Ethical Theories and Decision-Making

What is the primary goal of business ethics?

• To maximize profits for shareholders

• To ensure all employees are paid equally

• To guide businesses in making morally correct decisions

• To increase the market share of a company

Which of the following is considered an unethical practice in business?

• Transparent communication with customers

• Misleading advertising to increase sales

• Providing fair wages to employees

• Complying with environmental regulations

Which of the following best describes corporate social responsibility (CSR)?

• Focusing only on increasing profits

• A company's obligation to contribute positively to society

• Avoiding taxes through legal loopholes

• Prioritizing the interests of the shareholders over others

Which of the following is an example of a conflict of interest in business?

• An employee recommending a product because they believe it is the best option

• A manager hiring a relative to a key position without disclosing the relationship

• A company supporting charitable initiatives in the community

• An employee receiving fair compensation for their work

What is the concept of “whistleblowing” in business ethics?

• Reporting unethical behavior within a company to outside authorities

• Publicly advertising a company’s financial success

• Encouraging employees to work harder

• Offering incentives for employees to stay in the company

Which ethical theory emphasizes the importance of following moral rules or duties, regardless of the consequences?

• Utilitarianism

• Deontology

• Virtue Ethics

• Ethical Relativism

According to Utilitarianism, which of the following should be prioritized in ethical decision-making?

• A) Following universal moral principles

• B) Maximizing the overall happiness

• C) Adhering to cultural norms

• D) Ensuring individual rights are protected

Which ethical theory focuses on the development of virtuous character traits and emphasizes acting in accordance with moral virtues?

• Deontology

• Virtue Ethics

• Utilitarianism

• Ethical Relativism

In ethical decision-making, which of the following would be most aligned with the concept of justice and fairness?

• Maximizing happiness for the majority

• Treating each individual with equal respect and dignity

• Promoting personal virtue above all else

• Relativizing moral decisions based on cultural norms

Ethical relativism suggests that: A) Moral principles are universal and apply to all cultures B) Moral truths are determined by the specific cultural context C) Ethical decisions should prioritize the greater good for the largest number D) Ethics should be grounded in the pursuit of virtuous character traits

• A) Moral principles are universal and apply to all cultures

• B) Moral truths are determined by the specific cultural context

• C) Ethical decisions should prioritize the greater good for the largest number

• D) Ethics should be grounded in the pursuit of virtuous character traits