Exam 2: Business Ethics

Kant's approach, like that of ethical fundamentalists, asserts that universal laws stem from the direct pronouncements of God.

Under the stakeholder model, a derivative of the social contract theory, a corporation has fiduciary responsibilities to more than just its stockholders.

Deontological theories assess good and evil in terms of the consequences of actions.

How does Immanuel Kant's approach to ethical decision-making differ from that of an ethical fundamentalist?

A leading proponent of the utilitarian approach to ethics was the eighteenth century philosopher Immanuel Kant.

To a libertarian, it is unjust for a society to take wealth earned by one citizen and to distribute it to others who did not earn it.

To a __________ , whether telling a lie in a given instance would produce greater pleasure than telling the truth is less important than deciding if a general practice of lying would maximize society's pleasure.

The type of moral equality espoused by John Rawls is:

According to Milton Friedman, the social obligation of a corporation is to return as much money as possible to its shareholders.

Ethical issues in business settings include corporate governance, whistle-blowing, shareholder voting, and management's duties to shareholders.

Nineteen-year-old Martin was raised in a good, Christian home and attended parochial school through eighth grade. Martin is a good student and citizen who conforms to the expectations of his church, family, and peers. He does so because he loves his family and church, is loyal to them, and trusts them. Under Kohlberg's schematic analysis, Martin is most likely at what stage of moral development?

Utilitarian notions underlie cost-benefit analysis.

Situational ethics, unlike ethical relativism, judges a person's ethics, but first looks at the decision or act from the perspective of the actor.

Which of the following best describes the libertarian social ethics theory?

Philosophers have found that the most effective way to develop dependable and universal methods for making ethical judgments is to fashion a priori guidelines.

Psychologist Lawrence Kohlberg observed that people progress through sequential stages of moral development according to the two major variables of age and reasoning.

A factor demanding the ethical and social responsibility of business is:

A major criticism of utilitarianism as an ethical theory is that:

Under which ethical system would it be ethical to compel a few citizens to undergo painful or fatal medical tests in order to develop cures for the rest of the world?

Ethics can be defined broadly as the study of what is good or right for human beings.