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Business Values And Ethics(Buss 031) Question Paper

Business Values And Ethics(Buss 031)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS

INSTRUCTIONS
Answer question one (compulsory) and any other two questions.
Question One
Give an elaborate definition of business ethics.
(4 Marks)
What is the significance of studying business ethics?
(6 Marks)
One characteristic of a highly ethical organization is that the organization is at ease interacting with diverse internal stakeholders. Using any three examples of stakeholders, explain.
(6 Marks)
With the help of examples explain any three unethical practices in business.
(6 Marks)
Briefly explain how one can resist a temptation of acting unethically in the workplace.
(8 marks)

Question Two
What is the relationship between ethics and the law in business?
(4 Marks)
’Business has to be both legal and ethical.’ Explain the significance of this statement to a manager of an organization.
(6 Marks)
Explain any four core business values in business.
(8 Marks)
How does an individual’s value influence one’s decision-making. (2 Marks)

Question Three
A highly ethical organization will outperform an unethical one in the same industry. Using relevant examples explain this statement.
(10 Marks)
(i) What is Corporate Social Responsibility?
(4 Marks)
(ii) Discuss the likely ethical issues relating to marketing and the consumer. (6 Marks)

Question Four
What is corporate social responsibility (CSR)?
(2 Marks)
Briefly discuss each of the following aspects of CSR.
(12 Marks)
Economic responsibility
Legal responsibility.
Ethical responsibility.
Philanthropic responsibility.
Give three arguments for and three arguments against an organization engaging in CSR.
(6 Marks)

Question Five
Explain unethical practices most likely to be noted with the following business stakeholders:-
(12 Marks)
Consumers.
Employees.
Suppliers.
Shareholders.
Describe four individual factors that influence on ethical decision-making.
(8 Marks)

Business Values And Ethics(Buss 031) Question Paper

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