Exploring Business Ethics Concepts

What is business ethics?

• Maximising profits

• Ensuring fair and moral practices

• Reducing costs

• Increasing market share

Which of the following is an example of business ethics?

• Exploiting labour for lower costs

• Providing misleading information to customers

• Ensuring safe working conditions

• Avoiding taxes

CSR stands for Corporate Social Responsibility. TRUE or FALSE?

• True

• False

Which of these is a benefit of good business ethics?

• Increased employee turnover

• Damage to company reputation

• Improved customer loyalty

• Higher legal costs

What is a potential consequence of unethical business practices?

• Enhanced brand image

• Legal penalties and fines

• Increased employee morale

• Better supplier relationships

One of these is an example of ethical business.

• Transparency

• Secrecy

• Deception

• Manipulation

What does a Code of Ethics do?

• To increase sales

• To provide guidelines for ethical behaviour

• To reduce production costs

• To enhance advertising strategies

Which of the following is an example of a conflict of interest in business?

• A manager hiring a qualified family member

• A company donating to charity

• A business offering discounts to loyal customers

• A supplier providing high-quality materials

What is the importance of ethical leadership in a business?

• To increase the number of products sold

• To set a positive example for employees

• To reduce the need for training

• To focus solely on profit maximisation

One of these is an example of ethical business culture?

• Encouraging competition among employees

• Promoting open communication

• Prioritising profits over people

• Ignoring employee feedback