Ethics Quiz Stimulation

Question 1

Good people do not need law to tell them to act justly, while bad people will find a way around the laws

Answer 1

Plato

Question 2

Thr greek word Ethikos means?

Answer 2

Arising from Habit

Question 3

is a study of proper business policies and performs regarding possibly controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities.

Answer 3

Business ethics

Question 4

“Business ethics is the study of business situations, activities, and decisions. Where issues of right and wrong are addressed”.

Answer 4

Andrew Crane

Question 5

“The ethics of business is the ethics of responsibility. The businessman must promise that he will not harm knowingly”.

Answer 5

Raymond C. Bauhmart

Question 6

Nature of Business Ethics

Answer 6

Contains rules and principles
Voluntary
Avoids cheating and frauds
Education and training required
Dynamic concept
Social welfare
New concept

Question 7

Businessmen are not _________, and it would be disastrous to judge and conclude that business people commit unethical act in doing business

Answer 7

Immoral

Question 8

_______ plays an important role in business. Without morality, business will be a chaotic human activity.

Answer 8

Ethics

Question 9

Is an integral part of the human society

Answer 9

Business

Question 10

is a process in which ethics issues and problems are benchmarked against moral standard so that a moral judgment is made possible

Answer 10

Moral Reasoning

Question 11

accountability for the actions one performs and the consequences they bring about, for which a person could be justly punished or rewarded.

Answer 11

Moral Responsibility

Question 12

Characteristics of a Good Moral Standard

Answer 12

It is one that looks at the issue as something that is very serious.
It must be grounded on good moral judgment.
It should be objective.
A good standard, when violated, brings about feelings of guilt, shame and remorse of conscience.

Question 13

Requirements for a Good Moral Judgment

Answer 13

It must be logical.
It must be based on facts and solid evidence.
It must be based on sound and defensible moral principle

Question 14

was once quoted, “the Catholic Church does not prohibit the producer from profiting provided, one respects the law of God, does not prejudice the right of others, and work accordingly to faith and right reason”.

Answer 14

Pope Pius XI

Question 15

are connected to social groups that include of consumers, employees, investors, and the local community.

Answer 15

Principles of business Ethics

Question 16

7 Principles of Business Ethics

Answer 16

Accountability
Care and Respect
Honesty
Healthy Competition
Loyalty and Respect Commitment
Information
Respect for Rule of Law