Business Ethics Final Review

What are business ethics defined as?

• Rules for financial management

• Professional standards of conduct based on moral principles

• Guidelines for marketing strategies

• Laws set by government agencies

Where are business ethics typically defined?

• In the national legal code

• By the employer in a "Code of Ethics" or an employee manual

• In personal belief systems

• In economic textbooks

What is the basis for making ethical choices?

• Legal standards

• Moral principles and values

• Personal preference

• Company profits

Can a choice be legal yet still be considered unethical?

• Yes

• No

Which of the following is an example of a legal but potentially unethical action?

• Stealing from a company

• Lying under oath

• Using company email for personal use

• Refusing to pay taxes

Which of the following is considered an unethical business practice related to employee rights?

• Offering training programs

• Discrimination

• Providing health benefits

• Awarding bonuses

Which of the following is an example of unethical use of company resources?

• Regular maintenance of equipment

• Personal use of company property

• Investing in technology upgrades

• Efficient use of office supplies

What is a common reason for unethical business practices related to employee feelings towards the company?

• High morale and excessive care for the company

• Low morale or lack of care for company

• Overstaffing in the company

• High job satisfaction

Which factor contributes to unethical business practices due to external pressures?

• Flexible work schedules

• Extreme pressure to meet schedules and deadlines

• Low customer expectations

• Adequate resources

How can inadequate employee training contribute to unethical business practices?

• Over-preparation for job roles

• Comprehensive understanding of company policy

• Inadequate training, background or explanation of company policy

• Excessive team collaboration