Exam 2: Ethics and Social Responsibility of Business

________ is an ethical theory where a person adheres to rules or commands that are from an outside source, like a book or a central figure.

Section 406 of the Sarbanes-Oxley Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.

According to Rawls's social justice theory, a person who is in a state of "veil of ignorance" is best fit to select the fairest possible ethical principles.

An ethically wrong state or condition can still be legal.

Conch Corporation, a global oil and gas company, has plans to open a subsidized postsecondary vocational school in the town of Cristen, where one of their offices is situated. The plan was put to vote and approved despite some objection from shareholders. The school is being opened in collaboration of the local government, and the objective is to help the youth of that neighborhood, especially dropouts, learn a vocational skill. What social responsibility theory describes Conch Corporation's move to open the school?

A social responsibility theory of business which says that a corporation's duty is to make a profit while avoiding causing harm to others is referred to as ________.

Section 406 of the ________ Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.

Kantian ethics is also known as duty ethics.

Which of the following moral theories will help an anthropologist study ancient societies with an impartial and unprejudiced mindset, especially when it relates to ethics and customs followed by ancient societies to that being followed in present societies?

The legislative and judicial branches of government have established laws that enforce the ________ of social responsibility on corporations.

Kant believed that people owe moral duties that are based on universal rules.

The main criticism for ethical fundamentalism is that it does not allow people to decide what is right or wrong for themselves.

The ________ Statute is a federal statute that permits private parties to sue companies for fraud on behalf of the government and share in any monetary recovery.

The theory of moral minimum emphasizes correcting social injuries caused by a business.

The ________ Act enacted by Congress in 2002, requires public companies to adopt codes of ethics, and establishes criminal penalties for companies that partake in violations.

According to Rawl's social justice theory, ________ is considered the essence of justice.

The ________ theory of social responsibility compels corporations to correct social injuries it causes.

The moral theory that dictates people choose the action or follow the rule that provides the greatest good to society is referred to as ________.

Which of the following moral theories lays emphasis on morality based on one's moral duties?

According to ethical relativism, ________.