Question 1

What is the concept of ethical leadership?

Accepted Answer

A leadership style that prioritizes moral principles and values.

Answer

A leadership style that promotes dishonesty and deception.

Answer

A leadership style that focuses solely on financial success.

Answer

A leadership style that disregards the well-being of employees.

Question 2

What is the concept of nepotism in business management?

Accepted Answer

Favoritism shown to family members or friends in employment or business decisions.

Answer

Implementing diversity and inclusion initiatives.

Answer

Providing equal opportunities for all employees.

Answer

Promoting based on merit and qualifications.

Question 3

What is the concept of price gouging in business ethics?

Accepted Answer

Unjustifiably increasing prices during times of crisis or high demand.

Answer

Engaging in price fixing collusion with competitors.

Answer

Offering discounts and promotions to attract customers.

Answer

Maintaining consistent prices regardless of market conditions.

Question 4

What is the concept of cultural diversity in business management?

Accepted Answer

Embracing and valuing different cultural backgrounds and perspectives within an organization.

Answer

Promoting a homogeneous workforce with a single cultural background.

Answer

Discriminating based on cultural differences in recruitment and hiring.

Answer

Excluding individuals with diverse cultural backgrounds from the workplace.

Question 5

What is the concept of conflict of interest in business management?

Accepted Answer

A situation where personal interests interfere with professional duties and responsibilities.

Answer

A situation where business objectives align with personal interests.

Answer

A situation where personal interests are completely disregarded in decision-making.

Answer

A situation where professional duties are prioritized over personal interests.

Question 6

What is insider trading?

Accepted Answer

The illegal practice of trading stocks based on non-public, material information.

Answer

The ethical practice of trading stocks based on non-public information.

Answer

The practice of manipulating stock prices for personal gain.

Answer

The legal practice of trading stocks based on public information.

Question 7

Which of the following is an example of an unethical issue in business management?

Accepted Answer

Bribing a government official for a business contract

Answer

Providing fair compensation to employees

Answer

Implementing diversity and inclusion policies

Answer

Using environmentally-friendly practices in production

Question 8

What is a common unethical issue related to marketing in business management?

Accepted Answer

False advertising

Answer

Providing excellent customer service

Answer

Conducting market research

Answer

Implementing customer loyalty programs

Question 9

Which of the following is an example of an unethical issue related to employee treatment in business management?

Accepted Answer

Forcing employees to work overtime without proper compensation

Answer

Offering opportunities for career advancement

Answer

Implementing flexible work schedules

Answer

Providing competitive salaries and benefits

Question 10

What is a common unethical issue related to supplier relationships in business management?

Accepted Answer

Engaging in bribery to secure favorable contracts

Answer

Maintaining open and fair bidding processes

Answer

Establishing long-term partnerships with suppliers

Answer

Implementing sustainable sourcing practices

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