Social Responsibility of Business and Business Ethics Test

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Social Responsibility of Business and Business Ethics Test - 8

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Question 1
1 / -0

A set of principles and expectations that are considered binding on any person who is member of a particular group is known as ____________.

A
Code of ethics

B
Values

C
Ethics

D
None of the above

Solution

The code of ethics outlines a set of fundamental principles which could be used as the basis for operational requirements (things one must do), operational prohibitions (things one must not do). It is based on a set of core principles and values and is by no means designed for convenience. The employees subjected to the code are required to understand, internalize, and apply it to situations which the code does not specifically address. Organizations expect that the principles, once communicated and illustrated, will be applied in every case, and that failure to do so may lead to disciplinary action.
Question 2
1 / -0

The ethical dilemma of choosing between two rights refers to _____________________.

A
Choosing between the lesser of two evils.

B
Deciding which of two employee rights is the most important.

C
Deciding to offer a bribe or lose out on an important opportunity.

D
Choosing between the two types of sexual harassment.

Solution

Dilemma is a situation that requires a choice between options that are or seem equally unfavorable or mutually exclusive. By definition, an ethical dilemma involves the need to choose from among two or more morally acceptable courses of action, when one choice prevents selecting the other; or, the need to choose between equally unacceptable alternatives.
A dilemma could be a right vs. wrong situation in which the right would be more difficult to pursue and wrong would be more convenient. A right versus wrong dilemma is not so easy to resolve. It often involves an apparent conflict between moral imperatives, in which to obey one would result in transgressing the other. This is also called an ethical paradox.
Question 3
1 / -0

Which of the following is known as statements of value and principles that define the purpose of the organization ?

A
Code of Ethics

B
Code of Practices

C
Code of Behaviour

D
Code of Management

Solution

A corporate code of conduct may be defined as a document containing the core values and moral principles which all those working in the company are expected to follow in the course of their duties as well as in their daily activities. It reflects commitment of the company to ensure ethical behaviour on the part, of its members. It also indicates how an employee should act in general or in specific situations. A code of conduct lays down 'do’s' and `don'ts'. It describes socially acceptable and responsible behaviour. Hence, a code of ethics is a tangible guide to ethically desirable behaviour.
Question 4
1 / -0

Which of the following is not a code of conduct ?

A
Code of ethics

B
Code of practices

C
Code of behaviour

D
Code of management

Solution

Code management in the process of handling changes to computer code. As opposed to general project management, code management deals in the precise management of code modules or collections of lines of code in order to support changes or particular goals such as maintenance or debugging.
Hence code of management is not a part of code of conduct
Question 5
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Business ethics has a ____ application.

A
Universal

B
Natural

C
Practical

D
None of the above

Solution

Ethical principles are universal in nature. They prescribe obligations and virtues for everybody in a society. They are important not only in business and politics but in every human endeavor.
Question 6
1 / -0

Which functional area in business ethics is about obeying and adhering to rules and authority ________________.

A
Ethics in compliance

B
Ethics in finance

C
Ethics in production

D
None of the above

Solution

Compliance is about obeying and adhering to rules and authority. The motivation for being compliant could be to do the right thing out of the fear of being caught rather than a desire to abide by the law. An ethical climate in an organisation ensures that compliance with law is fuelled by a desire to abide by the laws. Organisations that value high ethical values comply with the laws not only in letter but go beyond what is stipulated or expected of them.
Question 7
1 / -0

They are concerned about ethics, social responsibility and reputation of the company in which they invest _______________.

A
Employees

B
Employers

C
Investors

D
Students

Solution

Investors are concerned about ethics, social responsibility and reputation of the company in which they invest. Investors are becoming more and more aware that an ethical climate provides a foundation for efficiency, productivity and profits. Relationship with any stakeholder, including investors, based on dependability, trust and commitment results in sustained loyalty.
Question 8
1 / -0

Compliance is about obeying and adhering to _________.

A
Rules and authority

B
Discipline

C
Laws

D
All of the above

Solution

Compliance is about obeying and adhering to rules and authority. The motivation for being compliant could be to do the right thing out of the fear of being caught rather than a desire to abide by the law. An ethical climate in an organisation ensures that compliance with law is fuelled by a desire to abide by the laws. Organisations that value high ethical values comply with the laws not only in letter but go beyond what is stipulated or expected of them.
Question 9
1 / -0

Ethics is important because ___________________.

A
Suppliers prefer to deal with ethical companies.

B
Customers prefer to deal with ethical companies

C
Employees prefer to deal with ethical companies.

D
All of the choices

Solution

There are many reasons why business should act ethically.
Some of the reasons includes that stakeholders including suppliers, customers and employees wants to deal with companies which follows ethical standards.
Question 10
1 / -0

Business ethics deals primarily with ________________.

A
Social responsibility

B
The pricing of products and services

C
Moral obligation

D
Being unfair to the competition

Solution

Business ethics deals primarily with moral obligation because moral obligation is a part of social responsibility.

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Re-Attempt Weekly Quiz Competition

Social Responsibility of Business and Business Ethics Test - 8

Result

Social Responsibility of Business and Business Ethics Test - 8

Score

-

Rank

-

SHARING IS CARING

Question 1

Code of ethics

Values

Ethics

None of the above

Solution

Question 2

Choosing between the lesser of two evils.

Deciding which of two employee rights is the most important.

Deciding to offer a bribe or lose out on an important opportunity.

Choosing between the two types of sexual harassment.

Solution

Question 3

Code of Ethics

Code of Practices

Code of Behaviour

Code of Management

Solution

Question 4

Code of ethics

Code of practices

Code of behaviour

Code of management

Solution

Question 5

Universal

Natural

Practical

None of the above

Solution

Question 6

Ethics in compliance

Ethics in finance

Ethics in production

None of the above

Solution

Question 7

Employees

Employers

Investors

Students

Solution

Question 8

Rules and authority

Discipline

Laws

All of the above

Solution

Question 9

Suppliers prefer to deal with ethical companies.

Customers prefer to deal with ethical companies

Employees prefer to deal with ethical companies.

All of the choices

Solution

Question 10

Social responsibility

The pricing of products and services

Moral obligation

Being unfair to the competition

Solution

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