Exploring Business Ethics Concepts

Which of the following best describes Corporate Social Responsibility (CSR)?

• The legal obligation of a business to maximise profits for shareholders

• The voluntary commitment of a business to contribute to sustainable economic development and act ethically

• The requirement for businesses to pay all taxes on time

• The process of hiring only local employees

Which of the following is an example of ethical decision making in business?

• Ignoring environmental regulations to save costs

• Reporting financial irregularities to the authorities

• Bribing officials to secure contracts

• Using misleading advertising to increase sales

What is the main goal of sustainability in business?

• Maximising short-term profits

• Ensuring long-term environmental, social, and economic health

• Reducing staff numbers to cut costs

• Expanding into new markets regardless of impact

Which of the following is a principle of fair trade practices?

• Paying suppliers as little as possible

• Ensuring fair wages and safe working conditions for producers

• Prioritising profit over people

• Ignoring the origin of raw materials

A conflict of interest occurs when:

• An employee is promoted based on merit

• A manager’s personal interests could improperly influence their professional decisions

• A company donates to charity

• An employee takes annual leave

Which of the following is NOT typically considered part of Corporate Social Responsibility?

• Reducing carbon emissions

• Supporting local communities

• Maximising executive bonuses

• Promoting diversity and inclusion

Which of the following best demonstrates ethical leadership?

• Setting unrealistic sales targets

• Encouraging transparency and accountability

• Ignoring employee feedback

• Focusing solely on financial results

Which of the following is a key benefit of adopting sustainable business practices?

• Increased short-term costs only

• Enhanced reputation and long-term profitability

• Decreased employee morale

• Reduced compliance with regulations

Which of the following is an example of a fair trade product commonly found in the UK?

• Bananas with the Fairtrade mark

• Locally produced bottled water

• Mass-produced plastic toys

• Synthetic motor oil

Which of the following actions could help prevent conflicts of interest in a business?

• Allowing employees to make decisions about contracts involving family members

• Requiring disclosure of personal relationships that may affect business decisions

• Ignoring potential conflicts

• Encouraging secret negotiations