QUESTIONS AND CORRECT
ANSWERS
The most common reason ethical problems manifest in business ✅✅CORRECT ANSW-an
overemphasis on short term profit
Religious Ethical Standards ✅✅CORRECT ANSW-rightness or wrongness of an action is usually
judged according to its conformity to an absolute rule that commands a particular form of behavior
Kantian Ethics ✅✅CORRECT ANSW-rightness or wrongness of an action is judged by estimating
the consequences that would follow if everyone in society performed the act under consideration
Principle Rights ✅✅CORRECT ANSW-in deciding whether an action is ethical, one should consider
what consequences their actions would have on fundamental rights of others
Utilitarianism ✅✅CORRECT ANSW-an action is ethical based n whether is produced the greatest
good for the greatest number of people upon which it has an effect
Corporate Social Responsibility ✅✅CORRECT ANSW-the theory that those who manage
corporations should be accountable to society for their actions
stakeholder approach ✅✅CORRECT ANSW-corporations have a duty not only to shareholders but
to other groups (stakeholders) affected by corporate actions
corporate citizenship approach ✅✅CORRECT ANSW-organization should promote goals that
society considers worthwhile and take positive steps towards solving problems
Ethics ✅✅CORRECT ANSW-the study of right and wrong behavior; knowing whether the action is
fair, right, and just.
Business Ethics ✅✅CORRECT ANSW-directors and officers owe a complex set of duties to all of
their stakeholders