
Exploring Business Ethics
Quiz
•
Arts
•
12th Grade
•
Practice Problem
•
Easy
Dr. Shygil Joy 2519
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Corporate Social Responsibility (CSR)?
A marketing tactic to improve brand image.
Corporate Social Responsibility (CSR) is the commitment of businesses to contribute to sustainable economic development while improving the quality of life of the workforce, their families, the local community, and society at large.
A government regulation that mandates business practices.
A strategy for maximizing profits at any cost.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does ethical decision making impact business practices?
Ethical decision making leads to decreased employee morale.
Ethical decision making only increases costs for businesses.
Ethical decision making has no effect on business practices.
Ethical decision making positively impacts business practices by building trust, enhancing reputation, ensuring compliance, and promoting sustainability.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the key principles of sustainability in business?
Key principles of sustainability in business include environmental stewardship, social responsibility, and economic viability.
Reducing product quality for cost savings
Ignoring community impact
Maximizing short-term profits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define fair trade practices and their importance.
Fair trade practices discourage sustainable farming methods.
Fair trade practices only benefit large corporations.
Fair trade practices are primarily focused on increasing profits.
Fair trade practices are essential as they empower marginalized producers, promote sustainable development, and foster ethical consumerism.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What rights do consumers have in ethical business practices?
Consumers have the right to exclusive access to all products.
Consumers have the right to be informed, to choose, to privacy, to be heard, and to seek redress.
Consumers have the right to dictate business practices to companies.
Consumers have the right to unlimited refunds for any purchase.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can businesses demonstrate their commitment to CSR?
Implement sustainable practices, engage in community development, ensure ethical labor practices, and report CSR activities transparently.
Ignore environmental regulations
Focus solely on profit maximization
Limit employee benefits to reduce costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does transparency play in ethical decision making?
Transparency is crucial as it builds trust, promotes accountability, and ensures alignment with ethical standards.
Transparency is irrelevant to ethical decision making.
Transparency only complicates the decision-making process.
Transparency is primarily about sharing financial information.
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