Business Ethics Quiz

What is business ethics?

• Laws governing business operations

• Guidelines for good behavior in business

• Financial management practices

• Business competition strategies

Which of the following is an example of ethical behavior in business?

• Providing false information to customers

• Treating employees fairly

• Ignoring environmental regulations

• Bribing officials for favors

Why is it important for businesses to act ethically?

• To maximize profits at any cost

• To build trust with customers and society

• To avoid paying taxes

• To eliminate competition

What should a company do if it finds out its product is unsafe?

• Ignore the problem

• Continue selling the product

• Recall the product and inform customers

• Reduce the price of the product

Which of the following practices is considered unethical?

• Transparent advertising

• Insider trading

• Fair wages for employees

• Environmental conservation

True or False: Ethics in business is only about following the law.

• TRUE

• FALSE

True or False: It is ethical for a business to exploit natural resources without considering the environmental impact.

• TRUE

• FALSE

True or False: Treating employees with respect is a part of business ethics.

• TRUE

• FALSE

True or False: Businesses should prioritize profit over ethical practices.

• TRUE

• FALSE

True or False: Misleading advertising is considered an unethical practice in business.

• TRUE

• FALSE