Ethics (Grade 10 NSC Matric Accounting): Quizzes

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Code of Ethics and Basic Principles
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What is a code of ethics?

A written statement of business norms

What are the 3 Ps in responsible management?

People, Planet, Profit

What does transparency mean in business ethics?

Conducting yourself with nothing to hide

What does accountability require?

Taking responsibility for your actions

Why is integrity important for managers?

It builds confidence, loyalty & support

What can happen if confidentiality is breached?

The business can be harmed significantly

What does objectivity mean?

Acting in an unbiased way

What should professionals not do regarding services?

Provide services they're not qualified for

What does fairness require in the workplace?

Treating all customers equally

What does sustainability involve?

Respecting the environment

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