C717 BUS 3000
Business Ethics
Comprehensive OA Review (Qns & Ans)
2025
1. Which of the following best describes the concept of
corporate social responsibility (CSR)?
- A) Maximizing shareholder profits
- B) Complying with legal requirements
- C) Voluntarily integrating social and environmental concerns
into business operations
- D) Reducing operational costs
- ANS: C) Voluntarily integrating social and environmental
concerns into business operations
©2024/2025
, - Rationale: CSR involves businesses voluntarily addressing
social and environmental issues beyond legal requirements.
2. What is the primary purpose of a code of ethics in a business
organization?
- A) To increase sales
- B) To provide guidelines for ethical behavior
- C) To reduce taxes
- D) To improve product quality
- ANS: B) To provide guidelines for ethical behavior
- Rationale: A code of ethics outlines the principles and
standards that guide employees' actions and decisions.
3. Which ethical theory emphasizes the greatest good for the
greatest number of people?
- A) Deontology
- B) Utilitarianism
- C) Virtue ethics
- D) Ethical relativism
- ANS: B) Utilitarianism
- Rationale: Utilitarianism focuses on achieving the greatest
overall happiness and minimizing harm.
©2024/2025
, Fill-in-the-Blank Questions
4. The __________ principle in business ethics emphasizes
fairness and impartiality in decision-making.
- ANS: Justice
- Rationale: The justice principle ensures that decisions are
made fairly and without bias.
5. In business ethics, the concept of __________ refers to the
obligation of a business to act in ways that benefit society as a
whole.
- ANS: Social responsibility
- Rationale: Social responsibility involves businesses
contributing positively to society.
6. The __________ approach to ethics focuses on the character
and virtues of the individual making the decision.
- ANS: Virtue ethics
- Rationale: Virtue ethics emphasizes the moral character and
virtues of the decision-maker.
True/False Questions
©2024/2025
, 7. True or False: Ethical relativism suggests that there are
universal ethical standards that apply to all cultures and societies.
- ANS: False
- Rationale: Ethical relativism holds that ethical standards
vary across cultures and societies.
8. True or False: Whistleblowing is the act of reporting unethical
or illegal activities within an organization.
- ANS: True
- Rationale: Whistleblowing involves exposing wrongdoing
within an organization to protect public interest.
9. True or False: A conflict of interest occurs when an
individual's personal interests interfere with their professional
responsibilities.
- ANS: True
- Rationale: A conflict of interest arises when personal
interests compromise professional duties.
Multiple Response Questions
10. Which of the following are key components of a strong
ethical culture in an organization? (Select all that apply)
- A) Clear ethical guidelines
©2024/2025
Business Ethics
Comprehensive OA Review (Qns & Ans)
2025
1. Which of the following best describes the concept of
corporate social responsibility (CSR)?
- A) Maximizing shareholder profits
- B) Complying with legal requirements
- C) Voluntarily integrating social and environmental concerns
into business operations
- D) Reducing operational costs
- ANS: C) Voluntarily integrating social and environmental
concerns into business operations
©2024/2025
, - Rationale: CSR involves businesses voluntarily addressing
social and environmental issues beyond legal requirements.
2. What is the primary purpose of a code of ethics in a business
organization?
- A) To increase sales
- B) To provide guidelines for ethical behavior
- C) To reduce taxes
- D) To improve product quality
- ANS: B) To provide guidelines for ethical behavior
- Rationale: A code of ethics outlines the principles and
standards that guide employees' actions and decisions.
3. Which ethical theory emphasizes the greatest good for the
greatest number of people?
- A) Deontology
- B) Utilitarianism
- C) Virtue ethics
- D) Ethical relativism
- ANS: B) Utilitarianism
- Rationale: Utilitarianism focuses on achieving the greatest
overall happiness and minimizing harm.
©2024/2025
, Fill-in-the-Blank Questions
4. The __________ principle in business ethics emphasizes
fairness and impartiality in decision-making.
- ANS: Justice
- Rationale: The justice principle ensures that decisions are
made fairly and without bias.
5. In business ethics, the concept of __________ refers to the
obligation of a business to act in ways that benefit society as a
whole.
- ANS: Social responsibility
- Rationale: Social responsibility involves businesses
contributing positively to society.
6. The __________ approach to ethics focuses on the character
and virtues of the individual making the decision.
- ANS: Virtue ethics
- Rationale: Virtue ethics emphasizes the moral character and
virtues of the decision-maker.
True/False Questions
©2024/2025
, 7. True or False: Ethical relativism suggests that there are
universal ethical standards that apply to all cultures and societies.
- ANS: False
- Rationale: Ethical relativism holds that ethical standards
vary across cultures and societies.
8. True or False: Whistleblowing is the act of reporting unethical
or illegal activities within an organization.
- ANS: True
- Rationale: Whistleblowing involves exposing wrongdoing
within an organization to protect public interest.
9. True or False: A conflict of interest occurs when an
individual's personal interests interfere with their professional
responsibilities.
- ANS: True
- Rationale: A conflict of interest arises when personal
interests compromise professional duties.
Multiple Response Questions
10. Which of the following are key components of a strong
ethical culture in an organization? (Select all that apply)
- A) Clear ethical guidelines
©2024/2025
