Ethics in Business Practices

This video covers the chapter on professionalism and ethics, defining ethical behavior and providing guidelines for making ethical decisions. It discusses unethical business practices like unfair advertising and bribery, and explains professional behavior in various contexts. Challenges to maintaining professionalism and ethics, such as tax evasion and misuse of funds, are also addressed.

What is the primary focus of the introduction to professionalism and ethics?

• Introducing the concept of ethical behavior

• Outlining business strategies

• Discussing the importance of legal compliance

• Explaining the role of human resources

Which of the following is NOT a guideline for ethical behavior?

• Fairness

• Profitability

• Impact

• Integrity

What does the guideline of 'non-maleficence' emphasize?

• Avoiding harm to others

• Ensuring fairness in all decisions

• Maintaining confidentiality

• Maximizing profits

Which of the following is considered an unethical business practice?

• Offering employee training

• Using misleading advertising

• Implementing a code of conduct

• Providing customer discounts

Why is paying less than the minimum wage considered unethical?

• It violates legal standards

• It reduces operational costs

• It increases company profits

• It enhances employee satisfaction

What is a key aspect of professional behavior?

• Regular attendance

• Arriving late to work

• Avoiding teamwork

• Ignoring company policies

How can professional behavior impact a business?

• It can lead to decreased productivity

• It can enhance business growth

• It can cause financial losses

• It can increase employee turnover

Which of the following is a challenge to maintaining ethical behavior in business?

• Encouraging teamwork

• Implementing a code of ethics

• Evading taxes

• Providing employee benefits

What is the impact of unauthorized use of company funds?

• It increases operational efficiency

• It is a challenge to ethical behavior

• It enhances company reputation

• It improves employee morale

Why is pricing goods higher in rural areas considered unethical?

• It benefits local suppliers

• It ensures fair competition

• It reduces transportation costs

• It exploits the lack of infrastructure