Business Management Warm-Ups 10/10/23
Quiz by Nekeisha King-Price
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10 questions
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- Q1What is the term used for the practice of offering or accepting bribes in exchange for business favors?CorruptionCollusionLobbyingEmbezzlement30s
- Q2What does the term 'whistleblowing' refer to in the context of business ethics?Conflict of interestBriberyReporting unethical behaviorInsider trading30s
- Q3What term describes the act of intentionally misleading customers or investors through false or deceptive practices?SustainabilityFraudComplianceNegligence30s
- Q4What is insider trading?Engaging in fair competitionConducting market researchImproving workplace diversityUsing non-public information for personal financial gain30s
- Q5What is the term for a business practice that involves copying or imitating a competitor's product or service without authorization?CollusionCounterfeitingOutsourcingBenchmarking30s
- Q6What is the term used to describe the practice of favoring family members or close associates in business dealings or employment?PartnershipNetworkingNepotismOutsourcing30s
- Q7What 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 booksStrategic planningCustomer satisfactionMarket research30s
- Q8What is the purpose of a code of ethics in business management?To maximize profits at any costTo promote competition and eliminate fairnessTo establish moral guidelines for behavior within the organizationTo exploit employees for personal gain30s
- Q9What is the purpose of a conflict of interest policy in business management?To prioritize personal interests over organizational goalsTo mitigate situations where personal interests may influence decision-makingTo create conflicts within the organizationTo promote favoritism and nepotism30s
- Q10What is the concept of transparency in business ethics?Openness and accountability in disclosing informationWithholding information from stakeholdersManipulating financial statements for personal gainPromoting secrecy and confidentiality30s