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Why Ethics Matter

Practice

Answer first, then reveal. Anything you mark Unsure or Missed goes to your review queue.

12 of 12 have the textbook's official worked answer.

  • 1

    Which of these concepts relates to utilitarianism? a. consequences b. actions c. character d. duty

  • 2

    According to the Greek system of logic introduced by Socrates, normative ethical theories ultimately are grounded in reason. a. True b. False

  • 3

    Explain why ethical responsibilities go beyond legal compliance.

  • 4

    Describe the difference between normative and descriptive ethical theories.

  • 5

    Which of the following is not a stakeholder? a. the media b. corporate culture c. the environment d. customers

  • 6

    According to Milton Friedman, a company’s social responsibility consists solely of bettering the welfare of society. a. True b. False

  • 7

    What is corporate social responsibility (CSR)?

  • 8

    Describe a practical way to prioritize the claims of stakeholders.

  • 9

    Describe how a company’s ethical business practices affect its goodwill.

  • 10

    Family is generally a strong influence on our ethical standards. a. True b. False

  • 11

    Which normative ethical theory supports the idea of holding multiple ethical standards? a. deontology b. utilitarianism c. virtue ethics d. none of the above

  • 12

    Describe the benefits of having a single ethical standard.