Exam 2: Ethics and Social Responsibility of Business

What is theory of moral minimum in social responsibility for businesses?

How are ethical rules established in Rawls's social justice theory?

Which of the following statements describes the moral theory of utilitarianism?

The social responsibility theories of businesses attempt to infuse a code of ________ in corporate behavior and its responsibilities.

In Kantian ethics, the principle of inconsistency postulates treating all ethical cases differently.

Which of the following moral theories matches the dictum "I will keep the rules if everyone else does?"

Kantian ethics is based on the premise that people can use reasoning to reach ethical decisions.

A government or political party that strictly derives its ethics and laws based on a specific religious book is an example of ________.

The theory of moral minimum stresses on making profit even while causing harm to others.

Jules Renton, a financial accountant at Valkyrie Aviations, deals with the accounts Valkyrie has with the government. Valkyrie Aviations are in contract with the government to deliver a new bomber plane called Spearhead. While reviewing the Spearhead account, Renton noticed that Valkyrie has been falsely billing the government for Spearhead's production. If Renton chooses to be a whistleblower and expose the scam to the government, what Congress enacted statute must he invoke?

What is ethical relativism?

ULab Inc., a biotechnology firm, recently had a fire in one of their offices which resulted in the office building being gutted. The employees were not trained for a fire drill, and the 10-storey building had no fire escape route which resulted in many employees being hospitalized for physical injuries, burns and toxic smoke inhalation. What important social responsibility theory was ULab negligent of by not training their employees in case of a fire and not installing a fire exit?

The theory of corporate citizenship contends that corporations owe a duty to promote the same social goals as individual members of society.

Kantian ethics is also referred to as ________ ethics.

Steve Templeton, the CEO of Rolland Motor Company, is contemplating the shutdown of a plant in Kantron. The plant has been unprofitable for some time now, and there is increasing pressure from shareholders to shut it down so as to balance the loss being incurred by the shareholders. But closing the plant would be a blow to the employees as they will lose their jobs, and the local suppliers will lose a major buyer. There is also fear that the sudden closing of the plant will have an adverse effect on the community of Kantron, as the plant is one of the main sources of employment for the locals. Steve Templeton considered all these factors before making a decision on the fate of the plant. -If Steve Templeton, after wagering all the factors, finds that the loss to the employees and the community is far greater than the one incurred by the shareholders, and decides to keep the plant open in Kantron. Which of the following moral theory matches Steve Templeton's approach in keeping the plant open?

________ is a moral theory with origins in the works of Jeremy Bentham and John Stuart.

Utilitarianism postulates doing the greatest good for the greatest number of people.

The False Claims Act grants the private party a share in the monetary recovery made in a whistleblower case.

________ is a moral theory which asserts that fairness is the essence of justice.

All laws are framed to meet the highest ethical standards.