Business Ethics Quiz

What is the primary role of government in business ethics?

• To regulate consumer behavior

• To issue and enforce laws

• To provide financial support

• To promote competition

What is a law?

• A recommendation from stakeholders

• A suggestion for business practices

• A rule made by a government

• A guideline for ethical behavior

What does regulation encompass?

• Consumer protection policies

• Corporate social responsibility

• Only laws and acts

• Rules governing business behavior

What is one ethical issue in business-government relations?

• Unfair competition

• Tax avoidance

• Supplier loyalty

• Consumer deception

What is the definition of a consumer?

• A business that manufactures products

• A person who sells goods

• A person or organization that buys goods

• An organization that provides services

Which of the following is an ethical issue related to consumers?

• Product safety

• Supplier negotiations

• Government regulations

• Corporate governance

What is a common ethical challenge in marketing?

• Ensuring product availability

• Creating consumer loyalty

• Misleading advertising

• Providing accurate information

What does ethical sourcing involve?

• Maximizing profits

• Ignoring supplier practices

• Incorporating social and environmental criteria

• Focusing solely on cost reduction

What is an example of overly aggressive competition?

• Fair trade practices

• Industrial espionage

• Collusion

• Price fixing

What is the purpose of fair trade?

• To maximize corporate profits

• To guarantee producers a living wage

• To promote aggressive marketing

• To reduce competition