Business Ethics and Practices Quiz

What is one of the primary focuses of business ethics?

• Maximizing profits

• Following legal requirements

• Doing what is morally right

• Reducing employee wages

Which company is mentioned as having high employee satisfaction due to ethical practices?

• Amazon

• Microsoft

• Google

• Starbucks

What does fair trade ensure for suppliers?

• They are paid the lowest possible price

• They are paid a fair price for their goods

• They are not paid at all

• They are paid in shares of stock

What can be a consequence of a business avoiding paying taxes?

• Improved public image

• Increased profits

• Negative press coverage

• Higher employee satisfaction

According to the video, what can ethical practices lead to in terms of business performance?

• Decreased customer loyalty

• Lower product pricing

• Improved brand image

• Legal issues

1. The quality of being open and honest about business practices and decisions.

• Transparency

• Green Marketing

• Marketing Ethics

• Sustainability

1. Individuals or groups that have an interest in the outcome of a business's actions, including employees, customers, suppliers, and the community.

• Stakeholders

• Target Audience

• Consumer Trust

• CEO

1. The obligation of businesses to act in the best interests of their environment and society as a whole.

• Ethical Dilemma

• Ethics

• Social Responsibility

• Brand Loyalty

1. The ability to maintain healthy environmental, social, and economic systems in balance.

• Sustainability

• Brand Loyalty

• Transparency

• Walking on thin ice

Ethical behavior in a company include the following.... select all that apply.

• Paying appropriate wages

• Ensuring employees are safe

• Asking uncomfortable questions in staff meetings

• Paying taxes