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Business Ethics

Authored by Mariel Holgado

Other

11th Grade

Used 3+ times

Business Ethics
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are the functions of a Code of Ethics?

It can express a shared commitment on the part of a professional society’s members to strive and to satisfy certain ethical standards and principles.

It can help foster an environment in which ethical behavior is the norm.

It can serve as a guide or reminder in specific situations.

All of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a practice of fair treatment of workers at workplace?

Recreation facilities at the workplace.

Rights of workers to fairness and dignity.

Right of workers to have a share in company’s profit.

None of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ethical issues do not exist in accounting because the field involves primarily objective data.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the study and practice of decisions about what is good or right?

Law

Ethics

Morals

Business

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A businessman who owns a medical store in a small town is the only outlet that sells face mask. There is a great necessity and high demand for the use of the item due to COVID-19 pandemic, so he charges irrational amount of doubling the price. The community gets mad of the situation. This business practice is most likely:

Ethical because it is not illegal for the owner to set its prices based on maximizing profits.

Ethical because the owner focuses only on the impact of decisions on his business.

Unethical because business operates in a community and communities have expectations for behavior of individuals, groups, and businesses.

None of the above.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is considered an unethical business practice?

Treating employees fairly.

Selling a good quality product

Hiring the most qualified applicants for vacant positions

Buying substandard materials for production.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you think is the benefit of practicing good business ethics?

Low morale of employees

Lack of trust

High employee retention rate

Decrease in product sales

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