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Unit 1 - Practical class 18 Feb 25 Quiz 2 Session 1

Authored by Anje Ntlabezo

Financial Education

University

Used 3+ times

Unit 1 - Practical class 18 Feb 25 Quiz 2 Session 1
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5 questions

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1.

OPEN ENDED QUESTION

45 sec • Ungraded

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2.

MULTIPLE CHOICE QUESTION

45 sec • Ungraded

Who will gain the LEAST if XYZ Corporation implements the AI technology to handle customer inquiries?

Management of XYZ Corporation

Customers

Employees of XYZ Corporation

Shareholders of XYZ Corporation

3.

OPEN ENDED QUESTION

3 mins • 2 pts

The AI will replace certain employees of XYZ Corporation that are currently employed to deal with customer inquiries. Discuss 2 ethical implications of these replacements.

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4.

MULTIPLE SELECT QUESTION

3 mins • 2 pts

Which two options describe Anna and James correctly in an ethical situation:

Although Anna makes bad investments, the Good that she is doing is far more important than the money she invests in her private time.

Making money from these bad investments goes against Anna's efforts to help the environment. She is sabotaging her own good efforts.

James is a friendly leader, but what happens inside his company doesn't match the good things he shows outside. His behaviour is hypocritical.

James can treat his workers any way he wants, since he is the CEO and the workers are free to find other work if they feel that conditions are unfair.

Answer explanation

Reasoning: Both Anna and James’ bad actions cause harm/ and someone/ something is put at an unfair disadvantage. But it is a complex moral situation. It is not as easy as either someone is a “good” person or a “bad” person. A person who is deemed “good” by others (based on their character or something else) can engage in an action that is considered “bad” and vice versa.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Police Official states that they feel insulted all the time. Which of the following options is the correct ethical thinking?

She is offended because the person has R3000 cash but ONLY offers them R190 and not more.

She is offended because the person offered them a bribe, which she thought was immoral and the wrong to do.

She is offended because the person tried to bribe the MEC, who is a very important government official.

She is offended because the person was arrested after offering the MEC a bribe.

Answer explanation

P7 Chapter 1 Ethics and the law: Both ethics and the law strive towards determining what is acceptable and responsible in human interaction and society. Actions that are both unethical and illegal as in the case of bribing government officials are unethical and illegal.

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