Ethics

What is the primary focus of business ethics?

• Maximising profits at all costs
• Doing morally the right thing
• Minimising employee wages
• Avoiding government regulations

What is a common unethical practice in marketing?

• Targeting children with sugary drinks
• Promoting healthy eating habits
• Offering discounts to loyal customers
• Creating informative advertisements

Which of the following is an example of exploiting producers?

• Using local suppliers for products
• Paying fair wages for goods
• Offering unfair trade terms to farmers
• Supporting sustainable farming practices

What is a potential consequence of using zero-hour contracts?

• Increased employee satisfaction
• Improved employee retention
• Higher productivity rates
• Exploitation of employees

What might be a long-term effect of unethical behaviour on a business's profits?

• Increased customer loyalty
• Higher employee morale
• Potential loss of customers
• Improved public image

What is a potential downside of being ethical in business?

• It guarantees immediate customer loyalty.
• Increased costs may lead to lower profits.
• It eliminates competition.
• It has no effect on business operations.

Which of the following is a misconception about ethical marketing?

• It focuses on honesty and transparency.
• It can lead to lower sales in some cases.
• It avoids targeting vulnerable populations.
• It is always more profitable than unethical marketing.

How can using Fairtrade impact a business's costs?

• It guarantees higher profits immediately.
• It has no effect on costs.
• It may increase costs due to fair terms.
• It typically reduces costs significantly.

Which of the following statements about ethical finance is true?

• It only focuses on reducing costs.
• It is irrelevant to business success.
• It attracts investors who prefer ethical companies.
• It guarantees higher profits without any risks.

How might ethical HR practices affect employee productivity?

• They create confusion among employees.
• They can lead to higher motivation and productivity.
• They typically lower productivity levels.
• They have no impact on productivity.