SGS Business 2.1.5 Ethics and Business

What are the benefits of a company being known as ethical?

• Impact on competitiveness
• Enhances reputation
• Value added
• All of these

What is a stakeholder?

• Someone who has an interest in the company
• Someone who eats lots of meat
• Someone who stabs people with sticks
• A vampire slayer

What does CSR mean?

• Company Social Reputation
• Computer Security Regulations
• Canine Secure Reality
• Corporate Social Responsibility

Moral principles by which people conduct themselves personally, socially, and professionally. 

• integrity
• ethics
• code of conduct
• social responsibility

Rules based on moral principles about how businesses and employees ought to conduct themselves. 

• Guidelines
• Employee Handbook
• Laws
• Business Ethics

Which of the following is NOT one of the three types of ethics?

• Environmental
• Personal
• Social 
• Professional

A shop or factory in which working are employed for long hours at low wages in unhealthy conditions. 

• School
• Post Office
• Sweatshop
• The Gym

A conflict between self-interest and a professional obligation. 

• Obligation
• Conflict of Interest
• Problem Solving
• Rule Enforcement

Which is NOT a step in the ethical decision making process?

• Identify the ethical problem
• Decide who will be affected
• Select the best alternative
• Choose the worst alternative

Businesses are socially responsible to all of the following groups except...

• Customers
• Owners/Creditors
• Vendors
• Employees