Question 1

Which of the following statements is true about the United Nations Universal Declaration of Human Rights?

Accepted Answer

A)  It transcends national borders. 
B)  It states that human rights are culturally determined. 
C)  It states that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences. 
D)  It states that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Question 2

Any person or institution that is capable of moral action such as a government or corporation is a

Accepted Answer

A)  moral agent. 
B)  utilitarian. 
C)  righteous moralist. 
D)  naive immoralist.

Question 3

Milton Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Accepted Answer

A) True 
 B)False

Question 4

Describe the five-step process that businesses can use to think through ethical problems.

Accepted Answer

The answer of Describe the five-step process that businesses can...

Question 5

In the international business setting, one of the most common ethical issues involves

Accepted Answer

A)  hiring practices. 
B)  government deregulation. 
C)  the moral obligation of multinational corporations. 
D)  facilitating payments.

Question 6

Discuss the notion of social responsibility. What does it mean for corporations?

Accepted Answer

The answer of Discuss the notion of social responsibility. What...

Question 7

A ________ asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either.

Accepted Answer

A)  Kantian ethicist 
B)  righteous moralist 
C)  naive immoralist 
D)  utilitarian ethicist

Question 8

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

Accepted Answer

The answer of What are the ways in which international...

Question 9

The utilitarian approach to ethics is a straw man approach to business ethics that has some inherent value, but is unsatisfactory in important ways.

Accepted Answer

A) True 
 B)False

Question 10

Discuss the cultural relativism approach to business ethics. What is the connection between this approach and the phrase "When in Rome do as the Romans do"? How well does this approach hold up ethically?

Accepted Answer

The answer of Discuss the cultural relativism approach to business...

Question 11

Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is an example of an external stakeholder?

Accepted Answer

A)  employees 
B)  customers 
C)  stockholders 
D)  the board of directors

Question 13

Identify the correct statement about the rights theories.

Accepted Answer

A)  Human beings have fundamental rights and privileges that transcend national boundaries. 
B)  The moral worth of actions or practices is determined by their consequences. 
C)  People should be treated as ends never purely as means to the ends of others. 
D)  The only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Question 14

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

Accepted Answer

A) True 
 B)False

Question 15

Discuss the naive immoralist's approach to business ethics. What are the criticisms of this approach?

Accepted Answer

The answer of Discuss the naive immoralist's approach to business...

Question 16

Under the veil of ignorance, everyone is imagined to be ignorant of

Accepted Answer

A)  all of his or her particular characteristics. 
B)  fundamental rights and privileges. 
C)  the moral worth of actions or practices. 
D)  the minimum levels of morally acceptable behavior.

Question 17

To establish moral intent, managers need to stand in the shoes of a stakeholder and ask how a proposed decision might impact that stakeholder.

Accepted Answer

A) True 
 B)False

Question 18

External stakeholders

Accepted Answer

A)  are individuals or groups who own the business. 
B)  include all employees, the board of directors, and stockholders. 
C)  are typically customers, suppliers, lenders, etc. 
D)  are individuals or groups who work for the business.

Question 19

Should a multinational feel free to pollute in a developing nation?

Accepted Answer

The answer of Should a multinational feel free to pollute...

Question 20

Building an organization culture that places a high value on ethical behavior requires incentive and reward systems.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following statements is true about the United Nations Universal Declaration of Human Rights?

Any person or institution that is capable of moral action such as a government or corporation is a

Milton Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

Describe the five-step process that businesses can use to think through ethical problems.

In the international business setting, one of the most common ethical issues involves

Discuss the notion of social responsibility. What does it mean for corporations?

A ________ asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either.

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

The utilitarian approach to ethics is a straw man approach to business ethics that has some inherent value, but is unsatisfactory in important ways.

Discuss the cultural relativism approach to business ethics. What is the connection between this approach and the phrase "When in Rome do as the Romans do"? How well does this approach hold up ethically?

Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

Which of the following is an example of an external stakeholder?

Identify the correct statement about the rights theories.

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

Discuss the naive immoralist's approach to business ethics. What are the criticisms of this approach?

Under the veil of ignorance, everyone is imagined to be ignorant of

To establish moral intent, managers need to stand in the shoes of a stakeholder and ask how a proposed decision might impact that stakeholder.

External stakeholders

Should a multinational feel free to pollute in a developing nation?

Building an organization culture that places a high value on ethical behavior requires incentive and reward systems.