Quiz 3 Chapter 3 "Business Ethics and Social Responsibility"

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Which of the following is the best explanation of radical transparency?

A management method where nearly all decision making is carried out publicly

What is business ethics?

Written and unwritten codes of principles and values that govern decisions and actions within a company

Which of the following would NOT be an associated negative faced by a business that is focused on cheating the customer?

a desirable reputation in the community

What is theoretical ethics? a) A way of discovering and delineating right from wrong b) The consideration of how we develop the rules and principles by which to judge and guide meaningful decision-making c) The rational reflection on what is right, what is wrong, what is just, what is unjust, what is good, and what is bad in terms of human behavior

All of these answers

Which of the following does transparency imply? a) Openness b) Communication c) Accountability

All of these answers

Which of the following is an element that makes ethical behavior conducive within an organization? a) A written code of ethics and standards b) Availability for advice on ethical situations c) Systems for confidential reporting

All of these answers

What can you do to improve your credit score?

Cancel some credit cards and keep only one or two such as gas and a visa. Pay bills on time. Payoff debts and request those companies to change the bad credit score.

What are some things that would harm your credit score?

Not paying bills on time, having too many credit cards, asking for loans and not paying on time.

What type of companies do individuals tend to want to work for?

ones in which ethical dilemmas are minimized

Issues such as dangerous products/services; transparency about environmental risks, product ingredients, or possible health risks; respect for consumer privacy and autonomy; and fairness in pricing and distribution arise in which field?

sales and marketing


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