Which of the following statements is correct?
Intrinsic values are deemed to be good because of their consequences and because they are a desired means to an end.
Moral rules, as well as exceptions to moral rules, are established by means of ethical principles.
There are no important differences between social conventions and moral rules.
Most moral questions have clearly demonstrable correct answers that can be scientifically established.
Which of the following is a correct statement?
Kant maintained that since Fate ruled all one’s actions, one could not be held morally accountable for a bad action.
An intelligent person resolves moral issues by appealing to what most people believe.
Self-control is a necessary trait of the moral person.
Eva, the chief executive officer of Federated Corporation, wants to ensure that the company’s activities are legal and achieve the greater good. The best course for Eva and her company is to act in
Ignorance of the law
Regard for the firm’s shareholders only
Their own self-interest
None of the above.
Laredo believes that all ethical standards and principles are set forth in a book called Ethics for All that was written by a prominent ethics philosopher. Laredo refers to this book for guidance and rules by which to lead his life. Which of the following ethical theories most accurately describes Laredo’s approach and conduct?
Fran, an executive with Global Sales Corporation, has to decide whether to market a useful product that nonetheless might have undesirable side-effects for a small number of users. What ethical theory would the Sophists advise her to use so that her firm can morally market the product?
Corporate Social Responsibility
Last Resort theory.
Whistle blowing may be morally required when:
A code of ethics requires it.
Kantian ethics demands it as the morally right thing to do.
The DeGeroge whistle blowing ethics principle applies.
All of the above.
Bribery of foreign government officials can be:
Legal as a “facilitating and expediting” exception under the Foreign Corrupt Practices Act.
Moral pursuant to Utilitarian ethics if all the stakeholders benefit.
Moral pursuant to Ethical Relativism.
All of the above.
A key aspect of business leadership today is:
Creating and communicating a vision.
Securing acceptance of the vision and inspiring followers to realize the vision.
Convincing followers and stakeholders that the vision is an inherently moral one.
All of the above.
Engel Tool Company’s decision-makers view a particular risk in the use of the company’s product as “open and obvious.” Continuing to market the product without telling consumers of the risk could be best justified from a perspective of
Aristotle’s Virtue Ethics
Natural Law theory
Fine Clothes Company buys clothing assembled by Gamma, Ltd, a foreign firm that employs young children for long hours and low pay. Gamma’s nation does not enforce its child labor laws. Human International Politics (HIP), a political activist organization, discovers Fine Clothes’ connection to Gamma and plans to reveal this information. Before HIP does so, however, Fine Clothes publicly releases the information itself, states that it is “shocked and disappointed” by Gamma, and announces that it is severing its relationship with Gamma. Fine Clothes adroitly publicizes its action in its advertising, and the company’s sales and profits increase, apparently as a direct result. From an ethical perspective, Fine’s conduct can best be characterized as:
Legal, moral, and socially responsible
Immoral since most advertisers usually misrepresent things
In conformity with Kantian ethics.
Today, the term “corporate governance” encompasses:
Legal restrictions on corporate behavior, particularly from the Sarbanes-Oxley Act.
Moral restrictions on corporate behavior, particularly from company codes of ethics.
A societal expectation that a corporation today must be a “socially responsible” one.
All of the above.
A business that continues to operate its domestic factories in order to avoid layoffs rather than shift its production to lower cost facilities overseas is most directly applying which value?
University of Chicago Professor Milton Friedman famously said about social responsibility:
The social responsibility of business is to make money legally.
Big multinational corporations must solve all the social problems in the world.
Business is immoral for not helping out in the community.
When in Rome, do as the Romans.
Which of the following is a correct statement regarding the definition of corporate “social responsibility”?
In the interests of preserving personal freedom, the law in the United States codifies in detail social responsibility rules.
For a social responsibility analysis the acceptable standard for moral behavior is compliance with the legal law.
A minimum socially responsible standard for business is compliance with the law.
By law in the U.S., an employer typically is required to provide to the mayor of a local community where the employer does business a clear set of social responsibility standards and rules based on the values of the community.
Social responsibility is best described as a company being:
Saintly in the moral sense
Helpful in a prudent manner in the community
Altruistic to all stakeholders.
Commercial Products Company (CPC) markets its products nationwide. When making a decision, CPC should, in order to be a socially responsible firm, take into account the needs of
Consumers and employees
Owners and shareholders
Society and community
All of the above
Which of the following statements is incorrect?
Basing one’s behavior on the adage, “Do unto others as you would have them do unto you,” is part of Kantian ethics.
An ethical theory that says each person is presumed to have entered into an agreement with all others in society to obey moral rules that are necessary for people to live in peace and harmony is called Social Contract ethics.
A doctrine that says that a corporation should consider its presence in the community and society and the effects its actions have on persons or groups other than the shareholders is called Corporate Social Responsibility.
A theory of social responsibility that says that business must solve global problems such as poverty and disease is called Legal Nonfeasance.
The doctrine that holds that business has an obligation to generally do good charitable deeds for society is:
Corporate legal status.
Maria owns her own business and has just attended a cash flow management seminar where it was suggested the businesses should delay paying their suppliers as long as absolutely possible even if doing so violates the stated payment terms. Maria decides to continue paying her supplies on time in accordance with their payment terms because Maria would like her customers to pay her on time. Maria has reached her decision primarily in accordance with:
Corporate social responsibility
Which of the following statements is most accurate regarding the relationship of law and ethics?
The legal requirement will almost always be the same as the ethical requirement because the law is equivalent to the ethical standards.
In some cases ethics will require a higher standard of conduct than the law, but never the opposite.
In some cases the law will require a higher standard of conduct than ethics, but never the opposite.
Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands.