Understanding Ethics in Business

Front

What is the primary focus of utilitarianism in ethical decision-making?

Back

Achieving the greatest good for the greatest number

Front

Which of the following is a key component of ethical decision-making?
Profit maximization,
Moral awareness,
Legal compliance,
Technological advancement

Back

Moral awareness

Front

In the context of ethical philosophies, what does deontology emphasize?

Back

Duties and principles

Front

Which of the following is an example of unethical business activity?
Implementing a new marketing strategy,
Offering competitive salaries,
Engaging in insider trading,
Expanding product lines

Back

Engaging in insider trading

Front

What is the first step in the ethical decision-making process?

Back

Identify the ethical issue

Front

Which ethical philosophy focuses on fairness and equality according to societal standards?

Back

Justice

Front

What is a common ethical issue related to data privacy and security? Options: Misleading advertising, Selective disclosure, Breaching confidentiality, Exploitation

Back

Breaching confidentiality

Front

Which component of Carroll's CSR Pyramid involves obeying laws and regulations?

Back

Legal Responsibilities

Front

What is the role of ethics training programs in organizations?

Back

To develop awareness and appropriate responses to ethical dilemmas

Front

Which of the following is a trend in corporate philanthropy? Focus on traditional donations, Shift to strategic social investments, Emphasis on short-term profits, Reduction in community engagement

Back

Shift to strategic social investments