WGU C717 BUS 3000 Business Ethics Comprehensive FA Review (Qns & Ans) 2026
1. Which of the following best describes the concept of
corporate social responsibility (CSR)?
- A) Maximizing shareholder value
- B) Complying with legal requirements
- C) Voluntarily integrating social and environmental concerns
into business operations
- D) Reducing operational costs
- ANS: C) Voluntarily integrating social and environmental
concerns into business operations
- Rationale: CSR involves businesses voluntarily taking
responsibility for their impact on society and the environment.
2. What is the primary purpose of a code of ethics in a business
organization?
- A) To increase profits
- B) To provide guidelines for ethical behavior
- C) To reduce employee turnover
- D) To enhance marketing strategies
- ANS: B) To provide guidelines for ethical behavior
- Rationale: A code of ethics outlines the principles and
standards that guide the behavior of individuals within an
organization.
3. Which ethical theory emphasizes the greatest good for the
greatest number?
- A) Deontology
- B) Utilitarianism
- C) Virtue ethics
- D) Ethical relativism