RSM Leadership and Ethics 1

Question 1

RSM's leadership development philosophy emphasizes which core concept as central to effective leadership?

Accepted Answer

Responsible leadership that creates value for society

Answer

RSM champions 'responsible leadership,' which focuses on creating long-term value for business and society rather than purely financial outcomes.

Question 2

Which ethical framework is most closely associated with evaluating the consequences of business decisions by weighing overall societal benefit?

Accepted Answer

Utilitarian ethics

Answer

Utilitarian ethics judges decisions by their outcomes, aiming to maximize overall well-being or benefit for the greatest number of people.

Question 3

In leadership theory, what distinguishes transformational leadership from transactional leadership?

Accepted Answer

Transformational leaders inspire change through vision; transactional leaders rely on reward-and-penalty systems

Answer

Transformational leaders motivate followers through an inspiring vision and personal appeal, while transactional leaders use structured exchanges of rewards and penalties.

Question 4

RSM's MBA program incorporates the UN Sustainable Development Goals (SDGs) primarily to encourage students to do what?

Accepted Answer

Align business strategy with broader social and environmental responsibilities

Answer

RSM integrates the SDGs to help students understand how business decisions can and should contribute to global sustainability and societal challenges.

Question 5

What is 'stakeholder theory' in the context of business ethics?

Accepted Answer

The view that businesses must consider the interests of all parties affected by their actions

Answer

Stakeholder theory, associated with R. Edward Freeman, holds that companies are responsible to employees, customers, suppliers, communities, and shareholders alike.

(RSM) Rotterdam School of Management Practice Test

(RSM) Rotterdam School of Management Practice Test

RSM Leadership and Ethics 1