Business Ethics Quiz

What is the first step in ethical decision-making?

• Recognizing an ethical issue

• Ignoring stakeholders' opinions

• Implementing a solution

• Avoiding the problem

What does ethical issue intensity refer to?

• Legal consequences of the action

• Financial impact of the decision

• Number of stakeholders involved

• Perceived relevance of an ethical issue

Which factor influences ethical decision-making based on education and work experience?

• Age

• Nationality

• Gender

• Individual Factors

What is corporate culture in an organization?

• Set of values and beliefs shared by employees

• Top management hierarchy

• Marketing strategies

• Employee turnover rate

What is the role of significant others in ethical decision-making?

• Provide financial incentives

• Offer emotional support

• Influence daily decisions

• Enforce company policies

What does the opportunity factor relate to in ethical decision-making?

• Permitting ethical or unethical behavior

• Technological advancements

• Employee's salary

• Company's market share

What is the final step in the ethical decision-making process?

• Seeking advice from colleagues

• Analyzing the situation

• Ignoring ethical considerations

• Making a decision based on intentions

Which mode of strategic decision-making focuses on innovation and risk-taking?

• Entrepreneurial mode

• Adaptive mode

• Planning mode

• Mintzberg's mode

What is the purpose of using the ethical decision-making model in organizations?

• To avoid legal issues

• To gain insight into ethical decision-making

• To improve employee morale

• To increase profits

What is the significance of balancing moral philosophy with business knowledge in decision-making?

• It hinders the decision-making process

• It increases operational costs

• It ensures ethical considerations are prioritized

• It leads to conflicts within the organization