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Questions and Answers
What is the primary focus of ethics and governance?
What is the primary focus of ethics and governance?
- Balancing social responsibility with financial success (correct)
- Maximizing profits for shareholders
- Minimizing employee turnover
- Ensuring compliance with legal regulations
Which factor is crucial for effective governance and ethical behavior?
Which factor is crucial for effective governance and ethical behavior?
- Maintaining a monopoly in the market
- Promoting transparency and accountability (correct)
- Enforcing strict employee dress codes
- Offering high executive salaries
How does a strong ethical culture impact an organization?
How does a strong ethical culture impact an organization?
- It results in higher environmental pollution
- It leads to decreased customer satisfaction
- It fosters trust and loyalty among employees (correct)
- It causes a decline in corporate reputation
Study Notes
Ethics and Governance
- The primary focus of ethics and governance is to ensure that an organization operates with integrity, accountability, and transparency.
Effective Governance
- A crucial factor for effective governance and ethical behavior is leadership commitment and tone at the top.
Impact of Ethical Culture
- A strong ethical culture in an organization promotes a positive work environment, enhances credibility and reputation, and improves decision-making.
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Description
Test your knowledge of ethics and governance with this quiz. Explore the primary focus of ethics and governance, the crucial factor for effective governance and ethical behavior, and the impact of a strong ethical culture on organizations.
