Question 1

Which of the following principles is NOT a key component of ethical business practices?

Accepted Answer

Maximizing profits at all costs

Answer

Accountability

Answer

Fairness

Answer

Transparency

Question 2

What is an example of unethical behavior in a workplace?

Accepted Answer

Falsifying financial reports

Answer

Following company policies

Answer

Rewarding hardworking employees

Answer

Providing constructive feedback

Question 3

Which of the following actions demonstrates ethical leadership?

Accepted Answer

Encouraging open communication among team members

Answer

Ignoring employee concerns

Answer

Taking credit for others' work

Answer

Prioritizing profits over people

Question 4

What role do corporate social responsibilities (CSR) play in business ethics?

Accepted Answer

They encourage companies to act in the best interests of society

Answer

They focus solely on profit maximization

Answer

They are optional for all businesses

Answer

They limit a company's ability to compete

Question 5

Which of the following is a benefit of practicing ethical business behavior?

Accepted Answer

Building customer trust and loyalty

Answer

Increasing employee turnover

Answer

Reducing market competitiveness

Answer

Creating legal issues

Question 6

What does the term 'conflict of interest' refer to in a business context?

Accepted Answer

A situation where personal interests may interfere with professional obligations

Answer

A legal dispute with another company

Answer

An opportunity for collaboration

Answer

A disagreement between employees

Question 7

Which of the following is considered a form of corporate fraud?

Accepted Answer

Embezzling company funds

Answer

Offering employee training programs

Answer

Implementing a new marketing strategy

Answer

Participating in community service

Question 8

What principle is essential for maintaining ethical relationships with clients?

Accepted Answer

Honesty in communication

Answer

Promising unrealistic results

Answer

Prioritizing profit over client needs

Answer

Avoiding difficult conversations

Question 9

Which of the following best describes 'whistleblowing'?

Accepted Answer

Reporting unethical or illegal activities within an organization

Answer

Participating in team-building exercises

Answer

Filing for a promotion

Answer

Promoting company products

Question 10

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

Accepted Answer

To provide guidelines for ethical decision-making

Answer

To establish hierarchical control

Answer

To limit employee creativity

Answer

To increase profits at any cost

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