Ethics and Values in Management
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Questions and Answers

What is the role of ethics in management?

  • Maximizing profits at any cost
  • Ignoring the impact of decisions on stakeholders
  • Focusing solely on short-term gains
  • Guiding decision-making and behavior towards moral and responsible actions (correct)

    • Why are values important in management?

  • They are only relevant for employees, not leadership
  • They have no impact on organizational success
  • They shape organizational culture and guide behavior (correct)
  • They hinder decision-making processes

    • What are the potential consequences of ignoring ethics in management?

  • Increased stakeholder satisfaction
  • Loss of trust, reputation damage, and legal issues (correct)
  • Enhanced long-term relationships with partners
  • Improved employee morale

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