Ethics for Business Quiz (Lecture 9 and 10)

What is a characteristic of clear-cut ethical decisions?

• They involve complex moral considerations.

• They require extensive deliberation.

• They align with widely accepted ethical principles.

• They often lead to significant financial losses.

Which principle focuses on the greatest good for the greatest number?

• Deontology

• Corporate Social Responsibility

• Utilitarianism

• The Golden Rule

What is the first step in addressing an ethical dilemma?

• Gather information

• Identify the ethical dilemma

• Evaluate stakeholder interests

• Implement the decision

Which of the following is an example of an ethical dilemma?

• Respecting employee privacy in data handling

• Issuing a product recall despite financial losses

• Choosing between two equally qualified job candidates

• Deciding to tell the truth about a mistake

What does the compliance principle emphasize?

• Following established laws and regulations

• Balancing conflicting interests

• Cultivating virtuous qualities

• Maximizing overall happiness

Which ethical framework focuses on duty and moral obligation?

• Corporate Social Responsibility

• Virtue Ethics

• Deontology

• Utilitarianism

Which of the following is NOT a guiding principle for ethical decision-making?

• Profit Maximization

• Consequences

• Compliance

• Character

Which of the following best describes corporate social responsibility?

• Maximizing shareholder profits

• Balancing profit and social good

• Focusing solely on environmental issues

• Strict adherence to legal standards

236+465 = ________

What is a common challenge in ethical decision-making?

• Evaluating financial implications

• Balancing personal and professional values

• Ensuring compliance with regulations

• Identifying all stakeholders