Business Ethics and Social Responsibility Quiz

What is the primary focus of business ethics?

• Maximizing profits

• Obeying laws only

• Applying ethical behavior in business

• Minimizing costs

Which of the following is NOT a criterion for recognizing an ethical organization?

• Maximizing shareholder profits

• Making fairness a top priority

• Treating stakeholders fairly

• Holding members accountable

What does a code of ethics primarily outline?

• Employee behavior restrictions

• Company values and obligations to stakeholders

• Profit maximization strategies

• Legal compliance requirements

What is the first obligation of corporate social responsibility (CSR)?

• Ethical responsibility

• Legal responsibility

• Economic responsibility

• Philanthropic responsibility

How should organizations view laws according to CSR principles?

• As irrelevant to business operations

• As social goods to be respected

• As boundaries to be skirted

• As optional guidelines

What is the ethical responsibility of a corporation?

• To avoid any philanthropic activities

• To follow only the letter of the law

• To do what is right, even when not legally required

• To maximize profits at all costs

Which of the following best describes philanthropic responsibility?

• Contributing to society's projects independently of business

• Ensuring legal compliance in all operations

• Minimizing operational costs

• Maximizing shareholder value

What is the difference between a code of ethics and a code of conduct?

• A code of ethics is for employees only

• A code of conduct is more focused on values

• A code of ethics outlines company values, while a code of conduct focuses on employee behavior

• There is no difference; they are the same

What does corporate social responsibility emphasize?

• Only making profits

• Interacting ethically with the community

• Avoiding legal obligations

• Maximizing employee benefits

Which of the following is an example of ethical responsibility?

• Focusing solely on profit

• Minimizing employee wages

• Providing safe working conditions

• Ignoring environmental regulations