Quiz 2: Business Ethics

WHAT DOES CSR PRIMARILY FOCUS ON?

• Reducing business expenses

• Increasing short-term profits

• Business responsibilities toward society and the environment

• Expanding global markets

WHICH OF THE FOLLOWING BEST DEFINES BUSINESS ETHICS?

• Maximizing profits at all costs

• Moral principles that guide corporate behavior

• Following only legal requirements

• Prioritizing financial gain over employee welfare

WHAT PRINCIPLE OF BUSINESS ETHICS ENSURES COMPANIES PROVIDE TRUTHFUL INFORMATION TO CUSTOMERS?

• Consumer protection

• Honesty and transparency

• Fair treatment of employees

• Corporate governance

A COMPANY THAT DONATES A PORTION OF ITS PROFITS TO SOCIAL CAUSES IS PRACTICING WHICH AREA OF CSR?

• Community engagement

• Ethical labor practices

• Philanthropy

• Environmental sustainability

What is an example of a CSR initiative?

• A company reducing its carbon footprint

• A company paying employees below the minimum wage

• A company prioritizing profit over employee welfare

• A company using deceptive advertising

Companies practicing CSR can achieve sustainable success by aligning financial goals with social impact.

• CONSUMER TRUST

• INVESTOR CONFIDENCE

• LONG-TERM PROFITABILITY

• EMPLOYEE MORALE

• PHILANTHROPY

Investors are more likely to support companies with strong ethical standards.

• CONSUMER TRUST

• INVESTOR CONFIDENCE

• EMPLOYEE MORALE

• PHILANTHROPY

Fair treatment of employees increases job satisfaction and productivity.

• CONSUMER TRUST

• LONG-TERM PROFITABILITY

• EMPLOYEE MORALE

• PHILANTHROPY

Donating a portion of profits to charities and social causes.

• CONSUMER TRUST

• INVESTOR CONFIDENCE

• LONG-TERM PROFITABILITY

• PHILANTHROPY

Ethical businesses attract loyal customers and improve brand reputation.

• CONSUMER TRUST

• INVESTOR CONFIDENCE

• LONG-TERM PROFITABILITY