Ethics Of Business Quiz

The correct answer is a concise and accurate explanation of utilitarianism. It states that an action is morally right if it leads to the greatest amount of good for the greatest number of people affected by the action. This aligns with the core principle of utilitarianism, which prioritizes the overall happiness and well-being of the majority. By maximizing the positive consequences and minimizing negative outcomes, utilitarianism aims to promote the greatest overall welfare in society.

Whistleblowers are individuals who, despite their obligations and loyalty to their employer, choose to exceed normal procedures and report any misconduct or wrongdoing within the organization. Their actions are motivated by a desire to serve the greater good and protect the interests of the public.

The term "grey area" is commonly used to describe situations where the boundaries between ethics and law are unclear or ambiguous. In these cases, it can be difficult to determine what is morally right or legally permissible. The grey area represents the overlap between ethics and law, where actions may not be explicitly illegal but may still raise ethical concerns. It signifies the complexity and nuance involved in navigating the intersection of these two domains.

Ethical theories are frameworks that provide rules and principles to determine what is morally right and wrong in various situations. These theories guide individuals and organizations in making ethical decisions and conducting themselves in an ethical manner. They help to establish a moral compass and provide guidelines for evaluating actions and behaviors. By following ethical theories, individuals and organizations can strive to maintain high ethical standards and promote good moral practices in their personal and professional lives.

The answer is correct because it accurately summarizes the principles of universality and human dignity in the ethics of duty. The principle of universality states that one should only act in a way that they would be willing for their action to become a universal law. This means that the action should be applicable to everyone in all situations. The principle of human dignity emphasizes treating humanity as an end in itself, rather than simply as a means to an end. This means that individuals should be respected and valued for their inherent worth and not exploited or used solely for personal gain.

The correct answer is "Do unto others as you would have them do unto you" because it aligns with the principle of treating others with the same respect and kindness that you would like to receive. This principle is commonly known as the Golden Rule and is a fundamental aspect of many ethical frameworks, including the Divine command theory. It promotes empathy, fairness, and the consideration of others' well-being in our actions and decisions.

Business ethics refers to the examination and analysis of various business situations, activities, and decisions that involve moral and ethical considerations. It involves evaluating whether certain actions or practices are right or wrong, and addressing any ethical dilemmas that may arise in the business context. Business ethics helps organizations make decisions that align with moral principles and societal expectations, ensuring that they operate in an ethical and responsible manner. By studying business ethics, individuals and organizations can gain a deeper understanding of the ethical implications of their actions and make informed choices that promote ethical behavior.

The correct answer is defining what is right and wrong for an individual or a community. Morality refers to the principles and values that guide individuals and communities in determining what is right and wrong. It involves making ethical decisions and understanding the difference between right and wrong based on personal or collective beliefs and values. Morality helps establish a framework for behavior and guides individuals in making choices that align with their sense of right and wrong.

John Locke's Ethics of Rights is based on the idea that individuals have certain fundamental rights that should be protected and respected. These rights include the right to life, liberty, justice, and property. Locke believed that these rights are inherent to all individuals and should not be violated by others or the government. The right to life ensures that individuals have the right to live and be free from harm. The right to liberty allows individuals to make choices and pursue their own interests without interference. The right to justice ensures that individuals are treated fairly and equitably. Finally, the right to property allows individuals to own and control their possessions and resources.

This answer suggests that virtue ethics assumes that good persons will make good decisions and that personal qualities have an impact on these decisions. In virtue ethics, the focus is on the moral character of individuals and the development of virtuous traits, such as honesty, integrity, and compassion. It is believed that individuals with these positive personal qualities are more likely to make ethical decisions. Therefore, virtue ethics emphasizes the importance of personal qualities in decision-making.

This answer explains that consequentialism/teleological focuses on the outcomes or consequences of ethical decisions rather than moral principles. It suggests that the ethical decision-making process involves considering the potential outcomes and choosing the action that leads to the best consequences. This approach prioritizes the intrinsic goodness or value of an action based on its consequences rather than adhering to a set of moral principles. Additionally, it implies that the actions of competitors or others may influence one's own decisions, as the consequences of their actions can impact the overall outcome.

The correct answer is Jeremy Bentham & John Stuart Mills. Jeremy Bentham and John Stuart Mill were both influential philosophers who developed the concept of utilitarianism. Bentham is considered the founder of utilitarianism, and his principle of "the greatest happiness for the greatest number" forms the basis of this ethical theory. John Stuart Mill, a student of Bentham, further developed and refined the theory, emphasizing the importance of individual rights and the quality of happiness. Together, their ideas have had a significant impact on the field of ethics and continue to shape moral reasoning today.

The correct answer is capitalism, the profit motive & a free market environment. This answer accurately describes the UK's economic model. Capitalism refers to an economic system where private individuals or businesses own and control the means of production. The profit motive implies that individuals and businesses are driven by the desire to make a profit. A free market environment means that the market operates without significant government intervention, allowing for competition and the exchange of goods and services based on supply and demand.

The Body Shop can be considered an ethical company because it has a strong commitment to social and environmental responsibility. They are known for their efforts in promoting fair trade, using sustainable ingredients, and fighting against animal testing. The company has a clear mission to make a positive impact on society and has implemented various initiatives to support this goal. This sets The Body Shop apart from Primark, Nike, and Enron, which have faced controversies related to labor practices, environmental issues, and unethical business practices.

The correct answer is "Wisdom, courage, self-control & justice." Plato believed that these four virtues were essential for living a good and just life. Wisdom refers to the ability to make rational decisions based on knowledge and understanding. Courage is the willingness to face challenges and overcome fear. Self-control involves restraining one's desires and impulses. Justice is the principle of fairness and treating others with respect. These virtues work together to guide individuals towards a morally upright and fulfilling life.

Kohlberg's theory of Cognitive Moral Development proposes that individuals progress through three levels of moral reasoning: pre-conventional, conventional, and post-conventional. In the pre-conventional level, individuals make decisions based on self-interest and avoiding punishment. In the conventional level, individuals make decisions based on societal norms and expectations. In the post-conventional level, individuals make decisions based on their own ethical principles and values, even if they conflict with societal norms. Therefore, the correct answer is "Post-conventional, conventional, pre-conventional."

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Kant, I is the correct answer because Immanuel Kant is widely known for his contributions to the field of ethics, specifically his theory of deontological ethics or the ethics of duty. Kant argued that moral actions should be based on a sense of duty and adherence to moral principles, rather than the consequences of those actions. His work in ethics has had a significant impact on the field and continues to be influential today.

The answer is Retributive justice, Procedural justice, Distributive justice. Retributive justice refers to the punishment of wrongdoers in proportion to their offenses. Procedural justice focuses on the fairness and transparency of the legal processes involved in resolving disputes. Distributive justice deals with the fair distribution of resources and opportunities in society. These three concepts are all related to the ethical principles and considerations involved in the administration of justice.

Ethical companies are more likely to achieve government funding and local funds because governments and local communities are more inclined to support and invest in businesses that demonstrate responsible and ethical practices. This support can come in the form of grants, subsidies, tax incentives, and other financial resources. By prioritizing ethics, companies can build trust and credibility with stakeholders, including government entities and local communities, which can ultimately lead to increased financial support and resources.

The absolutist/cognitive perspective is divided into different categories, including ethical relativism/non-relativism, cognitivism/non-cognitivism, consequentialist/non-consequentialist, and external/internal. The correct answer, consequentialist/non-consequentialist, refers to the ethical theories that focus on the consequences or outcomes of actions versus those that consider other factors such as intentions or duties. Consequentialist theories believe that the morality of an action is determined by its consequences, while non-consequentialist theories argue that other factors, such as intentions or moral duties, should also be considered.

Ethical egoism is a moral theory that suggests individuals should prioritize their own self-interests and well-being above the interests of others. The answer "Look after no.1" accurately captures this concept by emphasizing the importance of self-care and self-preservation. It implies that individuals should prioritize their own needs and desires rather than sacrificing them for the sake of others. This aligns with the principles of ethical egoism, which advocates for individuals to act in their own best interests.

Engaging in business ethics is important for a company to maintain a positive reputation and avoid legal issues. It also helps to build strong relationships with stakeholders and enhance the company's corporate reputation. However, enhancing global relationships is not specifically a reason for a business to engage in business ethics. While maintaining ethical practices may indirectly contribute to enhancing global relationships, it is not the primary motivation behind engaging in business ethics.

Ethical absolutism/cognitivism is the belief that there are eternal and universally applicable moral principles. It asserts that right and wrong are objective qualities that can be determined regardless of the context or subjective opinions. This perspective holds that there are strict and absolute rules governing ethical conduct, which are not influenced by individual or cultural factors. In other words, ethical absolutism/cognitivism argues for the existence of universal moral truths that can be rationally determined and applied in any situation.