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:

Market Price

Price prevailing in a competitive market.

Dynamic Inefficiencies

Inefficiencies that occur over time due to factors such as technological changes, market adjustments, or policy shifts, affecting long-term economic performance.

Pollution

Pollution refers to the introduction of harmful materials into the environment, including the air, water, and soil, which can damage the health of both the planet and its inhabitants.

Dry Cleaning Industry

The sector of the economy dedicated to cleaning fabrics that are either unsuitable for traditional laundering or require a more delicate handling.