3.4.4 Business Ethics

3.4.4 Business Ethics

12th Grade

15 Qs

quiz-placeholder

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3.4.4 Business Ethics

3.4.4 Business Ethics

Assessment

Quiz

Business

12th Grade

Easy

Created by

James Thompson

Used 3+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Corporate Social Responsibility (CSR)?

A company's obligation to maximise profits for shareholders.

A company's commitment to manage the social, environmental, and economic effects of its operations responsibly.

A company's strategy to reduce costs by outsourcing.

A company's focus on increasing market share.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of ethical decision making in business?

Choosing to ignore environmental regulations to cut costs.

Implementing fair trade practices in sourcing materials.

Prioritising profit over employee welfare.

Engaging in deceptive advertising.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a stakeholder impact assessment?

To evaluate the financial performance of a company.

To assess the impact of business decisions on all stakeholders.

To determine the market value of a company's shares.

To analyse the competitive position of a company.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason for doubting CSR initiatives?

They always lead to increased profits.

They are often used as a marketing tool rather than a genuine effort.

They are mandatory for all businesses.

They have no impact on a company's reputation.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common trade-off between profit and ethics in business?

Increasing profits by reducing product quality.

Enhancing brand reputation by engaging in ethical practices.

Reducing costs by improving employee benefits.

Expanding market share by ignoring environmental concerns.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason for a company to engage in CSR?

To avoid paying taxes.

To improve its public image and brand reputation.

To reduce employee wages.

To increase short-term profits.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can ethical decision making benefit a business?

By reducing the need for employee training.

By fostering trust and loyalty among customers and employees.

By eliminating the need for marketing.

By decreasing production costs.

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