Corporate Governance and Business Ethics_Component Test

The basic justification of ethics is to ________________.

• Maximize profitability

• Behave according to agreed rules

• Build a commercial reputation

• All of the above

What are the benefits of a company being known as ethical?

• Impact on competitiveness
• Enhances reputation
• Value added
• All of these

What does CSR mean?

• Company Social Reputation
• Computer Security Regulations
• Canine Secure Reality
• Corporate Social Responsibility

What is Ethics to do with?

• Business

• The wider community

• Right and wrong

• Nothing

A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.

• Crisis

• Ethical Issue

• Indictment

• Fraud

State of confusion about what is ethically right or wrong.

(a)  

Write one Ethical characteristics you have

What is whistleblowing in the context of business ethics?

• Ignoring unethical or illegal activities within a company

• Participating in unethical or illegal activities within a company

• Promoting unethical or illegal activities within a company

• Reporting unethical or illegal activities within a company

How can a conflict of interest impact ethical decision making in a business setting?

• By promoting fair and impartial decision making

• By increasing transparency and accountability

• By leading to biased decision making

• By reducing the need for ethical considerations

Why is a business code of conduct important for an organization?

• To ignore legal compliance and ethical standards

• To encourage unhealthy competition and toxic work environment

• To discourage employee morale and productivity

• To set ethical standards, promote a positive work culture, and ensure legal compliance.