Question 1

What is the term used for the practice of offering or accepting bribes in exchange for business favors?

Accepted Answer

Corruption

Answer

Collusion

Answer

Lobbying

Answer

Embezzlement

Question 2

What does the term 'whistleblowing' refer to in the context of business ethics?

Accepted Answer

Reporting unethical behavior

Answer

Conflict of interest

Answer

Bribery

Answer

Insider trading

Question 3

What term describes the act of intentionally misleading customers or investors through false or deceptive practices?

Accepted Answer

Fraud

Answer

Sustainability

Answer

Compliance

Answer

Negligence

Question 4

What is insider trading?

Accepted Answer

Using non-public information for personal financial gain

Answer

Engaging in fair competition

Answer

Conducting market research

Answer

Improving workplace diversity

Question 5

What is the term for a business practice that involves copying or imitating a competitor's product or service without authorization?

Accepted Answer

Counterfeiting

Answer

Collusion

Answer

Outsourcing

Answer

Benchmarking

Question 6

What is the term used to describe the practice of favoring family members or close associates in business dealings or employment?

Accepted Answer

Nepotism

Answer

Partnership

Answer

Networking

Answer

Outsourcing

Question 7

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?

Accepted Answer

Cooking the books

Answer

Strategic planning

Answer

Customer satisfaction

Answer

Market research

Question 8

What is the purpose of a code of ethics in business management?

Accepted Answer

To establish moral guidelines for behavior within the organization

Answer

To maximize profits at any cost

Answer

To promote competition and eliminate fairness

Answer

To exploit employees for personal gain

Question 9

What is the purpose of a conflict of interest policy in business management?

Accepted Answer

To mitigate situations where personal interests may influence decision-making

Answer

To prioritize personal interests over organizational goals

Answer

To create conflicts within the organization

Answer

To promote favoritism and nepotism

Question 10

What is the concept of transparency in business ethics?

Accepted Answer

Openness and accountability in disclosing information

Answer

Withholding information from stakeholders

Answer

Manipulating financial statements for personal gain

Answer

Promoting secrecy and confidentiality

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