#1
What does CSR stand for in the context of business ethics?
Corporate Social Responsibility
ExplanationPromoting responsible business practices that benefit society.
#2
What is the Triple Bottom Line in the context of sustainability?
Profit, people, and planet
ExplanationEvaluating performance based on economic, social, and environmental factors.
#3
What is the concept of 'stakeholder theory' in business ethics?
Considering the interests of all parties affected by business decisions
ExplanationAcknowledging the impact of business actions on various stakeholders.
#4
In ethical decision-making, what does the term 'cultural relativism' refer to?
Adapting one's ethical standards to fit the cultural context
ExplanationConsidering cultural norms and values when evaluating ethics.
#5
What is the concept of 'whitewashing' in the context of corporate social responsibility?
Exaggerating or covering up unethical practices to appear socially responsible
ExplanationMisrepresenting actions to create a favorable public image.
#6
Which ethical principle emphasizes treating all individuals fairly and equally?
Justice
ExplanationEnsuring fairness and equality in treatment.
#7
In the context of decision-making, what does the term 'whistleblowing' refer to?
Reporting unethical behavior within an organization
ExplanationBringing attention to unethical actions within an organization.
#8
What is the concept of 'conflict of interest' in ethical decision-making?
A situation where personal interests may interfere with professional duties
ExplanationBalancing personal interests with professional responsibilities.
#9
Which ethical theory suggests that the right action is the one that leads to the greatest overall happiness?
Utilitarianism
ExplanationMaximizing happiness and minimizing suffering for the greatest number of people.
#10
What does the acronym 'ESG' stand for in the context of sustainable investing?
Environmental, Social, and Governance
ExplanationEvaluating investments based on environmental, social, and governance criteria.
#11
What is the main goal of sustainable business practices?
Balancing economic, social, and environmental concerns
ExplanationEnsuring business activities meet the needs of present and future generations.
#12
Which ethical framework focuses on the inherent rights and dignity of individuals?
Deontology
ExplanationEmphasizing duty and moral obligation based on principles.
#13
What is the 'tragedy of the commons' in the context of environmental ethics?
Lack of resources for everyone to share
ExplanationDepletion of shared resources due to individual self-interest.
#14
What role does a code of ethics play in an organization?
It guides employees on acceptable behavior
ExplanationProviding standards for ethical conduct within the organization.
#15
What is the 'social contract' in ethical philosophy?
An agreement between individuals to form a society and abide by its rules
ExplanationMutual agreement among individuals to uphold societal norms and laws.