Chapter 1 Multiple Choice Questions

. Which of the following statements is correct?

Business ethics is not a real concept as the rules and ethics of everyday life don't apply to the world of business.

Business Ethics is the study of business situations, activities and decisions where issues of right and wrong are addressed.

Business ethics cannot be defined as a real concept as it is an oxymoronic term.

Business ethics is concerned with the study of assessing the activities of a business based on their profitability.

. The relationship between ethics and the law can be described as…

Incredibly close, in fact, in all instances what is ethical is also what is legal and vice versa.

Not close, ethics and the law share a small amount of overlap, but fundamentally address differing questions and themes.

Close, as there is considerable overlap between ethics and law, but the two are not equivalent.

Not at all close, ethics and the law are virtually incompatible.

. Businesses have _____ within society and have the potential to provide a ____ to society while ____ has the potential to inflict enormous harm on individuals, communities and the environment.

Little power, Small contribution, Business malpractice

Little power, Major contribution, Corporate social responsibility

Huge power, Small contribution, Corporate social responsibility

Huge power, Major contribution, Business malpractice

. Healthy eating, particularly relating to sugar and salt consumption, food and packaging waste and supply chain CO2 emissions are all business ethics issues facing the ________.

Supermarket industry

Chemicals industry

Construction industry

Information and mobile technology industry

. Which of the three following organisational characteristics of small businesses tend to characterise their engagement with business related issues?

Size and complexity, owner and family member influence on the organisation, shareholder and stakeholder power

Lack of organisational resources, size and complexity, owner and family member influence

Informal relationships, owner and family member influence on the organisation, lack of organisational resources

Bureaucratic and formal organisational structure, lack of organisational resources, conflicts of interest

. The UK Public Services (Social Value) Act 2013 requires those procuring ______ to consider how they can secure wider _____, _____and _____ benefits.

Private services, social, economic and environmental

Public services, social, cultural and environmental

Private services, cultural, economic and environmental

Public services, social, economic and environmental

. _____ is a key driving force shaping the current and future state of business ethics, in particular regarding _____, ______ and _____ related issues.

Globalisation, Cultural, Legal, Accountability

Nationalisation, Cultural, Environmental, Accountability

Privatisation, Cultural, Legal, Accountability

Globalisation, Technological, Financial, Accountability

. Sustainability can broadly be defined as

The short-term maintenance of systems according to environmental, economic and social considerations

The long-term maintenance of processes according to environmental, economic and cultural considerations.

The short-term maintenance of systems according to environmental, political and social considerations.

The long-term maintenance of systems according to environmental, economic and social considerations.

. The recent global sustainability agenda has been dominated by which of the following organisations sustainability goals?

Marks & Spencer's 'Plan A'

United Nations 'Sustainable Development Goals'

The Alibaba Group's 'Sustainability Initiatives'

Unilever's 'Sustainable Living Plan'

. The ________ perspective on sustainability resulted from growth models that analysed the carrying capacity of the planet, overall concluding that the finite capacity of the earth and_______, ________ and _______ by current and past generations could reduce quality of life for future generations. This contrasts with the environmental perspective with focuses on the need to maintain and preserve the natural environment.

Economic, Overuse of resources, Overpopulation, Over pollution,

Economic, Underuse of resources, Underpopulation, Unsustainability

Environmental, Underuse of resources, Overpopulation, Over pollution

Environmental, Overuse of resources, Underpopulation, Unsustainability

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