Podcast
Questions and Answers
Which term describes the examination of ethical and moral principles in a business environment?
Which term describes the examination of ethical and moral principles in a business environment?
- Business ethics (correct)
- Applied ethics
- Corporate ethics
- Professional ethics
Who do businesses have responsibilities to?
Who do businesses have responsibilities to?
- Managers, clients, and stakeholders
- Employees, clients, and board of directors (correct)
- Managers, customers, and board of directors
- Employees, customers, and shareholders
What is a vital attribute for employees in both entry-level and senior positions?
What is a vital attribute for employees in both entry-level and senior positions?
- Following the written and unwritten code of principles and values
- Completing tasks assigned by a manager
- Acknowledging mistakes and taking responsibility (correct)
- Fulfilling the duties of a job description
What is the written and unwritten code of principles and values that determine decisions and actions within an organization called?
What is the written and unwritten code of principles and values that determine decisions and actions within an organization called?
What does business ethics govern?
What does business ethics govern?
Study Notes
Business Ethics
- Business ethics is the examination of ethical and moral principles in a business environment.
- Businesses have responsibilities to various stakeholders, including shareholders, customers, employees, and the community.
Key Attributes for Employees
- Integrity is a vital attribute for employees in both entry-level and senior positions.
Organizational Code
- An organization's code of ethics is the written and unwritten code of principles and values that determine decisions and actions within an organization.
Scope of Business Ethics
- Business ethics governs the behaviors and decisions of an organization, including its relationships with stakeholders, the environment, and the community.
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Description
Test your knowledge on business ethics with this quiz! Explore ethical and moral principles that arise in a business environment, and learn about the written and unwritten code of principles and values that govern decisions and actions within an organization.
