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GOVERNANCE, BUSINESS ETHICS, RISK MANAGEMENT AND INTERNAL
CONTROL
Quiz 1
1. The approach of social responsibility is based on a system of ethics, in which decisions
and actions must be ethically ratified before proceeding.
Answer: b. True
2. Ethics is the ideology about right and wrong in the workplace distinguished by social
notions of the moral actions of people.
Answer: a. True
3. The words and deeds of someone will be in agreement with the ethical standards of
the company when a person has a low degree of integrity.
Answer: a. False
4. Practical reason is concerned with matters of fact and their explanation of value while
theoretical reason is concerned with matters of value and their explanation.
Answer: b. False
5. Maintaining social responsibility within an organization ensures the integrity of society
and the environment are protected.
Answer: a. True
6. The theory of social responsibility and ethics only applies in a group context.
Answer: b. False
7. Practical reason tries to gauge the way things are while theoretical reason determines
how the world should be and what individuals should do.
Answer: b. False
8. Laws can never be morally wrong or unethical.
Answer: b. False
9. There are five types of ethical standards: utilitarian, rights, fairness or justice, common
good, and virtue.
Answer: b. True
10. Only Managers are obliged to make decisions in the business environment every day.
Answer: b. False
Asked by rhiiibockman Which of the following statements is true of business ethics? a. All business actions deemed unethical by society are necessarily illegal.
b. Business ethics and personal ethics are synonymous.
c. The acceptability of behavior in business is determined by not only an organization but also its stakeholders.
d. Business ethics is independent of an organizational culture.
e. Profit in business is the only glue that holds relationships together.
Answer & Explanation
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Answered by alexnyangoya
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Answered by gentrib
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facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet
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Answered by charster.pro
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, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam
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ia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. L
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Answered by Smarwriter
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cing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dap
s ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscin
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Answered by wenslous92
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lestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adi
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s a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dol
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Answered by v_pandey
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iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante
congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec
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consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risu
trices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesqu