TOPIC 1 - INTRODUCTION TO BUSINESS ETHICS

Which of the following is INCORRECT about business?

• Business involves trading activities between buyer and seller

• Involve organized efforts and activities to produce and distribute goods and services for charity purpose.

• Business can be in the form of sole proprietorship, partnership or corporation

• Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants.

"A standard of values that involve a concept of right and wrong and guide the way a business behave."

This statement explains about:

• Laws

• Ethics

• Moral principles

• Business ethics

Choose two CORRECT statements on Islamic business ethics:

• Islamic business ethics separate between business activities and the act of worship (ibadah).

• Good ethical behaviour is a reflection of the Iman (faith).

• A Muslim acts ethically because he believes that all his actions will be judged on the Day of Judgement

• An action is ethical in Islam when you have good intention and therefore you can act in whatever behaviour that you like.

"Ahmad treated his worker fairly regardless of their background and races."

This example represent the principles of Islamic business ethics based on:

• Trust

• Truthfulness

• Justice

• Sincerity

Cendana Cosmetic use false testimonials as their marketing strategy.

Cendana Cosmetic has violated the principle of:

• Trust

• Truthfulness

• Benevolence

• Sincerity

The Prophet s.a.w said: "Allah doesn't look at your bodies nor your faces, but Allah looks at your hearts and your deeds."

This hadith represent the Islamic ethical principle of:

• Sincerity

• Fair

• Trust

• Truthfulness

Which of the following are CORRECT differences between ethics and law? (There are more than 1 answers)

• Ethics is a set of guidelines while law is a set of rules and regulations

• Ethics is expressed and published in writing while laws are abstract.

• Ethics is governed by the government while law is governed by individual or professional norms

• There is no punishment for violation of ethics while those who violate law will be punished

The conventional ethics include spiritual values beside material values.

• TRUE

• FALSE

Everything that is halal according to the shariah is considered as ethical in Islam

• TRUE

• FALSE

Based on the cartoon image, in your opinion, the male boss is a businessman who strictly supports ethical behaviour in the organization.

• Agree

• Disagree