Code Of Conduct And Business Ethics Quiz
(159).jpg "Code Of Conduct And Business Ethics Quiz - Quiz")
You need to take this code of conduct and business ethics quiz today to enhance your knowledge and revise what you already know about behaving ethically in a professional manner. Business ethics is a kind of applied ethics or professional ethics that examines ethical principles and moral or ethical problems. It applies to each and every aspect of business conduct and is relevant to the behavior of individuals and entire organizations. Let's start!
- 1.
Which of the following is not the responsibilities of an Employee?
- A.
Comply with the Code
- B.
Continously promote high standard of business conduct and ethics
- C.
Make Declaration of Compliance to the Code
- D.
Keep abreast with latest update
Correct Answer
B. Continously promote high standard of business conduct and ethicsExplanation
The responsibility of an employee is to comply with the code, make a declaration of compliance to the code, and keep abreast with the latest updates. However, continuously promoting high standards of business conduct and ethics is not specifically mentioned as a responsibility of an employee in the given options.Rate this question:
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- 2.
As part of Eco World's staff, we are committed to:
- A.
Safeguard Setia's brand and reputation
- B.
Treat everyone with respect and dignity
- C.
Exercise due care in representing
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The given answer "All of the above" is correct because it encompasses all the commitments mentioned in the statement. As part of Eco World's staff, they are committed to safeguarding Setia's brand and reputation, treating everyone with respect and dignity, and exercising due care in representing. This answer includes all the mentioned commitments, making it the correct choice.Rate this question:
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- 3.
What is Insider Trading?
- A.
Transaction made between employees in the same organization for personal benefits or for the benefits of others
- B.
Use or disclosure of price sensitive information for personal benefits or for the benefits of others
- C.
Approve a requisition, place an order, receive goods and approve invoice for payment made by himself or herself
- D.
Non-disclosure of information for personal benefit
Correct Answer
B. Use or disclosure of price sensitive information for personal benefits or for the benefits of othersExplanation
Insider trading refers to the use or disclosure of price sensitive information for personal benefits or for the benefits of others. This involves individuals who have access to confidential information about a company, such as employees, using that information to make trades in the stock market. By doing so, they gain an unfair advantage over other investors and can make significant profits. This practice is illegal as it undermines the fairness and integrity of the financial markets.Rate this question:
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- 4.
Employees are prohibited from receiving any form of payments, gifts, favor, or use of services or entertainment or gratuities given by third parties that may compromise our integrity or affect our business judgement. Which of the following topic in the Code covers the above? (i) Conflict of Interest (ii) Receiving and Giving Business Courtesy (iii) Business Dealings With Others (iv) Embracing Good Practice (v) Purchasing & Procurement
- A.
Iii, iv
- B.
I, ii, iii
- C.
I, iv, v
- D.
Ii, iii
Correct Answer
D. Ii, iiiExplanation
The correct answer is ii, iii. The given statement about employees being prohibited from receiving any form of payments, gifts, favor, or use of services or entertainment or gratuities given by third parties that may compromise our integrity or affect our business judgement is covered under the topics "Receiving and Giving Business Courtesy" and "Business Dealings With Others" in the Code. These topics address the ethical guidelines and standards for interacting with external parties and maintaining integrity in business relationships.Rate this question:
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- 5.
We are committed to work with the consultant to ensure product are delivered in a socially and environmentally responsible manner and ensure site waste is disposed in a proper manner. Which of the following topic covers the above statement.
- A.
Community Only
- B.
Community and Society
- C.
The Environment
- D.
Commitment on Behalf of Eco World
Correct Answer
C. The EnvironmentExplanation
The given statement emphasizes the commitment to delivering products in a socially and environmentally responsible manner and disposing of site waste properly. This indicates that the topic being covered is "The Environment."Rate this question:
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- 6.
All procurement and purchasing decision shall be made based on the Company's best interest. Which of the following is not the consierations to be taken when making such decisions:
- A.
Select the supplier whom offer the lowest price
- B.
Keep the information of all suppliers or vendor confidential
- C.
Getting quotation from more than one suppliers or vendors
- D.
Getting suppliers and vendors with good track record
Correct Answer
A. Select the supplier whom offer the lowest priceExplanation
Selecting the supplier who offers the lowest price is not a consideration to be taken when making procurement and purchasing decisions based on the company's best interest. While price is an important factor, it should not be the sole determining factor. Other considerations such as the quality of the products or services, the reliability of the supplier, their track record, and the overall value they provide should also be taken into account. Simply choosing the lowest price without considering these other factors could potentially result in poor quality, unreliable suppliers, and ultimately harm the company's best interest.Rate this question:
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- 7.
Which of the given options is not a form of ethical behavior?
- A.
Competetion
- B.
Deception
- C.
Loyalty
- D.
Fairness
Correct Answer
B. DeceptionExplanation
Deception is not a form of ethical behavior because it involves intentionally misleading or deceiving others, which goes against the principles of honesty, integrity, and respect for others. Ethical behavior is characterized by fairness, honesty, transparency, and respect for the rights and well-being of others. Competetion, loyalty, and fairness, on the other hand, can all be considered forms of ethical behavior as they involve fair and honest interactions with others.Rate this question:
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- 8.
Which of the following is nt part of the Ethics Checklist?
- A.
Is my decision/action driven by responsible professional judgement?
- B.
Does my action comply with the spirit of Eco World Policy and applicable law?
- C.
Woud I feel confident that Ic ould explain my decision if it were made public?
- D.
None of the answers given
Correct Answer
D. None of the answers givenExplanation
The question asks which of the options is not part of the Ethics Checklist. The options provided are "Is my decision/action driven by responsible professional judgement?", "Does my action comply with the spirit of Eco World Policy and applicable law?", "Would I feel confident that I could explain my decision if it were made public?", and "None of the answers given". The correct answer is "None of the answers given" because all of the other options are part of the Ethics Checklist.Rate this question:
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- 9.
What could be the possible action taken by the company should the employee solicit and accept bribes as specified in the Code?
- A.
Termination of employment
- B.
Issue warning letter
- C.
Reprimand
- D.
Legal Action
Correct Answer
A. Termination of employmentExplanation
If an employee solicits and accepts bribes as specified in the Code, the company could take the action of terminating their employment. This is because soliciting and accepting bribes is a serious violation of ethical and legal standards, and it undermines the integrity of the company. By terminating the employee's employment, the company sends a strong message that such behavior will not be tolerated and reinforces its commitment to ethical conduct.Rate this question:
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- 10.
Which one from the following could be considered the most accurate definition of a business code of conduct?
- A.
A set of rules regarding legal compliance
- B.
A set of ethical standards
- C.
A set of rules regarding a business' values, beliefs and ethics as well as rules governing legal compliance
- D.
A set of rules regarding a business' values
Correct Answer
C. A set of rules regarding a business' values, beliefs and ethics as well as rules governing legal complianceExplanation
A business code of conduct is a set of rules that not only govern legal compliance but also encompass a business's values, beliefs, and ethics. It goes beyond simply following the law and includes guidelines for how employees should behave ethically and uphold the company's principles. This definition acknowledges the comprehensive nature of a code of conduct and highlights its importance in guiding behavior in both legal and ethical aspects of business operations.Rate this question:
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- 11.
Here's the video of Who Moved My Cheese. Watch it and take down some key learning points. Enjoy your learning!
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 22, 2023Quiz Edited by
ProProfs Editorial Team -
Jan 14, 2015Quiz Created by
Mayteoh
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