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Social Responsibility of Business and Business Ethics Test - 14

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Social Responsibility of Business and Business Ethics Test - 14
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  • Question 1
    1 / -0
    If the owner of a sports shoes store gives the manager of another athletic shoe manufacturing Company a new personal computer to get some work done from him which can help him in his business in competition with the athletic shoe manufacturing company, the shoe store owner is using which approach?
    Solution
    Bribery involves an attempt to influence the decision of someone in a position of authority by offering them money or similar benefit. In this question, the owner of the sports shoe store is unduly influencing by giving a new personal computer to manager of another athletic shoe manufacturing company in exchange for a work done from him which will give him a competitive advantage in his business. Bribery is typically illegal and the person committing bribery may be fined or imprisoned.
  • Question 2
    1 / -0
    A behavior that does not conform to accepted beliefs and social norms is defined as ________.
    Solution
    Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Individuals can behave unethically, as can businesses, professionals and politicians.
    Unethical behavior is behavior that is contrary to our own moral principles as well as the principles admired in the community one lives in. Moral principles, such as fairness, honesty, dignity, and concern for individual rights are of profound importance.
  • Question 3
    1 / -0
    Invariably businesses have unethical practice because of ___________.
    Solution
    Invariably business has unethical practice because of the stringent and rigid government policies. As the government implied strict policies which include the business to do identical practices in order to save taxes. More policies mean more bureaucrats involved which seeks a change of more corruptions which leads to unethical practices by businesses.
  • Question 4
    1 / -0
    Having good ethical relations with customers will help company _________.
    Solution
    Having good ethical relations with the customers is s huge advantage for any company. Customers nowadays are more aware and conscious about the developments around them. Having good relations maintains the loyalty of the customers and it provides a strong competitive advantage over the rivals. 
  • Question 5
    1 / -0
    Business ethics helps the organization in ________.
    Solution
    People aspire to join organizations that have high ethical values. Such companies are able to attract and retain the best talent. The ethical climate matters a lot to the employees. Ethical organizations create an environment that is trustworthy, making employees willing to rely on the company's policies. Retaining talented people is a big challenge for the company. The relationship with their employer must be a win-win situation in which their loyalty should not be taken for granted. Talented people will invest their energy and talent only in organizations with value and belief that matches their own.
  • Question 6
    1 / -0
    The skills that are required for an ethical coach are ________.
    Solution
    Any ethical coach should posses analytical skill so as to be good at analyzing situation and taking decision.
    Confidentiality skill, because that individual should have positive approach towards target or goals.
    He should have moral values and should know to respect the feelings of others.
    Thus all of above skills are required for an ethical coach.
  • Question 7
    1 / -0
    Business ethics is __________ in nature.
    Solution
    Business ethics is not absolute in nature. It is based on the theory of relativism. Theory of Relativism promotes the idea that some elements or aspects of experience or culture are relative to, i.e. dependent on, other elements or aspects. It holds that there are no absolute truths in ethics and that what is morally right or wrong varies from person to person or from society to society.
  • Question 8
    1 / -0
    A running company was selling defective machines by claiming them to be new, such kind of practice is unethical at __________.
    Solution
    Selling defective machines by claiming them to be of a new kind of practice is unethical at society level. Any transaction done which is not transparent and it could harm the other party is unethical in nature. Selling the defective machinery in an unethical way could harm the people living in the society.
  • Question 9
    1 / -0
    Employer should behave ethically while dealing with employees, suppliers, customers etc. In this sense, what view does Business ethics concept represent?
    Solution
    There are several ethical standards that are considered to be self-evident, and seem to apply to all people throughout all of history, regardless of cultural, political, social, or economic context. The non-aggression principle, which prohibits aggression, or the initiation of force or violence against another person, is a universal ethical principle.
    Employer or a business management deal with the stakeholders in a way that they follow the universal principle of ethics to manage their relationship.
  • Question 10
    1 / -0
    The end of cold war brought a concept of __________ before media and business firms.
    Solution
    Business ethics being part of the larger social ethics, always been affected by the ethics of the epoch. At different epochs of the world, people, especially the elites of the world, were blind to ethics and morality which were obviously unethical to the succeeding epoch. The current discourse of business ethics is the ethical discourse of the post-colonialism and post-world wars. The need for business ethics in the current epoch had begun gaining attention since 1970s.
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