QUESTION Which of the following practices should be avoided by a company to ensure ethical decision making? A. Auditing past decisions made in the company B. Protecting the fundamental rights of stakeholders C. Taking care of the interests of external stakeholders D. Placing its economic interests before its moral principles E. Adopting the moral principles […]
QUESTION Which of the following terms, developed by Rawls, indicates that inequalities are justified if they benefit the position of the least-advantaged members of society? A. Difference principle B. The tragedy of the global commons C. The theory of private equity D. Unity of command E. Laws of equivalent trade ANSWER A
QUESTION According to Rawls, which of the following principles would be unanimously accepted by people under the veil of ignorance? A. People should be discriminated on the basis of cast and class. B. Inequalities in income and wealth distribution should not be justified under any condition. C. The political and economic freedom of people should […]
QUESTION Businesses can make sure that they are hiring individuals with strong personal ethics by: A. employing only those people who have a very high intelligence quotient. B. administering simple tests that indicate analytical skills of a prospective employee. C. asking for letters of reference from the prospective employees. D. hiring only those people who […]
QUESTION The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to: A. restrict its employees from joining a trade union. B. […]
QUESTION The primary purpose for which managers use a moral compass is to: A. help them navigate through difficult ethical dilemmas. B. maximize stockholders’ wealth. C. legally justify their unethical behavior. D. identify new markets that have the best growth potential. E. establish political imperialism in host countries. ANSWER A
QUESTION In a business setting, which of the following practices is most likely to be considered as unethical? A. Allowing managers within a company to act in accordance with rights theories B. Promoting employees who engage in ethical behavior and penalizing those who do not C. Hiring independent auditors to ensure that subcontractors used by […]
QUESTION Who falls into the category of external stakeholders of an organization? A. Employees B. Customers C. Trustees D. Board of directors E. Stockholders ANSWER B
QUESTION While making a business decision, a manager who believes in rights theories is most likely to focus on: A. respecting fundamental human privileges. B. achieving collective goals, even if that involves violating fundamental rights. C. propagating home-country standards of ethics. D. weighing the associated social benefits, costs, and risks. E. maximizing stockholders’ wealth and […]
QUESTION Jonathan is the manager of his company’s facilities in the Philippines. He believes in ensuring the exact same standards of working conditions, wages, and labor management in the Philippines as practiced by the company’s corporate office in its home country, the United States. His policy does not always lead to profits because of the […]
