Music Business Quiz

Ethics in business primarily refers to:

• Reducing business costs

• Creating strict rules for staff

• Moral principles that guide decision-making

• Increasing customer base

What is the primary role of a business leader?

• To follow instructions from employees

• To avoid taking responsibility

• To guide and influence others towards a goal

• To focus only on profits

A transformational leader is best described as someone who:

• Focuses on short-term goals only

• Micromanages every detail

• Inspires and motivates employees towards change

• Ignores staff feedback

Which of the following is a trait of ethical leadership?

• Dishonesty

• Transparency

• Manipulation

• Indecisiveness

What does corporate social responsibility (CSR) involve?

• Maximizing profit only

• Reducing staff benefits

• Business efforts to improve society and the environment

• Avoiding government taxes

What type of leadership focuses on teamwork and shared responsibility?

• Autocratic

• Democratic

• Laissez-faire

• Transformational

Which leadership style gives total freedom to employees?

• Laissez-faire

• Democratic

• Bureaucratic

• Autocratic

A code of ethics is:

• A set of laws

• A marketing strategy

• A formal document that outlines ethical principles

• An employee punishment guide

Unethical behavior in business can lead to:

• Increased employee loyalty

• Higher profits

• Loss of reputation

• More innovation

What is a common challenge in ethical decision-making?

• Having too many resources

• Conflicts of interest

• Strict laws

• Over-motivation