DECA Sports and Entertainment Marketing Practice Exam

Which term refers to a system for deciding between right and wrong?

1. Intuition

2. Ethics

3. Morality

4. Legislation

The correct answer is: Ethics

The correct answer, ethics, refers to a systematic framework or set of principles used to determine what is considered right or wrong behavior. Ethics encompasses the values and beliefs that guide individuals and organizations in their decision-making processes, helping them navigate complex dilemmas that may involve conflicting values. This term is often used in professional contexts, where ethical standards provide guidance on acceptable conduct within various fields. Intuition, while involved in decision-making, relies on an individual's gut feelings rather than a structured approach, thereby lacking the systematic evaluation that ethics provides. Morality, closely related to ethics, typically refers to personal beliefs about right and wrong, which can be subjective and vary widely among individuals and cultures. Legislation, on the other hand, pertains to laws enacted by governing bodies, which is a different concept as it focuses more on formal rules and regulations rather than the internal principles that guide ethical decision-making.