Business Ethics Q3 Module 2

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Questions and Answers

Which icon represents the principle of accountability in business operations?

  • Face of sadness and happiness icon
  • Runner icon
  • Wrench and utensils icon (correct)
  • Book icon

What does the book icon suggest in the context of business ethics?

  • Openness and clarity
  • Responsibility towards the community
  • Understanding and adhering to ethical standards (correct)
  • Balancing emotions

How is the concept of transparency depicted in the module?

  • Using a paintbrush icon
  • With a book icon
  • Through a wrench icon
  • By a runner icon (correct)

What does stewardship emphasize according to the visual representation in the module?

<p>Balancing emotional understanding with community awareness (A)</p> Signup and view all the answers

Which principle is primarily concerned with ethical standards in business operations?

<p>Fairness (B)</p> Signup and view all the answers

Flashcards

Fairness in Business

Treating all individuals and groups with respect and equality, regardless of their background, beliefs, or circumstances.

Accountability in Business

Taking responsibility for actions and decisions, being transparent about outcomes, and accepting consequences when necessary.

Transparency in Business

Being open and honest in all business dealings, providing clear and accurate information to stakeholders and the public.

Business Stewardship

Using resources wisely and responsibly, focusing on long-term sustainability and ethical practices, considering the well-being of stakeholders.

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Business Ethics

A commitment to ethical conduct in all aspects of a business's operations, considering the impact on stakeholders and society.

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Study Notes

Business Ethics and Social Responsibility

  • This module covers the core principles of fairness, accountability, and transparency in business operations and stewardship.
  • It's part of a Senior High School curriculum.
  • It is for Quarter 3 - Module 2.

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