Part 2 - Ethics & Business Ethics Test

What do businesses that follow ethical standards highly value in their employees?

• Creativity

• Integrity and honesty

• Efficiency

• Competitiveness

Why are ethics considered important in business practices?

• They ensure higher profits

• They attract more investors

• They are an integral part of business practices

• They reduce operational costs

Fill in the blank: Businesses Have A Responsibility to Keep People & the Environment _______

• Safe

• Profitable

• Competitive

• Expanding

What are some ways a business can fulfill its responsibilities to its customers?

• Providing high-quality products and services

• Ignoring customer feedback

• Reducing communication with customers

• Increasing product prices frequently

What is one of the responsibilities to employees that involves community engagement?

• Provide training programs

• Volunteer/help with the community

• Offer remote working options

• Conduct performance reviews

Which of the following is a responsibility of employers to ensure workplace fairness?

• Provide fair pay based on experience

• Offer stock options

• Schedule regular team meetings

• Implement automated systems

What is essential for employee success as mentioned in the responsibilities to employees?

• High salary packages

• Job skills and confidence levels

• Flexible work hours

• Health benefits

What is one of the responsibilities of businesses to society as mentioned in the learning material?

• To ensure they provide financial support to local communities

• To make sure they are not providing any products that are pollutants to the environment and harmful to people

• To offer the lowest prices possible to consumers

• To create job opportunities in every country they operate in

According to the learning material, what should not be done in relation to reporting profits to creditors?

• Report lower profits

• Do not report higher profits

• Report exact market value

• Increase investment returns

What is the primary role of the Food & Drug Administration (FDA)?

• Enforcing educational standards

• Protecting consumers from dangerous or falsely advised products

• Regulating financial markets

• Promoting agricultural development