Business. Exam 2025 Questions and Answers
Distinguish between personal and organizational ethics. - ANS Personal ethics are the
individual's moral principles guiding personal behavior, while organizational ethics are
principles guiding behavior and decision-making within an organization.
Identify how ethics impacts outcomes in organizations. - ANS Ethics impacts outcomes in
organizations by fostering trust, employee morale, legal compliance, positive reputation,
stakeholder relations, and guiding decision-making towards sustainable and responsible
practices.
Speaking the truth, respecting my elders, and never purposely hurting someone are examples
of _________ (personal or professional) ethics. - ANS personal ethics
Being punctual, refraining from gossip, and having good time management are examples of
_________ (personal or professional) ethics. - ANS
Provide an example of when personal and professional ethics may conflict? - ANS
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 - ANS
Sharing credit with co-workers and treating subordinates with respect demonstrates what level
of organizational ethics? (high or low) - ANS
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,What are some benefits to an organization that has high organizational ethics? - ANS
Define Corporate Social Responsibility (CSR) and its importance in the organization and in the
community. - ANS
Compare corporate ethical commitments with the reality of how the commitments are acted
out in accordance with commitments, or in discord to the commitments. - ANS
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. - ANS
Why is Corporate Social Responsibility important to an organization and its local community? -
ANS
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) - ANS
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) - ANS
Describe the functions within different departments of an organization. - ANS
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, Differentiate between leadership and management - ANS
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) - ANS
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) - ANS
The _________department handles accounts payable, accounts receiveable, and payroll.
(marketing, human resources, accounting and finance, research and development, information
technology) - ANS
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) - ANS
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) - ANS
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). - ANS
______ perform formal functions such as planning, organizing, leading, controlling, and
coordinating. (Leaders or managers). - ANS
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