Business Ethics Quiz
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Questions and Answers

Which ethical theory is Flo applying in her business decisions for Grounds Maintenance, Inc.?

  • The principle of rights (correct)
  • The categorical imperative
  • A religious rule
  • Utilitarianism

    • What is the ethical concern regarding Corporate Lockdown Inc.'s responsibilities?

  • A legal duty beyond those duties mandated by ethics
  • An ethical duty beyond those duties mandated by law (correct)
  • Any duty beyond those mandated by both ethics and the law
  • Any duty when it is uncertain whether a legal duty exists

    • What principle does CEO Quinn tend to base his decisions on?

  • The principle of rights
  • The Golden Rule (correct)
  • The categorical imperative
  • The Ten Commandments

    • What concept is Plastic Paints, Inc. demonstrating by ensuring safety and minimal environmental impact?

    <p>Corporate social responsibility</p> Signup and view all the answers

    Which ethical theory does Gina adhere to as the owner of Hi-way Transport, Inc.?

    <p>The principle of rights</p> Signup and view all the answers

    According to the utilitarian theory of ethics, what is not required?

    <p>The acquiring of the means of production by workers.</p> Signup and view all the answers

    What is a key factor in determining whether a business decision is ethical?

    <p>Affecting the rights of others.</p> Signup and view all the answers

    In business deals, what ethical standards does Gerard, the chief executive officer of HomeCare, Inc., follow?

    <p>Philosophical reasoning.</p> Signup and view all the answers

    What is Discount Retail Corporation expected to do as a 'citizen'?

    <p>Participate in bettering communities and society.</p> Signup and view all the answers

    In studying business law, what does ethics include in a business context?

    <p>Right or wrong behavior.</p> Signup and view all the answers

    What is not an effective way to deter unethical behavior in the workplace?

    <p>Distributing rewards without regard to ethics.</p> Signup and view all the answers

    What should be monitored by an ethical program to be effective in large corporations like Hatchery Inc.?

    <p>A committee that is separate from other corporate departments.</p> Signup and view all the answers

    What does Dian and other officers of Extraction Corporation apply in business contexts?

    <p>The consequences of an action.</p> Signup and view all the answers

    What is not required for the application of the utilitarian theory of ethics?

    <p>The acquiring of the means of production by workers.</p> Signup and view all the answers

    According to the view that Discount Retail Corporation is a 'citizen,' what is the company expected to do?

    <p>Participate in bettering communities and society.</p> Signup and view all the answers

    Study Notes

    Ethical Theories and Business Decisions

    • Flo's business decisions at Grounds Maintenance, Inc. are guided by teleological ethics, which considers the consequences of actions.
    • Corporate Lockdown Inc.'s responsibility is a concern due to its potential social and environmental impact.

    Decision-Making Principles

    • CEO Quinn tends to base his decisions on the principle of self-interest, prioritizing personal gain.

    Business Ethics and Social Responsibility

    • Plastic Paints, Inc. demonstrates corporate social responsibility by ensuring safety and minimizing environmental impact.
    • Gina, owner of Hi-way Transport, Inc., adheres to deontological ethics, which focuses on moral rules and duties.

    Utilitarian Theory

    • According to utilitarian theory, maximizing overall happiness or well-being is the primary goal, but it does not require equal distribution of happiness.

    Ethical Decision-Making

    • A key factor in determining whether a business decision is ethical is its impact on stakeholders.

    Business Ethics Standards

    • Gerard, CEO of HomeCare, Inc., follows principles of justice and fairness in business deals.

    Corporate Citizenship

    • Discount Retail Corporation, as a 'citizen', is expected to contribute to the common good and uphold ethical standards.

    Business Law and Ethics

    • Ethics in a business context includes morals, values, and principles that guide decision-making.

    Effective Ethics Programs

    • An ineffective way to deter unethical behavior in the workplace is relying solely on punishment.
    • An effective ethics program should monitor and enforce ethical standards, particularly in large corporations like Hatchery Inc.

    Business Ethics Application

    • Dian and other officers of Extraction Corporation apply virtue ethics, which focuses on character development, in business contexts.
    • The utilitarian theory does not require absolute moral rules or equal distribution of happiness.

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    Description

    Test your knowledge of business ethics with this quiz, featuring scenarios related to ethical decision-making in the workplace. Explore various ethical principles and apply them to real-world situations.

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