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Module 1 Quiz

1. The document discusses the importance of ethics in business. It provides sample multiple choice and essay questions about ethics. 2. In response to a question about why ethics is important in business, it argues that without ethics people will develop subjective moral standards, which could harm individuals and society. It also says ethics is crucial in the corporate world. 3. In response to refuting the claim that "ethics has no place in business," it says believing ethics and business don't mix will explain criminal conduct and promote questionable practices, and any economic activity lacking morality will cause harm.

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JENY VEV GAYOMA
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23 views2 pages

Module 1 Quiz

1. The document discusses the importance of ethics in business. It provides sample multiple choice and essay questions about ethics. 2. In response to a question about why ethics is important in business, it argues that without ethics people will develop subjective moral standards, which could harm individuals and society. It also says ethics is crucial in the corporate world. 3. In response to refuting the claim that "ethics has no place in business," it says believing ethics and business don't mix will explain criminal conduct and promote questionable practices, and any economic activity lacking morality will cause harm.

Uploaded by

JENY VEV GAYOMA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MARK JUSTIN G.

DEROY
BSBA – MARKETING 2-2

Module 1 Assessment
Test I True or False

TRUE 1. Hunted animals and cultivated the land for food and clothing and people simply
provided for their own is a nature of business.
FALSE 2. Our society will still exist even without business.
TRUE 3. As long as People have needs and wants, there will always be business.
FALSE 4. Ethics is a personal Affair and Not a Public Debatable Matter.
TRUE 5. Business certainly is a good and productive human activity.
TRUE 6. Without ethics, people, especially businessmen, will set their own moral
standards, moralrules, and moral principles.
TRUE 7. Business is also a complex enterprise that involves major activities like
purchasing, manufacturing, marketing, advertising, selling and accounting. Businessman deal
with suppliers, customers, workers, employees and even competitors.
FALSE 8. Even without capital, anyone can continue to produce and sell goods and
services thatwill satisfy the needs and wants of customers.
FALSE 9. it is the unselfish motive and personal interests of scrupulous businessmen that
make business bad and, in some instances, unproductive.
TRUE 10. Another important aspect in business that needs profound examination is the
manner in which business leaders and managers confront ethical issues and problem affecting the
flow and dynamism of business activities.

Test II Essay
1. Discuss why ethics is important in business.
The study of Business Ethics provides the foundation for a shared understanding of the
underlying concept of what is good and wrong in human behavior. People, particularly
businesspeople, will develop their own moral standards, moral regulations, and moral principles
if ethics is not practiced. This would lead to a type of subjective morality, in which what is good
for one person may be wrong for another. Another essential component of business that requires
further investigation is how company leaders and managers deal with ethical difficulties and
problems that disrupt the flow and vitality of business operations. One remarkable development
in today's business world is the use of quantitative approaches to assess a company's viability and
profitability.
2. Refute the businessman’s myth that “ethics has no place at all in business.”
It is a naïve view of the link between ethics and business to claim that business is an
activity that is independent of morality. Because business is a component of human society, and
its actions operate within the framework of people's ideas and value systems, it must be regarded
and examined from an ethical standpoint. Any economic activity that is lacking in morality will
cause more harm than good to individuals and society as a whole. Furthermore, believing that
ethics and business do not mix will only explain criminal conduct and, most likely, promote
questionable commercial practices. Ethics is undeniably crucial in the corporate world.

3. Explain the phrase: “Not all that is legal is moral, but what is moral is worth legalizing.”
When something is legal, it is not always moral; in fact, there are numerous instances
where this is the case. If someone desires an abortion, for example, they have the right to do so
because it is lawful in another country. This does not, however, imply that it is the proper or
moral thing to do.

4. Define Business Ethics. What is your own personal definition of Business Ethics?
The application of ethical values to business behavior is known as business ethics.
Individuals' behavior and the behavior of the organization as a whole are both affected by
business ethics.

5. Explain the phrase: “Ethics is the unwritten law written in the hearts of men.”
In essence, rules impose the behaviors we are required to follow, whereas ethics suggests
what we should do and guides us through the process of exploring possibilities to better our
decision-making. Ethical decision-making stems from a person's moral compass and desire to
maintain self-respect.

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