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

Accepted Answer

A code of management is not typically referred to as a 'Code of conduct'. Codes of conduct generally include ethics, practices, and behavior guidelines.

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

Accepted Answer

Ethical executives are expected to follow all applicable laws, rules, and regulations that pertain to their business activities, ensuring compliance and integrity in their operations.

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

Accepted Answer

B

Question 4

Law is ___________________ of ethics.
A)No connection
B)Decodification
C)Codification
D)Visualisation

Accepted Answer

Law is considered a codification of ethics because it formalizes and enforces the moral principles and standards that guide behavior in society.

Question 5

Business ethics calls for avoidance of
A)Competition
B)Publicity
C)Monopoly
D)Self Interest

Accepted Answer

Business ethics promotes fair competition and discourages monopolistic practices that can harm consumer interests and the economy.

Question 6

Ethics has evolved with evolution of
A)Culture
B)Value
C)Moral
D)Society

Accepted Answer

The answer of 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

Accepted Answer

Business ethics primarily concerns the moral issues that arise in business environments, specifically relating to the decisions and actions of individuals or work groups within organizations.

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.

Accepted Answer

Morality refers to the principles that define what is right and wrong for an individual or a community.

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.

Accepted Answer

Business ethics involves examining business situations, activities, and decisions where moral issues of right and wrong are considered.

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

Accepted Answer

This statement reflects an ethical code, as it expresses a commitment to ethical behavior and social responsibility within communities.

Question 11

The study of ethics is divided into ______________ operational areas.
A)four
B)three
C)five
D)seven

Accepted Answer

The study of ethics is divided into four operational areas: metaethics, normative ethics, applied ethics, and professional ethics.

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

Accepted Answer

Business Ethics refers to the principles and standards that guide behavior in the world of business, not a code of conduct for society at large in their social activities.

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

Accepted Answer

All the statements are true. Ethics, while often informed by religious beliefs, is a broader concept that encompasses principles guiding human behavior beyond religious morality. The terms 'ethics' and 'morality' are related but not synonymous, as ethics refers to the system of principles that guide behavior, while morality is more about the differentiation of intentions, decisions, and actions between those that are distinguished as proper and those that are improper.

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

Accepted Answer

Competitors' behaviors do not directly contribute to the development of a business enterprise's standard of ethics. A company's ethics are primarily shaped by societal norms and values, the life experiences of its key personnel, and environmental situations, rather than by how competitors act.

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

Accepted Answer

Business Ethics refers to the principles and standards that guide behavior in the world of business. It applies to the conduct of individuals and entire organizations during their normal activities, ensuring that they operate in a manner that is fair, transparent, and beneficial to all stakeholders involved.

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

Accepted Answer

Managers are sensitive to social responsibility and ethical behavior due to pressures and scrutiny from interest groups, legal and governmental regulations, and media coverage, all of which can significantly impact an organization's reputation and operations.

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

Accepted Answer

The answer of Which functional area in business ethics is...

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

Accepted Answer

The answer of Holders of Public Office should promote and...

Question 19

The relevance of ethics is in its
A)Principles
B)Understanding
C)Context
D)Application

Accepted Answer

Ethics is relevant because it provides a framework for making decisions and taking actions that are consistent with our values and principles.

Question 20

Which one of the following is not the seven principles of public life?
A)Selfishness
B)Objectivity
C)Content
D)Honesty

Accepted Answer

The answer of Which one of the following is not...

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

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

Ethical executives abide by _______________ relating to their business activities.

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

Law is ___________________ of ethics.

Business ethics calls for avoidance of

Ethics has evolved with evolution of

Business ethics relates to

Morality means:

Business ethics is

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

The study of ethics is divided into ______________ operational areas.

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

Which statement is/are true?

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

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

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

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

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.

The relevance of ethics is in its

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