Question 1

What is Ethics to do with?

Accepted Answer

Ethics is concerned with right and wrong, and how we should behave in different situations.

Question 2

Which legislation relates to the concept of business ethics?

Accepted Answer

A

Question 3

A stakeholder orientation includes all of the following activities except:

Accepted Answer

A stakeholder orientation involves actively seeking out, considering, and responding to the information and needs of stakeholders. It includes generating data about stakeholders, assessing the firm's effects on them, and distributing this information throughout the firm to inform decisions. Minimizing the influence of stakeholder information contradicts the purpose of a stakeholder orientation, which aims to integrate stakeholder considerations into the firm's operations and decision-making processes.

Question 4

What type of justice exists if employees are being open, honest, and truthful in their communications at work?

Accepted Answer

Interactional justice relates to the quality of interpersonal treatment individuals receive when procedures are implemented, including being treated with dignity, respect, and sincerity, which encompasses being open, honest, and truthful in communications.

Question 5

Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:

Accepted Answer

Better environmental performance can lead to increased revenue by opening up new markets, differentiating products, and selling pollution-control technology, which can attract environmentally conscious consumers and partners.

Question 6

Atmospheric issues include all of the following except:

Accepted Answer

Water Quantity is not an atmospheric issue; it is related to the availability and distribution of water resources, not the atmosphere. Acid Rain, Global Warming, and Air Pollution are all atmospheric issues.

Question 7

Most companies begin the process of establishing organizational ethics programs by developing:

Accepted Answer

Codes of Conduct are typically the foundational step in establishing organizational ethics programs. They outline the principles and ethical standards that guide behavior within the organization.

Question 8

When a firm charges different prices to different groups of customers, it may be accused of:

Accepted Answer

The answer of When a firm charges different prices to...

Question 9

Successful global initiatives addressing standards for business must begin and end with:

Accepted Answer

Corporate governance and shareholder power are essential for ensuring that businesses operate in a responsible and sustainable manner.

Question 10

The social economy partnership philosophy emphasizes:

Accepted Answer

The social economy partnership philosophy emphasizes cooperation and assistance among organizations and individuals to achieve mutual economic and social goals, rather than focusing on profit maximization, competition, or restricting resources.

Question 11

Which of the following is a problem presented by ethics audits?

Accepted Answer

Selecting auditors for ethics audits can be challenging because it requires individuals who are not only skilled in ethical analysis but also perceived as impartial and trustworthy by all stakeholders.

Question 12

The first step in the auditing process should be to secure the commitment of:

Accepted Answer

The first step in the auditing process should involve securing the commitment of top executives and directors, as their support is crucial for ensuring access to necessary information and resources, and for implementing recommendations.

Question 13

____________ refers to a strategic process involving stakeholder assessment to create longterm relationships with customers, while maintaining, supporting, and enhancing the natural environment.

Accepted Answer

Green marketing involves strategies aimed at creating and maintaining sustainable relationships with customers, with a focus on environmental stewardship.

Question 14

A ________ _________ sets out the purpose and general direction for the organisation?

Accepted Answer

A mission statement sets out the purpose and general direction for the organization, outlining its core objectives and approach to reach those objectives.

Question 15

Which of the following would most effectively act as the primary objective of a business organization?

Accepted Answer

The primary objective of a business organization is to make a profit, as this enables it to sustain operations, grow, and fulfill its obligations to stakeholders.

Question 16

What is the purpose of a balanced scorecard?

Accepted Answer

The balanced scorecard is a strategic management tool that combines a range of qualitative and quantitative indicators to provide a comprehensive view of an organization's performance, beyond just financial measures.

Question 17

Which of the following does the term Corporate Social Responsibility relate to?

Accepted Answer

Corporate Social Responsibility (CSR) encompasses a wide range of practices that businesses undertake to contribute positively to society. This includes environmental practices to reduce their carbon footprint and pollution, ethical conduct in business operations, and ensuring human rights and fair employee relations are upheld. Thus, CSR relates to all the areas mentioned.

Question 18

Who are organisational stakeholders?

Accepted Answer

Organisational stakeholders include anyone who is affected by the activities and outcomes of a business. This includes employees (who work for the organization), customers (who buy products or services from the organization), and the government (which can regulate the organization's activities, receive taxes, etc.).

Question 19

What is Ethics to do with?

Accepted Answer

Ethics is fundamentally concerned with concepts of right and wrong behavior. It involves examining and understanding the moral principles that govern a person's or group's actions and decisions.

Question 20

'Ethics deals with the right actions of Individuals' Who said?

Accepted Answer

P F Drucker is the one who made the statement "Ethics deals with the right actions of Individuals," emphasizing the importance of ethical behavior in personal and professional contexts.

Quiz 2: Business Ethics and Corporate Responsibility

What is Ethics to do with?

Which legislation relates to the concept of business ethics?

A stakeholder orientation includes all of the following activities except:

What type of justice exists if employees are being open, honest, and truthful in their communications at work?

Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:

Atmospheric issues include all of the following except:

Most companies begin the process of establishing organizational ethics programs by developing:

When a firm charges different prices to different groups of customers, it may be accused of:

Successful global initiatives addressing standards for business must begin and end with:

The social economy partnership philosophy emphasizes:

Which of the following is a problem presented by ethics audits?

The first step in the auditing process should be to secure the commitment of:

____________ refers to a strategic process involving stakeholder assessment to create longterm relationships with customers, while maintaining, supporting, and enhancing the natural environment.

A _ sets out the purpose and general direction for the organisation?

Which of the following would most effectively act as the primary objective of a business organization?

What is the purpose of a balanced scorecard?

Which of the following does the term Corporate Social Responsibility relate to?

Who are organisational stakeholders?

What is Ethics to do with?

'Ethics deals with the right actions of Individuals' Who said?