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Ethics in Business: A Critical Quiz

Authored by Min Tamang

English

Professional Development

Used 1+ times

Ethics in Business: A Critical Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of business ethics?

To maximise profits at any cost

To ensure fair treatment of all stakeholders

To comply with legal requirements only

To promote competition among businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of corporate social responsibility (CSR)?

Reducing employee wages to increase profits

Donating a portion of profits to local charities

Avoiding taxes through loopholes

Focusing solely on shareholder value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In ethical decision-making, which framework focuses on the consequences of actions?

Deontological ethics

Virtue ethics

Utilitarianism

Social contract theory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When analysing a business case study, what is the first step you should take?

Identify the stakeholders involved

Determine the financial outcomes

Assess the legal implications

Evaluate the marketing strategies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a conflict of interest?

A situation where personal interests could influence professional decisions

A disagreement between two business partners

A legal dispute over a contract

A competition between businesses for market share

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of ethical frameworks in business?

To provide a set of rules that must be followed

To guide decision-making processes

To eliminate all risks in business

To ensure compliance with government regulations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of corporate social responsibility?

Environmental sustainability

Ethical labour practices

Maximising shareholder profits

Community engagement

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