Deck 5: Corporate Ethics and Management: Understanding Norms and Values in Business Functions and Decision Making Processes

Question 1

….......... seeks to determine norms and values

A)culture
B)normative science
C)value
D)none of these.

Answer 1

normative science

Question 2

….......... are the principles, which govern and guide business people to perform business functions

A)business ethics
B)code of conduct
C)all of these
D)none

Answer 2

business ethics

Question 3

….......... is the guiding principle for decision making in an economics based view of management

A)profit maximization
B)wealth maximisation
C)value maximization
D)none

Answer 3

profit maximization

Question 4

A ……………..is a written document, inspirational in contents and specify clearly what is acceptable or unacceptable behavior at workplace and beyond, when the employees represent their organizations outside.

A)code of conduct
B)business ethics
C)all of these
D)none of these

Question 5

….......... specifies methods for reporting violations, disciplinary action for violations and the structure of the due process to be followed

A)business ethics
B)code of ethics
C)all of these
D)none

Question 6

Which among the following are advantages of managing business ethics in the workplace?

A)cultivate strong team work and productivity
B)avoid criminal acts
C)lower fines
D)all of these

Question 7

A ……………..is a buzz word to employees to observe ethical norms and forms the basis for rules of conduct.

A)code of ethics
B)business ethics
C)all of these
D)none

Question 8

….......... would be charged with implementing and administering an ethical management programme.

A)top management
B)ethics management committee
C)middle management
D)none of these

Question 9

…......... term includes employees, customers, suppliers and the wider community

A)stock holder
B)stake holder
C)both of these
D)none of these

Question 10

Ethics in workplaces can be managed through the use of

A)codes of ethics
B)codes of conduct,
C)roles of ethics
D)all of these