Intro to Bus – Review

Which of the following is a written guide that outlines acceptable behavior within a business?

• Business Strategy

• Code of Ethics

• Marketing Plan

• Employee Handbook

The belief that businesses should contribute to the well-being of society is called:

• Profit Maximization

• Social Responsibility

• Business Expansion

• Strategic Planning

A business engaged in ethical labor practices would likely:

• Underpay workers

• Provide safe working conditions

• Ignore employee complaints

• Avoid sustainability efforts

Which of the following best describes corporate social responsibility?

• A company’s obligation to maximize profits

• The government’s role in regulating businesses

• A business’s commitment to ethical behavior and community well-being

• A strategy to reduce competition

If a company falsely advertises its product, it is violating which ethical principle?

• Transparency

• Fair Pricing

• Environmental Protection

• Employee Rights

A company that donates a portion of its profits to charity is practicing:

• Corporate Philanthropy

• Product Diversification

• Supply Chain Management

• Cost Minimization

What term describes an individual who exposes unethical or illegal practices within an organization?

• Shareholder

• Whistleblower

• Stakeholder

The practice of treating all employees fairly and equally is an example of:

• Business Ethics

• Profit-Driven Leadership

• Competitive Advantage

• Business Expansion

A company that produces environmentally friendly products and reduces waste is engaging in:

• Green Marketing

• Cost Cutting

• False Advertising

• Profit Maximization

Which of the following is NOT a key factor affecting ethical behavior in an organization?

• Individual morals

• Social influence

• Profit margins

• Opportunity for misconduct