Business Ethics in Contemporary Businesses

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

An employee of a large multinational firm makes a mistake with a client's account. Company policy dictates that he immediately contact the client and let them know what happened. However, he knows he can fix the mistake easily, without worrying the client. What would the ethical course of action be?

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1. A CEO of a large company is having some difficulties in dealing with his subordinates. They complain that he is not specific enough about the tasks he assigns them. He is having a problem addressing _____.

2. How are vendor relations and investor relations similar?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of business ethics in contemporary business Topics you'll need to know to pass the quiz include understanding the formal definition of ethics as well as how the company or manager relates and works with the employees.

Quiz & Worksheet Goals

Use these tools to assess your knowledge of:

  • The formal definition of ethics
  • The process by which the company or manager relates and works with the employees
  • The fundamental characteristics of investor relations
  • The business functions of Enron
  • The phrase denoting how a company takes care of its customer base

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as employee relations and customer relations
  • Reading comprehension - ensure that you draw the most important information from the related business ethics in contemporary business lesson
  • Interpreting information - verify that you can read information regarding business ethics in contemporary business and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about business ethics in contemporary business

Additional Learning

To learn more about the discussion on ethics within business functions, review the corresponding lesson called Business Ethics in Contemporary Business. This lesson covers the following objectives:

  • Define the exact meaning of mark-to-market
  • Identify the formal definition of ethics
  • Know the process by which the company or manager relates and works with the employees
  • Learn the fundamental characteristics of investor relations
  • Appreciate the business functions of Enron
  • Understand the phrase denoting how a company takes care of its customer base
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