Exam 42: Ethics and Social Responsibility of Business

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 False Claims Act permits private parties to sue the government on behalf of a corporation.

Which of the following theories of morality is Rawls's Social Justice Theory fundamentally derived from?

In accordance to the stakeholder interest theory, a corporation must view employees solely as a means of maximizing shareholder wealth.

________ is a set of moral principles or values that governs the conduct of an individual or a group.

Which of the following cases describes an agreement of ethics and laws?

Consistency is one of the two important principles of ________ upon which its universal laws are based.

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.

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

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?

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

What is "maximizing profits" as a social responsibility theory in business?

________ is a moral theory which says that people owe moral duties that are based on universal rules.

Under the theory of ethical relativism, fairness is considered the essence of justice.

The theory of stakeholder interest compels a corporation to consider the effects of its actions specifically on shareholders.

According to Rawls's social justice theory, moral duties are based on an implied social contract.

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

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

The Whistleblower Statute is also known as the ________.

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?