Business Ethics Quiz- What is business ethics video

What is the best way to describe business ethics?

• The financial performance of a business

• The marketing strategies of a business

• The way a business makes profits

• Principles and standards that determine acceptable conduct in business

Why are principles and standards important in a business setting?

• To reduce costs

• To understand the rules of the game and acceptable behavior

• To improve marketing strategies

• To increase profits

What is one of the main challenges of business ethics?

• Reducing production costs

• Improving customer service

• Increasing sales

• Ensuring employees act in an ethical manner

Which of the following is NOT one of the three factors that influence business ethics?

• Financial performance

• Codes and compliance requirements

• Manager and co-worker influence

• Individual standards and values

What can shape an individual's standards and values?

• Product quality

• Marketing strategies

• Company profits

• Upbringing and family context

What is 'social proof' in the context of business ethics?

• Proof of social responsibility

• Looking to surroundings to determine acceptable behavior

• Increasing social media presence

• A type of financial audit

What can happen if an employee is in an environment where unethical behavior is common?

• They will report the behavior immediately

• They will leave the company

• They will always act ethically

• They may be influenced to engage in unethical behavior

What is the purpose of codes and compliance requirements?

• To establish rules for acceptable behavior

• To reduce costs

• To improve customer service

• To increase sales

Why is it important to address manager and co-worker influence?

• To prevent the spread of unethical behavior

• To increase profits

• To reduce production costs

• To improve marketing strategies

What makes ethics in the workplace complex?

• Different individual standards and values

• Uniform standards and values

• High profits

• Effective marketing strategies