Business Ethics - Seatwork 1

What is the term which describes the opportunity for shareholders and potential investors to openly observe companies' financial transactions?

• Code of Ethics

• Social Audit

• Transparency

• Philantrophy

Which of the following occurs when an individual or organization is involved in multiple interests, one of which could corrupt the motivation for an act in the other?

• Impropriety

• Multitasking

• Conflict of Interest

• Ethical Lapse

It is sometimes difficult to determine at the moment what is ethical and what is not because the idea of ethics is ________________

• a dynamic concept

• A fallacy

• A rigid concept

• An inappropriate guide

What type of companies do individuals tend to want to work for?

• ones in which ethical dilemmas are minimized

• one which displays no ethical track record

• ones in which there are pressures to act in an unethical way

• one which disregard environmental responsibility

The quality of making judgements that are free from discrimination or free from bias?

• Trust

• Fairness

• Opinion

• Accountability

Any person, company, or other institution that owns at least one share of a corporation stock.

• General Partner

• Limited Partner

• Sole proprietor

• Shareholder

A business organization in which two or more individuals manage and operate the business. Both owners are equally and personally liable for the debts from the business.

• Sole Proprietorship

• Partnership

• Corporation

• Franchise

A statement of rules for guiding the behavior of employees or members of an organization.

• Code of Ethics

• Business Ethics

• Social Reponsibility

• Conflict of Interest

The willingness of one person or group to have faith or confidence in the goodwill of another person, even though this puts them at risk.

• Empathy

• Courage

• Initiative

• Trust

Which of the following best defines a bribe?

• A legal contract between two parties to exchange services

• An unlawful offering of money or gifts to influence someone's actions

• A reward for completing a task within a specific timeframe

• A donation made to a charitable organization for public recognition