BUSINESS ETHICS - LOGIC

What does business ethics refer to?

• Maximizing profits at any cost

• Implementing appropriate business policies and practices

• Ignoring legal requirements

• Focusing solely on shareholder value

Which of the following is NOT mentioned as an issue in business ethics?

• Corporate governance

• Bribery

• Environmental sustainability

• Insider trading

What is generally frowned upon in business ethics?

• Going beyond legal requirements

• Doing the bare minimum

• Developing ethical models

• Building trust with customers

What can developing ethical models and practices boost?

• Market competition

• Employee turnover

• Legal loopholes

• Company's revenues and profits

What is a key aspect of business ethics?

• Establishing a code of conduct

• Prioritizing wealthier clients

• Maximizing short-term gains

• Avoiding all forms of regulation

In which decade did the concept of business ethics begin?

• 
  1950s

• 
  1970s

• 
  1960s

• 
  1980s

What was a hallmark of the 1960s regarding business ethics?

• Loyalty to employers

• 
  Increased focus on social issues

• 
  Decline in corporate responsibility

• 
  Focus on profit maximization

Which of the following was NOT a major ethics and compliance issue in the 1960s?

• 
  Technological advancements

• Civil rights issues

• Employee-employer tension

• Environmental issues

What movement began in the 1960s related to business ethics?

• 
  Corporate greed movement

• 
  Social responsibility movement

• 
  Environmentalism movement

• Consumerism movement

How did corporations begin to address ethics issues in the 1960s?

• Through marketing departments

• By establishing codes of conduct

• Through financial audits

• By ignoring the issues