Business Ethics Quiz_ Practice Paper

Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.

• Value, Subjectively, Organizations

• Value, Objectively, Actors

• Economic, Objectively, Actors

• Economic, Subjectively, Organizations

Which of the following statements regarding morality and ethics are correct?

• 1. Morality is concerned with norms, values and beliefs embedded in social processes

• 2. Ethics define what is right and wrong for an individual or community

• 3. Morality is concerned with the study of ethics and the application of reason to elucidate specific rules and principles

• 4. Ethical theories are the codification of rules and principles

Which of the three following factors characterise public sector organisations engagement with ethical issues?

• Informal organisational structure, Accountability to general public, Focus on employee and community issues

• Formal organisational structure, Accountability to shareholders, Focus on employee and community issues

• Informal organisational structure, Accountability to Shareholders, Focus on conflict of interests

• Formal organisational structure, Accountability to general public, Focus on conflict of interests

The following sentence describes the relationship between morality, ethics and ethical theory. Fill in the missing word. Ethics rationalizes morality to produce ethical _______ that can be applied to any situation.

An information and mobile technology company might call itself ethical because it... Please select all that apply.

• Ensures that its pricing practices are fair

• Protects children from harmful materials

• Provides philanthropic support for related causes (e.g. human rights).

• Manages and reduces its carbon emissions

Match the different types of organization with their different approaches to managing ethics.

According to Crane et al, globalization as defined in terms of the deterritorialization of economic activities is particularly relevant for business ethics, and this is evident in three areas – culture, law, and _______________.

There are clear regional differences in business ethics. Read the following statements carefully and decide which of the following is correct.

• In North America, the key actors in business ethics are government, trade unions and corporate associations. In Europe it is government and corporations, while in Asia it is the corporation.

• Key issues in business ethics in Asia are corporate governance and accountability. In North America they are misconduct and immorality in single decision situations. In Europe, key issues in business ethics are social issues in organizing the framework of business.

• In North America, the individual is responsible for ethical conduct in business, while in Asia it is social control by the collective and in Europe the responsibility lies with top management.

• In North America, a formalized multiple stakeholder approach is the dominant perspective on stakeholder management. Asia focuses on shareholder value, while Europe tends to take an implicit multiple stakeholder and benign managerialism approach.

Which of the following statements regarding stakeholder management approaches are incorrect?

• North American corporations tend to be smaller than their European counterparts and focus more on multiple stakeholders

• European, African and Asian models of capitalism tend to not be so dominated by shareholder value maximization compared to the North American approach

• North American companies and often managed by large executive and supervisory boards

• The Calvinist-Protestant religious tradition in Europe led to the rise of a distinctly different capitalist economic system.

Crane et al point out that inequality has become a major concern. Which is not a commonly discussed way in which firms may be part of the solution?

• The financial services industry may need substantial reform to restrict market agents.

• Lobbying may need to be curtailed,

• Firms might have to donate their profits

• Firms may need to cooperate with a strengthening of labour rights.