Quiz 3

One major benefit of ethics in business is:

• Short-tem profit maximization

• Decreased corporate reputation

• Increased consumer loyalty and trust

• More complex employee relationship

Ethical leadership in a company encourages which of the following?

• A closed and private work environment

• Fairness, responsibility, and openness

• Increased secrecy in management decisions

• Less accountability among employees

Which is a key financial benefit of maintaining strong ethics in business?

• Reduced customer base

• Improved competitive advantage and crisis resilience

• Decreased employee loyalty

• Limited access to sustainable business opportunities

A company with a strong ethical foundation is more likely to:

• Experience higher employee turnover

• Face frequent legal issues

• Navigate crisis more effectively

• Suffer from poor reputation

Ethics in business plays an essential role in:

• Reducing the company's market presence

• Building a trustworthy reputation and long-term success

• Promote exclusive profit-focused goals

• Limiting stakeholders interactions