Ethics in Business

What is the moral responsibility of parents?

• To raise their children and teach them right from wrong.

• To provide for their children's needs only.

• To ensure their children excel academically.

• To protect the environment.

What does determinism suggest about human actions?

• They are caused by prior conditions.

• They are completely free.

• They are influenced by luck.

• They are random.

What are the main principles of business ethics?

• Honesty and Transparency, Fair Treatment of Employees, Consumer Protection, Corporate Governance

• Profit Maximization, Employee Exploitation, Deceptive Marketing

• Environmental Pollution, False Advertising, Unfair Treatment

• None of the above.

What is Corporate Social Responsibility (CSR)?

• Ethical obligations of businesses toward social and environmental well-being.

• A strategy to maximize profits.

• A way to avoid legal issues.

• None of the above.

What is one benefit of practicing business ethics?

• Increased consumer trust.

• Higher employee turnover.

• Decreased investor confidence.

• None of the above.

What role does transparency play in business ethics?

• It increases competition.

• It reduces operational costs.

• None of the above.

• It builds trust with stakeholders.

How can businesses demonstrate their commitment to ethical practices?

• By implementing a code of conduct.

• By ignoring customer feedback.

• None of the above.

• By maximizing profits at all costs.

What is the significance of ethical leadership in an organization?

• It discourages employee engagement.

• It sets a positive example for employees.

• None of the above.

• It focuses solely on profit generation.

What is the impact of ethical marketing on consumer behavior?

• It leads to increased brand loyalty.

• It has no effect on consumer choices.

• It decreases customer satisfaction.

• None of the above.

How does a company's culture influence its ethical standards?

• It has no influence.

• None of the above.

• It can either promote or hinder ethical behavior.

• It only affects employee morale.