Practice Approaches To Ethical Decision-making (26.4) - Ethics and Corporate Governance

Practice: Approaches to Ethical Decision-Making

Lesson 26.4Ethics and Corporate Governance

Practise this section

9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What does the Utilitarian approach focus on?
Show hintHide hint
Think about the outcomes or the consequences of actions.
Question 2.
Name one characteristic of the Rights-Based approach.
Show hintHide hint
What should businesses prioritize regarding stakeholders?
3Question 3.
What is the main focus of the Utilitarian approach?
- Individual rights
- Greatest good for the greatest number
- Fair treatment
Show hintHide hint
Think about the consequences of actions taken for the majority.
4Question 4.
True or False: The Justice approach focuses solely on the outcomes of decisions.
- True
- False
Show hintHide hint
Consider what justice means in the context of business ethics.
Question 5.
Consider a scenario where a new law requires reducing emissions significantly. A business can either invest heavily in technology that costs much or maintain current practices causing harm. Analyze this situation using the four ethical approaches.
Show hintHide hint
Think about the consequences of each action and what values are at stake.
Question 6.
Imagine a company must decide whether to disclose a flaw in its product. Perform an ethical analysis from the four approaches.
Show hintHide hint
Consider how each approach influences the overall decision.

5 more questions in this section. Enroll free to practise them all.