Business Ethics_Pre

In one word, what do you think about business ethics?

What is business ethics?

• Making as much profit as possible

• The principles and standards that guide behavior in the world of business

• Following company rules without question

• Working long hours to achieve goals

How would you handle a colleague taking credit for your work?

• Ignore it and move on

• Confront the colleague aggressively

• Discuss the issue calmly and seek a fair resolution

• Report it to HR without any discussion

What is a key component of ethical behavior in business?

• Maximizing personal gain

• Being fair and making decisions that benefit everyone

• Always following orders from superiors

• Working overtime without extra pay

What is the importance of transparency in business?

• It helps in building trust with stakeholders

• It is not necessary in business operations

• It can lead to confusion among employees

• It slows down decision-making processes

Why is it important for businesses to adhere to ethical standards?

• It is not important as long as profits are high

• It helps in building a positive reputation

• It leads to legal complications

• It discourages employee loyalty