Which of the Following Approaches to Ethical Standards for Corporate

question 40

Multiple Choice

Which of the following approaches to ethical standards for corporate governance reflects the view that the best ethical action is the one that provides the most good or the least harm?

• A) common good approach
• B) utilitarian approach
• C) virtue approach
• D) fairness approach

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Definitions:

Rational Understandings

The ability to comprehend, interpret, and reason about information or situations in a logical and coherent manner.

Naïve Optimism

An overly positive and simple belief in the most favorable outcome of any situation without considering the complexities or potential challenges.

Tangible Benefits

Concrete advantages or gains, such as profit or improved health, which are directly attributable to a specific action or policy.

Technological Innovations

New inventions and improvements in existing technologies that can potentially change people's lives and society's structures.