Business Ethics Quiz

What is the best definition of Business Ethics?

• Business ethics refers to the moral principles and values that guide the conduct and decision-making of businesses and individuals within them

• no legal compliance to encompass fair treatment of employees and customers, honesty, integrity, and responsible societal impact

• both of these

• none of these

Which describes the "State of confusion about what is ethically right or wrong".

• ethical dilemma -Competing values: A conflict can arise between two of your own deeply held values. For example, a person may value both loyalty and honesty, but be put in a situation where they must betray a friend to tell the truth.

• moral uncertainty - Uncertainty and complexity: In complex situations, such as those involving new technology or risk assessment, the ethical implications may not be clear. It can be difficult to apply moral principles because it is impossible to know the full consequences of any action.People often resolve this discomfort by justifying their unethical behavior rather than changing it

• moral ambiguity -this occurs when a person is faced with a difficult situation where two or more moral principles or values are in conflict, and neither option is completely acceptable. External pressures: Unethical requests from a manager or societal norms that clash with your personal beliefs can lead to significant moral distress.

  • Cognitive dissonance: This occurs when your actions are at odds with your moral beliefs, creating psychological discomfort.

• ALL OF THESE

Which out of these are benefits of ethics in business?

• High employee morale

• Good public image

• High employee turnover

• Low market reputation

A business that uses non-renewable resources such as crude oil is:

• Ethical

• Unethical

What is the definition of "ethical"?

• Taking the lowest cost option

• Taking the option that is morally right

• Taking the option that will gain you the most profits

Being ethical can:

• add value

• create a unique selling point

• increase market share

• put customers off

What question (s) should you ask yourself whenever you are faced with an ethical dilemma?

• Is it legal

• Is it balanced/fair

• Is it right

• All of these

In the long run, ethical integrity will keep customers coming back to a business.

• True

• False

A co-worker, Stacy, also runs a small business in her home. Several times a month she collects paper clips, post-it-notes, and other office supplies from the office to take to her home business. What action that Stacy could take represents an ethical decision?

• Stop taking the office supplies home for any reason

• Stop taking the office supplies home except once a month

• Take the office supplies home only if there are plenty of supplies at work

• Take the supplies home as long as they are in open packages

Kathy downloaded a few photos of local organic farms from Flickr.com's Creative Commons (CC). She follows the rules of the photographers' CC licenses and uses them in a digital video about sustainable agriculture. What she has done is legal.

• True

• False