GBA 490 Exam 3 QUESTIONS AND

GBA 490 Exam 3 QUESTIONS AND ANSWERS 100% score (reupdated 2025) What are the three ethical schools? - Correct Answers ✅School of Ethical Universalism School of Ethical Relativism Integrated Social Contracts Theory The _____ holds that the most fundamental conceptions of right and wrong are UNIVERSAL and apply to members of all societies, all companies, and all businesspeople - Correct Answers ✅School of ethical universalism What school holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is totally inappropriate?

• Correct Answers ✅The school of ethical relativism

According to the _____, different societal cultures and customs have divergent values and standards of right and wrong - Correct Answers ✅School of ethical relativism What ethical school states that what is ethical or unethical must be judged in the light of local customs and social mores and can vary from one culture or nation to another? - Correct Answers ✅School of ethical relativism According to _____, the ethical standards a company should try to uphold are governed by both 1 / 3

GBA 490 Exam 3 QUESTIONS AND ANSWERS 100% score (reupdated 2025)

• A limited number of universal ethical principles that are

widely recognized as putting legitimate ethical boundaries on behaviors in ALL situations and

• The circumstances of local cultures, traditions, and values

that further prescribe what constitutes ethically permissible behavior - Correct Answers ✅Integrative social contracts theory According to the ____, universal ethical principles based on the collective views of multiple cultures and societies combine to form a "social contract" that all individuals in all situations have a duty to observe. - Correct Answers ✅Integrated social contracts theory Within the boundaries of the social contract in the integrated social contracts theory, local cultures and groups can specify what? - Correct Answers ✅What additional actions are not ethically permissible Sustainability most often concerns what? - Correct Answers ✅A firm's relationship to the environment and its use of natural resources The term corporate social responsibility concerns what? - Correct Answers ✅A company's duty to operate in an honorable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment, and support philanthropic 2 / 3

GBA 490 Exam 3 QUESTIONS AND ANSWERS 100% score (reupdated 2025) endeavors in local communities where it operates and in society at large What are the 3 main drivers of unethical business? - Correct Answers ✅1. Faulty oversight (enabling the unscrupulous pursuit of personal gain and self-interest)

• Heavy pressures on company managers to meet or beat

short-term performance targets

• A company culture that puts profitability and business

performance ahead of ethical behavior Why should a company's strategy be ethical? - Correct Answers ✅1. A strategy that is unethical is morally wrong and reflects badly on the character of the company and its personnel

• An ethical strategy can be good business and serve the

self-interest of shareholders

• Components of a Corporate Social Responsibility Strategy -

Correct Answers ✅1. Actions to ensure the company operates honorably and ethically

• Actions to support philanthropy, participate in community

service, and better the quality of life worldwide

• Actions to protect and sustain the environment
• Actions to enhance employee well-being and make the

company a great place to work

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