Business Ethics Quiz

Which of the following best defines business ethics?

• Laws that govern commerce

• The principles of right and wrong that guide behavior in the world of business

• Unwritten corporate norms

• Strategies to improve business profits

Which of the following is NOT a cause of unethical behavior in organizations?

• Poor leadership

• Ambiguous company policies

• Strong organizational culture

• Pressure to meet unrealistic goals

Business ethics primarily aims to:

• Maximize shareholder returns

• Increase organizational complexity

• Promote moral conduct in business activities

• Decrease competition

Values in business are important because they:

• Are outdated traditions

• Help achieve unethical objectives

• Provide a framework for consistent decision-making

• Replace company policies

An example of an ethical issue in business would be:

• Choosing an advertising slogan

• Deciding on the color of the company logo

• Insider trading and misrepresentation of financial data

• Expansion into a new market

The Utilitarian theory emphasizes:

• Following strict duties regardless of outcomes

• Personal benefit

• The greatest good for the greatest number

• Religious conformity

Ethical egoism holds that:

• One should act in ways that maximize overall happiness

• Moral behavior involves helping others

• Individuals should act in their own self-interest

• Decisions should be based on legal standards alone

Which theory focuses on the moral obligations or rules regardless of outcomes?

• Utilitarianism

• Ethical Egoism

• Ethics of Duties (Deontology)

• Stakeholder Theory

According to Stakeholder Theory, a business should:

• Focus only on shareholders

• Serve the interests of all parties affected by business activities

• Maximize profit at all costs

• Limit its social responsibilities

Lawrence Kohlberg's model is associated with:

• Economic development

• Stages of moral development

• Legal compliance

• Business expansion