Business Ethics and Practices Assessment

The video discusses 15 common unethical business practices, categorized by their impact on consumers, employees, competitors, and shareholders. It highlights practices like false advertising, unsafe products, poor working conditions, discrimination, intellectual property theft, and insider trading. The video aims to raise awareness about these practices and their consequences.

What is the primary characteristic of an unethical business practice?

• It benefits all parties involved.

• It is always illegal.

• It involves deception or harm.

• It is universally agreed upon.

Which of the following is an example of false advertising?

• Offering a discount on bulk purchases.

• Selling a product at a high price.

• Advertising a product as low emission when it is not.

• Claiming a product is the best in the world.

What is a common consequence of selling unsafe products?

• Increased consumer trust.

• Legal action and recalls.

• Higher sales figures.

• Improved brand reputation.

How can poor working conditions affect employees?

• They lead to increased productivity.

• They enhance teamwork.

• They result in mental stress and exhaustion.

• They improve job satisfaction.

What is a potential downside of outsourcing?

• It can lead to job loss for existing workers.

• It improves product quality.

• It reduces company costs.

• It increases local employment.

Which practice involves taking another company's protected ideas?

• Outsourcing

• Intellectual property theft

• Bribery

• Monopolistic practices

What is a characteristic of monopolistic practices?

• They encourage competition.

• They are always legal.

• They reduce consumer prices.

• They involve market dominance.

What is insider trading?

• Trading stocks with a broker.

• Trading stocks based on public information.

• Trading stocks based on non-public information.

• Trading stocks during market hours.

What is a consequence of fraudulent accounting?

• Higher stock prices.

• Improved financial transparency.

• Increased investor trust.

• Legal penalties and loss of credibility.

Why is excessive executive compensation considered unethical by some?

• It creates income inequality within the company.

• It leads to higher company profits.

• It is determined by the free market.

• It is always illegal.