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Business Ethics: The Basics – SS1110EE (8 Min.)
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1
Business ethics govern a business’s behavior, activities and interactions
True
False
2
For something to be considered unethical, it must be illegal.
True
False
3
The definition of and application of ethics depends on the personal values of the business owners.
True
False
4
Management is ultimately liable for any unethical practice conducted by an executive or employee.
True
False
5
If businesses fail to comply with societal norms, they risk ruining brand image, reputation, and credibility.
True
False
6
Employees are expected to act responsibly with honesty, diligence, punctuality, and willingness to perform excepted duties.
True
False
7
Personal beliefs and biases should not affect decision-making
True
False
8
One simple mistake by one employee could tarnish the brand image of a huge entity.
True
False
9
Non-compliance with ethics can result in hefty fines and legal actions.
True
False
10
If you are asked to do something you think may be unethical, you must do it as part of your job responsibilities..
True
False