Ethics

Question 1

What is Business Ethics?

Answer 1

Principles and standards that guide behavior in the world of business to ensure fairness, honesty, and integrity.

Question 2

What are Unethical Business Practices?

Answer 2

Actions that violate moral or legal standards, such as fraud, exploitation, or corruption.

Question 3

Data Privacy

Answer 3

The protection of personal and sensitive information from unauthorized access or misuse.

Question 4

Intellectual property

Answer 4

Creations of the mind, like inventions or artistic works, protected by law from unauthorized use.

Question 5

Code of Ethics

Answer 5

A set of guidelines designed to help professionals make ethical decisions in the workplace.

Question 6

Government Regulations

Answer 6

Laws and rules established to control business practices and protect consumers, employees, and the environment.

Question 7

Social Responsibility

Answer 7

A business’s duty to contribute positively to society and minimize negative impacts on the environment and community.

Question 8

Consumer Protection

Answer 8

Laws and practices designed to ensure the rights of consumers are respected, such as truthful advertising and product safety.

Question 9

Consequences of Misuse (Technology)?

Answer 9

Negative outcomes like legal action, financial loss, and damaged reputation resulting from improper use of information and technology.

Question 10

Product/Service Management Ethics?

Answer 10

The practice of ensuring products and services are safe, reliable, and honestly represented to customers.