C717 BUS 3000
Business Ethics
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: Which ethical theory emphasizes the
consequences of actions when determining moral worth?
a) Deontology
b) Virtue Ethics
c) Utilitarianism
d) Ethical Egoism
Correct Answer: c) Utilitarianism
Rationale: Utilitarianism is focused on the outcomes or
consequences of actions to determine their moral value, aiming for
the greatest good for the greatest number.
2. Fill-in-the-Blank: The ethical principle that suggests individuals
should act in a way that they would want to become a universal law
is known as __________.
Correct Answer: Kantian Deontology
Rationale: Kantian Deontology, or Kant's categorical imperative,
proposes that one should act only according to that maxim
whereby they can, at the same time, will that it should become a
universal law.
3. True/False: Insider trading is considered ethical because it
contributes to market efficiency.
© WGU 2024/2025
, Correct Answer: False
Rationale: Insider trading is unethical and illegal as it gives an
unfair advantage to individuals with privileged information,
undermining trust in the market.
4. Multiple Response: Which of the following are considered key
components of Corporate Social Responsibility (CSR)?
a) Economic Responsibility
b) Philanthropic Responsibility
c) Legal Responsibility
d) Technological Responsibility
Correct Answers: a) Economic Responsibility, b) Philanthropic
Responsibility, c) Legal Responsibility
Rationale: CSR encompasses economic, philanthropic, and legal
responsibilities, but technological responsibility is not typically
included as a key component.
5. Multiple Choice: In the context of business ethics, what does the
acronym CSR stand for?
a) Customer Service Requirement
b) Corporate Social Responsibility
c) Corporate Sustainability Reporting
d) Customer Satisfaction Rating
© WGU 2024/2025
Business Ethics
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: Which ethical theory emphasizes the
consequences of actions when determining moral worth?
a) Deontology
b) Virtue Ethics
c) Utilitarianism
d) Ethical Egoism
Correct Answer: c) Utilitarianism
Rationale: Utilitarianism is focused on the outcomes or
consequences of actions to determine their moral value, aiming for
the greatest good for the greatest number.
2. Fill-in-the-Blank: The ethical principle that suggests individuals
should act in a way that they would want to become a universal law
is known as __________.
Correct Answer: Kantian Deontology
Rationale: Kantian Deontology, or Kant's categorical imperative,
proposes that one should act only according to that maxim
whereby they can, at the same time, will that it should become a
universal law.
3. True/False: Insider trading is considered ethical because it
contributes to market efficiency.
© WGU 2024/2025
, Correct Answer: False
Rationale: Insider trading is unethical and illegal as it gives an
unfair advantage to individuals with privileged information,
undermining trust in the market.
4. Multiple Response: Which of the following are considered key
components of Corporate Social Responsibility (CSR)?
a) Economic Responsibility
b) Philanthropic Responsibility
c) Legal Responsibility
d) Technological Responsibility
Correct Answers: a) Economic Responsibility, b) Philanthropic
Responsibility, c) Legal Responsibility
Rationale: CSR encompasses economic, philanthropic, and legal
responsibilities, but technological responsibility is not typically
included as a key component.
5. Multiple Choice: In the context of business ethics, what does the
acronym CSR stand for?
a) Customer Service Requirement
b) Corporate Social Responsibility
c) Corporate Sustainability Reporting
d) Customer Satisfaction Rating
© WGU 2024/2025
