Question 1

What is a common ethical issue in business management?

Accepted Answer

Conflict of interest

Answer

Professionalism

Answer

Innovation

Answer

Efficiency

Question 2

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

Accepted Answer

To provide guidelines for ethical behavior

Answer

To reduce employee turnover

Answer

To increase profitability

Answer

To promote competition

Question 3

Which of the following is NOT considered a form of unethical behavior in business management?

Accepted Answer

Transparency

Answer

Conflicts of interest

Answer

Bribery

Answer

Discrimination

Question 4

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

Accepted Answer

Reporting unethical behavior or wrongdoing

Answer

Creating a positive work environment

Answer

Promoting company loyalty

Answer

Maximizing profits

Question 5

What is the role of a business manager in ensuring ethical behavior within an organization?

Accepted Answer

Setting a positive example

Answer

Overseeing daily operations

Answer

Minimizing costs

Answer

Maximizing profits

Question 6

What is a potential consequence of unethical behavior in business management?

Accepted Answer

Damage to reputation

Answer

Higher profitability

Answer

Increased employee morale

Answer

Improved customer loyalty

Question 7

What is the definition of a conflict of interest in business management?

Accepted Answer

A situation where personal interests interfere with professional duties

Answer

A situation where ethical principles are compromised

Answer

A disagreement between employees

Answer

A competition between different companies

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