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BE2601/02 Lesson 3

A visually appealing illustration depicting ethical dilemmas in business, such as a balanced scale, a corporate office, and diverse people collaborating, symbolizing the importance of ethics in decision-making.

Ethics in Business Quiz

Challenge your understanding of ethical principles in business with our engaging quiz. This quiz covers various ethical frameworks and their applications in real-world scenarios to help you identify best practices in corporate responsibility.

Highlights of the quiz include:

Multiple-choice questions on key ethical concepts
Assessment of your knowledge on corporate ethics
Opportunity to enhance your understanding of moral responsibilities in business

10 Questions2 MinutesCreated by DecidingPath42

Qn 1

Relativism

Virtue Ethics

Utilitarianism

Universsalism

Egoism

Qn 2

Set the tone at the top execs

Involve those who have to live with it in writing the statement

Easy to understand and remember

Connect to the company's values and beliefs

Focus on hypothetical situations that may occur

Qn 3

Supplier raising prices

Loss of reputation

Govt fines & penalties

Employee Cynicism

Customer Defections

Qn 4

Which alternative will lead to the best overall consequences

Which course of action is most economically viable

What moral rights do the affected parties have?

Which course of action advances the common good?

Which course of action develops moral virtues?

Qn 5

Ethical responsibilities

Economical responsibilities

Basic responsibilities

Company responsibilities

Monetary responsibilities

Qn 6

Accommodative

Defensive

Proactive

Obstructionist

Complete

Qn 7

Understand all moral standards

Consider the legal requirements

Determine the economic outcomes

Evaluate the ethical duties

Understand all the business costs associated with failure

Qn 8

Compliance-based

Emotion-based

Logic-based

Integrity-based

Self-based

Qn 9

An unwillingness to take an ethical stand that may impose financial costs

Responding to the demands of the shareholders at the expense of other constituencies

Excessive emphasis on short-term revenues over longer-term considerations

Consideration of ethics solely as a legal issue or a public relation tool

Lack of clear procedures for handling ethical problems

Qn 10

Moral judgment, legal knowledge, civic disobedience

Moral character, moral judgment, civic disobedience

Moral awareness, moral judgment, moral character

Moral awareness, legal knowledge, moral character

Moral awareness, legal knowledge, civic disobedience

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