Think of a time you encountered an ethical dilemma. what was the situation? how did you react? do you behave ethically? how do you know?

An ethical dilemma is a situation where you are needing to make a decision between two or more scenarios but all go against what you believe is ethically appropriate. businesses have ethics that are standard to their company but also, as an individual, we all have ethics/morals that are true to us. 

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.