Practice What Is Business Ethics? (26.1) - Ethics and Corporate Governance

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8 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define business ethics in your own words.
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Think about how moral principles apply to business operations.
Question 2.
List at least two key principles of business ethics.
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Recall the acronym IFAT we discussed.
3Question 3.
What does business ethics primarily focus on?
- Maximizing profits
- Applying ethical principles to business behavior
- Increasing competition
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Consider what guides a company's actions.
4Question 4.
True or False: Fairness in business means treating all stakeholders equitably.
- True
- False
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Think about how fairness benefits relationships.
Question 5.
Evaluate a corporation’s ethical practices in a case study; what would you do differently?
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Consider the principles we discussed when assessing their actions.
Question 6.
Design a code of ethics for a fictional company. What key principles will you include?
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Think about what values the company should prioritize.

4 more questions in this section. Enroll free to practise them all.