Business Ethics 2025 Quiz 1

Which of the following is an example of a consequential theory?

• Utilitarianism

• Ethics of duties

• Theory of rights & Justice

• Virtue ethics

The integration of political, social, and economic interactions at the transnational level, regardless of physical proximity or distance best defines?

• Liberalisation

• Globalisation

• Socialisation

• None of the above

Doing what is just and fair and avoiding harm would best be discussed under which of the following components of the Carroll's CSR model?

• Philanthropic responsibility

• Legal responsibility

• Ethical responsibility

• Economic responsibility

................................ theory suggests that an action is morally right if in a given situation all decision-makers freely decide to pursue either their (short-term) desires or their (long-term) interests.

• Egoism

• Utilitarianism

• Ethics of duties

• Theory of rights & Justice

Which of the following ethical theories deals with formulating norms to provide a mutually acceptable solution to a particular problem and focuses on peaceful settlement of a conflict?

• Discourse ethics

• Approaches based on empathy and morale impulse

• Virtue ethics

• None of the above

Which of the following is a limitation(s) of the western modernist ethical theories?

• Too abstract

• Too impersonal

• Too imperialist

• All of the above

Which of the following statements is true about the sources of normative ethical theories?

• Religion (e.g., Qur’an teachings) provides the basis for deciding right and wrong, with faith as the foundation

• They are based only on personal feelings and preferences

• They rely only on profit as the measure of ethics

• They consider only cultural traditions, ignoring universal principles

According to Edward Freeman’s Stakeholder Theory of the Firm, what is the primary task of executives?

• To maximize shareholder wealth even if it requires tradeoffs with other stakeholders

• To minimize costs and ensure compliance with regulations

• To create as much value as possible for stakeholders without resorting to tradeoffs

• To focus only on customers and employees while overlooking other stakeholders

The Triple Bottom Line framework evaluates a firm’s performance based on which three dimensions?

• Profit, People, and Planet

• Profit, Products, and Processes

• Productivity, Price, and Performance

• Profit, Politics, and Publicity

Which of the following best describes a corporation?

• A group of individuals working together without legal recognition

• A legal entity separate from its owners, enjoying rights such as owning assets, entering contracts, and offering limited liability to shareholders

• A small business where owners are personally responsible for all debts and liabilities

• A temporary business arrangement formed only for specific projects