Business ethics exam questions and answers. Business Ethics Quizzes Online, Trivia, Questions & Answers 2022-10-28
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Business ethics are the principles and values that guide the behavior of individuals and organizations in the world of business. These principles and values include honesty, integrity, fairness, and respect for others, and they are essential for building trust and maintaining good relationships with customers, employees, and other stakeholders.
Exam questions on business ethics might include scenarios that test your understanding of these principles and how to apply them in real-world situations. Here are some sample exam questions and answers on business ethics:
A company is considering using a new manufacturing process that would significantly reduce costs, but it is not clear whether the process is environmentally friendly. What should the company do?
Answer: The company should prioritize the well-being of the environment and the long-term sustainability of its operations. It should carefully assess the potential environmental impacts of the new manufacturing process and make a decision based on that assessment. If the process is found to be harmful to the environment, the company should look for alternative ways to reduce costs that do not compromise the well-being of the environment.
A salesperson is offered a commission for selling a product that they believe is defective and likely to cause problems for the customer. What should the salesperson do?
Answer: The salesperson should not sell the product if they believe it is defective and likely to cause problems for the customer. It is unethical for the salesperson to prioritize their own financial gain over the well-being and satisfaction of the customer. The salesperson should raise their concerns about the product's quality with their supervisor or the company's management and seek guidance on how to proceed.
A company is considering outsourcing some of its operations to a foreign country where labor laws are not as strict as they are in the company's home country. What should the company do?
Answer: The company should not outsource its operations to a foreign country if doing so would result in exploitation of workers or violation of their rights. It is important for the company to uphold high ethical standards and treat all employees, regardless of where they are located, with dignity and respect. The company should consider alternative ways to reduce costs and increase efficiency that do not compromise the well-being and rights of workers.
In conclusion, business ethics are essential for building trust and maintaining good relationships with customers, employees, and other stakeholders. Exam questions on business ethics may test your understanding of these principles and how to apply them in real-world situations. It is important to prioritize honesty, integrity, fairness, and respect for others in all business decisions and actions.
Business Law & Ethics
The doctor provided immediate medical care and sent Justin the bill afterwards. Duties of imperfect obligation are called: A. A high-commitment approach to environmental issues may include all of the following except: a. Most companies begin the process of establishing organizational ethics programs by developing: A. The ability to interpret and adapt successfully to different national, organizational, and professional cultures is called: a. Which of the following is not a driver of responsible competitiveness? We should not revolt against the State and produce chaos.
Bradley argues that each member has a particular station in society determined by his peculiar A. Men always seeks pleasure-this position is known as: A. Which among the following are advantages of managing business ethics in the workplace? However, he knows he can fix the mistake easily, without worrying the client. The first right of man is: A. Interested to advertise with us? They identify practices that need improvement. Which of the following would best describe customer relations? However, they are just guidelines that everyone is expected to follow.
300+ TOP Business ETHICS MCQs and Answers Quiz [Latest] 2023
An organization with business ethics automatically recognizes their social responsibilities and act accordingly, thereby benefiting society. However, to get the project started, we needed to get several approvals from many State Departments. By unspoken, we mean that the rules are not written down anywhere or dictated by anyone. The sacredness of life should be recognised in: A. One week later, the brakes of the car failed and the young man suffered a car crash that left him with several broken bones. Less than 15% of people remember the info the next day. Briefly Describe Some of the Business Ethics Issues You Have Observed Just like the typical problems in any society, the ethical issues in the business world are endless.
Business Ethics Multiple Choice Questions 1. Positive science deals with judgments of facts while ethics is concerned with judgments of: A. Having ways for people to voice concern is important for monitoring the effectiveness of your ethical programs and climate. It is not regarding the costs. Perfectionism is also called: A.
Download BUSINESS ETHICS AND CORPORATE GOVERNANCE (MBA 818) Past Questions, National Open University of Nigeria, Lagos
Why is this an example of tort law? Honestly, this is an ethical dilemma for me. Choose your answer to the question and click 'Continue' to see how you did. About Us Project Practical is a management and career blog that was created by business professionals. Every business organization and individuals have a social responsibility to act in a way that benefits the society as a whole. Truth, Beauty, and ————-are considered as the principles of philosophy. I believe that being part of the organization gives me a voice.
Business Ethics Final Exam Short Answer Questions Flashcards
He's the married father of three college-aged children. McDougall defines an instinct as ———————- psycho physical disposition A. Indian ethos is the outcome of ………. Every organization that wants to take ethics seriously and implement them in the business environment must first behave and embrace its core values. How Do You Handle a Situation Where Something is Not in compliance with the Ethical Standards? This can be achieved through ensuring that it is concise.
Business Ethics Exam Questions And complianceportal.american.edu
How Did You Handle It? Have You Ever Had the Challenge of Taking the Longer Route to Get Something Done to Adhere to the Ethical Standards? To detect fraud Answer: By the company act 2006 26. . Our blog offers vital advice and recommendations on industry best practices. According to Mackenzie the formal intention means the ——————-embodied in fact A. A leader should have …………. These ethics help the organization to fit and co-exist harmoniously with the society. All financial institutions, according to the Federal Trade Commission Safeguards Rule, must develop a security plan that does all of the following except 1 Designates one or more employees to coordinate the safeguard efforts 2 Partner with the Federal Trade Commission to access confidential data when needed 3 Designs and implements a safeguards program and regularly monitors and tests it 4 Selects appropriate service providers and makes them implement safeguards Issues that need to be addressed in the workers' rights policy include the type of monitoring that can take place within the firm, the type of information that may be collected pertaining to the employee, and the identification of what information would be considered private versus public.
Important Long Answer Questions in Business Ethics and Corporate Governance
Therefore, we followed due procedure. How Do You Make an Ethics Code Effective? Managerial ethics can be characterised by all of the following levels except a. They give me the necessary guidance. It is best to avoid complex sentences. Is vested with the democratic style of leadership a. Answer: the role of corporate governance and shareholder power in corporate decision making 14. Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can: a.