Exam 8: Ethics and Social Responsibility of Business

Which of the following moral theories would closely follow the categorical imperative "Do unto others as you would have them do unto you"?

The 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 ________.

Which of the following terms refers to a theory of social responsibility of business?

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

Ethical relativism establishes ethical rules based on an implied social contract people have with each other.

One criticism of utilitarianism is that it treats morality as if it were an impersonal mathematical calculation.

The maximize profits theory holds that the interests of all stakeholders related to an organization are important.

Explain with an example how the law may permit something that is ethically wrong.

A firm polluting the environment and compensating those affected is an example of corporate citizenship theory.

Explain utilitarianism with an example.

According to social contract theory,each person is presumed to have entered into a social contract with all others in society to obey moral rules.

Which of the following is an apparent disadvantage of utilitarianism?

The moral minimum theory argues that a corporation's duty is to make a profit even at the cost of causing harm to others.

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?

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

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 with 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?

Stakeholder interest theory argues that a corporation should take actions in the interest of all its stakeholders including suppliers,creditors,and customers.

Which of the following is the difference between Kantian ethics and ethical relativism?

According to the social contract theory,moral rules are used to solve conflicting interests in society.

________ is one of the two principles of Kantian ethics that states that a person must abide by the rule he or she uses to judge the morality of someone else's conduct.