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BOMI - Ethics is Good Business Questions and Answers Already Passed
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BOMI - Ethics is Good Business Questions and Answers Already Passed What is the primary purpose of business ethics? A) To increase profits B) To follow government regulations C) To ensure fair practices and build trust with stakeholders D) To avoid legal issues How does ethical behavio...

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  • October 5, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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BOMI - Ethics is Good Business
Questions and Answers Already Passed

What is the primary purpose of business ethics?

A) To increase profits

B) To follow government regulations


✔✔C) To ensure fair practices and build trust with stakeholders


D) To avoid legal issues




How does ethical behavior impact a company's reputation?

A) It has no impact


✔✔B) It enhances credibility and attracts customers


C) It makes management more strict

D) It leads to more lawsuits




Which of the following is a key benefit of implementing an ethics program in a business?


✔✔A) Improved employee morale and retention


B) Higher turnover rates



1

,C) Increased competition among employees

D) Decreased productivity




What role do leaders play in establishing an ethical workplace culture?

A) They have no role


✔✔B) They model ethical behavior and set expectations


C) They enforce strict rules without explanation

D) They focus solely on profits




Which of the following best describes corporate social responsibility (CSR)?

A) A marketing strategy


✔✔B) A commitment to ethical behavior and community involvement


C) A legal requirement

D) A way to avoid taxes




How can employees contribute to ethical business practices?


✔✔A) By reporting unethical behavior and supporting colleagues


B) By ignoring unethical practices


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,C) By focusing only on their personal success

D) By following orders without question




What is the importance of transparency in business?


✔✔A) It fosters trust and accountability among stakeholders


B) It complicates business operations

C) It allows for hidden agendas

D) It is only important for large corporations




What should a company do if it discovers unethical behavior among its employees?

A) Ignore it to avoid confrontation


✔✔B) Investigate the issue and take appropriate action


C) Publicly shame the employees involved

D) Promote those employees to hide the issue




Which of the following is an example of a conflict of interest?

A) Working overtime


✔✔B) A manager making decisions that benefit a family member


3

, C) Taking a break

D) Attending a company meeting




How does diversity and inclusion relate to business ethics?


✔✔A) It promotes fairness and respect for all individuals


B) It only benefits the employees

C) It is unrelated to ethics

D) It complicates hiring processes




What is a key characteristic of ethical decision-making in business?

A) Making choices based solely on profitability


✔✔B) Considering the impact of decisions on all stakeholders


C) Avoiding difficult conversations

D) Following personal beliefs without questioning




What is the role of ethics training in an organization?

A) To increase profits

B) To confuse employees


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