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

Identify and differentiate between styles of leadership such as participative, achievement-oriented, transformational, and their impacts on team performance.

Recognize the significance of leader-member exchange theory (LMX) and its influence on in-group and out-group dynamics.

Know the factors that substitute for leadership and reduce the need for leader's personal involvement.

Understand the role of emotional intelligence in leadership effectiveness.

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Definitions:

Activity or Transaction

An economic event that involves a transfer or exchange of goods, services, or money between parties.

Environmental Economics

A subfield of economics dealing with the relationship between the economy and the environment, focusing on environmental policies and economic consequences.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others, such as clean air.