Ethics in Management
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Questions and Answers

Which of the following best defines business ethics?

  • The impact of decisions on the environment, employees, and customers
  • The challenges faced when making ethical decisions
  • Standards of conduct and moral values in the workplace (correct)
  • Factors that determine an individual's moral and ethical development

    • What are the three stages of individual ethical development?

  • Family, education, culture
  • Environment, employees, customers
  • Pre-conventional, conventional, post-conventional (correct)
  • Conflict of interest, decision-making, standards of conduct

    • What factors determine an individual's moral and ethical development?

  • Family, education, culture, religious backgrounds (correct)
  • Conflict of interest, decision-making, standards of conduct
  • Impact on environment, employees, customers
  • Pre-conventional, conventional, post-conventional

    • What is a common ethical challenge in the workplace?

    <p>Conflict of interest</p> Signup and view all the answers

    What does business need to consider when making decisions?

    <p>Environment, employees, customers</p> Signup and view all the answers

    True or false: Business ethics refers to standards of conduct and moral values regarding right and wrong actions in the work environment.

    <p>True</p> Signup and view all the answers

    True or false: Individuals typically develop ethical standards in three stages: pre-conventional, conventional, and post-conventional.

    <p>True</p> Signup and view all the answers

    True or false: An individual's stage in moral and ethical development is determined by factors such as family, education, culture, and religious backgrounds.

    <p>True</p> Signup and view all the answers

    True or false: Conflict of interest is a situation in which an employee must choose between their personal interests and the interests of the company.

    <p>True</p> Signup and view all the answers

    True or false: Businesses must consider the impact of their decisions on the environment, employees, and customers.

    <p>True</p> Signup and view all the answers

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