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WorksheetsEthics and Business Ethics Quiz
Total questions: 22
Worksheet time: 11mins
What is ethics?
beliefs about what is right or wrong
Rules or standards governing a profession
Elements of all of the above
What is business ethics?
behaviors by managers or employees.
believing what's right for one person is wrong for another.
conflicts of interest that develop between two co-workers.
What is the primary focus of corporate social responsibility?
Maximizing shareholder profits
Ensuring ethical practices and community welfare
Increasing market share
Which of the following best describes a conflict of interest?
A situation where personal interests could influence professional decisions
A disagreement between two employees
A difference in opinion on business strategy
What is the role of a code of ethics in a professional setting?
To provide guidelines for acceptable behavior
To increase company profits
To eliminate competition
What is the primary purpose of corporate social responsibility (CSR)?
To increase company profits
To ensure compliance with government regulations
To contribute positively to society and the environment
Which of the following is an example of ethical leadership?
Making decisions based solely on financial gain
Encouraging transparency and accountability
Prioritizing personal relationships over company policy
What is a whistleblower?
An employee who reports unethical or illegal activities within the organization
A manager who enforces company policies
A consultant hired to improve business processes
What is a Sole proprietorship?
What is a partnership?
The first step in the simplified three-step model for applying ethical judgments to situations that may arise during the course of business activities is to
determine the norms that relate to the situation.
determine the most appropriate moral values.
gather the relevant factual information.
determine the implications of breaching the activity or policy.
What is collateral?
What is selling shares of stock in a company for the first time to a general investing public called?
A share of ownership in a corporation is referred to as
Which of the following is a business considered by law to be a legal entity separate from its owners with many of the legal rights and privileges of a person?
A business is normally at its riskiest point during the ________ phase.
Venture capitalists
invest funds from professionally managed pools of investor money.
Entrepreneurs often have more than one goal for starting a business and becoming self-employed. Which of the following reasons is probably the least common goal of entrepreneurs?
to earn a comfortable living
to meet community and social status
A document that a firm uses to influence an individual's ethical behavior
A disadvantage of a corporation
Sarah is a marketing manager for a tech company. A month ago, she attended an exclusive conference sponsored by one of her key vendors, who covered all her expenses. Now, that vendor is encouraging Sarah to consider a larger contract with them for the upcoming project. Sarah feels a sense of obligation to comply because of the conference she attended. Sarah is involved in ...
What is the difference between illegal behaviour and unethical behaviour?
