Ethical practices

What are some common ethical issues that businesses face?

• None of the above

• All of the above

• Purchasing supplies that harm the environment and fixing prices with competitors

• Engaging in bribery and hiring child workers

Why do ethical dilemmas arise in businesses?

• Because laws are not clear on ethical issues

• Because consumers demand unethical products

• Because people have different moral codes and ethical standards

• Because businesses prioritize profits over ethics

What is the potential impact of ethical decisions on businesses?

• None of the above

• Increased business costs and lower profits

• Positive publicity and consumer support

What are the limitations of making ethical decisions for Company Y?

• Decreased consumer trust and loyalty

• Increased business costs and higher prices

• None of the above

What is the potential long-term impact of prioritizing ethical practices for businesses like Company Y?

• Increased consumer trust and loyalty

• Decreased consumer support and lower profits

• None of the above

Why is it important for businesses to consider the long-term consequences of exploiting child labor?

• Because it can lead to bad publicity

• Because it can have negative effects on the well-being of children and the society

• None of the above

What do businesses need to weigh when making ethical decisions?

• None of the above

• Both A and B

• The opinions of their competitors

• The financial implications of their decisions against the ethical considerations at hand

What is the potential outcome of businesses prioritizing ethical practices?

• Making a positive impact and gaining consumer trust and loyalty

• Facing legal consequences and losing investors

• Both A and B

• None of the above

What is the main goal of businesses according to some people?

• To engage in unethical activities for financial gain

• To make profits within the law

• To prioritize ethical practices over profits

• To follow the moral codes of society