Subject : Business and Professional Ethics

1. Why business ethics is important? A. The business has greater power and influence in society than ever before and has the potential to provide a major contribution to our societies. B. Business malpractices have the potential to inflict enormous harm on individuals, communities, and the environment. C. The business continues to violate ethics, across countries and sectors. D. All the above (1 mark) 2. Business ethics can be defined as, The study of business situations, activities, and decisions where.......... A. maximizing profit is reconciled with society's expectations." B. issues of right and wrong are addressed." C. examples of corporate malfeasance are highlighted." D. questions are raised about corporate motivations." (1 mark) 3. Ethical problem solving involves accumulating all the facts surrounding an issue and considering all the points below EXCEPT... A. What are the possible solutions to the problem, what are the benefits and harms resulting from each solution and whom do they affect? B. What are the damages that each of the parties should ignore if the harmful effect is less? C. What are the solutions to the problem that treat all parties equally? D. What is the course of action that promotes the common good? (1 mark)