CPM CPM Ethics & Professional Responsibility 2

Question 1

Corporate social responsibility (CSR) requires managers to consider the interests of:

Accepted Answer

All stakeholders including community and environment

Answer

CSR expands managerial accountability beyond shareholders to encompass employees, customers, communities, and environmental impact.

Question 2

The concept of 'triple bottom line' in ethical management refers to measuring performance in terms of:

Accepted Answer

People, planet, and profit

Answer

The triple bottom line framework measures organizational success across social, environmental, and financial dimensions.

Question 3

When a manager faces an ethical dilemma, the BEST first step is to:

Accepted Answer

Identify all stakeholders affected by the decision

Answer

Identifying all affected stakeholders ensures the ethical decision-making process considers the full scope of impact before acting.

Question 4

Which of the following BEST describes 'ethical relativism'?

Accepted Answer

Moral standards vary by culture, situation, or individual

Answer

Ethical relativism holds that moral judgments are not universal but are shaped by cultural, situational, or personal contexts.

Question 5

A manager who discloses all relevant information to team members and stakeholders is demonstrating which ethical principle?

Accepted Answer

Transparency

Answer

Transparency involves openly sharing information that stakeholders need to make informed decisions and maintain trust.

(CPM) Certified Professional Manager Practice Test