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CPHQ Business Ethics — practice questions

Explore 30 free Business Ethics questions in CPHQ Management. Open each question or exercise to read its content, reference answers and available explanation.

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Business Ethics questions and exercises with answers

Showing questions 1–30 of 30.

Customers, employees, suppliers and communities all have an interest in how a firm operates. They are its:Read the answer and worked solution →The internal body responsible for defining and evaluating a company's ongoing mission is the:Read the answer and worked solution →Executives leading finance, marketing and manufacturing are hired by the:Read the answer and worked solution →Firms that most directly influence a company's bottom line from outside are called key external:Read the answer and worked solution →Every purchase carries an implied promise that the goods will meet a level of:Read the answer and worked solution →Samsung's faulty washers had to be put right so that the maker could retain customer:Read the answer and worked solution →One person can be both an employee and a customer, showing stakeholders can hold roles that are:Read the answer and worked solution →The ethical obligations a firm owes its stakeholders are captured by the law only:Read the answer and worked solution →Free meals and on-site gyms are examples of employers going beyond legal minimums by offering:Read the answer and worked solution →One view holds that a corporation should serve investors alone. That is the view centred on:Read the answer and worked solution →The economist who argued in 1970 that social responsibilities would damage capitalism was:Read the answer and worked solution →Caring for the environment and social concerns alongside profit is the philosophy of corporate social:Read the answer and worked solution →Preserving resources and operating in an ecologically responsible way for the long term is:Read the answer and worked solution →The organisation that began publishing an annual sustainability list in 1999 was:Read the answer and worked solution →The measure of people, planet and profit together is called the triple bottom:Read the answer and worked solution →The triple bottom line was described in 1994 by the British business consultant John:Read the answer and worked solution →Superficial environmental gestures that cover up systemic ethics problems are called:Read the answer and worked solution →Nonprofit organisations depend on cash flow and are held to sustainability rules that are:Read the answer and worked solution →Ben and Jerry's states a product mission, a social mission and a mission that is:Read the answer and worked solution →A pledge to engage stakeholders in long-term dialogue describes a relationship that is:Read the answer and worked solution →A firm that obeys only the law and ethical minimums risks damaging its relationship with:Read the answer and worked solution →Coca-Cola's environmental claims are cited as a possible example of:Read the answer and worked solution →Catch the stakeholdersRead the answer and worked solution →Pop the triple bottom lineRead the answer and worked solution →Run the ethics gatesRead the answer and worked solution →Slice the ethics wordsRead the answer and worked solution →Internal or externalRead the answer and worked solution →Sort the ethics wordsRead the answer and worked solution →Type the numberRead the answer and worked solution →Ethics bingoRead the answer and worked solution →

Worked practice questions

Customers, employees, suppliers and communities all have an interest in how a firm operates. They are its:

  1. Stakeholders
  2. Storekeepers
  3. Statisticians
  4. Stenographers
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Correct answer: A. Stakeholders

1. Each group is affected by what the company does. 2. Each therefore holds a stake in its conduct. 3. Together they are the stakeholders. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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The internal body responsible for defining and evaluating a company's ongoing mission is the:

  1. Branch
  2. Board
  3. Bench
  4. Bureau
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Correct answer: B. Board

1. It sits above the executive team in large companies. 2. It sets direction and judges whether it is being met. 3. That body is the board of directors. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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Executives leading finance, marketing and manufacturing are hired by the:

  1. CEO
  2. CPA
  3. CIA
  4. CSR
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Correct answer: A. CEO

1. The board appoints the chief executive. 2. That officer then builds the functional leadership team. 3. So the executives are hired by the CEO. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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