Senior Secondary (HKDSE) · Business, Accounting and Financial Studies
5 multiple-choice questions marked as you go, and 5 written questions with worked solutions. All on Business Ethics and Social Responsibilities .
A local bakery, 'Sweet Delights', uses fresh, locally sourced ingredients and pays its staff above the minimum wage. The owner ensures that all marketing materials accurately reflect the ingredients and nutritional information of its products. Which ethical principle is 'Sweet Delights' primarily upholding by providing accurate information to its customers?
GlobalTech Inc. has a comprehensive Code of Ethics that outlines expected employee behaviour regarding conflicts of interest, confidentiality, and professional conduct. Regular training sessions are conducted to ensure all employees understand these guidelines. What is the main purpose of such a Code of Ethics within an organisation?
A senior accountant discovers that management has recorded sales for the next financial year in the current period to meet profit targets, although the amounts are relatively small. What is the most ethically responsible course of action for the accountant?
Which of the following best explains why businesses should uphold business ethics and social responsibilities?
A multinational beverage company is planning to expand into a new market in a developing country. While the local regulations on advertising sugary drinks are less stringent than in its home country, the company decides to apply its stricter home-country advertising standards, which include clear health warnings and limits on marketing to children. This decision is made despite potential competitive disadvantages against local companies with less restrictive practices. What ethical approach is the company demonstrating?
State one positive impact of corporate social responsibility on a company's brand image.
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Explain why transparency in a company's financial reporting, beyond legal requirements, is considered an ethical practice.
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How can ethical leadership within an organization, characterized by integrity and accountability, positively impact employee morale and ultimately business performance?
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Define corporate social responsibility (CSR) and provide one example of a socially responsible action a local Hong Kong bakery could take towards its community.
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BrightWater Chemicals Ltd. uses a production process that, while compliant with local environmental laws, generates a certain level of air pollutants. Investing in new, cleaner technology would reduce emissions significantly but would increase production costs by 10%. Discuss the ethical considerations BrightWater Chemicals Ltd. should take into account when deciding whether to adopt the new technology, identifying at least two stakeholder groups affected.
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