WorksheetsBusiness Ethics and Social Responsibility
Total questions: 25
Worksheet time: 25mins
Industries should give protection to the consumers’ rights to be safe, to be informed, to select, and to be heard.
Responsibility to the General Public
Responsibility to Customers
Responsibility to Employees
Responsibility to Investors
Business must be truthful in disclosing their profits and financial standing to avoid deceiving investors.
Responsibility to the General Public
Responsibility to Customers
Responsibility to Employees
Responsibility to Investors
In a non-government office, it is very important because the appropriate information disclosure is necessary to inform donors about how their money is used by a certain organization.
Accountability
Transparency
Responsibility
Fairness
What's the definition of CSR?
its an activity engaged in a commercial or industrial business
Its a business responsibility towards society
its a process of keeping financial information
its a state of a healthy and positive manner
COMPANIES NEED TO MAKE SURE THAT THE COMPANY ITSELF IS PROFITABLE
ECONOMIC RESPONSIBILITY
LEGAL RESPONSIBILITY
PHILANTHROPIC RESPONSIBILITY
RULES AND PROCEDURES
THE DUTY OF BUSINESSES TO CONTRIBUTE TO THE WELL-BEING OF SOCIETY
SOCIAL RESPONSIBILITY
RULES AND PROCEDURES
BUILDERS
FINANCE
GOING ABOVE AND BEYOND ETHICAL RESPONSIBILITY MAKING AN EFFORT TO BENEFIT SOCIETY
PHILANTHROPIC RESPONSIBILITY
ETHICAL RESPONSIBILITY
RULES AND PROCEDURES
ECONOMIC RESPONSIBILITY
Identify the unethical behavior
Following code of ethics
Bribery and Corruption
Integrity
Accountability
Which one is a step for implementation of code of ethics?
Creating infrastructure
Get executive buy in and commitment to follow through
Working to improve the environment
Create a variety of ways to get income
what are some types of CSR?
Social
Economic
Philanthropic
all of the above
When staring up CSR what should be done to help decide the directions of the company?
Make decisions behind closed doors
Involve employees in the decision making process
Do not make consumers aware of your social goals
Keep excess funds to the company
A concept that corporations have an obligation to consider the interests of customers, employees, shareholders, communities, and ecological considerations in all aspects of their operations.
Corporate governance
Corporate Social Responsibility
Corporate culture
Social Responsibility
Which of the following does the term Corporate Social Responsibility relate to?
Environmental practice.
Ethical conduct.
Human rights and employee relations.
All of the above.
What is the primary focus of business ethics?
Maximizing profits
Ensuring legal compliance
Promoting moral principles
Expanding market share
Which of the following is a key component of social responsibility?
Profit maximization
Environmental sustainability
Market expansion
Cost reduction
What is the role of a code of ethics in a business?
To increase sales
To guide employee behavior
To reduce taxes
To improve product quality
Which of the following best describes corporate social responsibility (CSR)?
A marketing strategy
A legal requirement
A voluntary commitment
A financial obligation
What is the main goal of ethical business practices?
To gain competitive advantage
To build trust and reputation
To reduce operational costs
To increase shareholder value
Which of the following is an example of ethical behavior in business?
Insider trading
Transparent reporting
Tax evasion
Price fixing
What is the significance of stakeholder engagement in CSR?
To increase profits
To enhance brand image
To address stakeholder concerns
To reduce competition
Which of the following is a benefit of implementing CSR initiatives?
Higher employee turnover
Increased regulatory scrutiny
Improved public image
Reduced customer loyalty
What is the relationship between business ethics and corporate governance?
They are unrelated
Corporate governance enforces business ethics
Business ethics undermines corporate governance
They are mutually exclusive
Which of the following is a challenge in maintaining business ethics?
High employee morale
Conflicting interests
Strong leadership
Clear communication
What is the impact of unethical behavior on a business?
Increased customer loyalty
Enhanced brand reputation
Legal penalties and fines
Higher employee satisfaction
Which of the following is a principle of ethical leadership?
Authoritarian decision-making
Transparency and accountability
Profit-driven strategies
Short-term focus
