16 Questions
What is the main principle of Utilitarianism?
Do whatever produces the greatest good for the greatest number
What does Utilitarianism consider as the basis of morality?
Consequences of actions
What is a potential criticism of Utilitarianism?
It relies too heavily on subjective opinions and feelings
How does Utilitarianism evaluate actions?
Based on their consequences
What is the focus of Utilitarianism in evaluating actions?
Consequences of actions
What does Utilitarianism make a norm of morality?
Pleasure as the highest good
What is the study of business ethics primarily concerned with?
Questioning ethical standards and policies
How does business ethics contribute to a company's reputation?
By maintaining fair and honest business conduct
What role does fairness play in the socioeconomic development of a country?
Promoting equal opportunities for all citizens
What is the main purpose of a Code of Ethics for a company?
To guide in ethical business operations
Which principle focuses on holding government officials responsible for their actions and decisions?
Accountability
How does business ethics help companies gain a competitive advantage?
By enhancing their reputation
What does transparency mean in the context of business ethics?
Being authentic in decision-making processes
How does ethics influence decision-making in business?
By guiding and influencing decision-making
Why is it suggested that each company formulates its own Code of Ethics?
To help avoid significant financial and legal issues
What does the principle of accountability focus on in socioeconomic development?
Holding government officials responsible for their actions and decisions
Test your knowledge of utilitarianism, the consequentialist ethical theory that prioritizes actions based on producing the greatest good for the greatest number. Explore the concepts of utilitarian ethics and its principles in this quiz.
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