CPM 9

What is the purpose of ethics in a business context?

• To ensure compliance with legal standards

• To increase company profits

• To guide decision-making based on values

• To limit company growth

Which ethical principle suggests that certain values should be upheld universally across societies?

• Utilitarianism

• Relativism

• Universalism

What is a primary danger sign of unethical behavior within an organization?

• High employee engagement

• Openness and transparency

• Shortcuts taken to meet goals

• Active ethical training programs

According to the Caux Principles, what type of economic system is recommended for sustainable business practices?

• Linear economy

• Collaborative economy

• Closed-loop economy

• Regenerative economy

Which stage of moral development involves decision-making based on societal norms and expectations?

• Pre-conventional

• Conventional

• Post-conventional

• Transcendental

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

• Evaluating potential outcomes

• Identifying the problem

• Consulting legal guidelines

• Considering personal beliefs

As the Chief Technology Officer at InnovateTech Solutions, you are asked to enhance the company's public image by promoting ethical responsibility in its use of data. Which of the following actions would you most likely propose?

• Developing an AI-driven system to predict consumer behavior for increased ad revenue

• Implementing a transparent data usage policy that allows users to control how their information is used

• Collecting user data from third parties to expand the company's market reach

• Utilizing data mining to improve internal decision-making and operational efficiency

Costco's Code of Ethics emphasizes caring for employees, members, and suppliers to achieve its mission. Which of the following best aligns with Costco's approach?

• Reducing staff benefits to increase profits

• Prioritizing supplier relationships even if it means higher costs

• Expanding international operations rapidly

• Implementing aggressive price hikes for higher revenue

IBM launched its 'Science of Social Good' initiative to address global challenges using technology and scientific methods. Which of the following actions reflects this commitment?

• Expanding into new markets to boost company revenue

• Partnering with NGOs to develop tools for combating online hate speech

• Increasing profits through strategic cost-cutting measures

• Developing marketing campaigns to enhance brand visibility