Which of the following is NOT a key component of business ethics?
Correct!
Wrong :(
Answer - a) Profit maximization
3
Which ethical principle emphasizes fairness and equal treatment for all individuals?
Correct!
Wrong :(
Answer - c) Justice
4
What is the term for a situation where a persons private interests conflict with their professional duties?
Correct!
Wrong :(
Answer - c) Conflict of interest
5
What is the primary purpose of a code of ethics within an organization?
Correct!
Wrong :(
Answer - c) To establish ethical standards
6
Which ethical theory suggests that the right course of action is the one that maximizes overall happiness?
Correct!
Wrong :(
Answer - c) Utilitarianism
7
Which of the following is NOT a stakeholder in a business?
Correct!
Wrong :(
Answer - c) Competitors
8
Which ethical theory focuses on the inherent moral character of individuals?
Correct!
Wrong :(
Answer - b) Virtue ethics
9
What is whistleblowing in the context of business ethics?
Correct!
Wrong :(
Answer - a) An employee reporting illegal or unethical behavior within the organization
10
Which of the following is NOT a dimension of corporate social responsibility (CSR)?
Correct!
Wrong :(
Answer - d) Political responsibility
11
Which ethical approach is based on the idea of duty and moral rules?
Correct!
Wrong :(
Answer - c) Deontology
12
What is insider trading?
Correct!
Wrong :(
Answer - a) Trading stocks based on non-public information
13
Which term refers to the practice of making a product look better than it actually is through deceptive advertising?
Correct!
Wrong :(
Answer - a) Greenwashing
14
What does the acronym CSR stand for in the context of business ethics?
Correct!
Wrong :(
Answer - a) Corporate Social Responsibility
15
Which of the following is NOT a step in the ethical decision-making process?
Correct!
Wrong :(
Answer - c) Ignoring consequences
16
What is the term for a businesss commitment to conduct its activities in an environmentally sustainable and responsible manner?
Correct!
Wrong :(
Answer - a) Green business
17
Which of the following is a common ethical challenge in international business?
Correct!
Wrong :(
Answer - a) Cultural relativism
18
In the context of ethical decision-making, what does utilitarian calculus involve?
Correct!
Wrong :(
Answer - a) Evaluating the consequences of an action on various stakeholders
19
Which term refers to the practice of intentionally designing products to fail after a certain period, leading to increased consumer demand for replacements?
Correct!
Wrong :(
Answer - a) Planned obsolescence
20
What does the triple bottom line in business ethics refer to?
Correct!
Wrong :(
Answer - a) Profit, people, and products
21
Which of the following is NOT a factor to consider when assessing the ethicality of a business decision?
Correct!
Wrong :(
Answer - a) Short-term profit
22
Which ethical principle suggests that individuals should act in a way that respects the rights and dignity of others?
Correct!
Wrong :(
Answer - c) Rights ethics
23
What is corporate governance?
Correct!
Wrong :(
Answer - b) The system of rules, practices, and processes by which a company is directed and controlled
24
Which term refers to the practice of offering gifts, money, or other incentives to influence the decisions of public officials?
Correct!
Wrong :(
Answer - b) Bribery
25
Which of the following is NOT a dimension of ethical leadership?
Correct!
Wrong :(
Answer - c) Profit maximization
26
What does confidentiality mean in the context of business ethics?
Correct!
Wrong :(
Answer - b) Keeping sensitive information private and secure
27
What term describes a businesss commitment to treating all employees fairly and without discrimination?
Correct!
Wrong :(
Answer - b) Equal opportunity
28
Which ethical theory suggests that individuals should act in a way that promotes their own self-interest?
Correct!
Wrong :(
Answer - c) Egoism
29
What is the term for a businesss adherence to legal and ethical standards in all of its operations?
Correct!
Wrong :(
Answer - d) Regulatory compliance
30
Which of the following is an example of an ethical dilemma in business?
Correct!
Wrong :(
Answer - a) Choosing between two equally profitable projects
31
What is the primary objective of business ethics education and training?
Correct!
Wrong :(
Answer - b) To promote ethical behavior
32
Which ethical theory emphasizes the importance of moral character and personal virtues?
Correct!
Wrong :(
Answer - b) Virtue ethics
33
What is the term for an individual who exposes unethical or illegal activities within their organization?
Correct!
Wrong :(
Answer - a) Whistleblower
34
Which of the following is a common ethical issue related to advertising and marketing?
Correct!
Wrong :(
Answer - a) Product safety
35
What is the practice of disclosing a companys financial information accurately and transparently to stakeholders?
Correct!
Wrong :(
Answer - a) Financial transparency
36
Which ethical theory suggests that ethical principles are relative and can vary from one culture or society to another?
Correct!
Wrong :(
Answer - c) Cultural relativism
37
What is the term for an organizations commitment to minimize its negative impact on the environment?
Correct!
Wrong :(
Answer - a) Environmental stewardship
38
Which term refers to the practice of disclosing false or misleading information to investors, potentially leading to financial losses?
Correct!
Wrong :(
Answer - b) Fraudulent reporting
39
What does corporate philanthropy involve?
Correct!
Wrong :(
Answer - b) Donating company profits to charity
40
Which ethical principle suggests that actions should be guided by principles that could be universally applied?
Correct!
Wrong :(
Answer - c) Deontology
41
What is the term for a situation where a business exaggerates the benefits of its products in advertising?
Correct!
Wrong :(
Answer - a) Misrepresentation
42
What does corporate culture refer to?
Correct!
Wrong :(
Answer - b) The shared values and behaviors within an organization
43
What is the term for the practice of hiring or promoting individuals based on factors unrelated to their qualifications and abilities?
Correct!
Wrong :(
Answer - d) Nepotism
44
What is the term for the unethical practice of copying or imitating a competitors product or design?
Correct!
Wrong :(
Answer - b) Industrial espionage
45
Which of the following is NOT a factor that can influence ethical decision-making in business?
Correct!
Wrong :(
Answer - d) Customer preferences
46
Which ethical principle emphasizes the greatest good for the greatest number of people?
Correct!
Wrong :(
Answer - b) Utilitarianism
47
What is the term for the practice of engaging in fair and honest competition within an industry?
Correct!
Wrong :(
Answer - d) Fair competition
48
Which of the following is NOT a common ethical issue related to supply chain management?
Correct!
Wrong :(
Answer - b) Product quality control
49
Which term refers to the process of evaluating the social and environmental impacts of a businesss operations?
Correct!
Wrong :(
Answer - c) Sustainability reporting
50
What does the acronym ESG stand for in the context of business ethics?
Correct!
Wrong :(
Answer - a) Economic, Social, and Governance
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Question. What is/Introduction of Business Ethics
Answer. Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.