Ethical Issues and Problems in the Business World

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Questions and Answers

What is the main focus of the written report submitted by Borbon, Joyce Marie A. and others?

  • Good governance and social responsibility (correct)
  • Employment opportunities in business
  • Technological advancements in business
  • Customer satisfaction in business

Why is it crucial to acknowledge the dual nature of business?

  • To promote fair transactions
  • To navigate the complexities of business with ethical considerations (correct)
  • To exploit others for personal gain
  • To ensure customer satisfaction

What does the text emphasize as a positive aspect of business?

  • Ensures customer satisfaction
  • Abuse of power by unscrupulous individuals
  • Exploitation of fiduciary relationships
  • Fosters fair transactions (correct)

What is the negative consequence mentioned in the text regarding unscrupulous individuals in business?

<p>Abuse of fiduciary relationships between employers and employees (B)</p>
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Why is it essential to navigate the complexities of business with ethical considerations?

<p>To ensure positive impact on both individuals and society (A)</p>
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What is one of the adverse effects of favoritism and discrimination in the workplace?

<p>Tension, conflict, entitlement, and resentment (C)</p>
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Which of the following is NOT a cause of favoritism in the workplace?

<p>Job performance (D)</p>
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What action can employees take if they are discriminated against due to a protected characteristic?

<p>File a lawsuit against the employer (B)</p>
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What is the primary reason for giving a gift in a professional setting?

<p>To show goodwill, appreciation, or commemorate an event (A)</p>
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Which of the following is generally considered unethical gift-giving in a professional setting?

<p>Giving a gift with the intention to manipulate or influence decision-making (D)</p>
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What is one of the underlying causes of favoritism in the workplace mentioned in the text?

<p>Physical appearance bias (D)</p>
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What is a potential adverse effect of discrimination and prejudice at work, as stated in the text?

<p>Decreased employee performance (B)</p>
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What action can employees take if they are discriminated against due to a protected characteristic, according to the text?

<p>File a lawsuit against their employer (B)</p>
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What is the primary reason for giving a gift in a professional setting, based on the information provided?

<p>To show goodwill and appreciation (A)</p>
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Which of the following is NOT a sign of favoritism at work, as per the text?

<p>Providing equal coaching to all employees (A)</p>
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What is the primary focus of the written report submitted by Borbon, Joyce Marie A. and others?

<p>Ethical issues and problems in the business world (A)</p>
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Why is it crucial to acknowledge the dual nature of business?

<p>To prevent unscrupulous individuals from exploiting others (B)</p>
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What is one of the adverse effects of favoritism and discrimination in the workplace?

<p>Leading to the abuse of fiduciary relationships (B)</p>
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What does the text emphasize as a positive aspect of business?

<p>Generating employment opportunities (C)</p>
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What is the negative consequence mentioned in the text regarding unscrupulous individuals in business?

<p>Abuse of fiduciary relationships (A)</p>
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