Utilitarianism and Ethical Frameworks
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Questions and Answers

What is the main principle of Utilitarianism?

  • Always follow societal norms and rules
  • Focus on individual intentions rather than the outcome
  • Do whatever produces the greatest good for the greatest number (correct)
  • Rely solely on subjective opinions and feelings

What does Utilitarianism consider as the basis of morality?

  • Societal norms and rules
  • Subjective opinions and feelings
  • Individual intentions
  • Consequences of actions (correct)

What is a potential criticism of Utilitarianism?

  • It relies too heavily on subjective opinions and feelings (correct)
  • It places no emphasis on consequences
  • It disregards societal norms and rules
  • It focuses too much on individual intentions

How does Utilitarianism evaluate actions?

<p>Based on their consequences (B)</p> Signup and view all the answers

What is the focus of Utilitarianism in evaluating actions?

<p>Consequences of actions (C)</p> Signup and view all the answers

What does Utilitarianism make a norm of morality?

<p>Pleasure as the highest good (C)</p> Signup and view all the answers

What is the study of business ethics primarily concerned with?

<p>Questioning ethical standards and policies (C)</p> Signup and view all the answers

How does business ethics contribute to a company's reputation?

<p>By maintaining fair and honest business conduct (B)</p> Signup and view all the answers

What role does fairness play in the socioeconomic development of a country?

<p>Promoting equal opportunities for all citizens (D)</p> Signup and view all the answers

What is the main purpose of a Code of Ethics for a company?

<p>To guide in ethical business operations (D)</p> Signup and view all the answers

Which principle focuses on holding government officials responsible for their actions and decisions?

<p>Accountability (A)</p> Signup and view all the answers

How does business ethics help companies gain a competitive advantage?

<p>By enhancing their reputation (C)</p> Signup and view all the answers

What does transparency mean in the context of business ethics?

<p>Being authentic in decision-making processes (D)</p> Signup and view all the answers

How does ethics influence decision-making in business?

<p>By guiding and influencing decision-making (A)</p> Signup and view all the answers

Why is it suggested that each company formulates its own Code of Ethics?

<p>To help avoid significant financial and legal issues (A)</p> Signup and view all the answers

What does the principle of accountability focus on in socioeconomic development?

<p>Holding government officials responsible for their actions and decisions (C)</p> Signup and view all the answers

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