WorksheetsBUSINESS ETHICS SUM 1
Total questions: 40
Worksheet time: 20mins
Which business type is a legal entity separate from its owners?
Sole proprietorship
Partnership
Corporation
Cooperative
What is the term for total earnings minus all business expenses?
Revenue
Profit
Investment
Capital
What identifies a sole proprietorship?
Public stock sales
Individual ownership
Permanent existence
Collective voting
Why is a shareholder’s liability labeled "limited"?
Tax exemptions
Ease of selling
Legal immunity
Fixed loss cap
Which of these is a disadvantage of a corporation?
High employment
Capital hurdles
Large output
Supply chains
What is the essence of accountability?
Hiring workers
Justifying actions
General honesty
Impartiality
What is the term for giving someone what they deserve?
Efficiency
Transparency
Fairness
Reporting
What are the three pillars of business ethics?
Profit/Loss/Ethics
Fairness/Accountability/Transparency
Hiring/Firing/Sales
Bidding/Reports/ROI
Open bidding for projects is an example of which principle?
Bias
Fairness
Accountability
Transparency
A treasurer repaying lost funds is a demonstration of:
Unfair treatment
Open reporting
Duty/Accountability
Subjective bias
What document sets rules for professional integrity?
Business Plan
Mission Statement
Code of Ethics
Social Audit
Who reports illegal acts to the authorities?
Stakeholders
Whistleblowers
Board members
Executives
What guides a person’s sense of right and wrong?
Principles
Vision
Procedures
Profits
How do Vision and Mission statements differ?
Future goals vs. current tasks
Company rules vs. penalties
Customer focus vs. managers
Past success vs. revenue
Why is ethics critical for long-term growth?
Bypassing laws
Maximizing profit
Protecting reputation
Preventing errors
What is the goal of a social audit?
Calculating tax
Checking climate
Product ads
Termination
Rewarding an employee who admits a mistake follows which advice?
Social auditing
Constructive action
Power sharing
Whistleblowing
Vision and Values statements both work to:
Discipline staff
Align behaviors
Audit finances
Hide issues
The "Four-Way Test" is primarily used as a:
Cost calculator
Ethical filter
Promotion tool
Ad strategy
Is a decision ethical if it harms the environment but helps owners?
Yes, profit wins
No, it lacks fairness
It is neutral
Yes, ignore ethics
Who is the "Gad-fly" who valued the examined life?
Plato
Aristotle
Socrates
Immanuel Kant
Which philosopher focused on motives over results?
Jeremy Bentham
Immanuel Kant
John Stuart Mill
Socrates
What is the term for happiness or fulfillment?
Aretê
Eudaimonia
Metaphysics
Utilitarianism
Utilitarianism says a right action must:
Obey legal codes
Aid personal gain
Benefit directors
Serve the majority
Aristotle believed business leaders should:
Maximize profits
Enforce laws
Develop people
Please owners
Plato argued that good people:
Need laws
Buy laws
Act responsibly
Ignore laws
How does an entrepreneur use the Socratic Method?
Risk avoidance
Constant inquiry
Blind obedience
Ignoring rivals
Kant and Utilitarians disagree on whether:
Joy exists
Laws matter
Motive or result matters
Profit is allowed
Recalling a faulty product because it is "right" follows:
Bentham
Aristotle
Immanuel Kant
John Stuart Mill
Closing one branch to save the rest follows:
Socrates
Utilitarianism
Plato
Aristotle
What is the Jewish record of oral laws?
Torah
Quran
Brahman
Talmud
What is banned in Islamic finance?
Paying wages
Charging interest
Legal contracts
Making profit
Which faith uses the five moral precepts?
Buddhism
Hinduism
Christianity
Judaism
"Mammon" in Christianity refers to:
Luxury taxes
Corrupting wealth
Fair contracts
Redemptive history
Hinduism’s "dharma" teaches that:
Luxury is key
Ethics > Wealth
End taxes
Manual labor
Buddhist "impermanence" teaches managers to be:
Rigid
Innovative
Environment-only
Careless
Which books define Jewish and Islamic law?
Talmud/Brahman
Bible/Precepts
Torah/Qur'an
Dharma/Mammon
Judaism and Hinduism both require:
Age-based pay
Hard labor
Fair, on-time wages
Non-cash pay
When a client faces bankruptcy, Islam suggests:
Raising rates
Quick exit
Compassion
Asset seizure
Paying a fair price for an undervalued item is:
Bad business
Christian justice
Price reporting
Dealing avoidance
