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Questions and Answers
What does the Rights Theory primarily focus on in business ethics?
What does the Rights Theory primarily focus on in business ethics?
Which of the following is a common source of unethical behavior in businesses?
Which of the following is a common source of unethical behavior in businesses?
What is a key characteristic of a circular economy?
What is a key characteristic of a circular economy?
What aspect of corporate social responsibility involves balancing shareholder interests with societal needs?
What aspect of corporate social responsibility involves balancing shareholder interests with societal needs?
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Which type of funding focuses on ethical business practices concerning environmental, social, and governance aspects?
Which type of funding focuses on ethical business practices concerning environmental, social, and governance aspects?
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Which ethical theory emphasizes the greatest good for the greatest number?
Which ethical theory emphasizes the greatest good for the greatest number?
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What is a significant challenge related to corporate social responsibility?
What is a significant challenge related to corporate social responsibility?
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Which of the following best describes greenwashing?
Which of the following best describes greenwashing?
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What is the main focus of stakeholder theory in business ethics?
What is the main focus of stakeholder theory in business ethics?
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Which global issue is primarily addressed by the Foreign Corrupt Practices Act?
Which global issue is primarily addressed by the Foreign Corrupt Practices Act?
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Utilitarianism is primarily concerned with individual rights in ethical decision-making.
Utilitarianism is primarily concerned with individual rights in ethical decision-making.
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Greenwashing refers to deceptive marketing practices that mislead consumers about the environmental benefits of a product.
Greenwashing refers to deceptive marketing practices that mislead consumers about the environmental benefits of a product.
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A circular economy emphasizes a linear approach to resource management.
A circular economy emphasizes a linear approach to resource management.
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Corporate social responsibility includes the business's obligation to consider the impact of its actions on both internal and external stakeholders.
Corporate social responsibility includes the business's obligation to consider the impact of its actions on both internal and external stakeholders.
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Diversity, equity, and inclusion are solely concerned with internal workforce dynamics in an organization.
Diversity, equity, and inclusion are solely concerned with internal workforce dynamics in an organization.
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What concept emphasizes the importance of businesses responsibly addressing the interests of both individuals and society?
What concept emphasizes the importance of businesses responsibly addressing the interests of both individuals and society?
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Which ethical theory focuses on fair distribution of benefits and burdens among individuals?
Which ethical theory focuses on fair distribution of benefits and burdens among individuals?
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What is a major consequence of engaging in greenwashing as a marketing strategy?
What is a major consequence of engaging in greenwashing as a marketing strategy?
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Which of the following practices violates ethical standards related to corporate governance?
Which of the following practices violates ethical standards related to corporate governance?
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What does a linear economy primarily focus on in terms of resource management?
What does a linear economy primarily focus on in terms of resource management?
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Study Notes
Chapter 2: Ethics, Social Responsibility, Sustainability
- Ethics Theories: Utilitarianism, Rights Theory, Justice Theory, Cultural Relativism
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Business Ethics:
- Resolving Ethical Dilemmas
- Codes of Ethics
- Sources of Unethical Behavior
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Corporate Social Responsibility:
- Efficiency and Profits as Social Responsibility
- Business Responsibilities to Society
- Stakeholder Theory: Internal and external stakeholders
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Sustainability:
- Carbon Footprints and Climate Change
- A Circular Economy (vs a Linear Economy)
- Greenwashing
- Environmental, Social, and Governance (ESG) Funds
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Additional Key Global Issues:
- Bribery and Corruption: Foreign Corrupt Practices Act
- Working Conditions and Human Rights
- Diversity, Equity, and Inclusion
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Description
Explore the concepts of ethics, social responsibility, and sustainability in business. This quiz covers ethical theories, corporate social responsibility, and the importance of environmental, social, and governance (ESG) practices. Test your knowledge on resolving ethical dilemmas and understanding the impacts of business on society.
