Business Ethics Quiz

Which of the following best defines business ethics?

• Following company rules strictly

• Earning maximum profit

• Moral principles that guide business behavior

• Avoiding taxes

Ethical business practices lead to:

• Higher employee turnover

• Decreased customer loyalty

• Improved public image

• More legal battles

A whistleblower is someone who:

• Avoids responsibility

• Reports unethical or illegal activities within an organization

• Creates company policies

• Hires new employees

Which of the following is NOT a principle of business ethics?

• Honesty

• Fairness

• Profit maximization

• Respect for others

Corporate Social Responsibility (CSR) refers to:

• Earning profit only

• Legal obligations of the company

• Ethical obligation to contribute to society

• None of the above

Which one of the following is an unethical business practice?

• Fair wages to employees

• Transparent financial reporting

• Insider trading

• Green initiatives

The triple bottom line approach includes:

• Profits, Products, and People

• People, Planet, and Profit

• Planet, Profit, and Pricing

• People, Policies, and Procedures

A company that underpays its workers while reporting high profits is facing an issue of:

• Corporate strategy

• Operational efficiency

• Ethical governance

• Ethical imbalance

Which of the following is a sign of an ethical organization?

• Encouraging silence on wrongdoing

• Clear code of conduct

• Lack of training on ethics

• Rewarding unethical success

The main benefit of ethical business practices is:

• Avoiding all competition

• Building long-term sustainability

• Eliminating marketing needs

• Increasing short-term profits