Understanding Business Ethics and Decisions

Front

What is the primary focus of utilitarianism in ethical decision-making?

Back

Achieving the greatest good for the greatest number

Front

Which step in the ethical decision-making process involves evaluating alternatives using ethical frameworks?

Back

Evaluate the alternatives using ethical frameworks

Front

How does deontology differ from utilitarianism in ethical decision-making?

Back

Deontology emphasizes duties, while utilitarianism focuses on consequences.

Front

Which of the following is an example of unethical behavior in business?
Implementing a policy that benefits the majority,
Providing equal pay for equal work,
Misleading advertising,
Respecting an employee's right to privacy

Back

Misleading advertising

Front

In the context of ethical philosophies, what does the concept of justice primarily focus on?

Back

Fairness, equality, and impartiality

Front

Why is it important for organizations to establish a formal code of ethics?

Back

To outline employee responsibilities and expected behavior

Front

Analyze how corporate social responsibility (CSR) can impact stakeholder relationships. Provide examples to support your reasoning.

Back

CSR can enhance trust and loyalty among stakeholders by addressing economic, social, and environmental concerns.

Front

Evaluate the role of leadership in shaping the ethical climate of an organization. What strategies can leaders employ to promote ethical behavior?

Back

Leaders can promote ethical behavior by setting a good example and implementing reward systems for ethical conduct.

Front

Discuss the potential ethical issues that may arise with the use of artificial intelligence and automation in business. How can organizations address these concerns?

Back

Ethical issues include data privacy, job displacement, and bias; organizations can address these by implementing ethical guidelines and transparency.

Front

What are the key components of ethical decision-making?

Back

Moral awareness, moral judgment, and ethical behavior