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International Business Ethics Quiz

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Questions and Answers

What is a potential consequence of prioritizing profit above ethical standards in international business?

Exploitation of local differences (correct)

Increased employee satisfaction

Enhanced corporate reputation

Positive consumer responses

What does Corporate Social Responsibility (CSR) primarily focus on?

Voluntary actions that benefit society (correct)

Maximizing shareholder profits

Actions that strictly comply with legal requirements

Adhering to cultural ethical standards

Which ethical theory emphasizes that the motivation behind actions is crucial for evaluating moral worth?

Virtue ethics

Utilitarianism

Social contract theory

Kantian philosophy (correct)

How are ethical dilemmas in international management often characterized?

By conflicts between local and business-related ethical standards Signup and view all the answers

What is a key challenge in establishing universal ethical standards in international business?

Differing cultural views and norms Signup and view all the answers

What role does cultural relativism play in ethical decision-making for international businesses?

It suggests local adaptation of ethical standards. Signup and view all the answers

Which of the following best describes the relationship between business ethics and CSR?

They are complementary elements of a company’s social profile. Signup and view all the answers

Which situation exemplifies a potential ethical conflict in international management?

Exploiting lax labor laws in host countries Signup and view all the answers

What is the primary focus of utilitarianism?

Maximizing overall well-being for the greatest number Signup and view all the answers

How does utilitarianism influence business decision-making?

By aligning with cost-benefit analysis practices Signup and view all the answers

Which ethical framework emphasizes the importance of character in moral actions?

Aristotelian Virtue Ethics Signup and view all the answers

What is a key characteristic of Eastern philosophy compared to Western philosophy?

View of individuals as part of the universe Signup and view all the answers

What distinguishes consequentialism from other ethical theories?

It focuses solely on the consequences of actions. Signup and view all the answers

In international management, what role do ethical frameworks play?

They provide different approaches to moral dilemmas. Signup and view all the answers

Which statement best describes utilitarianism's evaluation of actions?

Actions are right if they maximize utility for the majority. Signup and view all the answers

What foundational aspect does Kantianism focus on in moral reasoning?

Universal moral principles Signup and view all the answers