Ethics (Grade 11 NSC Matric Accounting): Quizzes

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The Meaning of Ethics
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What does ethics in business refer to?

The proper way of doing things in commerce

Which of the following is a reason why ethics matters in business?

It builds trust with customers and suppliers

A bookkeeper uses business cash for personal expenses but repays it later. Is this ethical?

No, the cash belongs to the business

How should an owner record withdrawing business cash for child's school fees?

As drawings in the business records

A manager sells damaged goods to friends and donates the money to a school. Is this ethical?

No, she lacks proper authorisation

Why is a sales assistant informing a customer about shop-soiled equipment ethical?

She is being honest and transparent

Which is a financial consequence of unethical behaviour?

Lost sales from customers leaving

What reputational damage can unethical behaviour cause?

Difficulty attracting good employees

An employee takes a data projector home without permission to watch films. Is this ethical?

No, she is using it without authorisation

Who in a business has a responsibility to behave ethically?

Everyone from owner to junior employee

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