WorksheetsBusiness Success Factors Worksheet
Total questions: 28
Worksheet time: 14mins
How might the combination of fairness, quality, team spirit, and honesty contribute to business success? (Select the best answer.)
They create a positive work environment and build trust, leading to long-term success.
They guarantee immediate financial profit.
They eliminate the need for competition.
They reduce the importance of customer satisfaction.
Which of the following is a key concept students are expected to familiarize themselves with, according to the learning objectives?
Ethical dilemma
Quantum mechanics
Supply chain logistics
Marketing strategies
Which societal aspect is highlighted in the learning objectives as impacting ethics in business?
Current trends in society
Ancient traditions
Technological inventions
Political campaigns
Why might a person experience difficulty in making a decision during an ethical dilemma?
Because there are conflicting moral values involved
Because the answer is always obvious
Because there is only one correct answer
Because there are no consequences to consider
Which step in the Four Step Approach to Solving an Ethical Dilemma requires analyzing potential ways of acting based on functional equivalence?
Step 1
Step 2
Step 3
Step 4
Why is it important to understand moral stakeholders’ ideas on morality?
To understand how similar or different their norms and values are compared to ours.
To force them to accept our norms and values.
To ignore their perspectives in decision-making.
To avoid ethical dilemmas altogether.
Which of the following is a key aspect of Step 3 in the analysis of potential ways of acting, based on functional equivalence?
Potential alternatives are assessed;
All alternatives are ignored;
Only one alternative is considered;
Alternatives are chosen at random;
According to the material, what is the basis for making an informed choice when solving an ethical dilemma?
Critical evaluation of possible alternatives
Following personal intuition only
Relying on majority opinion
Ignoring all alternatives
What is an ethical dilemma?
A situation of conflicting morality where a person explores how to act
A situation where there is only one clear moral choice
A scenario where laws are always followed
A case where personal interests never conflict with morality
What is the Industrial Revolution best described as?
The transition from monarchy to democracy
The sudden transition from manual production to machine production
The discovery of electricity
The rise of the internet
Which of the following was NOT a consequence of the Industrial Revolution mentioned in the material?
Urbanisation
Income inequality
Pollution
Universal healthcare
According to Wernaart (2021), what does urbanisation refer to?
The development in which people who live in rural areas move to urban regions on a large scale.
The process of making rural areas more agricultural.
The movement of people from urban to rural areas.
The increase in manual production in cities.
Which of the following was a significant development in the early 19th century regarding workers?
Emergence of laws that improved the conditions of workers
Complete elimination of poverty
Abolishment of all businesses
Introduction of universal basic income
How did the emergence of the working class relate to income inequality?
It highlighted the division between those living in poverty and those with great wealth
It eliminated the income gap entirely
It led to the immediate improvement of all workers' conditions
It resulted in the disappearance of business owners
Why did laws improving worker conditions emerge in the early 19th century?
To address the negative effects of income inequality and improve the lives of workers
To increase the wealth of business owners
To reduce the size of the working class
To promote the Malthusian trap
Which of the following is a direct consequence of industrialisation mentioned in the material?
Pollution emerged in the cities
Decrease in urban population
Decline in technological advancements
Reduction in cooperation between people
How did industrialisation contribute to the development of new ideas, according to the material?
By encouraging innovation and collaboration among people
By reducing the need for education
By isolating communities from each other
By limiting access to resources
Which of the following is a trend that has led to renewed attention in ethics in business?
Privatisation
Urbanization
Deindustrialization
Deregulation
How might economic and financial crises influence the focus on ethics in business? (DoK Level 3)
They can increase scrutiny on business practices and demand for ethical standards.
They always lead to less regulation and oversight.
They have no impact on business ethics.
They only affect small businesses, not large corporations.
Which of the following is NOT listed as a trend that led to renewed attention in ethics in business?
Globalisation
Changes in morality
Environmental pollution
Economic and financial crises
Which of the following best describes a night-watchman state?
A state with a large government that intervenes in all aspects of citizens' lives
A state with a small government that only intervenes when necessary and focuses on maintaining a safe and secure society
A state that provides extensive social welfare programs
A state that is run entirely by private companies
Compare the roles of government in a night-watchman state and a social welfare state. Which statement is correct?
Both states avoid any intervention in citizens' lives.
The night-watchman state is more active in welfare than the social welfare state.
The social welfare state is more active in ensuring citizens' welfare than the night-watchman state.
Both states focus only on economic growth.
Which of the following is a key characteristic of technological and digital products?
Simplicity in design
Complexity
Lack of innovation
Manual operation
Consider a company transitioning from traditional manufacturing to digitalised production. What strategic challenges might they face due to the complexity of technological and digital products?
Decreased need for skilled workers
Simpler product designs
Managing integration of new technologies and training staff
Reduced competition in the market
Which of the following is identified as a cause of changes in morality according to the material?
Digitalisation
Industrialization
Urbanization
Global warming
According to the material, what is one way morality is described in the context of society?
As a shared public issue
As a private matter only
As a legal requirement
As a financial asset
What is mentioned as a partial result of the unethical behaviour of companies?
Economic and financial crisis
Technological advancement
Increased employment
Environmental sustainability
Explain how changes in morality can be linked to economic and financial crises, based on the information provided.
Changes in morality, especially those influenced by digitalisation, can lead to unethical behaviour in companies, which may partially result in economic and financial crises.
Changes in morality always lead to technological progress, which prevents financial crises.
Economic and financial crises are unrelated to morality and are caused only by market forces.
Morality changes only affect individual behaviour, not companies or the economy.
