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Ethics and Governance

This document contains a question bank on ethics and governance for businesses. It includes multiple choice and short answer questions about key concepts like codes of conduct, stakeholders, social responsibility, and laws relating to ethics. The questions cover topics such as defining business ethics, the importance of ethics, features of ethical behavior, unethical behavior, work ethics, codes of conduct, utility, organizational culture, branches of ethics, and deontological theories. Short answer questions at the end ask about the objectives of business ethics, principles of business ethics, ethics in marketing, corporate social responsibility, corporate governance, and the relationship between law and morality.

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Chinmay Patel
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277 views5 pages

Ethics and Governance

This document contains a question bank on ethics and governance for businesses. It includes multiple choice and short answer questions about key concepts like codes of conduct, stakeholders, social responsibility, and laws relating to ethics. The questions cover topics such as defining business ethics, the importance of ethics, features of ethical behavior, unethical behavior, work ethics, codes of conduct, utility, organizational culture, branches of ethics, and deontological theories. Short answer questions at the end ask about the objectives of business ethics, principles of business ethics, ethics in marketing, corporate social responsibility, corporate governance, and the relationship between law and morality.

Uploaded by

Chinmay Patel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ETHICS AND GOVERNANCE

Question Bank
Q.1 Fill in the blank using terms in the Answer Box

ANSWER BOX
Intellectual property

Code of Ethics

Ethics

Philanthropy

Social Responsibility

Stakeholders

Social Audit

Laws

Gift giving

trustee management

1. In some cultures gift giving is expected, and failure to present them is considered an
insult.
2. Corporations demonstrate their sense of social responsibility by contributing time and
money to charitable, cultural and civic organizations.
3. A code of ethics is a document that outlines the principles of conduct to be used in
making decisions within the organization.
4. The ownership of ideas is commonly referred to as intellectual property.
5. Ethics are set of moral principles or values that governs behaviour.
6. Business have obligations to all of the people affected by their actions who are known as
stakeholders.
7. A social audit is a review of a businesss social responsiveness.
8. Over the years, various Laws have been enacted that directly relate to the issue of ethics
in business.
9. A corporate effort to improve human welfare is also known as Philanthropy.
10. The philanthropy of trustee management recognizes that owners of businesses have
obligations to do more than just earn profits.
1.

Business ethics deals primarily with

a.
b.
c.
d.

social responsibility.
the pricing of products and services.
moral obligation.
being unfair to the competition.
ANS:

2.
a.
b.
c.
d.

Ethics are important because


suppliers prefer to deal with ethical companies.
customers prefer to deal with ethical companies.
employees prefer to deal with ethical companies.
all of the choices.

ANS: D

3. According to the concept of moral intensity, a worker is most likely to behave ethically and legally when
a. a manager observes his or her behavior closely.
b. the worker has intense morals.
c. the consequences of the act are minor.
d. the consequences of the act are substantial.
ANS:

4 Benefits derived from social responsibility include;


a. enhanced organizational efficiency
b. producing better products
c. attracting people who want to work for the firm
d. both a & c
ANS:

5 .The ethical dilemma of choosing between two rights refers to


a. choosing between the lesser of two evils.
b. deciding which of two employee rights is the most important.
c. deciding to offer a bribe or lose out on an important opportunity.
d. choosing between the two types of sexual harassment.
ANS:

Q.2
Answer in one Line
1. Define Business ethics.
According to Andrew Crane, Business ethics is the study of business situations, activities, and
decisions where issues of right and wrong are addressed.
According to Raymond C. Baumhart, The ethics of business is the ethics of responsibility. The
business man must promise that he will not harm knowingly.
2. What business ethics can contribute in business?

Practicing business ethics can contribute to the growth of your company in many ways including
public relations, employee productivity, investment and even employee retention.
3. State the features of business ethics.
Code of conduct, Based on moral and social values, Gives protection to social groups, Provides
basic framework, Voluntary, Requires education and guidance, Relative term
4. Define Unethical behaviour.
Unethical behaviour in the workplace can be defined as any action that does not conform to the
standards of conduct established by the organization. Unethical behavior can occur in the
relationships between employees, in the way an employee goes about his business or how he
uses company resources. Unethical behavior can even break the law in some situations.
5. Define work ethics.
It includes not only how one feels about their job, career or vocation, but also how one does
his/her job or responsibilities. This involves attitude, behaviour, respect, communication, and
interaction; how one gets along with others. Work ethics demonstrate many things about whom
and how a person is. It involves characteristics such as honesty and accountability. Essentially,
work ethics break down to what one does or would do in a particular situation.
6. State the advantages of work ethics.
The advantage of work ethics are, Competitive edge-people prefer to work with those they can
trust, Credibility-people believe you, Efficiency-trust makes decision making faster and more
economical, Morale-people feel better about their work and themselves, Loyalty- internal and
external and Personal satisfaction- Self-respect, affection of others
7. Define code of conduct.
Code of conduct is a set of rules outlining the responsibilities of, or proper practices for, an
individual, party or organization. A common code of conduct is written for employees of a
company, which protects the business and informs the employees of the companys expectations.
It is ideal for even the smallest of companies to form a document containing important

information on expectations for employees.


8. State the contents of code of conduct.
The code of conduct includes detail on compliance with laws and regulations (such as
harassment and discrimination on the workplace), conflicts of interest, confidentiality and
security matters, fairness and equity, contact with the public and media, values of the business
and guidelines on general behaviour.
9. Define Utility.
It is the ability of an action to bring about benefit, advantage, pleasure, good or happiness and to
prevent mischief, pain, evil, or unhappiness.
10. Define Organisational culture.
Organisational culture is the set of shared values, beliefs, goals, norms etc that prevails within an
organisation.
11. State the two key branches of ethics.
The two branches of ethics are Descriptive ethics involves describing, characterizing and
studying morality-What is and Normative ethics involves supplying and justifying moral
systems-What should be
12. What are deontological theories?
Deontological theory is a normative theory, which asserts that one must follow his or her
obligations to another individual or society because upholding ones duty is what is considered
ethically correct.
Q.3 Short Notes :
1.
2.
3.
4.
5.
6.

Objective of Business Ethics


Principles of Business Ethics
Ethics in Marketing
Corporate social responsibility
Corporate Governance.
Law and Morality

*************** All the best ****************

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