BDG Week 1 Quiz

Which of the following best demonstrates knowledge and critical understanding of the ethical issues facing contemporary businesses?

• Implementing sustainable business practices

• Maximizing shareholder profits at any cost

• Ignoring environmental regulations

• Prioritizing short-term gains over long-term sustainability

Assess theoretical frameworks and the concept of value creation.

• Theoretical frameworks provide a structured approach to understanding value creation.

• Value creation is independent of theoretical frameworks.

• Theoretical frameworks hinder the process of value creation.

• Value creation is solely based on market demand.

Review the diverse contemporary meanings of the concepts of 'Corporate Social Responsibility', 'sustainability' and 'stakeholder'.

• Corporate Social Responsibility, sustainability, and stakeholder concepts have fixed meanings.

• The meanings of Corporate Social Responsibility, sustainability, and stakeholder concepts are diverse and contemporary.

• Corporate Social Responsibility, sustainability, and stakeholder concepts are outdated.

• Corporate Social Responsibility, sustainability, and stakeholder concepts are irrelevant in today's business world.

Corporate Responsibility refers to a company's commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations.

• A company's commitment to profit maximization.

• A company's commitment to manage social, environmental, and economic effects responsibly.

• A company's commitment to employee satisfaction.

• A company's commitment to innovation and technology.

What business ethic involves the relationship and responsibilities towards the local population?

• Corporate Social Responsibility

• Environmental Sustainability

• Fair Trade Practices

• Transparency and Accountability

The term for the ethical principle that involves fairness and transparency in business operations is:

• Integrity

• Justice

• Accountability

• Transparency

Normative ethics seeks to answer questions about what actions or behaviors are morally permissible, obligatory, or forbidden in various situations.

• True

• False

Whose moral philosophy is a prominent example of deontological ethics?

• Immanuel Kant

• John Stuart Mill

• Aristotle

• Jeremy Bentham

One limitation of deontological theories related to rigidity is:

• They do not allow for exceptions in moral rules.

• They focus too much on consequences.

• They are too flexible in moral decision-making.

• They prioritize emotions over rules.

What does Utilitarianism evaluate the morality of actions based on?

• Intentions

• Consequences

• Rules

• Emotions