Review Unit 1 - TACN3 (Kinh tế và kinh doanh quốc tế) FTU

Unit 1 Review I. Gap-filling 1. Business ethics is a set of moral ________ that govern behavior in a business context. 2. The ________ of an organization refers to the collective beliefs, values, and norms that shape its practices. 3. A ________ culture promotes innovation and risk-taking within a company. 4. ________ is the quality of being right, honest, or acceptable in business conduct. 5. ________ is a moral principle or standard of good behavior that guides actions. 6. The ________ of a company outlines its long-term goals and the desired future position. 7. An ________ organizational culture is one where ethical behavior is encouraged and practiced. 8. ________ responsibility refers to the obligations a company has to act in ways that benefit society. 9. The process of ensuring compliance with laws, principles, and company policies is known as ________. 10. ________ is the respect and fair treatment expected towards all stakeholders in business. 11. A ________ is a false idea or belief, often based on a misunderstanding. 12. ________ refers to the ethical principles that govern decisions and behavior at a company or organization. 13. A ________ culture values competition and a focus on achieving strong individual performance. 14. An organization’s ________ culture reflects its ethical practices and values. 15. ________ ethics involves understanding and applying ethical principles to business situations. 16. The ________ of business activity can have significant social and environmental impacts. 17. ________ handling refers to the compassionate treatment of animals used in research. 18. ________ practices in business can lead to loss of reputation and legal issues. 19. A ________ is a set of rules or guidelines that dictate expected behavior within an organization. 20. Business ethics can help a company maintain a good ________ and build trust with customers. II. Vocabulary Multiple Choice Questions 1. What does the term "business ethics" primarily refer to? - a) Financial strategies - b) Moral principles governing business behavior - c) Marketing techniques - d) Corporate social responsibility 2. The concept of "corporate culture" involves: - a) A company's financial health - b) A set of shared beliefs, values, and practices within an organization - c) Legal requirements for businesses - d) Marketing and sales strategies 3. "Compliance" in a business context usually refers to: - a) Achieving high profits - b) Adhering to laws, regulations, and company policies - c) Creating new products - d) Expanding market share 4. Which of the following best defines "corporate social responsibility"? - a) A company's commitment to financial gain - b) A company's efforts to contribute to societal goals - c) A focus on employee training - d) A marketing strategy to increase sales 5. "Transparency" in business practices implies: - a) Secrecy and confidentiality - b) Openness and clear communication - c) Complex financial strategies - d) Aggressive marketing tactics 6. What is meant by "ethical dilemmas" in the workplace? - a) Situations where ethical principles conflict - b) Legal disputes between companies - c) Financial challenges in business - d) Difficult marketing decisions 7. The term "values" in an organizational context refers to: - a) The monetary worth of assets - b) The principles and beliefs that guide behavior - c) The company's market share - d) The number of employees in the company 8. "Stakeholders" in a business environment include: - a) Only the company's employees - b) Individuals or groups affected by the company's activities - c) Competitors in the market - d) Only the company's shareholders 9. "Integrity" in a business context is best described as: - a) The ability to make profits - b) The quality of being honest and having strong moral principles - c) The ability to innovate - d) The ability to lead a team effectively 10. What does "code of conduct" mean in a business environment? - a) A legal document outlining employee benefits - b) A set of guidelines outlining acceptable behavior - c) A marketing plan for the company - d) A financial report for stakeholders 11. "Corporate governance" refers to: - a) The process of managing the day-to-day operations of a business - b) The system by which companies are directed and controlled - c) The recruitment of new employees - d) The expansion of a company's market 12. "Ethical leadership" involves: - a) Leading by example in ethical behavior and decision-making - b) Making decisions based solely on profit maximization - c) Using power to enforce compliance with rules - d) Ignoring ethical considerations for business growth 13. The term "moral responsibility" in a business context refers to: - a) Legal obligations that a company must fulfill - b) Ethical obligations to act in a way that is right and just - c) Financial duties to shareholders - d) Marketing strategies to attract customers 14. "Sustainability" in business refers to practices that: - a) Focus on short-term profits - b) Ensure long-term environmental, social, and economic health - c) Increase market share quickly - d) Minimize production costs 15. The term "whistleblower" refers to: - a) A marketing professional - b) An employee who reports unethical or illegal activities within the organization - c) A company's financial advisor - d) A customer who provides feedback 16. "Conflict of interest" in a business setting occurs when: - a) An employee has competing professional obligations - b) A company expands into new markets - c) Two departments within a company disagree - d) A company faces financial difficulties 17. What does "corporate ethics" encompass? - a) The rules and norms governing individual behavior in a company - b) The company's marketing strategy - c) The financial policies of the company - d) The technology used by the company 18. "Accountability" in a business context means: - a) The obligation to report and justify decisions to stakeholders - b) The process of making financial gains - c) The responsibility to innovate - d) The ability to lead a team effectively 19. "Corporate citizenship" refers to: - a) The legal status of a company - b) A company's responsibility to act in the best interest of society and the environment - c) The expansion of a company's operations - d) The recruitment of employees 20. The term "ethical standards" in business is best defined as: - a) The financial benchmarks set by a company - b) The criteria that guide ethical decision-making and behavior - c) The goals set by the marketing department - d) The operational targets of the company III. Vocabulary Gap-Filling Questions 1. The __________ of a company includes its beliefs, values, and practices. 2. A __________ is a person or group that has an interest in the success or failure of a business. 3. __________ is the act of reporting illegal or unethical behavior within an organization. 4. The company was praised for its commitment to __________, ensuring that all business operations were conducted transparently 5. A __________ of interest occurs when personal interests conflict with professional duties. 6. The company’s __________ plan includes reducing carbon emissions and increasing energy efficiency. 7. __________ leadership involves guiding others by setting a good moral example. 8. Employees are expected to follow the company's __________ of conduct, which outlines acceptable behavior. 9. __________ responsibility refers to a company’s duty to contribute to the welfare of society. 10. The board of directors is responsible for ensuring good corporate __________, which involves overseeing the company’s management and operations 11. The company’s __________ audit revealed several instances of non-compliance with industry regulations. 12. Transparency and __________ are essential for building trust with stakeholders. 13. The company's __________ policies include equal pay and non-discrimination in the workplace. 14. __________ is the quality of being honest and having strong moral principles. 15. __________ is the practice of avoiding harm to the environment and ensuring long-term business viability. 16. A __________ approach in business ensures that decisions are made based on moral and ethical considerations.