Business Ethics Pretest

Front

You’re facing a tough situation and need to make the right decision. What can you use to guide you?

Back

Your personal code of ethics

Front

Both personal and business ethics begin with

Back

ethical principles.

Front

A business that focuses on making money is mainly concerned with what type of social responsibility?

Back

Economic

Front

Businesses are specifically obligated to

Back

stakeholders.

Front

What is most likely to occur when a business exhibits ethical behavior by being fair and honest?

Back

Goodwill

Front

Businesses should practice good ethics because it

Back

is the right thing to do.

Front

A business moves its facilities overseas to take advantage of lower taxes and labor costs. Many former employees say that this is unethical, but the business defends itself by saying that the action is

Back

not illegal.

Front

A business goes bankrupt because its president steals a large amount of money from investors. What is the reason this unethical behavior occurred?

Back

The action is committed by unethical employees.

Front

A company that behaves unethically might face which of the following consequences: Potential jail time, Decreased internal problems, Positive public image, Decreased competition

Back

Potential jail time

Front

Unethical business practices often result in

Back

decreased customer retention and increased financial risk.