Business Ethics and Social Responsibility

What is the primary focus of business ethics?

• Personal ethical issues

• Corporate social responsibility

• Legal compliance

Why is it important for businesses to consider ethical practices?

• To avoid legal consequences

• To gain competitive advantage

• To maximize profits

What is the significance of corporate social responsibility in business ethics?

• It is the primary focus of business ethics

• It is not relevant to business ethics

• It is a potential benefit of practicing business ethics

How does practicing business ethics contribute to long-term success?

• By avoiding legal consequences

• By maximizing short-term profits

• By gaining competitive advantage

What is the impact of ethical business practices on stakeholder relationships?

• It has no impact on stakeholder relationships

• It enhances trust and collaboration with stakeholders

• It leads to conflicts with stakeholders

Which is not a reason a business engages in business ethics?

• To recover a company’s image after a notorious business scandal

• To enhance stakeholder relationships

• To act with real commitment

• To enhance global relationships

Which isn't a reason why business ethics are important?

• The power and influence of business means it has the potential to inflict harm on society

• Ethical companies are more likely to achieve government funding and local funds

• 
  The continued occurrence of ethical infractions shows it’s needed

• Ethical companies have been found to be more effective performers

Which of the following is not a potential benefit of practicing business ethics?

• Enhancing stakeholder relationships

• Attracting government funding

• Improving company performance

What is the role of business ethics in enhancing company reputation?

• To attract more customers

• To improve employee morale

• To recover from a public scandal

A business's ethics determine whether or not an action is acceptable for that business, especially if the action

• affects the environment

• is illegal

• has a negative impact on others

• contributes to the business's profitability