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</p> Signup and view all the answers

    What is the focus of Utilitarianism in evaluating actions?

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

    What does Utilitarianism make a norm of morality?

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

    What is the study of business ethics primarily concerned with?

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

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

    <p>Accountability</p> Signup and view all the answers

    How does business ethics help companies gain a competitive advantage?

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

    What does transparency mean in the context of business ethics?

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

    How does ethics influence decision-making in business?

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

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