Ethics Of Business Quiz

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Ethics Of Business Quiz - Quiz


You have come to face a hard quiz about ethics, ethics of business, morals, rights, etc. Let's see if you have such kind of knowledge or not. You are going to learn about many ethical terms and rules. Dive into the complex realm of ethical decision-making in the business world with our "Ethics of Business Quiz." This quiz will challenge your understanding of moral principles, corporate responsibility, and the intricate ethical dilemmas faced by businesses globally. Explore scenarios that delve into topics such as fair practices, corporate social responsibility, employee relations, and environmental impact.

Test your knowledge of the ethical Read moreframeworks that guide business conduct and navigate the fine line between profitability and ethical responsibility. Whether you're a business professional, student, or simply intrigued by the ethical dimensions of commerce, this quiz provides a thought-provoking journey into the principles that underpin responsible business practices.

Examine real-world cases, ethical theories, and emerging trends that shape the ethical landscape of contemporary businesses. Engage with the Ethics of Business Quiz and sharpen your insights into the critical intersection of morality and commerce.


Questions and Answers
  • 1. 

    Define morality

    • A.

      What is considered as correct within a society

    • B.

      Making the right decisions when there is a chance to do wrong

    • C.

      Defining what is right and wrong for an individual or a community

    • D.

      Where individuals have a conscious choice to make a right and ethical decision

    Correct Answer
    C. Defining what is right and wrong for an individual or a community
    Explanation
    The correct answer is defining what is right and wrong for an individual or a community. Morality refers to the principles and values that guide individuals and communities in determining what is right and wrong. It involves making ethical decisions and understanding the difference between right and wrong based on personal or collective beliefs and values. Morality helps establish a framework for behavior and guides individuals in making choices that align with their sense of right and wrong.

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  • 2. 

    What is business ethics?

    • A.

      The study of business situations, activities, and decisions where issues of right and wrong are addressed

    • B.

      Defined as decisions that organizations make on issues that could be considered right or wrong

    • C.

      Ethics that can be applied to an organization’s practices

    • D.

      Ethical processes businesses use in order to achieve a good ethical standard

    Correct Answer
    A. The study of business situations, activities, and decisions where issues of right and wrong are addressed
    Explanation
    Business ethics refers to the examination and analysis of various business situations, activities, and decisions that involve moral and ethical considerations. It involves evaluating whether certain actions or practices are right or wrong, and addressing any ethical dilemmas that may arise in the business context. Business ethics helps organizations make decisions that align with moral principles and societal expectations, ensuring that they operate in an ethical and responsible manner. By studying business ethics, individuals and organizations can gain a deeper understanding of the ethical implications of their actions and make informed choices that promote ethical behavior.

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  • 3. 

    Ethics & Law overlap. This is called…

    • A.

      Yellow area

    • B.

      White area

    • C.

      Black area

    • D.

      Grey area

    Correct Answer
    D. Grey area
    Explanation
    The term "grey area" is commonly used to describe situations where the boundaries between ethics and law are unclear or ambiguous. In these cases, it can be difficult to determine what is morally right or legally permissible. The grey area represents the overlap between ethics and law, where actions may not be explicitly illegal but may still raise ethical concerns. It signifies the complexity and nuance involved in navigating the intersection of these two domains.

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  • 4. 

    The UK’s economic model consists of...

    • A.

      Capitalism, non-profit, and environmental practices.

    • B.

      Communism, profit motive and ethical practices

    • C.

      Profitability, free market, and bureaucracy

    • D.

      Capitalism, the profit motive & a free market environment

    Correct Answer
    D. Capitalism, the profit motive & a free market environment
    Explanation
    The correct answer is capitalism, the profit motive & a free market environment. This answer accurately describes the UK's economic model. Capitalism refers to an economic system where private individuals or businesses own and control the means of production. The profit motive implies that individuals and businesses are driven by the desire to make a profit. A free market environment means that the market operates without significant government intervention, allowing for competition and the exchange of goods and services based on supply and demand.

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  • 5. 

    Spot the ethical company

    • A.

      Primark

    • B.

      Nike

    • C.

      The Body shop

    • D.

      Enron

    Correct Answer
    C. The Body shop
    Explanation
    The Body Shop can be considered an ethical company because it has a strong commitment to social and environmental responsibility. They are known for their efforts in promoting fair trade, using sustainable ingredients, and fighting against animal testing. The company has a clear mission to make a positive impact on society and has implemented various initiatives to support this goal. This sets The Body Shop apart from Primark, Nike, and Enron, which have faced controversies related to labor practices, environmental issues, and unethical business practices.

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  • 6. 

    Which is not a reason a business engages in business ethics?

    • A.

      To recover a company’s image after a notorious business scandal

    • B.

      To avoid the loss of a good corporate image or being sued for misconduct

    • C.

      To enhance global relationships

    • D.

      To enhance stakeholder relationships

    • E.

      To act with real commitment

    • F.

      To build corporate reputation

    Correct Answer
    C. To enhance global relationships
    Explanation
    Engaging in business ethics is important for a company to maintain a positive reputation and avoid legal issues. It also helps to build strong relationships with stakeholders and enhance the company's corporate reputation. However, enhancing global relationships is not specifically a reason for a business to engage in business ethics. While maintaining ethical practices may indirectly contribute to enhancing global relationships, it is not the primary motivation behind engaging in business ethics.

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  • 7. 

    Which isn’t a reason why business ethics are important?

    • A.

      The power and influence of business means it has the potential to inflict harm on society

    • B.

      Stakeholders increasingly demand ethical behavior

    • C.

      The continued occurrence of ethical infractions shows it’s needed

    • D.

      Ethical companies have been found to be more effective performers

    • E.

      Ethical companies are more likely to achieve government funding and local funds

    Correct Answer
    E. Ethical companies are more likely to achieve government funding and local funds
    Explanation
    Ethical companies are more likely to achieve government funding and local funds because governments and local communities are more inclined to support and invest in businesses that demonstrate responsible and ethical practices. This support can come in the form of grants, subsidies, tax incentives, and other financial resources. By prioritizing ethics, companies can build trust and credibility with stakeholders, including government entities and local communities, which can ultimately lead to increased financial support and resources.

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  • 8. 

    What are ethical theories?

    • A.

      Ethical theories are the conduct that should be followed in order to have good ethical practices

    • B.

      Ethical theories are the rules and principles that determine right and wrong for any given situation

    • C.

      Ethical theories are ancient hypothesis’ on how to create good business practice

    • D.

      Ethical theories give guidelines on how to achieve a good corporate image

    Correct Answer
    B. Ethical theories are the rules and principles that determine right and wrong for any given situation
    Explanation
    Ethical theories are frameworks that provide rules and principles to determine what is morally right and wrong in various situations. These theories guide individuals and organizations in making ethical decisions and conducting themselves in an ethical manner. They help to establish a moral compass and provide guidelines for evaluating actions and behaviors. By following ethical theories, individuals and organizations can strive to maintain high ethical standards and promote good moral practices in their personal and professional lives.

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  • 9. 

    Define ethical absolutism/cognitivism

    • A.

      Global, strict and absolute rules on right and wrong according to ethical conduct

    • B.

      Claims morality is context dependent and subjective, there are no universal right and wrongs that can be rationally determined

    • C.

      Right and wrong are objective and determined by the organization's culture

    • D.

      Claims there are eternal, universally applicable moral principles. Right and wrong are objective qualities.

    Correct Answer
    D. Claims there are eternal, universally applicable moral principles. Right and wrong are objective qualities.
    Explanation
    Ethical absolutism/cognitivism is the belief that there are eternal and universally applicable moral principles. It asserts that right and wrong are objective qualities that can be determined regardless of the context or subjective opinions. This perspective holds that there are strict and absolute rules governing ethical conduct, which are not influenced by individual or cultural factors. In other words, ethical absolutism/cognitivism argues for the existence of universal moral truths that can be rationally determined and applied in any situation.

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  • 10. 

    The absolutist/cognitive perspective divides into…

    • A.

      Ethical relativism/Non-relativism

    • B.

      Cognitivism/Non-cognitivism

    • C.

      Consequentialist/Non-consequentialist

    • D.

      External/Internal

    Correct Answer
    C. Consequentialist/Non-consequentialist
    Explanation
    The absolutist/cognitive perspective is divided into different categories, including ethical relativism/non-relativism, cognitivism/non-cognitivism, consequentialist/non-consequentialist, and external/internal. The correct answer, consequentialist/non-consequentialist, refers to the ethical theories that focus on the consequences or outcomes of actions versus those that consider other factors such as intentions or duties. Consequentialist theories believe that the morality of an action is determined by its consequences, while non-consequentialist theories argue that other factors, such as intentions or moral duties, should also be considered.

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  • 11. 

    Consequentialism/Teleological

    • A.

      A) Decisions are established based on previous consequences and result from past actions

    • B.

      Focuses on the outcomes/ consequence of ethical decisions, not on moral principles

    • C.

      Focuses on the intrinsic goodness or value of an action

    • D.

      Consequences of competitor actions determine your actions

    Correct Answer
    B. Focuses on the outcomes/ consequence of ethical decisions, not on moral principles
    Explanation
    This answer explains that consequentialism/teleological focuses on the outcomes or consequences of ethical decisions rather than moral principles. It suggests that the ethical decision-making process involves considering the potential outcomes and choosing the action that leads to the best consequences. This approach prioritizes the intrinsic goodness or value of an action based on its consequences rather than adhering to a set of moral principles. Additionally, it implies that the actions of competitors or others may influence one's own decisions, as the consequences of their actions can impact the overall outcome.

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  • 12. 

    Utilitarianism theory

    • A.

      According to utilitarianism, an action is morally right if it results in the greatest amount of good for the greatest amount of people affected by the action

    • B.

      According to utilitarianism, an action is morally right if it results in the most amount of good possible in the given situation

    • C.

      Is if you do a whole lotta good

    • D.

      According to utilitarianism, an action is morally right if it results in the least amount of negativity possible

    Correct Answer
    A. According to utilitarianism, an action is morally right if it results in the greatest amount of good for the greatest amount of people affected by the action
    Explanation
    The correct answer is a concise and accurate explanation of utilitarianism. It states that an action is morally right if it leads to the greatest amount of good for the greatest number of people affected by the action. This aligns with the core principle of utilitarianism, which prioritizes the overall happiness and well-being of the majority. By maximizing the positive consequences and minimizing negative outcomes, utilitarianism aims to promote the greatest overall welfare in society.

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  • 13. 

    Utilitarianism theories

    • A.

      Jeremy Bentham & John Stuart Mills

    • B.

      Jeremy Stuart Mills & John Mills

    • C.

      Jeremy Bentham & John Stuart Smith

    • D.

      Jeremy Stuart Mills & John Newton

    Correct Answer
    A. Jeremy Bentham & John Stuart Mills
    Explanation
    The correct answer is Jeremy Bentham & John Stuart Mills. Jeremy Bentham and John Stuart Mill were both influential philosophers who developed the concept of utilitarianism. Bentham is considered the founder of utilitarianism, and his principle of "the greatest happiness for the greatest number" forms the basis of this ethical theory. John Stuart Mill, a student of Bentham, further developed and refined the theory, emphasizing the importance of individual rights and the quality of happiness. Together, their ideas have had a significant impact on the field of ethics and continue to shape moral reasoning today.

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  • 14. 

    Divine command theory

    • A.

      “Do unto to competitors as you would have them do unto you”

    • B.

      "Do unto others as you would have them do unto you”

    • C.

      C) “Do unto to friends as you would have them do unto you”

    • D.

      “Thou must attend LAVA on a Wednesday”

    Correct Answer
    B. "Do unto others as you would have them do unto you”
    Explanation
    The correct answer is "Do unto others as you would have them do unto you" because it aligns with the principle of treating others with the same respect and kindness that you would like to receive. This principle is commonly known as the Golden Rule and is a fundamental aspect of many ethical frameworks, including the Divine command theory. It promotes empathy, fairness, and the consideration of others' well-being in our actions and decisions.

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  • 15. 

    Who invented ethics of duty

    • A.

      A) Wilson, H

    • B.

      Wilson, I

    • C.

      Kant, H

    • D.

      Kant, I

    Correct Answer
    D. Kant, I
    Explanation
    Kant, I is the correct answer because Immanuel Kant is widely known for his contributions to the field of ethics, specifically his theory of deontological ethics or the ethics of duty. Kant argued that moral actions should be based on a sense of duty and adherence to moral principles, rather than the consequences of those actions. His work in ethics has had a significant impact on the field and continues to be influential today.

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  • 16. 

    Ethics of duty – categorical imperatives

    • A.

      Universality - I ought never to act except in such a way as I can also will that my maxim should become a universal law Human Dignity - Act in such a way that you always treat humanity… Never simply as a means, but always at the same time as an end

    • B.

      Universality – I ought to always act in a way that will allow me to act within the universal law of Human Dignity – Act in such a way that you never treat humanity’s means as an end

    Correct Answer
    A. Universality - I ought never to act except in such a way as I can also will that my maxim should become a universal law Human Dignity - Act in such a way that you always treat humanity… Never simply as a means, but always at the same time as an end
    Explanation
    The answer is correct because it accurately summarizes the principles of universality and human dignity in the ethics of duty. The principle of universality states that one should only act in a way that they would be willing for their action to become a universal law. This means that the action should be applicable to everyone in all situations. The principle of human dignity emphasizes treating humanity as an end in itself, rather than simply as a means to an end. This means that individuals should be respected and valued for their inherent worth and not exploited or used solely for personal gain.

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  • 17. 

    John Locke’s Ethics of Rights

    • A.

      Right to life, liberty, justice and property

    • B.

      Right to life, safety and shelter

    • C.

      Right to safety, esteem, self-actualisation, and psychological needs

    • D.

      Right to life and justice

    Correct Answer
    A. Right to life, liberty, justice and property
    Explanation
    John Locke's Ethics of Rights is based on the idea that individuals have certain fundamental rights that should be protected and respected. These rights include the right to life, liberty, justice, and property. Locke believed that these rights are inherent to all individuals and should not be violated by others or the government. The right to life ensures that individuals have the right to live and be free from harm. The right to liberty allows individuals to make choices and pursue their own interests without interference. The right to justice ensures that individuals are treated fairly and equitably. Finally, the right to property allows individuals to own and control their possessions and resources.

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  • 18. 

    Who else loves their ethics of rights?

    • A.

      Sharpe

    • B.

      Sheridan

    • C.

      Shaw

    • D.

      Sempier

    Correct Answer
    C. Shaw
  • 19. 

    Ethics of justice

    • A.

      Innocent justice, Guilty justice, Intuitional justice

    • B.

      Retributive justice, Processes justice, Compliant justice

    • C.

      Innocent justice, Fraudulent justice, Negligent justice

    • D.

      Retributive justice, Procedural justice, Distributive justice

    Correct Answer
    D. Retributive justice, Procedural justice, Distributive justice
    Explanation
    The answer is Retributive justice, Procedural justice, Distributive justice. Retributive justice refers to the punishment of wrongdoers in proportion to their offenses. Procedural justice focuses on the fairness and transparency of the legal processes involved in resolving disputes. Distributive justice deals with the fair distribution of resources and opportunities in society. These three concepts are all related to the ethical principles and considerations involved in the administration of justice.

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  • 20. 

    Define Ethical Egoism

    • A.

      Look after no.1

    • B.

      Look after your business

    • C.

      Don’t let anyone’s ego affect your business decisions

    • D.

      Don’t let your ego get in the way of your business

    Correct Answer
    A. Look after no.1
    Explanation
    Ethical egoism is a moral theory that suggests individuals should prioritize their own self-interests and well-being above the interests of others. The answer "Look after no.1" accurately captures this concept by emphasizing the importance of self-care and self-preservation. It implies that individuals should prioritize their own needs and desires rather than sacrificing them for the sake of others. This aligns with the principles of ethical egoism, which advocates for individuals to act in their own best interests.

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  • 21. 

    Virtue Ethics…

    • A.

      Assume good businesses will make good decisions

    • B.

      Assume good governments will enforce good ethical practices on their businesses

    • C.

      Assume good persons will make good decisions and personal qualities affect decisions

    • D.

      Assumes good persons will make good decisions but it has nothing to do with personal qualities

    Correct Answer
    C. Assume good persons will make good decisions and personal qualities affect decisions
    Explanation
    This answer suggests that virtue ethics assumes that good persons will make good decisions and that personal qualities have an impact on these decisions. In virtue ethics, the focus is on the moral character of individuals and the development of virtuous traits, such as honesty, integrity, and compassion. It is believed that individuals with these positive personal qualities are more likely to make ethical decisions. Therefore, virtue ethics emphasizes the importance of personal qualities in decision-making.

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  • 22. 

    Plato’s Virtues

    • A.

      Wisdom, courage, self-control & justice

    • B.

      Confidence, motivation, & control

    • C.

      Happiness, goodness & love

    • D.

      Wisdom, confidence, happiness and justice

    Correct Answer
    A. Wisdom, courage, self-control & justice
    Explanation
    The correct answer is "Wisdom, courage, self-control & justice." Plato believed that these four virtues were essential for living a good and just life. Wisdom refers to the ability to make rational decisions based on knowledge and understanding. Courage is the willingness to face challenges and overcome fear. Self-control involves restraining one's desires and impulses. Justice is the principle of fairness and treating others with respect. These virtues work together to guide individuals towards a morally upright and fulfilling life.

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  • 23. 

    L. Kohlberg’s (1969) theory of Cognitive Moral Development

    • A.

      Post-conventional, conventional, pre-conventional

    • B.

      B) Unrealistic, realistic, similar

    • C.

      Past, modern, post-modern

    • D.

      Moral, ethical, ethical theories

    Correct Answer
    A. Post-conventional, conventional, pre-conventional
    Explanation
    Kohlberg's theory of Cognitive Moral Development proposes that individuals progress through three levels of moral reasoning: pre-conventional, conventional, and post-conventional. In the pre-conventional level, individuals make decisions based on self-interest and avoiding punishment. In the conventional level, individuals make decisions based on societal norms and expectations. In the post-conventional level, individuals make decisions based on their own ethical principles and values, even if they conflict with societal norms. Therefore, the correct answer is "Post-conventional, conventional, pre-conventional."

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  • 24. 

    Whistleblowing

    • A.

      Whistleblowers are employees of an organization that go beyond normal procedures & loyalty to their employer and report wrongdoing in the interest of the public good

    • B.

      Whistleblowers are employees that go beyond, their duties and expectation in order to highlight wrong within the organization

    Correct Answer
    A. Whistleblowers are employees of an organization that go beyond normal procedures & loyalty to their employer and report wrongdoing in the interest of the public good
    Explanation
    Whistleblowers are individuals who, despite their obligations and loyalty to their employer, choose to exceed normal procedures and report any misconduct or wrongdoing within the organization. Their actions are motivated by a desire to serve the greater good and protect the interests of the public.

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  • Current Version
  • Dec 18, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 27, 2011
    Quiz Created by
    Bcfcbenny11
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