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Business ethics

Quiz by asdasd

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8 questions
Show answers
  • Q1
    What is the primary purpose of business ethics?
    To reduce competition in the marketplace
    To guide behavior and decision-making in business
    To maximize profits at any cost
    To manipulate consumer behavior
    30s
  • Q2
    Which of the following is an example of a conflict of interest?
    A team meeting regarding project updates
    A company policy review
    An employee receiving training
    A manager makes a decision that benefits a family member's company
    30s
  • Q3
    Why is corporate social responsibility (CSR) important for businesses?
    It guarantees higher profits
    It allows companies to avoid taxes
    It enhances the company's reputation and builds customer loyalty
    It reduces the need for employee training
    30s
  • Q4
    What role does transparency play in business ethics?
    It allows for hidden practices
    It builds trust between the company and its stakeholders
    It guarantees financial success
    It increases competition among businesses
    30s
  • Q5
    What is the principle of fairness in business ethics?
    Favoring loyal customers over new customers
    Maximizing shareholder profits regardless of impact
    Prioritizing customer needs over employee rights
    Treating all stakeholders equitably and justly
    30s
  • Q6
    What is the concept of whistleblowing in a business context?
    Reporting unethical or illegal activities within an organization
    Reducing costs by laying off employees
    Promoting a product through advertising
    Filing a financial report to shareholders
    30s
  • Q7
    What is an ethical dilemma in business?
    A standard operating procedure
    A situation where a choice must be made between conflicting ethical principles
    A team-building exercise
    A financial report
    30s
  • Q8
    What is the main objective of a code of ethics in a business?
    To restrict employee creativity
    To establish hierarchical power structures
    To outline profit-maximizing strategies
    To provide guidelines for acceptable behavior and decision-making
    30s

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