Business Ethics Fundamentals
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Questions and Answers

Compliance refers to obeying the law because we necessarily agree with it.

False

Deontology is an ethical theory that uses rules to distinguish right from wrong.

True

Utilitarianism advocates actions that cause unhappiness or harm.

False

Virtue theory suggests that one should behave based on personal interest rather than moral principles.

<p>False</p> Signup and view all the answers

Stakeholders are individuals or organizations that are only affected by the organization.

<p>False</p> Signup and view all the answers

Stockholder theory argues that a corporation's sole obligation is to maximize shareholder wealth.

<p>True</p> Signup and view all the answers

Goodwill promotes discrimination based on race, color, creed, sexual orientation, disability or national origin.

<p>False</p> Signup and view all the answers

Acting with integrity involves doing the right thing even when it's challenging or not popular.

<p>True</p> Signup and view all the answers

Corporate culture encourages secrecy and lack of transparency within the organization.

<p>False</p> Signup and view all the answers

Utilitarianism supports actions that contribute to happiness and pleasure while opposing those that cause harm or unhappiness.

<p>True</p> Signup and view all the answers

Deontology relies on individual subjective judgment rather than following established rules to determine right from wrong.

<p>False</p> Signup and view all the answers

Social contract theory establishes agreements that define moral and political rules of behavior within society.

<p>True</p> Signup and view all the answers

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