Business Ethics and Corporate Governance Quiz

What does the term "ethics" refer to?

• Laws of a nation

• Social etiquette

• Principles that define right and wrong behavior

• Corporate policies

Business ethics primarily focuses on:

• Government rules

• Legal acts only

• Moral principles in business operations

• Economic indicators

Which of the following is NOT a myth about business ethics?

• Business ethics is only a matter of personal opinion

• Good business means good ethics

• Ethics and profits are incompatible

• Ethical problems are only caused by bad people

A major cause of ethical problems in business is:

• Competitive advantage

• Excessive regulation

• Lack of clear ethical policies

• Globalization

One possible consequence of unethical business behavior is:

• Higher productivity

• Legal penalties and loss of reputation

• Improved customer trust

• Better financial performance

Utilitarianism is an ethical theory that suggests:

• Always follow the law

• Consider only one’s personal interest

• Maximize overall happiness or benefit

• Avoid actions that harm profits

Which ethical theory is focused on the character and virtue of the individual?

• Utilitarianism

• Virtue Ethics

• Egoism

• Deontology

The concept of corporate governance refers to:

• Marketing strategy

• Organizational behavior

• Systems that control and direct a company

• Tax planning

One essential element of good corporate governance is:

• Short-term goals

• Political lobbying

• Transparency and accountability

• Profit maximization

Corporate governance has evolved primarily due to:

• Technological changes

• Globalization

• Scandals and corporate failures

• Marketing failures