Which of the Following Is True Regarding Business Ethics

question 47

Multiple Choice

Which of the following is true regarding business ethics?

• A) Business ethics refers to standards of business conduct but does not result in a set of correct decisions.
• B) Business ethics results in a set of correct decisions and does not simply refer to standards of business conduct.
• C) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of deontology is followed.
• D) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of rule utilitarianism is followed.
• E) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of virtue ethics is followed.

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Definitions:

FTC Commissioners

Officials appointed to the Federal Trade Commission (FTC), a U.S. federal agency, responsible for enforcing antitrust and consumer protection laws.

Staggered Terms

A system used in boards and committees where members are elected for different lengths of time, so not all members are replaced at once.

Fixed Terms

Contracts or agreements that are set for a specific, unchangeable duration of time, specifying start and end dates.

FTC Act

The Federal Trade Commission Act, a law established to prevent unfair business practices and protect consumers by promoting competition.