Deck 14: Ethics and Business Practices

Question 1

______________ is about obeying and adhering to rule and authority.

A)Ethics
B)Code
C)Conduct
D)Compliance

Answer 1

Compliance

Question 2

Which of the following is an unethical business practice?

A)Collusion
B)False Communication
C)Insider Trading
D)All of the above

Answer 2

All of the above

Question 3

Administrative corruption includes 'gifts' to the ___________

A)factory inspector
B)boiler inspector
C)pollution control board inspectors
D)All of the above

Answer 3

All of the above

Question 4

Business ethics is based on well accepted ____________

A)moral and social values
B)social values only
C)moral values only
D)none of the above

Question 5

Business ethics has a ____________ application.

A)universal
B)natural
C)practical
D)none of the above

Question 6

Business Ethics is _____________ in nature.

A)absolute
B)not absolute
C)permanent
D)none of the above

Question 7

The relevance of ethics is in its

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

Question 8

Business malpractice does not include

A)Black marketing
B)Adulteration
C)Advertising
D)Duplication

Question 9

Ethics refers to a ________ that guides an individual while dealing with others.

A)code
B)conduct
C)code of conduct
D)rules of conduct

Question 10

Ethics in compliance means

A)it is about obeying and adhering to rules and authority.
B)it deals with the moral principles behind the operation and regulation of marketing.
C)it deals with the duties of a company to ensure that pr oducts and production processes do not cause harm.
D)None of the above

Question 11

_________made it important for businesses to have an ethics code, something in writing about what one ought to do, and what to strive for.

A)The Ethics & Code Conduct Act, 2000
B)The Sarbanes-Ethics of Code Conduct Act, 2001
C)The Sarbanes-Oxley Act, 2002
D)None of the above

Question 12

Compliance is about obeying and adhering to _______________.

A)rules an authority
B)discipline
C)laws
D)All of the above

Question 13

An expert who is c onfidentially available to solve the e thical dilemmas is known as ______________.

A)Ethic coach
B)Ethics trainer
C)Ethics guide
D)None of the above

Question 14

Which of the following statements about business ethics is true?

A)It concerns the impact of a business activities on society.
B)It refers to principles and standards that determine acceptable behavior in the world of business.
C)It relates to an individual's values and moral standards and the resulting business decisions he or she makes.
D)What is ethical is determined by the public, government regulators, interest groups, competitors and individual's personal moral values.

Question 15

Feature that is NOT present in business ethics are-

A)It has universal application.
B)It is absolute in nature.
C)It depends from business to business.
D)It cannot be enforced by law.

Question 16

Following is not a professional characteristic:

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

Question 17

Ethics has become important because of

A)Globalization
B)Communication explosion
C)Both (A) and (B)
D)None of the above

Question 18

Corporate codes of ethics

A)are always externally audited.
B)create guidelines for employees to work by.
C)are always compliance bas

Question 19

The crucial step in understanding business ethics is

A)Establishing codes of ethics.
B)Learning to recognize ethical issues.
C)Having efficient operations.
D)Implementing a strategic plan.

Question 20

A set of principles and expectations that are considered binding on any person who is member of a particular group is known as

A)Code of ethics
B)Values
C)Ethics
D)None of the above

Question 21

The idea of business ethics caught the attention of academics, media and business firms by the end of the _______________ .

A)First World War
B)Second World War
C)Cold War
D)None of the above