BDG Week 7 Quiz

The concept of an ethical dilemma is:

• A situation where there is a clear right and wrong choice

• A situation where moral principles conflict and it's not clear what is right

• A situation where legal guidelines provide a clear solution

• A situation where personal gain is the only consideration

The four-step approach in solving an ethical dilemma includes:

• Identifying the problem, considering the options, making a decision, and evaluating the decision

• Ignoring the problem, making a decision, acting on it, and forgetting about it

• Identifying the problem, asking others to solve it, making a decision, and evaluating the decision

• Considering the options, making a decision, acting on it, and ignoring the outcome

What are the current trends in society that have an impact on ethics in business?

• Technological advancements and digital privacy concerns

• Increased focus on sustainability and environmental responsibility

• Growing importance of diversity and inclusion

• All of the above

The concept of the triple bottom line refers to which of the following?

• A framework for businesses that includes social, environmental, and financial performance.

• A financial strategy focusing solely on profit maximization.

• A marketing approach that targets three key demographics.

• A legal requirement for all corporations to report their earnings.

What really motivates people to be honest in business?

• Financial incentives

• Fear of legal consequences

• Personal integrity

• Company culture

Fill in the blank: An ethical dilemma is a situation of conflicting morality, in which a person structurally explores in what way he will ____.

• make a decision

• ignore the situation

• consult others

• avoid responsibility

What is the first step in the Four Step Approach to Solving an Ethical Dilemma?

• Identify the problem

• Gather information

• Evaluate the alternatives

• Make a decision

What does the second step in the Four Step Approach to Solving an Ethical Dilemma involve?

• Identifying the ethical issues involved

• Gathering all relevant information

• Considering the available alternatives

• Making a decision and testing it

What is analyzed in the third step of the Four Step Approach to Solving an Ethical Dilemma?

• The consequences of each option

• The ethical principles involved

• The stakeholders affected

• The decision to be made

What is the focus of the fourth step in the Four Step Approach to Solving an Ethical Dilemma?

• Identifying the ethical issues

• Gathering all relevant information

• Evaluating the alternatives

• Making a decision and taking action