Business Ethics MCQs | Business Ethics Multiple Choice Questions and Answers
Questions
2
What does Milton Friedman believe to be the sole responsibility of business?
Answer: The only social responsibility of business is to its shareholders
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3
What is the enlightened self-interest model of CSR?
Answer: That it is in an organization's own best interest to act in an ethical way
4
What does the importance of ethical behaviour, integrity and trust call into question?
Answer: The extent to which managers should attempt to change the underlying beliefs and values of individual followers
5
Which of the following would most effectively act as the primary objective of a business organisation?
Answer: To make a profit
6
Which of the following does the term Corporate Social Responsibility relate to?
Answer: All of the above
8
Which legislation relates to the concept of business ethics?
Answer: Freedom of Information Act
9
A stakeholder orientation includes all of the following activities except:
Answer: Minimizing The Influence Of Stakeholder Information On The Firm
10
A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
Answer: Ethical Issue
11
What type of justice exists if employees are being open, honest, and truthful in their communications at work?
Answer: Interactional
12
Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental performance can:
Answer: Increase Revenue
13
Atmospheric issues include all of the following except:
Answer: Water Quantity
14
Most companies begin the process of establishing organizational ethics programs by developing:
Answer: Codes Of Conduct
15
When a firm charges different prices to different groups of customers, it may be accused of:
Answer: Cultural Relativism
16
Successful global initiatives addressing standards for business must begin and end with:
Answer: the role of corporate governance and shareholder power in corporate decision making
17
The social economy partnership philosophy emphasizes:
Answer: Cooperation And Assistance
18
Which of the following is a problem presented by ethics audits?
Answer: Selecting auditors may be difficult
19
The first step in the auditing process should be to secure the commitment of:
Answer: Top Executives And Directors
20
____________ refers to a strategic process involving stakeholder assessment to create long-term relationships with customers, while maintaining, supporting, and enhancing the natural environment.
Answer: Green marketing
