BUS 100 (wk 5) Quiz Questions

Businesses are expected to be ethical in their relationships with: Stockholders. Customers. Competitors. All of these answers are correct.

All of these answers are correct.

Which ethical criterion is described by the idea that a company should strive for efficiency? Egoism. Benevolence. Principle. Business-centered.

Egoism.

The unspoken understanding among employees of what is and is not acceptable behavior is called: Ethical climate. Corporate image. Ethical relativism Rites and rituals.

Ethical climate.

The core components upon which a company's ethical performance depends include: The values and virtues of the managers. The personal character of the managers and employees. The traditions, attitudes, and business practices built into a company's culture. All of these answers are correct.

All of these answers are correct.

Why should business be ethical? Most people want to act in ways that are consistent with their own sense of right and wrong. Ethical behavior protects business firms from abuse by unethical employees and competitors. Society's stakeholders expect it from businesses. All of these answers are correct.

All of these answers are correct.

When attempting to build ethical safeguards into the company, businesses can take the following specific approaches: Institutional and Legal. Legal and Practical. Compliance and Integrity. Value-based and Consequentialism.

Compliance and Integrity.

Scholars found that spirituality affects employee and organizational performance in what way? Negatively Positively. Has no affect. Only affects not-for-profit organizations

Positively.

People everywhere depend on ethical systems to tell them whether their actions are: Legal or illegal. Right or wrong. Financially attainable or not. Logical and reasonable judgment.

Right or wrong.

A recent study found that, compared to the 1980s, managers today place what importance on moral values, such as honesty and forgiveness? Less important. About the same importance. Slightly more important. Triple the importance.

Slightly more important.

People's ethical beliefs come from: Legislative action and judicial decisions. Reading the company's profit and loss statements. Their religious background, family, and education. The organization's code of ethics.

Their religious background, family, and education.