Business Ethics and Social Responsibility

Conflict between self financial interest and professional obligation is called?

• Being irresponsible

• Mixing business with pleasure

• conflict of interest

• being unprofessional

Which would describe the act of offering another money to agree to a business deal?

• Ethical behavior

• Unlawful bribery

• Conduct unbecoming

• Good business

An act of an employee exposing an employer’s wrongdoing to outsiders.

• Ethical Issue

• Plagiarism

• Consumerism

• Whistleblowing

If you work for an ethical, socially responsible company you will never be faced with an ethical issue or dilemma. 

• True

• False

Companies do not have to be socially responsible to whom?

• Customers

• Employees

• Owners/Investors

• Competitors

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

• Impact on competitiveness

• Enhances reputation

• Value added

• All of these

In the long run, ethical integrity will keep customers coming back to a business.

• True

• False

Without it, business will be a chaotic human activity because there will be no common understanding and agreement about what is the right and wrong human conduct.

another important aspect in business that needs _________is the manner is the manner in which business leaders and managers confront ethical issues and problems affecting the flow and dynamism of busniness activities.

Explain the importance of Ethics in Business (10 points)