BUSAD 120 - Business Law » Winter 2024 » Worksheet 03.2 Ethical Principles and Philosophies

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Question #1
The application of moral and ethical analysis to a situation is usually called ethical ___ .
A.   reasoning
B.   acting
Question #2
________ethics is rooted in the idea that every person owes certain responsibilities to others and the planet.
A.   Duty based
B.   Category-based
Question #3
___ ethics focuses on the consequences of a decision.
A.   Outcome-based
B.   Religion-based
Question #4
Under the concept of duty-based ethics, which of the following represent sources from which standards of behavior in society are derived?
A.   Resource allocation analysis
B.   Religious authorities and texts & Philosophical reasoning
C.   Profit/Loss analysis
D.   Resource allocation analysis & Profit/Loss analysis
Question #5
Under the Principle of Rights, or "rights theory", which of the following are groups whose rights a company should consider before making a decision?
A.   The company's owners
B.   The consumers of the company's products or services
C.   all answers are correct
D.   The company's suppliers
E.   society as a whole
F.   The company's employees
Question #6
Immanuel Kant is most associated with which theory for ethical behavior?
A.   The idea that moral behavior is based upon the fundamental nature of human beings
B.   The idea that moral behavior is based upon what is best for the largest number of people
C.   The idea that moral behavior is aligned with whatever has been codified by the law
Question #7
The idea that individuals should evaluate their actions in light of the consequences that would follow if everyone in society acted in the same way is known as the:
A.   ethical theory of rights.
B.   categorical imperative.
C.   conflictual imperative.
D.   equal behavior principle.
Question #8
__ is a philosophical theory developed by two British philosophers, Bentham and Mill, whose major premise is "the greatest good for the greatest number of people".
A.   Duty-based ethics
B.   Principle of rights
C.   Moral principle of action
D.   Utilitarianism
Question #9
The utilitarian approach to decision making has been seen as problematic by some because even the greatest good to the greatest number may create unacceptable harm to the few.
A.   TRUE
B.   FALSE
Question #10
Corporate social responsibility combines a commitment to good corporate citizenship with a commitment to making ethical decisions, improving society, and minimizing environmental impact.
A.   FALSE
B.   TRUE
Question #11
Under the theory of corporate social responsibility, many corporations publish reports outlining how they comply with this theory. These are often called:
A.   corporate profit reports.
B.   corporate sustainability reports.
C.   corporate rights reports.
D.   corporate ethics reports.
Question #12
Customers, creditors, suppliers, employees, and the community in which a business operates are all:
A.   stakeholders.
B.   managers.
C.   shareholders.
D.   partners.
Question #13
All shareholders are stakeholders and all stakeholders are shareholders.
A.   TRUE
B.   FALSE
Question #14
To apply the utilitarian theory to a business decision, a company should consider: a determination of which _____ will be affected by the action in question, a _____ analysis of the positive and negative effects of all alternate options, and the selection of a choice of action that will produce the ______ ______ .
A.   individuals, cost-benefit, maximum, societal utility
B.   employees, moral, minimum, harm
C.   individuals, moral, maximum, societal utility
D.   employees, moral, maximum, harm

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