CH1- Business Ethics

What is the study of good and evil, right and wrong, and just and unjust actions in business?

• Philosophy

• Religion

• Business Ethics

• Law

Which theory of business ethics states that business actions are judged by the general ethical standards in society?

• Religion

• Moral Unity

• Culture

• Amorality

What are the major sources of business ethics?

• Science, Technology, Engineering, Mathematics

• Religion, Law, Culture, Philosophy

• History, Geography, Literature, Art

• Music, Drama, Dance, Painting

What is the main factor that influences ethical standards in a company?

• Individual Characteristics

• Corporate Culture

• Leadership

• Strategies and Policies

Which ancient Greek philosopher asserted that virtue and ethical behavior were associated with wisdom?

• Homer

• Socrates

• Aristotle

• Plato

What is the primary reason for caring about ethics in business?

• To create financial and marketing risks

• To avoid legal issues

• To promote unethical behavior

• To increase competition

What is the role of top management in building ethics in an organization?

• To discourage ethical behavior

• To avoid disciplinary action

• To ignore ethical standards

• To set an ethical tone

Which stage of human development emphasized peace over wars and valued industriousness?

• Technological Stage

• Agricultural Stage

• Hunting and Gathering Stage

• Industrial Stage

What is the main function of managers in creating competitive strategies in a company?

• To support dishonest achievement

• To build strong ethical rules

• To ignore financial goals

• To discourage employees

Which factor shapes business ethics in other countries based on historical experience, culture, philosophy, and religion?

• Economic Development

• Social Media

• Political System

• Cultural Experience