Fundamentals for Success in Business- Exam Questions and Correct Answers Latest Update 2025-2026
(Rated A+)
Speaking the truth, respecting my elders, and never purposely hurting someone are examples of
_________ (personal or professional) ethics. - Answers Personal. Personal ethics refers to the ethics that
a person identifies with in respect to people and situations that they deal with in everyday life. Mod 1
Being punctual, refraining from gossip, and having good time management are examples of _________
(personal or professional) ethics. - Answers Professional. Professional ethics refers to the ethics that a
person must adhere to in respect of their interactions and business dealings in their professional life.
Provide an example of when personal and professional ethics may conflict? - Answers Check to see how
your example aligns with the following: A police officer may personally believe that a law that he is
required to enforce is wrong. However, under the Code of Conduct for the New Zealand Police, he is
required to obey all lawful and reasonable instructions to enforce that law unless there is good and
sufficient cause to do otherwise.A doctor may not personally believe that the course of medical
treatment chosen by a patient is the right one. However, under the Code of Ethics for the New Zealand
Medical Association, she must respect the rights, autonomy and freedom of choice of the patient.
Where do an organization's ethics tend to start? A) They develop over time; B) They start at the bottom
and bubble up; C) They start at the top and trickle down - Answers C) They start at the top and trickle
down
Sharing credit with co-workers and treating subordinates with respect demonstrates what level of
organizational ethics? (high or low) - Answers High.
What are some benefits to an organization that has high organizational ethics? - Answers Business ethics
offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to
them, even during difficult periods. Employees feel more at ease, are more open to taking educated
chances, and have a more pleasant work experience.
Which of the following is true about Corporate Social Responsibility? A) It can be framed as a response
to public backlash for a long track record of harming environments; B) It guarantees the company is
acting ethically; C) It encourages promotion from within the organzation; D) It comes at little additional
cost to the organization. - Answers A) It can be framed as a response to public backlash for a long track
record of harming environments
Why is Corporate Social Responsibility important to an organization and its local community? - Answers
CSR refers to voluntary actions taken by a company that can benefit the community. Employees more
often than not live locally in the community - so they can see the huge benefits their company is
contributing with CSR activities, which will impact directly on their families, friends and neighbors. This
'feel good' factor has really positive implications for staff retention, recruitment and loyalty, leading to
more employment and better long term prospects for these communities. Having a corporate social
, responsibility strategy can also have a ripple effect to encourage others to act responsibly too in other
areas of their life.
XYZ Inc. uses images of a leafy forest to promote their Green-Clean Cleaning Wipes. They advertise the
wipes as being biodegradable, but the chemicals in the wipes do not break down well in the
environment and the plastic container is definitely not biodegradable. This is an example of _______
(code of ethics, greenwashing, or whistleblowing) - Answers greenwashing
Cheyenne Jenkins, VP for a large gas compay, wrote a letter to her boss regarding the extremely
fraudulent accounting practices in their publicly traded company. She demanded that the company take
action. Her letter became public five months after she wrote it and was fodder for national outrage. This
is an example of ______________. Cheyenne continues to work while the matter is investigated. She is
likely protected under ________ (whistleblowing, Sarbanes-Oxley Act; internal transparency, Sally Mae
Act; or code of ethics, Securites and Exchange Commision) - Answers whistle blowing, Sarbanes-Oxley
Act
The _________ department oversees the installation and maintenance of computer network systems
within a company. Its primary function is to ensure that the network runs smoothly. (marketing, human
resources, accounting and finance, research and development, information technology) - Answers IT
The _________ department promotes your business and drives sales of its products or services. It
provides the necessary research to identify your target customers and other audiences. (marketing,
human resources, accounting and finance, research and development, information technology) -
Answers Marketing
The _________department handles accounts payable, accounts receiveable, and payroll. (marketing,
human resources, accounting and finance, research and development, information technology) -
Answers Accounting
The _______ department is responsible for recruiting, screening, interviewing and placing workers. They
may also handle employee relations and training. (marketing, human resources, accounting and finance,
research and development, information technology) - Answers Human Resources
The _______ department handles profit and loss statements, budget reports, and reports to investor
and other stakeholders. (marketing, human resources, accounting and finance, research and
development, information technology) - Answers Finance
The ______ department plays an integral role in the life cycle of a product. While the department
usually is separate from sales, production and other divisions, the functions of these areas are related
and often require collaboration. (marketing, human resources, accounting and finance, research and
development, information technology) - Answers Research and Development
Chase is an entry level worker with a charismatic personality who easily influences his co-workers. This is
a type of ______________ leadership (formal or informal). - Answers informal
(Rated A+)
Speaking the truth, respecting my elders, and never purposely hurting someone are examples of
_________ (personal or professional) ethics. - Answers Personal. Personal ethics refers to the ethics that
a person identifies with in respect to people and situations that they deal with in everyday life. Mod 1
Being punctual, refraining from gossip, and having good time management are examples of _________
(personal or professional) ethics. - Answers Professional. Professional ethics refers to the ethics that a
person must adhere to in respect of their interactions and business dealings in their professional life.
Provide an example of when personal and professional ethics may conflict? - Answers Check to see how
your example aligns with the following: A police officer may personally believe that a law that he is
required to enforce is wrong. However, under the Code of Conduct for the New Zealand Police, he is
required to obey all lawful and reasonable instructions to enforce that law unless there is good and
sufficient cause to do otherwise.A doctor may not personally believe that the course of medical
treatment chosen by a patient is the right one. However, under the Code of Ethics for the New Zealand
Medical Association, she must respect the rights, autonomy and freedom of choice of the patient.
Where do an organization's ethics tend to start? A) They develop over time; B) They start at the bottom
and bubble up; C) They start at the top and trickle down - Answers C) They start at the top and trickle
down
Sharing credit with co-workers and treating subordinates with respect demonstrates what level of
organizational ethics? (high or low) - Answers High.
What are some benefits to an organization that has high organizational ethics? - Answers Business ethics
offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to
them, even during difficult periods. Employees feel more at ease, are more open to taking educated
chances, and have a more pleasant work experience.
Which of the following is true about Corporate Social Responsibility? A) It can be framed as a response
to public backlash for a long track record of harming environments; B) It guarantees the company is
acting ethically; C) It encourages promotion from within the organzation; D) It comes at little additional
cost to the organization. - Answers A) It can be framed as a response to public backlash for a long track
record of harming environments
Why is Corporate Social Responsibility important to an organization and its local community? - Answers
CSR refers to voluntary actions taken by a company that can benefit the community. Employees more
often than not live locally in the community - so they can see the huge benefits their company is
contributing with CSR activities, which will impact directly on their families, friends and neighbors. This
'feel good' factor has really positive implications for staff retention, recruitment and loyalty, leading to
more employment and better long term prospects for these communities. Having a corporate social
, responsibility strategy can also have a ripple effect to encourage others to act responsibly too in other
areas of their life.
XYZ Inc. uses images of a leafy forest to promote their Green-Clean Cleaning Wipes. They advertise the
wipes as being biodegradable, but the chemicals in the wipes do not break down well in the
environment and the plastic container is definitely not biodegradable. This is an example of _______
(code of ethics, greenwashing, or whistleblowing) - Answers greenwashing
Cheyenne Jenkins, VP for a large gas compay, wrote a letter to her boss regarding the extremely
fraudulent accounting practices in their publicly traded company. She demanded that the company take
action. Her letter became public five months after she wrote it and was fodder for national outrage. This
is an example of ______________. Cheyenne continues to work while the matter is investigated. She is
likely protected under ________ (whistleblowing, Sarbanes-Oxley Act; internal transparency, Sally Mae
Act; or code of ethics, Securites and Exchange Commision) - Answers whistle blowing, Sarbanes-Oxley
Act
The _________ department oversees the installation and maintenance of computer network systems
within a company. Its primary function is to ensure that the network runs smoothly. (marketing, human
resources, accounting and finance, research and development, information technology) - Answers IT
The _________ department promotes your business and drives sales of its products or services. It
provides the necessary research to identify your target customers and other audiences. (marketing,
human resources, accounting and finance, research and development, information technology) -
Answers Marketing
The _________department handles accounts payable, accounts receiveable, and payroll. (marketing,
human resources, accounting and finance, research and development, information technology) -
Answers Accounting
The _______ department is responsible for recruiting, screening, interviewing and placing workers. They
may also handle employee relations and training. (marketing, human resources, accounting and finance,
research and development, information technology) - Answers Human Resources
The _______ department handles profit and loss statements, budget reports, and reports to investor
and other stakeholders. (marketing, human resources, accounting and finance, research and
development, information technology) - Answers Finance
The ______ department plays an integral role in the life cycle of a product. While the department
usually is separate from sales, production and other divisions, the functions of these areas are related
and often require collaboration. (marketing, human resources, accounting and finance, research and
development, information technology) - Answers Research and Development
Chase is an entry level worker with a charismatic personality who easily influences his co-workers. This is
a type of ______________ leadership (formal or informal). - Answers informal
