CamScanner Quiz
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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</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</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</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</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</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</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</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</p> Signup and view all the answers

    What is the main focus of ethics in business?

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

    Why is an ethical business highly respected in society?

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

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

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

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