BUSINESS ETHICS AND ETHICAL DECISION
MAKING EXAM WITH ALL COMPLETE QUESTIONS
AND DETAILED CORRECT ANSWERS (VERIFIED)
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BUSINESS ETHICS
Ace all your Business Ethics and Ethical Decision exams with
confidence. This comprehensive resource includes real-world case
studies, discussion questions, and conceptual covering corporate
responsibility, moral reasoning, and ethical leadership. Ideal for
students and professionals exploring ethical principles in business
frameworks.
What is ethics in the context of business? ...... ANSWER
....... A system of socially-influenced norms and rules
that guide decision making in a specific context.
How do ethics differ from morals? ...... ANSWER .......
Ethics refer to codes of conduct in business, while morals
are an individual's personal philosophy of right and wrong.
What is business ethics? ...... ANSWER ....... The codes
of conduct that guide the actions of people engaged in
business activity.
What is corporate moral agency? ...... ANSWER .......
The assumption that the corporation is an individual actor
in the field of business ethics.
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What factors must be considered in ethical decision making?
...... ANSWER ....... Stakeholder values, beliefs, and
consequences.
What characterizes an ethical company culture? ......
ANSWER ....... It supports and promotes ethical decision
making and attracts ethical employees.
What are common key words found in a company's code of
conduct? ...... ANSWER ....... Quality, service, respect,
and integrity.
What is ethical leadership? ...... ANSWER ....... The
way a company directs its actions, governed by codes of
conduct, company values, and the law.
What does a code of conduct outline? ...... ANSWER
....... The rules and values that guide a company's ethics.
How can organizational structure influence company ethics?
...... ANSWER ....... It can increase communication,
oversight, and awareness of company ethics.
What is insider trading? ...... ANSWER ....... Trading
stocks with access to confidential information.
What is bribery in a business context? ...... ANSWER
....... Paying officials for a favor.