Business Ethics (Leaving Cert Business): Quizzes

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Business Ethics
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What do business ethics refer to?

Moral principles guiding honest behavior

What does 'from the top down' mean in business culture?

Senior staff set a poor ethical example

What business pressure often leads to unethical behavior?

Intense pressure to meet targets/deadlines

Why does lack of rewards cause unethical behavior?

Performance measured only by end results

What happened to Volkswagen after falsifying emissions reports?

Lost almost a quarter of its market value

What does a code of ethics provide?

Written guidelines outlining behavior

Why should businesses encourage whistleblowing?

Helps staff report unethical behavior safely

When should code of ethics training occur?

Induction training + regular reminders

How does ethical behavior reduce business losses?

Reduces losses from theft and fraud

What challenge involves senior staff paying 'lip service'?

Culture: complying in words not behavior

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