Exam 7: Ethics, Social Responsibility, and the Business Manager

Which of the following is a similarity between act utilitarianism and rule utilitarianism?

Business ethics is a subset of the study of ethics and is defined as the study of what makes up bad, not good, business conduct.

A theory of social responsibility is concerned with whether a firm's .

The purpose of "adherence to sociocultural values" under the United Nations code of conduct is to .

Chelsea believes that it is ethical for companies to outsource all work to under-developed countries so that the outsourcing companies can pay lesser wages. By doing so, the outsourcing company can reduce manufacturing expenses and, instead, pay its managers higher salaries. Which of the following theories of ethical thought is associated with her beliefs?

According to the institutional school of social responsibility, business entities have a responsibility to act in a manner that benefits .

A regulation school of social responsibility sees all business units as accountable to elected public officials.

In general, corporate codes of ethics apply to upper- and middle-level managers.

The social responsibility of business is defined as concern by business about both its profit- seeking and its non-profit-seeking activities and their intended and unintended impacts on groups and individuals other than management or the owners of a corporation.

Which of the following is not a recognized school of social responsibility?

Nina is a volunteer at an animal shelter who takes home animals that are scheduled to be put down. Even though her act results in her apartment often getting overcrowded and smelly, Nina does this because she considers it ethically wrong to willfully take the life of another living creature. Which of the following theories of ethical thought best explains Nina's behavior?

In general, proponents of the utilitarian school of thought judge all conduct of individuals or businesses on whether that conduct brings net to a society.

Dorn Petrochemicals is found responsible for a large oil spill that resulted in widespread environmental damage. A national debate followed, and a prominent social scientist argued that the oil company should be prosecuted to the full extent of the law and that all sanctions that apply to individuals and other business entities should also apply to Dorn. This social scientist is most likely a proponent of the theory of social responsibility.

Theories of ethical thought include all but which of the following?

The required publicly traded companies to set up confidential internal systems by April 2003 so that employees and others could have a method of reporting possible illegal or unethical auditing and accounting practices.

Advocates of the school of social responsibility for business argue that business entities have a responsibility to act in a manner that benefits all of society.

Which of the following is not a characteristic of professions or professionals?

The professional obligation school of social responsibility holds that .

Membership in the American Institute of Certified Public Accountants (AICPA) is suspended without a hearing if a judgment of conviction is filed with the secretary of the institute as related to .

Advocates of the professional obligation school of social responsibility argue that business managers have a responsibility to the public beyond merely making profits.