MGT3533 Chapter 1 Ethics and Morality

Which Greek word is the origin of the term “ethics”?

• a) Ethnos
  
  
  

• b) Ethos

• c) Ethikon

• d) Ethesia

According to Velasquez, ethics is defined as:

• a) A personal belief of right and wrong

• b) The discipline that examines one’s moral behaviour or the moral standards of society

• c) Religious teachings on moral conduct

• d) Written codes of law

Which of the following best distinguishes ethics from morality?

• a) Ethics are personal feelings; morality is legal rules

• b) Ethics is moral values in action; morality is knowing right from wrong

• c) Morality is about religion; ethics is about business

• d) Ethics is stricter than morality

Which of the following is NOT a source of moral standards mentioned in the document?

• a) Early upbringing

• b) Socialization process

• c) Genetic inheritance

• d) Religious teachings

Which level is described as sometimes being “too slow to develop in new areas of concern”?

• a) Legality

• b) Morality

• c) Ethics

• d) Religion

In Islamic ethics, the primary foundations are:



d) Enlightened wisdom of Buddha

• a) Al-Quran and Sunnah

• b) Karma and Dharma

• c) Ten Commandments

• d) Enlightened wisdom of Buddha

Which of the following is a benefit of maintaining high business ethics?

• a) Reduced government oversight

• b) Short-term profit boost only

• c) Increased employee loyalty and long-term financial rewards

• d) Lower production costs

Ethical relativism is the theory that:

• a) Morality is universal and unchanging

• b) What is right depends on what a culture or society says is right

• c) Ethics is always based on religion

• d) Laws are more important than morals

Which of the following is NOT one of the three dimensions for effective business decision-making?

• a) Economic
  

• b) Legal

• 
  c) Moral
  

• 
  d) Political

Ethics and morality are exactly the same concept with no differences.

• True

• False