Quiz on Ethics

The word "ethics" is derived from the Greek word "ethos," which means:

• Rules

• Morality

• Character

• Law

Which of the following is not an objective of ethics?

• Accuracy

• Profitability

• Truthfulness

• Public Accountability

Ethics is best described as:

• A legal framework

• A compulsory law

• Systematising moral concepts

• Religious ideology

One of the main sources of ethics includes:

• Political campaigns

• Stock market

• Childhood upbringing

• Technology

Business ethics is primarily concerned with:

• Maximising shareholder profits

• Reducing operational costs

• Ethical principles in the business environment

• Legal loopholes in business

Who said, "The ethics of business is the ethics of responsibility"?

• Adam Smith

• Milton Friedman

• Raymond C. Baumhart

• Peter Drucker

Business ethics is voluntary, meaning:

• It is enforced by law

• It is imposed by consumers

• It is adopted by businesses willingly

• It is mandatory in every nation

One of the key principles of business ethics is:

• Maximise competition

• Hide internal information

• Honesty and Integrity

• Profit at any cost

A business that follows ethics tends to:

• Face more lawsuits

• Lose market share

• Build trust and credibility

• Reduce employee morale

One of the features of business ethics is:

• It is enforced by the judiciary

• It provides tax exemption

• It gives a code of conduct

• It eliminates market competition