BE2601/02 Lesson 3
Ethics in Business Quiz
Challenge your understanding of ethical principles in business with our engaging quiz. This quiz covers various ethical frameworks and their applications in real-world scenarios to help you identify best practices in corporate responsibility.
Highlights of the quiz include:
- Multiple-choice questions on key ethical concepts
- Assessment of your knowledge on corporate ethics
- Opportunity to enhance your understanding of moral responsibilities in business
Qn 1
Relativism
Virtue Ethics
Utilitarianism
Universsalism
Egoism
Qn 2
Set the tone at the top execs
Involve those who have to live with it in writing the statement
Easy to understand and remember
Connect to the company's values and beliefs
Focus on hypothetical situations that may occur
Qn 3
Supplier raising prices
Loss of reputation
Govt fines & penalties
Employee Cynicism
Customer Defections
Qn 4
Which alternative will lead to the best overall consequences
Which course of action is most economically viable
What moral rights do the affected parties have?
Which course of action advances the common good?
Which course of action develops moral virtues?
Qn 5
Ethical responsibilities
Economical responsibilities
Basic responsibilities
Company responsibilities
Monetary responsibilities
Qn 6
Accommodative
Defensive
Proactive
Obstructionist
Complete
Qn 7
Understand all moral standards
Consider the legal requirements
Determine the economic outcomes
Evaluate the ethical duties
Understand all the business costs associated with failure
Qn 8
Compliance-based
Emotion-based
Logic-based
Integrity-based
Self-based
Qn 9
An unwillingness to take an ethical stand that may impose financial costs
Responding to the demands of the shareholders at the expense of other constituencies
Excessive emphasis on short-term revenues over longer-term considerations
Consideration of ethics solely as a legal issue or a public relation tool
Lack of clear procedures for handling ethical problems
Qn 10
Moral judgment, legal knowledge, civic disobedience
Moral character, moral judgment, civic disobedience
Moral awareness, moral judgment, moral character
Moral awareness, legal knowledge, moral character
Moral awareness, legal knowledge, civic disobedience
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