QUESTIONS WITH CORRECT
ANSWERS
Corporate social responsibility (CSR) - Answer-taking responsibility for the impact of its
actions on its shareholders, consumers, employees, community, environment, and
suppliers
Supply chain sustainability - Answer-a component of CSR that focuses on developing
and maintaining a supply chain that meets the needs of the present without
compromising the ability of future generations
Bathsheba syndrome - Answer-moral corruption of people in power
Cultural relativism - Answer-observation that different cultures employ different norms
(or standards)
Moral relativism - Answer-The view that there is no absolute or universal moral law or
truth, resulting in a morality determined by cultural factors or personal preference.
egoist - Answer-believes in self-advancement
Psychological egoism - Answer-people always act from selfish motives, whether they
should or not
Ethical egoism - Answer-whether or not people always act from selfish motives, they
should if they want to be moral
altruism - Answer-unselfish regard for the welfare of others
Deontology - Answer-to do what is morally right is to do one's duty.
maxim - Answer-a general truth or rule of conduct; a short saying
Hedonism - Answer-pleasure is the greatest good for human beings
utilitarianism - Answer-idea that the goal of society should be to bring about the greatest
happiness for the greatest number of people
consequentialism - Answer-an ethical system that determines the level of goodness or
evil from the effect or result of an act