Business Ethics Quiz
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Questions and Answers

What is the primary focus of business ethics?

  • Examining ethical principles and moral problems in a business environment (correct)
  • Avoiding legal consequences
  • Maximizing profits at any cost
  • Competing aggressively with other businesses
  • Where do business ethics norms and values originate from?

  • Individuals, organizational statements, or the legal system (correct)
  • Competitors' strategies
  • Market trends
  • Social media influences
  • What are the two dimensions of business ethics?

  • Individual business ethics and organizational business ethics
  • Normative business ethics and descriptive business ethics (correct)
  • Profit-driven business ethics and sustainability-focused business ethics
  • Traditional business ethics and modern business ethics
  • What does business ethics refer to?

    <p>Contemporary organizational standards, principles, sets of values, and norms governing actions and behavior in a business organization</p> Signup and view all the answers

    What is the primary focus of academics in understanding business behavior?

    <p>Employing descriptive methods</p> Signup and view all the answers

    Study Notes

    Business Ethics Overview

    • Business ethics refers to the principles and standards that guide behavior in the business world.

    Origins of Business Ethics Norms and Values

    • Business ethics norms and values originate from multiple sources, including laws, regulations, professional associations, customs, and moral principles.

    Dimensions of Business Ethics

    • The two dimensions of business ethics are:
      • Macro-dimension: focuses on the impact of business on society as a whole
      • Micro-dimension: focuses on the internal operations of an organization

    Academic Focus on Business Behavior

    • The primary focus of academics in understanding business behavior is to identify and analyze the factors that influence business decision-making and behavior.

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    Description

    Test your knowledge of business ethics with this quiz! Explore ethical principles and moral dilemmas that arise in a corporate environment. Assess your understanding of individual and organizational conduct in business, and delve into the foundations of corporate ethics.

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