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 and any other two questions.
Question One:
Elaborate on what you understand is the meaning of business ethics.

(4 marks)
Explain any five characteristics of a highly ethical organization.
(10 marks)
Knowledge of business ethics is important in giving firms a competitive advantage, explain.
(6 marks)
Highlight any five contents of the codes of conduct.
(5 marks)
An Ethical organization is socially responsible, explain.
(5 marks)

Question Two
Give an elaborate relationship between values, attitude and behaviour. What is the implication of values, attitudes and behavior to an organization’s management?
(10 marks)
Discuss the ethical issues likely to occur in the following areas:-
Marketing
(3 marks)
Accounting
(3 marks)
What are the drivers that influence decisions the management makes in an organization.
(4 marks)

Question Three
Discuss any three ethical responsibilities of the following business stakeholders:-
Suppliers
Credit lenders
Management
(10 marks)
Describe the ethical issues under the following classifications.
Conflict of interest
Communication
(10 marks)

Question Four
Explain why most successful organizations have strong ethical officers.

(6 marks)
An individual’s characteristics can influence the decision one makes when faced with an ethical dilemma. Discuss any three characteristic that will determine how an individual makes decisions.
(10 marks)
What is the implication to the manager who has the knowledge/awareness of these individual characteristics?
(4 marks)

Question Five
As a manager of a small organization, discuss any four ways of improving ethical decisions in the organization.
(10 marks)

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