Deck 15: Exploring Codes of Conduct and the Importance of Business Ethics

Question 1

Which of the following is not a 'Code of conduct' ?

A)Code of ethics
B)Code of practices
C)Code of behaviour
D)Code of management

Answer 1

Code of management

Question 2

Ethical executives abide by _______________ relating to their business activities.

A)laws
B)rules
C)laws, rules and regulations
D)None of the above

Answer 2

laws, rules and regulations

Question 3

________________ is a set of principles and expectations that are considered binding on any person who is member of a particular group.

A)Code of conduct
B)Code of ethics
C)Code of practice
D)Any of the above

Answer 3

Code of ethics

Question 4

Law is ___________________ of ethics.

A)No connection
B)Decodification
C)Codification
D)Visualisation

Question 5

Business ethics calls for avoidance of

A)Competition
B)Publicity
C)Monopoly
D)Self Interest

Question 6

Ethics has evolved with evolution of

A)Culture
B)Value
C)Moral
D)Society

Question 7

Business ethics relates to

A)Customers decisions
B)Government decisions
C)Society's decisions
D)An individual's or work group's decisions

Question 8

Morality means:

A)What is considered as correct within a society.
B)Making the right decision and avoid a wrong decision.
C)Defining what is right and wrong for an individual or a community.
D)It helps an individual to make an ethical decision.

Question 9

Business ethics is

A)The study of business situations, activities and decisions where issues of right and wrong are addressed.
B)Defined as decisions organizations make on issues that could be considered right or wrong.
C)Ethics that can be applied to an organization's practices for profit maximization.
D)Ethical processes businesses use in order to achieve a good ethical standard.

Question 10

"We wish to be good citizens of every community in which we operate." This is

A)Ethical Code
B)Political and Social Code
C)Legal Rule
D)Legal Act

Question 11

The study of ethics is divided into ______________ operational areas.

A)four
B)three
C)five
D)seven

Question 12

Business Ethics is a code of conduct which society should follow while conducting their social activities.

A)True
B)False
C)Partly true
D)None of the above

Question 13

Which statement is/are true?

A)Ethics is not synonymous to religious morality or moral theology.
B)Ethics is the principle that guide the human behaviour.
C)The terms 'ethics' and 'morality' are not synonymous terms.
D)All of the above

Question 14

Which of the following does not contribute to the development of a business enterprise's standard of ethics?

A)Competitors' behaviours
B)Society's norms and values
C)Life experiences of company's key persons
D)Environmental situations

Question 15

Business Ethics is a code of c onduct which businessmen should follow while conducting their

A)Special activities
B)Specific activities
C)Normal activities
D)None of the above

Question 16

Managers today are usually quite sensitive to issues of s ocial responsibility and ethical behavior because of___________.

A)Interest groups
B)Legal and governmental concerns
C)Media coverage
D)All of the above

Question 17

Which functional area in business ethics is ab out obeying and adhering to rul es and authority?

A)Ethics in finance
B)Ethics in production
C)Ethics in compliance
D)None of the above

Question 18

Holders of Public Office should promote and support the seven principles of public life by ___________ and prove to be example in whatever way they perform.

A)accountability
B)integrity
C)leadership
D)Honesty

Question 19

The relevance of ethics is in its

A)Principles
B)Understanding
C)Context
D)Application

Question 20

Which one of the following is not the seven principles of public life?

A)Selfishness
B)Objectivity
C)Content
D)Honesty

Question 21

For survival of business

A)to have guidance on ethics
B)it is always better to follow appropriate code of conduct to survive in the market.
C)need to obtain feedback from customers.
D)to have Governments support.

Question 22

Reasons why a " good understanding of business ethics" is i mportant, can be st ated as follows:

A)Healthy Competition
B)Conduct
C)Accountability
D)Application

Question 23

The main aim or objective of business is

A)to Increase in profit
B)consumer satisfaction
C)To become a business leader
D)creation of job opportunities

Question 24

Business Ethics helps to

A)create wealth
B)stop business malpractices
C)expand business
D)None of the above

Question 25

Business Ethics is also called as

A)Absolute Ethics
B)Permanent Ethics
C)Corporate Ethics
D)None of the above

Question 26

Following is not a Professional characteristics:

A)Competition
B)Character
C)Competency
D)Compensation