Exam 8: Ethics and Social Responsibility of Business

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Whistle-blowers can be awarded up to 25% of the amount recovered by the federal government.

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Although much of the law is based on ethical standards,not all ethical standards have been enacted as law.

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Under the stakeholder interest theory of the social responsibility of business,a business has obligations to both shareholders and employees,but not to others.

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Which of the following would not be an example of ethical fundamentalism?

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A famous psychologist has written a highly-acclaimed book targeted at victims of domestic abuse.This book gives practical advice on getting out of such abusive relationships and avoiding further injury prior to getting out of the relationship.Pat thinks the book is excellent,but knows that many persons who could benefit from the book are unaware of its existence and unable to afford its $39.95 price.Pat is considering photocopying significant portions of the book and selling the photocopied portions to such persons at the cost of photocopying,which is much less than $39.95.In using a utilitarianism approach to decide whether to undertake this,Pat would:

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Someone who believes that the principles of justice and moral duties are based on universal rules,and that the actor must abide by the same rules being applied to others,believes in which moral theory?

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Ethical relativism requires a person to decide what is ethical based on how their peers view right and wrong.

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John Locke and Jean-Jacques Rousseau proposed a "social contract" theory of morality.

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John Locke and Jean-Jacques Rousseau proposed a(n)________ theory of morality.

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Under the moral minimum theory of the social responsibility of business,businesses are presumed to operate in order to generate profits and thus have minimal moral obligations.

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According to ________,there are no universal ethical rules to guide a person's conduct.

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The increasing use of the Internet and computers generally has made it much easier for businesses to gather,process and distribute information about its customers,as well those who are not customers.To what extent should business be able to gather and sell this information?

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Adhering to the Koran is a form of ethical fundamentalism.

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An act or a decision can be legal but not ethical,or be ethical but not legal.Is this statement correct? Why or why not? Discuss your conclusion and give examples.

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Which course of action would utilitarianism require be taken?

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Under Rawls's social justice theory,each individual has the same responsibility to use his or her own efforts to realize his or her own potential without consideration for the least advantaged in society.

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A company is trying to determine whether it should close an unprofitable plant located in a small community.Utilitarianism would require that the benefits to shareholders from closing the plaint be compared with the benefits to employees,their families,and others in the community in keeping it open.

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In the case in which Wal-Mart was sued by Samara Brothers under the Lanham Act for selling knockoff clothes designed by Samara Brothers,what did the Supreme Court rule?

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Utilitarianism requires providing the greatest good to the greatest number of people,rather that the greatest good to society.

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Ethical relativism allows an individual to evaluate the ethics of his actions based on his own feelings about what is ethical.

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