Business Ethics Quiz
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Questions and Answers

What does business ethics primarily examine?

  • Non-economic values and their impact on business conduct
  • Profit-maximizing behavior in a business environment
  • Social responsibility charters of major corporations
  • Ethical principles and moral problems in a business environment (correct)

    • What are the two dimensions of business ethics?

  • Profit-maximizing behavior and non-economic concerns
  • Normative business ethics and descriptive business ethics (correct)
  • Individual conduct and organizational statements
  • Ethical principles and legal system

    • What do contemporary organizational standards, principles, and values govern?

  • The actions and behavior of individuals in the business organization (correct)
  • The profit-maximizing behavior of the organization
  • The social responsibility charters of major corporations
  • The commitment to non-economic values

    • What accelerated dramatically during the 1980s and 1990s in relation to business ethics?

    <p>Interest in business ethics within major corporations and academia</p> Signup and view all the answers

    What do most major corporations promote their commitment to under headings such as ethics codes and social responsibility charters?

    <p>Non-economic values</p> Signup and view all the answers

    What does the Indian Contract Act, 1872 regulate?

    <p>Contracts in India</p> Signup and view all the answers

    Under which section does the Indian Contract Act define a contract?

    <p>Section 2(h)</p> Signup and view all the answers

    What does Section 2(a) of the Indian Contract Act define?

    <p>Offer</p> Signup and view all the answers

    What does Section 2(b) of the Indian Contract Act define?

    <p>Acceptance</p> Signup and view all the answers

    What is covered under Part 1 of the Indian Contract Act?

    <p>General Principles of Law of Contract</p> Signup and view all the answers

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