Business Ethics MCQs | Business Ethics Short Questions and Answers
Questions
41
For referent power to be effective, what must exist between individuals in the relationship?
Answer: Empathy
42
To be successful, business ethics training programs need to:
Answer: educate employees on formal ethical frameworks and models of ethical decision making
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43
A high-commitment approach to environmental issues may include all of the following except:
Answer: Green-Washing
44
Stakeholders are considered more important to an organization when:
Answer: they can make use of their power on the organization
45
The ________ dimension of social responsibility refers to a business's societal contribution of time, money, and other resources.
Answer: Philanthropic
46
The four types of social responsibility include:
Answer: Legal, Philanthropic, Economic, And Ethical
47
Which of the following is an example of an area where business ethics apply?
Answer: Conduct of international operations
49
What is green washing?
Answer: Making a product appear more ethical that it really is
50
What is triple bottom line?
Answer: An accounting tool that looks at the impact on people, planet and profits
51
Why do alternative organizations run differently from conventional shareholder led approach?
Answer: They are run in non-hierarchical ways which aim to provide a positive impact on society rather than to make profit
52
What does and Ethical Foundation for an organisation embody?
Answer: The basic principles which govern the external and internal relations of the organization
53
A ________ _________ sets out the purpose and general direction for the organisation?
Answer: Mission statement
54
What is the purpose of a balanced scorecard?
Answer: To combine a range of qualitative and quantitative indicators of performance
55
What, according to Adam Smith, is the best way to promote collective interest?
Answer: Through everyone working on their own self-interest
