Business Ethics and Capitalism Quiz

The video introduces core concepts in business ethics, exploring the historical evolution from feudalism to capitalism. It discusses the transition through the enclosures and the Industrial Revolution, highlighting the emergence of modern capitalism. The tutorial also covers key ethical questions in business, such as social responsibility and employee conduct, and examines the broader impact of globalization and capitalism on society.

What is the primary focus of business ethics as introduced in the tutorial?

• Maximizing profits for shareholders

• Understanding historical economic systems

• Exploring core concepts and definitions

• Analyzing modern economic policies

In the feudal system, who were the primary owners of the land?

• The kings

• The lords

• The merchants

• The peasants

What was a significant consequence of the enclosure system?

• Expansion of community land

• Dispossession of the peasant class

• Decline in global trade

• Increased power for peasants

How is a business defined in the context of capitalism?

• A physical building

• A group of employees

• An artificial person or concept

• A type of machinery

What is the role of an employee in a capitalist society?

• Owner of the business

• Seller of labor

• Shareholder

• Community leader

What marked the beginning of modern capitalism?

• The Industrial Revolution

• The Renaissance

• The Agricultural Revolution

• The Enlightenment

What is a key question in business ethics regarding stakeholders?

• How to address social responsibility

• How to reduce costs

• How to maximize profits

• How to increase market share

Who are considered stakeholders in a business?

• Only the employees

• Only the customers

• Employees, shareholders, and local community

• Only the shareholders

What ethical dilemma might an employee face in a business setting?

• Setting employee salaries

• Choosing a new product line

• Deciding on a marketing strategy

• Blowing the whistle on wrongdoing

What is a broader question about capitalism discussed in the tutorial?

• Is capitalism sustainable?

• Does capitalism help humans flourish?

• Is capitalism the only economic system?

• Can capitalism eliminate poverty?