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.

---

Definitions:

Agricultural Market

A marketplace where products from agriculture such as grains, vegetables, and livestock are traded.

Price Floor

A government or regulatory intervention that sets the lowest price at which a good or service can be legally sold, aimed at protecting producers.

Current Price

The price at which a good or service is being sold in the market at the present moment.

Excess Supply

A situation in the market where the quantity of a good offered by producers exceeds the quantity demanded by consumers at a given price, leading to surplus.