Pir Mehr Ali Shah

Arid Agriculture University, Rawalpindi

Office of the controller of Examinations
Mid Exam / FALL 2020 (Paper Duration 24 hours)
To be filled by Teacher

Course No.: Ethics in Business

Total Marks: 18 Date of Exam: 07-12-2020
Degree: Semester: 5th Section:……………A………………………
Marks
Q.No. 1 2 3 4 5 6 7 8 9 10 Obtained/
TotalMarks
Marks
Obtaine
d
Total Marks in Words:
Name of the teacher:
Who taught the course: Hafiza Amtul Hafeez

Signature of teacher / Examiner:

To be filled by Student

Registration No.: ………………………………………….……… Name:…………………………………………………..

Answer the following questions.

Q.No.1 Considering the Ethical Standard in Businesses explain how organizations fulfill their
Employee’s need? (5)
Answer: Ethical Standard in businesses:
Ethical standard influence highly on any business. The behavioral standard of the management
and the ways through which the business is carried out at a strategic and operational level.
Similarly, motivation and positive approach brings quality and high competition in the business
market.
Ethical decisions can involve several determinations. The field of ethics, also known as
moral philosophy, shows that there are various ways of systematizing, defending, and
recommending concepts of right and wrong conduct. Sometimes ethical decisions involve
choosing not between good and bad, but between good and better or between bad and
worse. Making ethical decisions also involves choice about who should be involved in the
process and how the decision should be made. 
Organizations uses ethics programs to clear and tell their ethical standards and strategies to
their employees and to help them develop their ethical decision -making skills.
Ethics training inside organization is for helping employees to clarify the moral dimensions of
business decisions.

Many companies develop internal processes in which employees can tell if they found any
ethical or if any legal violation has occurred. Some organizations have a designated person
who take cares of such matters on a confidential basis and tells the employee about their
options, which help the employees to decide whether should they wish to take formal steps
to report the violation to the appropriate internal or external management.

Q.No.2 Samsung is a South Korean Company who made electronic devices. Consider yourself as a
manager of the company who got transferred from South Korea branch to Pakistan Branch. Briefly
explain the Ethical Standards of both countries related to business, also elaborate their business
culture with the help of supporting Theories. (5)

Answer:

Q.No.3. Does Ethics have a place in Business? Discuss this statement. (3)
Answer: Business Ethics:

Yes, business ethics is highly important for a company to gain profits and also to gain space
in the competitive industry and in the eyes of public. Society will always flourish because of
the moral standards held by the individuals. It is the individuals who together build an
organization. Just imagine a world where there are no ethical values, no moral standards and
no right and wrong concept. In this said case world would be a darkest place where there is no
trust of any kind. Similarly, business without any ethics, values, trust means no confidence,
no faith, no humanity, everything would be carried out on legal contracts. If we look upon
research, it shows clearly that it is only the ethics that increase the pursuit of profits. Normal
people like us only cares about principles and just beliefs and customers becomes clearly
satisfied when firms care about feelings. Companies which carry out corporate social
responsibility (CSR) activities are an example of success due to business ethics. This clearly
shows being principled won’t let you down.

It’s clear that the Ethics has a pivotal role in business and is proved by the research. Firms
which cares about the moral standards of society are mostly highly appreciated, and also
becomes successful and also achieves higher profit as compare to those who do not follow
business ethics.

Q.No.4 what are the attributes of moral standards? (3)

Answer: Moral Standards:
 Usually this kind of actions are considered to be morally on right side and wrong
also, depends on the values of this kinds of objects considered to be morally good and
morally bad. Attributes of moral standards are as follow:

1. Involving in serious injuries or benefits.

2. Do not established by Law.
3. Always should be preferred to all other values including self-interest.
4. Based on impartial considerations
5. Linked with special emotions and vocab.

Q. No. 5. Upper management of a clothing store in the mall has decided that a good way to
motivate employees is to consult with them about ways to bring in more customers. A memo is
sent to store managers asking them to encourage participation from all employees. One store
manager has hired five new employees who just graduated from high school and are working the
three summer months before leaving for college. The manager scrutinizes and directs them in
every detail of their job. Each time they make a mistake they are reprimanded, told their pay may
be docked, and reminded that there are always other people who will gladly take their place. This
manager decides he will forward his suggestions to management but not ask his workers for
suggestions. What approach is upper management using, as opposed to the store manager?
(2)

Answer:
Theory X relates to Store Manager because his Behavior is not good with Employees. And also he is
not cooperating with the employees. He also doesn’t take his employees under consideration.
Theory Y relates to Upper Management because they are working for the welfare of the employees.
They are trying to encourage the employees.