Question

1)

List 4 benefits of good corporate citizenship.
2)
Explain and give an example of the utilitarian theory.
3)
Define 'conflict of interest' and list 3 examples
4)
Describe the three levels of assessi

Answer 1

Step-by-step explanation:

1). •Tax reductions.

•Enhanced brand recognition, reputation and goodwill.

•Competitive advantage.

•A boost in customer base, customer loyalty and sales.

2). Utilitarianism is a theory of morality that advocates actions that foster happiness or pleasure and oppose actions that cause unhappiness or harm. When directed toward making social, economic, or political decisions, a utilitarian philosophy would aim for the betterment of society as a whole.

- For example, if you are choosing ice cream for yourself, the utilitarian view is that you should choose the flavor that will give you the most pleasure.

3). A conflict of interest occurs when an individual’s personal interests – family, friendships, financial, or social factors – could compromise his or her judgment, decisions, or actions in the workplace.

E.g •Representing a family member in court.

•Starting a business that competes with your full-time employer.

•Advising a client to invest in a company owned by your spouse.