Question 1:

Which of the following best defines business ethics in the workplace?

a) The application of ethical principles to the business environment

b) The pursuit of profit at all costs

c) The avoidance of legal issues

d) The implementation of strict rules and regulations

Answer 1:

a) The application of ethical principles to the business environment

Rationale:

Business ethics involves the application of ethical principles to the

business environment, encompassing issues such as honesty, integrity,

fairness, and respect for others. It goes beyond mere compliance with laws

and regulations, emphasizing the moral obligations that businesses have to

their stakeholders, including employees, customers, and the wider society.

Question 2:

Why is it important for businesses to uphold ethical standards in the

workplace?

a) To avoid legal sanctions

b) To maximize profit

c) To build trust and maintain reputation

d) To minimize competition

Answer 2:

c) To build trust and maintain reputation

Rationale:

Upholding ethical standards in the workplace is crucial for building trust

with stakeholders, including customers, employees, and investors. It helps

maintain a positive reputation, which can lead to increased customer

loyalty, employee satisfaction, and investor confidence, ultimately

contributing to the long-term success of the business.

Question 3: