WorksheetsETHICS_CHP1
Total questions: 15
Worksheet time: 8mins
Which of the following best defines ethics, according to the Sarbanes-Oxley Act (2002)?
A set of financial regulations for public companies
The rules of conduct in a legal system
The study and philosophy of human conduct, with an emphasis on determining right and wrong
The enforcement of corporate tax compliance
According to Dan W. Brock (1977), moral philosophy involves:
Creating standard operating procedures for companies
Promoting customer satisfaction in professional settings
Writing legal codes for ethical business behavior
Inquiry into the nature and grounds of morality, including moral judgments, standards, and rules of conduct
What is the term defined as “the study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession”, according to The American Heritage Dictionary (2023)?
Professionalism
Law
Business conduct
Ethics
According to the Business Graduate Association (2024), business ethics refers to:
The principles, values, and standards that guide behavior in the world of business
Personal values unrelated to work
Employee motivation strategies
Legal obligations required by corporations
Which of the following best describes the economic responsibility in social responsibility?
Avoiding legal action and following the law
Making profits and satisfying the needs of investors
Supporting local charities and fundraising events
Promoting diversity in hiring practices
What does philanthropic responsibility in social responsibility refer to?
Required actions enforced by the legal system
Activities that focus only on customer satisfaction
Expected business practices that avoid harm
Desired actions that involve doing good deeds for society
What is the main goal of corporate social responsibility (CSR)?
To follow government tax rules
To maximize positive effects and minimize negative effects on society
To promote the company’s brand on social media
To reduce business costs only
What is an example of accounting fraud?
An employee shares good company news on social media
A company hides its debts to appear more profitable
A customer files a false complaint to get a refund
A supplier delivers goods late without informing the company
Which of the following is an example of insider trading?
An investor buys stocks after reading about a company's success in the news
An employee sells all their shares before the company’s bankruptcy is publicly announced
A broker suggests buying stocks to clients
A person buys shares randomly hoping to profit
What best describes deceptive advertising?
Selling products at a lower price than competitors
Offering a product in new packaging
Making false claims about a product’s effects to attract buyers
Advertising through social media only
What is the main issue with defective products?
The product is not popular among customers
The product is more expensive than others in the market
The product is unsafe or poor quality, but the company sells it anyway
The company changes the product color without notice
Business ethics help employees handle ethical problems they may face at work.
TRUE
FALSE
Promoting business ethics usually weakens teamwork and reduces productivity.
TRUE
FALSE
Business ethics only matter during good times, not in times of crisis or uncertainty.
TRUE
FALSE
Acting ethically improves a company’s image and can also benefit society
TRUE
FALSE
