Which of the Following Approaches to Ethical Standards for Corporate

question 18

Multiple Choice

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action treats everyone equally and in a just manner?

• A) fairness approach
• B) virtue approach
• C) utilitarian approach
• D) rights approach

---

Definitions:

Win-Win

A situation or resolution where all parties involved gain benefits or satisfaction, ensuring a positive outcome for everyone.

Arbitration

A method of resolving disputes outside of court, where an impartial third party makes a decision that is binding on the parties.

Trust and Rely

The expectation and confidence in someone’s or something’s ability, truth, or reliability.

Move Forward Together

A collaborative approach where a group or team works collectively towards common goals or objectives, emphasizing unity and progress.