Biz Ethics Quiz 1

Which of the following statements is NOT true regarding law and ethics?

• Law is the institutionalization of ethics.

• Law equals ethics.

• The law does not cover every possible ethical issue outside the business.

• The law does not explicitly cover every possible ethical issue in business.

Which of the following statement is true regarding the importance of studying business ethics?

• Businesses can contribute positively to society.

• Businesses face a trust deficit.

• There is pressure on employees to compromise ethical standards.

• All of the above.

Large corporations have a/an _________ approach to business ethics.

• formal

• informal

• long-term

• short-term

Which of the following cannot be considered as a factor that differentiates small companies from larger companies in terms of their approach to business ethics?

• Lack of time and resources to focus on ethics.

• Autonomy and independence with respect to their responsibilities to other stakeholders.

• Complexity of their operations.

• A trust-based approach to managing ethics.

Which of the following is NOT true regarding ethics and morality?

• Morality precedes ethics.

• Ethics is the rationalization of morality.

• From ethics comes ethical theories.

• Ethics precedes morality.

Which of the following is NOT one of the three pillars of sustainable development?

• Technology

• Environmental

• Economic

• Social

Which of the following is NOT an argument made by Milton Friedman with regards to CRS?

• Only human beings have moral responsibilities.

• Managers' responsibility is to act only in the interest of shareholders.

• Social issues comes under the mandate of the state.

• Corporations should use their power in a socially responsible manner.

Which of the following is NOT a benefit of CSR?

• More committed employees.

• Tax evasion.

• Enhanced brand reputation.

• Societal approval.

Which of the following is NOT one of the interrelated aspects of CSR according to the Carroll's CSR Model?

• Civil responsibilities

• Economic responsibilities

• Legal responsibilities

• Philanthropic responsibilities

Which of the following is NOT an outcome of CSR?

• Social policies

• Social programmes

• Social justice

• Social impacts