This is an ethical approach, which suggests that an action is right if, and only if, it conforms to the principle of utility. Thus utility: pleasure, happiness or welfare, is maximised or pain or unhappiness minimized, more than any alternative:

a) Virtue ethics.

b) Utilitarianism.

c) Normative ethics.

d) Teleological ethics.

The international organization with a mission to stamp out bribery and corrupt practices around the world is called:

a) OECD.

b) WTO.

c) IMF.

d) Transparency International.

This occurs when a company charges more than governments perceive is fair for their offerings:

a) Price gouging.

b) Price discrimination.

c) Price differential.

d) Price fixing.

This involves the setting of different prices for different groups of people:

a) Price gouging.

b) Price discrimination.

c) Price differential.

d) Price fixing.

This is a form of ethical approach by which the rightness or wrongness of an action or decision is not judged to be exclusively based on the consequences of that action or decision

a) Descriptive ethics.

b) Deontological ethics.

c) Social ethics.

d) Religious ethics.

Which of the following is not one of the rationales for developing CSR initiatives?

a) Corporations' impacts limit to only marketplace transactions.

b) Corporations have a broader constituency of stakeholders than shareholders alone.

c) Corporations serve a wider range of human values that cannot be captured solely by         a focus on economic values.

d) Corporations have responsibilities that go beyond the production of their offerings at         a profit.

This occurs when companies collaborate on submitting bids for some competitions but not others:

a) Switch rigging.

b) Bait and switch.

c) Bid rigging.

d) Collusion