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WorksheetsOGL Review Quiz (13/5/25)
Total questions: 10
Worksheet time: 12mins
Why would it be in a business's interest to act ethically?
If they act illegally they could be punished under the law
People are more willing to support businesses they see as ethical
The business will likely act in a more sustainable way with resources and customers (and thus last longer)
All of the above
What is business ethics?
The system of laws and legal procedures that govern business behaviour
A commitment to treat customers, clients, and employees with honesty and integrity
What is an ethical system (or ethical lens)?
A consistent, rational, universal way to approach problems of right and wrong
A legal system that has laws and procedures people must follow
People's opinions and beliefs of right and wrong
Match the ethical system with its core idea
Utilitarianism
Consequences
Deontology
Duty
Virtue ethics
Being a virtuous person
Care ethics
Caring for relationships
Match the ethical system with its core question
Utilitarianism
Does this action maximize happiness?
Deontology
Does this action follow moral rules?
Virtue ethics
Is this what a virtuous person would do?
Care ethics
Does this act strengthen relationships?
Who is: Anybody "inside or outside a business [who has] an interest in the way it brings proucts or services to market to turn a profit."
Employees
Shareholders
Regulators
Stakeholders
Businesses are responsible to their stakeholders
TRUE
FALSE
What is the idea that a business's only responsibility is to maximize profit for its shareholders?
Shareholder primacy
Stakeholder relations
Utilitarianism
Voodoo economics
What is "The system of rules, practices, and procsses by which a company is directed and controlled"? (Investopedia).
Governance
Regulation
Ethics
Laws
What are some of the problems with CSR? Select all that apply
CSR cannot change the underlying business model, which may be harmful
CSR can help to cover up bad behaviour (reputation laundering)
CSR makes businesses have less profits
CSR is not monitored, and companies are not legally punished for failing in their CSR goals
