Tag: business ethics and corporate governance

Questions Related to business ethics and corporate governance

If a company has ethics than it gets back from the employees.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. Time

  2. Skill & energy

  3. Return out of money

  4. Both a & b

Show answer
Correct Option: D
Explanation:
People aspire to join organizations that have high ethical values. Such companies are able to attract the best talent. The ethical climate matters a lot to the employees. Ethical organizations create an environment that is trustworthy, making employees willing to rely on company’s policies, ability to take decisions and act on those decisions. In such a work environment, employees can expect to be treated with respect, and will have consideration for their colleagues and superiors as well. Thus, company's policies cultivate teamwork, promote productivity and support employee-growth.
Retaining talented people is as big a challenge for the company as getting them in the first place. Work is a mean to an end for the employees and not an end in itself. The relationship with their employer must be a win-win situation in which their loyalty should not be taken for granted. Talented people will invest their energy and talent only in organizations with values and beliefs that matches their own. In order to achieve this equation, managers need to build culture, compensation and benefit packages, and career paths that reflect and foster certain shared values and beliefs.

Effective ethics management within an organization can.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. Minimize errors, losses and fraud

  2. Eliminate general e-mail abuses

  3. Eliminate all errors, fraud and losses

  4. None of the choices are correct

Show answer
Correct Option: A
Explanation:


1. Attention to business ethics has substantially improved society.
2. Ethics programs help maintain a moral course in turbulent times.
3. Ethics programs cultivate strong teamwork and productivity.
4. Ethics programs support employee growth and meaning.
5. Ethics programs are an insurance policy — they help ensure that policies are legal
6. Ethics programs help avoid criminal acts “of omission” and can lower fines.
7. Ethics programs help manage values associated with quality management, strategic planning and diversity management — this benefit needs far more attention.
8. Ethics programs promote a strong public image.
9. Overall benefits of ethics programs
10. Minimize errors and frauds

Ethical and unethical behaviours are determined by.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. The individual

  2. The culture

  3. Both the individual and the culture

  4. Neither the individual nor the culture

Show answer
Correct Option: C
Explanation:

Acting in ways consistent with what society and individuals typically think are good values. Ethical behavior tends to be good for business and involves demonstrating respect for key moral principles that include honesty, fairness, equality, dignity, diversity and individual rights.

Hence both the individual and the culture determine unethical behavior

Having good ethical relations with customers will help company.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. By developing a strong competitive position

  2. By providing strong willingness amongst employees

  3. Both a & b

  4. None of the above

Show answer
Correct Option: C
Explanation:
 Ethical policies and practices enable a business enterprise to build goodwill for itself. A business organisation that adheres to a code of conduct gains a competitive advantage and builds long term value. 
On the other hand, unethical practices lead to the ultimate downfall of big organisations too.
 Ethical organizations create an environment that is trustworthy, making employees willing to rely on company’s policies, ability to take decisions and act on those decisions.
 In such a work environment, employees can expect to be treated with respect, and will have consideration for their colleagues and superiors as well. Thus, company's policies cultivate teamwork, promote productivity and support employee-growth.

Invariably businesses have unethical practice because _________________.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. Of government

  2. Fear of tax

  3. Greed

  4. None of the above

Show answer
Correct Option: A

Business Ethics helps the organisation in.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. Retaining people

  2. Getting people

  3. Attract the best talent

  4. All of the above

Show answer
Correct Option: D
Explanation:
People aspire to join organizations that have high ethical values. Such companies are able to attract the best talent. The ethical climate matters a lot to the employees. Ethical organizations create an environment that is trustworthy, making employees willing to rely on company’s policies, ability to take decisions and act on those decisions. In such a work environment, employees can expect to be treated with respect, and will have consideration for their colleagues and superiors as well. Thus, companys’ policies cultivate teamwork, promote productivity and support employee-growth.
Retaining talented people is as big a challenge for the company as getting them in the first place. Work is a mean to an end for the employees and not an end in itself. The relationship with their employer must be a win-win situation in which their loyalty should not be taken for granted. Talented people will invest their energy and talent only in organizations with values and beliefs that matches their own. In order to achieve this equation, managers need to build culture, compensation and benefit packages,and career paths that reflect and foster certain shared values and beliefs. 

Reasons why business should act ethically:

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. To keep its commitment to society to act ethically.

  2. To meet stakeholder expectations.

  3. To protect their employees and their reputation.

  4. All of the above

Show answer
Correct Option: D
Explanation:

Business should act ethically to keep its commitment to society as society and business are interdependent on each other. Investors invest their money in a business and expects the firm to act ethically in all its functions. Employees are aware and want to work in an organization that respect and behave ethically.

Unnecessary travel can be reduced by alternate method of video conferencing that reduces the fuel consumption which in-turn reduces environment pollution.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. True

  2. False

Show answer
Correct Option: A
Explanation:
Finding alternatives to travel between multi-campus sites for both administrative and academic purposes, and research collaboration with other institutions, can create substantial savings both in money, carbon and human terms.

Business travel in universities and colleges is a large contributor to the environmental footprint of the sector, but doing something about it can be difficult as the issues are multi-factored and much travel is essential for both academic and administrative staff, not to mention students.

Increased industrialization is causing more damage than ever to the natural environment.

organization of commerce and management business ethics and corporate governance environmental values and ethics industrial pollution accelerated with the start of industrial revolution social responsibility towards the environment

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

True.

Increased industrialization is causing more damage than ever to the natural environment.
Industrialization causes air and water pollution which is damaging the environment more than ever.