations such as your bank, your school, and your favorite places to shop? Does it strengthen or weaken your
Choose a topic that interests you and use two search engines to find information about it online. Narrow your search using the tips offered by the search engine. Did both search engines find the same
Describe one technological glitch you’ve experienced and what you did to resolve it. Discuss the consequences of the interruption (lost data, decreased productivity, increased stress). What steps
Interview someone who recently bought a computer to use in his or her business.Ask why he or she bought that specific computer and how it is used. Ask about any problems that occurred during the
Imagine you have $2,000 to buy or upgrade a computer system for yourself. Research hardware and software in computer magazines and on websites such as ZDNet (zdnet.com).Visit a computer store or shop
Do the following sources generally show bias?1 The Wall Street Journal 2 Associated Press 3 The Economist 4 The Guardian 5 American College of Pediatricians
Is Wikipedia a reliable source for accurate information? Why or why not? Explain the best way to use Wikipedia (if at all).
Can you tell by the site’s domain name (i.e., .edu, .com, .org, etc.) if it is reliable or not? Explain your answer.
How will the introduction and integration of more and more devices into the Internet of Things affect your life? Do you think they will widen or narrow the gap between the haves and have-nots (rich
What are the implications for world trade given that firms and government organizations now have the ability to communicate across borders so easily?
What information, either from your personal life or for your job, would you like to receive exactly when and where you need it?
What effect has information technology had on business management?
What is cloud computing and what are its benefits and drawbacks?
What is WAN?
What is Web 3.0?
What is Web 2.0?
What information technology is available to help business manage information?
What are data analytics and big data?
How can you deal with information overload?
What types of information are available to businesses today?
How does information technology change business?
What have been the various names and roles of business technology since 1970?
What management issues have been affected by the growth of information technology?
How has information technology changed the way people work?
What are the benefits and drawbacks of cloud computing?
What is the difference between LAN and WAN computer networks?
How do computer networks change the way employees gather information?
What is data mining and how do businesses use it?
What are the four characteristics of information that make it useful?
What types of information are available to businesses today?
How has information technology changed the way we do business?
How has the role of information technology changed since the days when it was known as data processing?
Evaluate the human resource, security, privacy, and stability issues affected by information technology
Explain the differences between LAN and WAN and discuss the benefits and drawbacks of cloud computing.
Compare the scope of the Internet, intranets, extranets, and virtual private networks, and explain how broadband technology and 5G enabled the evolution to Web 2.0 and 3.0.
List the types of business information, identify the characteristics of useful information, and discuss how data is stored and analyzed.
Outline the changing role of business technology.
Why is monetary policy an important part of the Federal Reserve’s mission?
How does the Fed raising the reserve requirement affect the possibility of getting a business loan?
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