Ethics in Business

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Why is it important to learn ethics in business?

  • To obey the laws
  • To build a good reputation (correct)
  • To promote groundless suits
  • To support the Constitution

What must be done after drawing up a company's code of ethical conduct?

  • Ignore it
  • Hide it from employees
  • Communicate and adhere to it (correct)
  • Modify it frequently

Who must adhere to the company's code of ethical conduct?

  • Corporate officers and employees (correct)
  • Only entry-level employees
  • Only top-level executives
  • No one

What does the lawyer's oath require them to do?

<p>Maintain allegiance to the Republic of the Philippines (C)</p> Signup and view all the answers

What can ruin a reputation in just five minutes, according to Warren Buffet?

<p>Unethical act (B)</p> Signup and view all the answers

According to Warren Buffet, how long does it take to build a reputation?

<p>Two years (D)</p> Signup and view all the answers

Who can be affected by an unethical act in the workplace?

<p>The entire business and its reputation (C)</p> Signup and view all the answers

What is the purpose of establishing and applying business ethics in the workplace?

<p>To maintain the reputation of the business (C)</p> Signup and view all the answers

What must be done after drawing up a company's code of ethical conduct?

<p>The code must be communicated and adhered to (C)</p> Signup and view all the answers

Who is required to adhere to the company's code of ethical conduct?

<p>All corporate officers and employees, regardless of position (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Company Law and Business Ethics Quiz
4 questions
Conflict of Interest in Business
14 questions

Conflict of Interest in Business

RevolutionarySmokyQuartz avatar
RevolutionarySmokyQuartz
Company Values and Principles
16 questions
Reliance Code of Conduct Quiz
10 questions
Use Quizgecko on...
Browser
Browser