Business Ethics 1stExam

Determining what is right or wrong action in a reasoned and impartial manner.

• Ethics
• Morality
• Integrity
• The Good

Business ethics are the ethical principles used in making good business decisions.

• True
• False

Employees who act ethically have the traits

• Honest, late, irresponsible, trustworthy
• Confidential, dependable, trustworthy, prompt.
• Get along with others, late, honest, respect others property

Utilitarianism says that the right thing to do is the thing that brings...

• money

• the greatest good for you

• fairness

• the greatest good for the greatest number

Behaving ethically means doing

• what your friends do.

• only what’s legal.

• the right thing.

• what benefits you the most.

Impact of good business ethics is...

• High turnover rate

• Good word of mouth from customers

• Increase in stock

• Logistics run smoothly

Which of the following are the example of unethical business practices?

• Follow rules and regulations

• Emphasize honesty in workplace

• Respect for Intellectual Property

• Misusing company time

He is best known for the Socratic method of question and answer. He is known for his classic philosophy, “HAVE THE COURAGE TO DISAGREE.”

• socrates

• confucius

• plato

• aristotle

• epicurus

Which of the following refers to the duty of a business to contribute to the well-being of a community?

• workplace diversity
• social responsibility
• code of ethics
• laws and regulations

Activities that individuals, groups, & organizations undertake to protect their rights as consumers.

• Ethical Issue
• Plagiarism
• Consumerism
• Whistleblowing