List – I List – II a. Utilitarian theory i. Behaviour guiding statements. b. Code ii. Making public known about unethical company practices. c. Whistle blowing iii. Society with varied interest groups. d. Pluralistic society iv. Evaluation of plans with its consequences
Matching Corporate Ethics Concepts (List-I with List-II)
The question requires matching concepts from List-I with their definitions or descriptions in List-II related to corporate ethics.
Explanation of Matches:
- Utilitarian theory (a): This ethical theory involves evaluating actions based on their outcomes or consequences. The best action is the one that maximizes utility or happiness for the greatest number of people. This aligns with iv. Evaluation of plans with its consequences.
- Code (b): In a corporate context, a code refers to a formal set of principles or guidelines that dictate expected behavior. This matches i. Behaviour guiding statements.
- Whistle blowing (c): This is the act of reporting misconduct, unethical practices, or illegal activities within an organization to the public or relevant authorities. This corresponds to ii. Making public known about unethical company practices.
- Pluralistic society (d): This describes a society where diverse groups with varying interests and beliefs coexist and influence public life. This aligns with iii. Society with varied interest groups.
Correct Matching Code:
Based on the explanations above, the correct matching is:
- a - iv
- b - i
- c - ii
- d - iii
This corresponds to the code a - iv, b - i, c - ii, d - iii.
Important Questions from Business Ethics
Statement I : "Working in harmony with the community and environment around us and not cheating our customers and workers we might not gain anything in the short run but in the long term it means greater profits and shareholders value".
Statement II : According to Mahatma Gandhi, capitalist class owns wealth or capital as trustees of the society.
Codes :
- Which of the following statements are correct ? Indicate the correct code.
Statement (I) : Virtue ethics is a form of ethical approach associated with Aristotle which stresses the importance of developing virtuous principles, ‘right’ character and the pursuit of a virtuous life.
Statement (II) : Utilitarianism is an ethical approach where an action is right if, and only if, it conforms to the principle of utility, whereby utility is minimised and pain and unhappiness minimised more than any alternative.
Statement (III) : ‘Deontological Ethics’ is an ethical approach where rightness or wrongness of an action or decision is not judged to be based exclusively on the consequences of that action or decision.
Code : - Which of the following is related to the practical means of determining a moral course of action ?
Which of the following statements is true?
Given below are two statements:
Statement I: To exist and be successful in a competitive world a business has to be ethical.
Statement II: An ethical organisation can be recognized on the basis of its corporate excellence and not on its relations with the stakeholders.
In light of the above statements, choose the most appropriate answer from the options given below
