Business Ethics Quiz

What does business ethics entail?

• Following only legal requirements

• Going beyond legal requirements

• Maximizing profits at any cost

• Ignoring employee well-being

How can a business be more ethical towards employees?

• Providing unsafe working conditions

• Paying below minimum wage

• Ignoring employee satisfaction

• Offering fair wages and benefits

What is an example of fair trade in the transcript?

• Unethical sourcing of materials

• Exploitation of workers

• Child labor practices

• Fair prices for suppliers

What is the main focus of Lush's ethical buying policy?

• Avoiding fair trade practices

• Treating suppliers well

• Using unethical materials

• Exploiting suppliers

Why is paying fair share of taxes important for a business?

• To avoid legal consequences

• To exploit tax loopholes

• To maximize profits

• To maintain ethical reputation

Why did Starbucks face a public boycott in the UK?

• For avoiding tax payments

• For exploiting workers

• For unethical sourcing practices

• For paying fair share of taxes

How can businesses balance ethics and profits effectively?

• By ignoring ethical practices

• By maximizing profits only

• By charging premium prices

• By avoiding tax payments

How can businesses recoup the increased costs of ethical practices?

• By exploiting workers

• By charging premium prices

• By avoiding tax payments

• By reducing employee benefits

What are some financial benefits of being an ethical business?

• Negative brand image

• Decreased customer loyalty

• Unethical reputation

• Improved public opinion

What is the potential impact of not taking an ethical approach in business?

• Negative press coverage

• Increased customer loyalty

• Positive brand image

• Improved public opinion