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Questions and Answers

What is emphasized as the foundation of good ethical practices in a business?

  • Profit maximization
  • Social benefits contribution
  • Stakeholder satisfaction
  • Goals and intentions framing (correct)

How does the text suggest unethical decisions can sometimes arise in a business?

  • By contributing to social benefits
  • By focusing on stakeholder satisfaction
  • Through profit maximization at any cost (correct)
  • By starting with clear goals and intentions

What does the text imply about the long-term profitability of ethical businesses?

  • They may seem to lose money in the short term (correct)
  • They are always more profitable than unethical businesses
  • They prioritize profit over ethics
  • They are never profitable

What is the consequence of unethical business practices?

<p>A bad business (D)</p> Signup and view all the answers

In what situation does the text suggest that ethics might surpass legal regulations?

<p>When societal protection is at stake (C)</p> Signup and view all the answers

What is highlighted as a key aspect of decision-making for the future of an organization in the text?

<p>Moral values guiding decisions (C)</p> Signup and view all the answers

What is the main explanation for unethical practices in some businesses according to the text?

<p>Desire for immediate satisfaction in society (B)</p> Signup and view all the answers

How does a positive image of a company affect its operations, as per the text?

<p>Results in higher profits and better services to customers (A)</p> Signup and view all the answers

What are some examples of unethical practices mentioned in the text?

<p>Dishonest advertising and low-quality products (A)</p> Signup and view all the answers

How does the pursuit of profit relate to morality as discussed in the text?

<p>It is advantageous and moral, allowing individuals to flourish (A)</p> Signup and view all the answers

Why is consumer trust important for business organizations based on the text?

<p>It can bring many benefits to the business (C)</p> Signup and view all the answers

What is the main focus of ethics in business?

<p>Determining right and wrong within organizations (D)</p> Signup and view all the answers

What does the concept of profit entail for Christians according to the text?

<p>Emphasizing honesty, integrity, and fair business practices (A)</p> Signup and view all the answers

According to Urwick and Hunt, how do they define business?

<p>A venture that provides services the community needs and is willing to pay for (C)</p> Signup and view all the answers

What is one of the basic human needs that ethics in business aims to satisfy?

<p>Being fair, honest, and ethical (D)</p> Signup and view all the answers

Why is an ethical business highly respected in society?

<p>For being propelled by moral values (C)</p> Signup and view all the answers

Which of the following best represents the importance of ethics when the law falls short?

<p>Preventing societal and environmental harm (C)</p> Signup and view all the answers

What characteristic of business did Urwick and Hunt emphasize in their definition?

<p>Optimal utilization of resources (A)</p> Signup and view all the answers

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