Write two characteristics of business ethics.

Business ethics involve acting with integrity and fairness in all business operations and making
decisions that respect the rights of all stakeholders.

Explain the Whistle-blower concept.

A whistle-blower is someone who reports unethical or illegal activities within an organization, often at
personal risk.

What is the RTI Act?

The RTI (Right to Information) Act is an Indian law that allows citizens to request and receive
information from government bodies to promote transparency.

What is morale?
Morale is the overall sense of confidence, enthusiasm, and satisfaction that a person or group feels
about their work or situation.

What are ethical issues in price and promotion?

Ethical issues in price and promotion involve concerns like deceptive pricing, misleading advertising,
and unfair discounts that can exploit or mislead consumers.

What is the meaning of whistle-blower?

A whistle-blower is someone who exposes unethical or illegal activities within an organization, often at
personal risk.

What does the PLUS Filter Model ensure in ethical decision-making?

The PLUS Filter Model ensures that decisions are ethical by considering Policies, Legal requirements,
Universal values, and Self-standards.

What does good ethics in business mean?

Good ethics in business means conducting operations with honesty, fairness, and respect for all
stakeholders, leading to long-term success and trust.

What do you mean by tax avoidance?

Tax avoidance refers to using legal methods to minimize tax payments, often through loopholes,
without breaking the law.

Write the ethical learning from the Bible.

The Bible teaches ethical values such as honesty, kindness, humility, and the importance of treating
others as you wish to be treated.

Describe Western Management.

Western Management focuses on individualism, efficiency, and profit maximization, often emphasizing
structured processes and a results-oriented approach.

What is the difference between ethics and morals?

Ethics are rules set by society or organizations about right and wrong, while morals are personal beliefs
about what is right or wrong.
What is the Code of Conduct in an organization?
Code of Conduct is a set of rules and guidelines that outline expected behaviors and ethical standards
for employees within an organization.

What is a prerequisite of an effective CSR?

A prerequisite of effective CSR (Corporate Social Responsibility) is a genuine commitment to social
and environmental responsibility beyond just profit-making.

What are the types of unethical advertisements?

Types of unethical advertisements include false claims, misleading information, and ads that exploit
fear or stereotypes.

What is insider trading?

Insider trading is the illegal practice of trading a company’s stocks or securities based on confidential,
non-public information.

Give an example of an unethical marketing practice prevalent in India.

An example of an unethical marketing practice in India is false advertising, where companies
exaggerate product benefits to mislead consumers.

What are the ethics in taxation?

Ethics in taxation involve paying the correct amount of taxes on time and avoiding illegal tax evasion
practices.

What is Ambush Marketing?

Ambush Marketing is when a company tries to associate itself with an event without official
sponsorship, to gain exposure.

What are personal values?

Personal values are the principles and beliefs that guide an individual’s behavior and decisions in life.

What is the VEDA Model of Leadership?

The VEDA Model of Leadership draws from ancient Indian scriptures, emphasizing vision,
empowerment, dynamism, and action.
Why is honesty crucial in personal ethics?
Honesty is crucial in personal ethics because it builds trust and ensures integrity in relationships and
actions.
What is the Law of Karma in business?
The Law of Karma suggests that ethical actions lead to positive outcomes, while unethical actions
result in negative consequences.
What are Intellectual Property Rights in business?
Intellectual Property Rights protect the creations of the mind, such as inventions, literary works, and
designs, ensuring that creators can benefit from their work.

What is the primary goal of Business Ethics?

The primary goal of Business Ethics is to ensure that business practices are fair, just, and beneficial to
all stakeholders.
Why is ethical decision-making crucial in business?
Ethical decision-making is crucial for maintaining trust and long-term relationships with stakeholders.
What is the significance of the STEP Model in ethical decision-making?
The STEP Model helps managers systematically analyze and resolve ethical dilemmas in business.
Name one factor that influences Business Ethics.
Corporate culture is a significant factor influencing Business Ethics.
What does the PLUS Filter Model ensure in ethical decision-making?
The PLUS Filter Model ensures decisions align with the company’s values and legal standards.
and principles, while Teleological theories focus on outcomes.
Define Business Ethics.
Business Ethics involves the application of ethical principles and values in business decisions and
practices.

Describe ethical issues in production and consumption.

Ethical issues in production involve ensuring fair labor practices, safe working conditions, and
environmentally sustainable methods. In consumption, the focus is on promoting responsible consumer
choices and avoiding products that harm society or the environment.

Explain the ethical issues faced by an individual employee of a firm.

An individual employee may face ethical issues like pressure to meet unrealistic targets, conflicts of
interest, or witnessing unethical behavior by colleagues, which can lead to difficult decisions between
job security and personal integrity.

Explain the scope of business ethics.

The scope of business ethics includes all areas where business decisions impact stakeholders, such as
employee relations, environmental responsibility, product safety, and honest marketing. It covers the
ethical conduct of both individual employees and the organization as a whole.

What are the reasons for pursuing ethics globally?

Pursuing ethics globally is important to build trust, ensure compliance with international laws, and
create a fair business environment across different cultures. It also helps businesses maintain a positive
reputation and avoid legal issues.

Explain the firm’s duties to the employees.

A firm’s duties to employees include providing fair wages, safe working conditions, and opportunities
for growth and development. Ethical treatment of employees also involves respecting their rights and
maintaining open communication.

What is the importance of ethics in advertising?

Ethics in advertising is important to ensure that ads are honest, do not mislead consumers, and respect
cultural and social norms. Ethical advertising helps build consumer trust and maintains the integrity of
the brand.

Describe learnings from Kautilya's Arthashastra.

Kautilya's Arthashastra emphasizes the importance of good governance, ethical leadership, and
strategic thinking in managing a kingdom, which can be applied to modern business management and
ethics.

Describe ethical aspects of production and consumption.

Ethical aspects of production and consumption involve ensuring that products are made sustainably,
with fair labor practices, and that consumers make informed, responsible choices that do not harm
society or the environment.

Explain the sources of business ethics.

Sources of business ethics include laws and regulations, cultural values, religious teachings, and
organizational codes of conduct, all of which guide ethical decision-making in business.

What is the importance of an employee code of ethics?

An employee code of ethics sets clear guidelines for acceptable behavior, promotes a positive
workplace culture, and helps prevent misconduct, ensuring that employees act with integrity.

Describe ethical concerns in advertising.

Ethical concerns in advertising include misleading claims, exploiting vulnerable groups, and promoting
harmful products, which can mislead consumers and damage trust.

What is marketing ethics? What are unethical marketing practices techniques?

Marketing ethics involves promoting products honestly and fairly. Unethical practices include false
advertising, deceptive pricing, and exploiting consumer vulnerabilities for profit.

Write in brief about Varna Vyavastha.

Varna Vyavastha is an ancient Indian social system that divides society into four classes: Brahmins
(priests and scholars), Kshatriyas (warriors and rulers), Vaishyas (traders and farmers), and Shudras
(laborers). This system was meant to organize society based on occupation and duties. However,
over time, it became rigid and led to social discrimination, which is widely criticized today for its
role in promoting inequality.

Describe Ethical Dilemma.

An ethical dilemma occurs when a person faces a situation with conflicting moral choices, where
choosing one option may violate another ethical principle. It often involves deciding between right
and wrong, with no clear or easy solution. Ethical dilemmas are challenging because they require
balancing different values, such as honesty versus loyalty or fairness versus compassion.

Explain the scope of Ethical HRM.

Ethical Human Resource Management (HRM) involves fair and transparent practices in hiring,
compensation, training, and employee relations. It ensures that employees are treated with respect
and dignity, promotes diversity and inclusion, and prevents discrimination. Ethical HRM also
includes safeguarding employee rights and fostering a positive work environment.

16. Write a short note on ‘Children in advertising’.

Children in advertising raise ethical concerns as they can be easily influenced by marketing
messages. Advertisers must be careful not to exploit children’s vulnerability by promoting
unrealistic expectations or harmful products. Ethical advertising should protect children by ensuring
content is age-appropriate and does not mislead or manipulate them.

17. Explain about strengthening marketing ethics.

Strengthening marketing ethics involves promoting honesty, transparency, and fairness in all
marketing practices. Companies should avoid deceptive advertising, respect consumer privacy, and
ensure that their products and promotions do not harm society. Training employees on ethical
standards, following regulatory guidelines, and engaging in responsible marketing can help build
trust and protect the company’s reputation.

18. What is the role of values in business?

Values serve as the foundation for ethical decision-making and behavior in business. They guide how
companies interact with stakeholders and conduct operations. Strong values contribute to long-term
success and a positive reputation.

19. How does Indian Heritage influence business management?

Indian Heritage offers timeless principles from scriptures like the Vedas, Ramayana, and Mahabharata,
which emphasize ethics, leadership, and duty. These principles are integrated into modern business
practices, promoting sustainable and ethical management.

20. What is the significance of Trans-Cultural Human Values in global business?

Trans-Cultural Human Values ensure that businesses operate ethically across different cultures. They
promote respect, fairness, and collaboration, which are essential for building trust and maintaining
global relationships.

What is the role of the Business Code of Conduct?

The Business Code of Conduct establishes ethical guidelines for employees and management. It
ensures that everyone in the organization acts with integrity, complies with laws, and upholds the
company's values.

Explain the importance of ethical decision-making in business.

Ethical decision-making ensures that business choices align with moral principles, protecting the
organization's reputation and relationships with stakeholders. It helps prevent legal issues and fosters
trust and loyalty.

Explain green marketing.

Green marketing is the practice of promoting products or services based on their environmental
benefits. It involves using eco-friendly materials, sustainable processes, and emphasizing the positive
impact on the environment. Green marketing helps attract consumers who are conscious about reducing
their environmental footprint.

Explain the relevance of the Indian Model of Management in today's global business environment
The Indian Model of Management is relevant in today's global business environment because it
combines ethical principles with practical management strategies. Drawing from ancient Indian
scriptures and philosophies, it offers insights into leadership, decision-making, and human resource
management that prioritize ethical behavior and long-term sustainability. The model's focus on values
like trust, respect, and social responsibility aligns well with the growing emphasis on corporate social
responsibility and ethical governance in global business. By integrating these values, companies can
build stronger relationships with stakeholders and achieve sustainable success.

What do you understand by Ethics in Finance? Explain Reasons for unethical behaviour in Finance.
Ethics in Finance involves honesty, transparency, and fairness in all financial activities, ensuring that
decisions benefit stakeholders and the organization. Unethical behavior in finance often stems from
greed, pressure to meet unrealistic targets, conflicts of interest, lack of proper oversight, and the pursuit
of personal gain. Such behavior can lead to fraud, insider trading, and financial misrepresentation,
which ultimately harm the company's reputation and stakeholder trust. Maintaining strong ethical
standards in finance is essential for long-term success and sustainability.

Explain Ethical issues in HRM.

Ethical issues in Human Resource Management (HRM) involve ensuring fairness, transparency, and
respect in the treatment of employees. Common ethical concerns include discrimination in hiring and
promotions, unfair treatment or harassment, invasion of privacy, and inequitable pay practices. HR
professionals must also navigate the ethical challenges of managing layoffs and maintaining
confidentiality. Ensuring that policies and practices are fair and aligned with ethical standards helps
build a positive workplace culture, fosters trust, and enhances employee satisfaction and retention.
Ethical HRM is crucial for the overall integrity and success of an organization.

State the meaning of Ethical Leadership and discuss its importance.

Ethical leadership means leading by example with honesty, integrity, and fairness. Ethical leaders
prioritize doing the right thing, even when it's difficult, and they inspire others to follow these
principles. The importance of ethical leadership lies in building trust within the organization, creating a
positive work environment, and guiding employees to make ethical decisions. It helps prevent
misconduct, promotes long-term success, and strengthens the organization's reputation. By leading
ethically, leaders ensure that their actions benefit both the company and its stakeholders.

Describe the role of Government in ensuring business ethics.

The government plays a crucial role in ensuring business ethics by creating and enforcing laws that set
ethical standards for businesses. They establish regulations to prevent fraud, corruption, and unfair
practices. Government agencies monitor and investigate violations, imposing penalties on companies
that act unethically. They also promote transparency through requirements for financial reporting and
disclosure. Additionally, the government may provide resources and guidelines to help businesses
understand and implement ethical practices. By doing so, they help maintain a fair and trustworthy
business environment.