Business Ethics Practice Exam

About Business Ethics
Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. The law often guides business ethics, but at other times business ethics provide a basic guideline that businesses can choose to follow to gain public approval.

Business ethics ensure that a certain basic level of trust exists between consumers and various forms of market participants with businesses. For example, a portfolio manager must give the same consideration to the portfolios of family members and small individual investors. These kinds of practices ensure the public receives fair treatment.

The concept of business ethics began in the 1960s as corporations became more aware of a rising consumer-based society that showed concerns regarding the environment, social causes, and corporate responsibility. The increased focus on so-called social issues was a hallmark of the decade.

Why is Business Ethics important?
Business ethics are extremely important for any organization. A company that authentically promotes and fosters ethical practices will:

•    Attract investors and customers alike
•    Build and maintain its reputation
•    Enhance productivity
•    Increase employee and customer loyalty
•    Reduce business risk

Ethics in business should not and cannot be minimized if your company seeks to stand the test of time.

Who should take the Business Ethics Exam?
•    Managers
•    Corporate Trainers
•    Organizational Leaders
•    Anyone who have interest to learn about business ethics
•    Anyone who desires to get acquainted with the ethical aspects of running a business

Knowledge and Skills required for the Business Ethics

Candidates gain quick success if they have skills of critical thinking and good communication skills.

Business Ethics Practice Exam Objectives

Business Ethics exam focuses on assessing you in ethical theories, organizational ethics, sustainability and corporate governance.

Business Ethics Practice Exam Pre-requisite

There are no prerequisites for the Business Ethics exam.

Business Ethics Certification Course Outline

1. Business Ethics and Values
1.1 Stories and Business Ethics
1.2 The Business Case for Business Ethics
1.3 Business and Organizational Ethics

2. Ethical Theories
2.1 Framework for Ethical Theories
2.2 Virtue Ethics (McIntyre)
2.3 Deontological Ethics

3. Personal Values
3.1 Introduction
3.2 Perceptions of Values
3.3 The Managerial Roles

4. Values and Heuristics
4.1 Definitions
4.2 Decision-Making Heuristics
4.3 Integrity and Loyalty as Value Heuristics

5. Individual Responses
5.1 The Ethical Categories
5.2 Ethical Reasoning
5.3 Categorization and Particularization and the Eight Stances
5.4 Teleconferencing

6. Role of Corporates
6.1 Corporate Responsibility
6.2 Corporate Citizenship
6.3 Corporate Governance
6.4 Organizational Culture and Ethics
6.5 Organizational Ethics
6.6 Ethical Decision Making
6.7 Ethical leadership
6.8 Communicating Ethical Values
6.9 Global and Local Values

7. Sustainability
7.1 Political Initiatives
7.2 Environmental Sustainability


8. Ethics and Law
8.1 What is Ethics?
8.2 A framework for Moral Decision Making
8.3 Ethical Problem Solving Paradigm
8.4 Ethics and Legal Compliance

9. Ethics and IT
9.1 Privacy
9.2 Security
9.3 Communication
9.4 Content

10. Other Ethics
10.1 Professional Ethics
10.2 Media Ethics
10.3 Engineering Ethics
10.4 Environmental Ethics

11. Business Conduct and Ethics Sample
11.1 Purpose
11.2 Compliance Is Everyone's Business
11.3 Responsibilities to the Company and Stockholders

Exam Format and Information
Certification name – Business Ethics Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199