Ethics in Business

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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?

Maintain allegiance to the Republic of the Philippines Signup and view all the answers

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

Unethical act Signup and view all the answers

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

Two years Signup and view all the answers

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

The entire business and its reputation Signup and view all the answers

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

To maintain the reputation of the business Signup and view all the answers

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

The code must be communicated and adhered to Signup and view all the answers

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

All corporate officers and employees, regardless of position Signup and view all the answers

Ethics in Business

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Questions and Answers

Why is it important to learn ethics in business?

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

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

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

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

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

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

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

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

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

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