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Business Management Warm-Ups 10/10/23

Quiz by Nekeisha King-Price

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10 questions
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  • Q1
    What is the term used for the practice of offering or accepting bribes in exchange for business favors?
    Corruption
    Collusion
    Lobbying
    Embezzlement
    30s
  • Q2
    What does the term 'whistleblowing' refer to in the context of business ethics?
    Conflict of interest
    Bribery
    Reporting unethical behavior
    Insider trading
    30s
  • Q3
    What term describes the act of intentionally misleading customers or investors through false or deceptive practices?
    Sustainability
    Fraud
    Compliance
    Negligence
    30s
  • Q4
    What is insider trading?
    Engaging in fair competition
    Conducting market research
    Improving workplace diversity
    Using non-public information for personal financial gain
    30s
  • Q5
    What is the term for a business practice that involves copying or imitating a competitor's product or service without authorization?
    Collusion
    Counterfeiting
    Outsourcing
    Benchmarking
    30s
  • Q6
    What is the term used to describe the practice of favoring family members or close associates in business dealings or employment?
    Partnership
    Networking
    Nepotism
    Outsourcing
    30s
  • Q7
    What is the term used to describe the unethical practice of manipulating financial records to present a false picture of a company's financial health?
    Cooking the books
    Strategic planning
    Customer satisfaction
    Market research
    30s
  • Q8
    What is the purpose of a code of ethics in business management?
    To maximize profits at any cost
    To promote competition and eliminate fairness
    To establish moral guidelines for behavior within the organization
    To exploit employees for personal gain
    30s
  • Q9
    What is the purpose of a conflict of interest policy in business management?
    To prioritize personal interests over organizational goals
    To mitigate situations where personal interests may influence decision-making
    To create conflicts within the organization
    To promote favoritism and nepotism
    30s
  • Q10
    What is the concept of transparency in business ethics?
    Openness and accountability in disclosing information
    Withholding information from stakeholders
    Manipulating financial statements for personal gain
    Promoting secrecy and confidentiality
    30s

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