UExcel Business Ethics

Question 1

Which ethical theory holds that the morality of an action is determined solely by its consequences?

Accepted Answer

Consequentialism

Answer

Consequentialism judges actions as right or wrong based on the outcomes they produce, with utilitarianism being its most well-known form.

Question 2

A corporate code of ethics primarily serves to:

Accepted Answer

Guide employee behavior and establish organizational values

Answer

A corporate code of ethics communicates organizational values and provides guidelines for ethical decision-making by employees.

Question 3

What is the concept of corporate social responsibility (CSR)?

Accepted Answer

The idea that businesses have obligations to society beyond profit generation

Answer

CSR refers to a business's commitment to operating ethically and contributing positively to society, the environment, and stakeholders.

Question 4

Which of the following is an example of a conflict of interest?

Accepted Answer

A purchasing officer selects their spouse's company for a contract without disclosure

Answer

A conflict of interest occurs when personal interests could inappropriately influence professional decisions.

Question 5

What is whistleblowing in a business context?

Accepted Answer

An employee reporting their own company's illegal or unethical conduct

Answer

Whistleblowing occurs when an employee reports internally or externally about organizational wrongdoing or illegal activities.

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