CHAPTER 1_BUSINESS ETHICS_0424

What is the definition of business ethics?

• a) The study of financial markets and investment strategies

• b) The application of ethical principles to business activities

• c) The process of maximizing profits at any cost

• d) The practice of monopolizing markets for corporate gain

How would you define business ethics?

• a) The pursuit of unfair advantage over competitors

• b) The systematic exploitation of natural resources

• c) The integration of moral values into business decision-making

• d) The avoidance of legal regulations for financial gain

What does the term "business ethics" refer to?

• a) Engaging in deceptive advertising practices

• b) Adhering to laws and regulations only when convenient

• c) Conducting business in an ethical and socially responsible manner

• d) Prioritizing profit above all else, regardless of consequences

What is a benefit of practicing business ethics?

• a) Increased risk of legal action

• b) Decreased employee satisfaction

• c) Enhanced corporate reputation

• d) Higher turnover of skilled employees

What is a positive outcome of implementing business ethics?

• a) Decreased productivity

• b) Lower customer loyalty

• c) Enhanced employee morale

• d) Reduced market competitiveness

What does FSGO stand for in the context of business ethics?

• a) Federal Sentencing Guidelines for Organizations

• b) Financial Services General Oversight

• c) Fair Standards and Governance Organization

• d) Fundamentals of Strategic Growth and Operations

What is the purpose of FSGO?

• a) To encourage unethical behavior in organizations

• b) To provide guidance on corporate tax regulations

• c) To establish standards for ethical business conduct

• d) To promote aggressive competition in the market

During which period did the field of business ethics experience a significant expansion and institutionalization?

• a) 1960s

• b) 1970s

• c) 1980s

• d) 1990s