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Business Ethics Quiz

Authored by Arvie Rapio

Business

University

Used 3+ times

Business Ethics Quiz
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary responsibility of business according to Peter Drucker?

To maximize profits

To satisfy customer needs

To eliminate competition

To reduce costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a myth about business ethics?

Ethics and business do not mix

Good business means good ethics

Ethics is a personal affair

Profit is the only motive

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does moral reasoning in business provide?

A framework for legal compliance

A framework for resolving moral issues

A strategy for market dominance

A method for maximizing profits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the text, what is a common misconception about legality and morality?

All legal actions are moral

All moral actions are legal

What is legal may not necessarily be moral

Morality is defined by law

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the characteristics of a good moral standard?

It is flexible

It is based on personal beliefs

It is universally accepted

It is subjective

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the study of Business Ethics enhance in managers?

Technical skills

Market analysis

Human and interpersonal skills

Financial acumen

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason why people go into business?

To serve society

To avoid responsibility

To evade taxes

To create monopolies

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