11. Which is not a reason why business ethics is important? Stakeholders increas
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11. Which is not a reason why business ethics is important? Stakeholders increasingly demand ethical behavior a. The power and influence of business, . means it has the potential to inflict harm on society c. Continued occurrence of ethical infractions shows it's needed d. Ethical companies have been found to be more effective performers 12. Which ethical question is relevant to the process of marketing a product? a. What responsibility do producers have b. Who is responsible for harms caused by for the quality and safety of their products? a product? s the customer's willingness to pay the d. Can producers discriminate in favor of, only ethical constraint on fair pricing? or against, some consumers e. All of the above. f. None of the above 13. What is business ethics? b. Defined as decisions organizations make wrong d. Ethical processes businesses use in order a. The study of business situations, activities, and decisions where issues of on issues that could be considered right or right and wrong are addressed c. Ethics that can be applied to an organization's practices to achieve a good ethical standard 14. Which is not a reason a business engages in business ethics? a. To recover a company's image after a b. To avoid the loss of a good corporate notorious business scandal image or being sued for misconduct c. To act with real commitment d. To enhance stakeholder relationships © FETS: 201710-EGN4003-Mechanical and Mechatronics Engineering Page 6Explanation / Answer
11. Continuous occurrence of ethical infractions shows its needed
- this statement does not come out of the business ethics is comes under the educational ethics
12. All of the above:
- In marketing ethics is to check on the responsibilities of producer, fair pricing, quality, discrimination etc.
13. The study of business situation, activities and decisions where issues of right and wrong addressed
- Business ethics includes studying a business in terms of all its activities and then decide what are the morals and values and then address the same
14. Our company's image after a notorious business scandal
- Business Ethics are there to avoid business scandals and hence comes from the inception of the business. It does not come after the image is damaged
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