Question 1

Immanuel Kant's philosophy is based on the premise that people can use reasoning to reach ethical decisions.

Accepted Answer

A) True 
 B)False

Question 2

Utilitarianism is a moral theory with its origins in the works of Immanuel Kant.

Accepted Answer

A) True 
 B)False

Question 3

Assume that you are the CEO of a business.What theory of social responsibility of business would you be most comfortable with as your business operates and grows? Which ethical theory of social responsibility of business would you be least comfortable with as your business operates and grows? Explain both answers.

Accepted Answer

Student answers will vary.(The

Question 4

If you rationalize that it is acceptable for you to engage in deceptive practices,which ethical theory would contend it is acceptable for your competitors to do so as well?

Accepted Answer

A)  ethical fundamentalism 
B)  ethical realism 
C)  ethical relativism 
D)  Kantian ethics 
E)  Rawl's social justice theory 
A)  ethical fundamentalism 
B)  ethical realism 
C)  ethical relativism 
D)  Kantian ethics 
E)  Rawl's social justice theory

Question 5

A business that undertakes activities that benefit persons who are in no way connected with the business is applying which theory of the social responsibility of business?

Accepted Answer

A)  moral minimum 
B)  maximizing profits 
C)  stakeholder interest 
D)  corporate citizenship 
E)  moral maximum 
A)  moral minimum 
B)  maximizing profits 
C)  stakeholder interest 
D)  corporate citizenship 
E)  moral maximum

Question 6

The law may permit something that would be ethically wrong.

Accepted Answer

A) True 
 B)False

Question 7

One reason for criticizing Rawl's theory of social justice is that many persons would choose not to maximize the benefit to the least advantaged persons in society.

Accepted Answer

A) True 
 B)False

Question 8

Under Rawl's social justice theory,________ is considered the essence of justice.

Accepted Answer

A)  economic development 
B)  social stratification 
C)  fairness 
D)  law 
E)  social standing 
A)  economic development 
B)  social stratification 
C)  fairness 
D)  law 
E)  social standing

Question 9

Because they are not shareholders or employees,students at a college or university would not be considered stakeholders in the school they are attending.

Accepted Answer

A) True 
 B)False

Question 10

According to the maximizing profits theory,the interests of constituencies such as employees,suppliers,and residents of the communities in which businesses are located are important to consider in determining the social responsibility of businesses.

Accepted Answer

A) True 
 B)False

Question 11

Kantian ethics is also known as:

Accepted Answer

A)  duty ethics. 
B)  utilitarian ethics. 
C)  ethical fundamentalism. 
D)  ethical relativism. 
E)  the social contract theory of morality. 
A)  duty ethics. 
B)  utilitarian ethics. 
C)  ethical fundamentalism. 
D)  ethical relativism. 
E)  the social contract theory of morality.

Question 12

Maximizing profits is a traditional theory of business responsibility saying that profits should be maximized for the benefit of officers and employees.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following actions is/are consistent with the "maximizing profits" theory of the social responsibility of business?

Accepted Answer

A)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses 
B)  raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase 
C)  raising wages to avoid a strike that would cost more than the increased costs of the wage increase 
D)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase 
E)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase 
A)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses 
B)  raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase 
C)  raising wages to avoid a strike that would cost more than the increased costs of the wage increase 
D)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase 
E)  raising wages because it is expected to lower employee turnover and long-term overall compensation expenses, raising wages because it is believed that workers are underpaid relative to the industry average and that employee relations would be improved even though overall compensation expense will increase, and raising wages to avoid a strike that would cost more than the increased costs of the wage increase

Question 14

Which of the following is not a recognized theory of the social responsibility of business?

Accepted Answer

A)  maximize profits 
B)  moral minimum 
C)  stakeholder interest 
D)  corporate citizenship 
E)  moral maximum 
A)  maximize profits 
B)  moral minimum 
C)  stakeholder interest 
D)  corporate citizenship 
E)  moral maximum

Question 15

One criticism of ethical relativism is that:

Accepted Answer

A)  moral and ethical rules are too rigid and fixed over time. 
B)  some persons would take actions which they believe to be moral, but which most persons in society believe to be immoral. 
C)  decisions require the measurement of qualities which are not subject to precise measurements. 
D)  decisions are not allowed to take into account a particular person's station or place in society. 
E)  many persons in society would choose not to maximize the benefit to the least advantaged persons in society. 
A)  moral and ethical rules are too rigid and fixed over time. 
B)  some persons would take actions which they believe to be moral, but which most persons in society believe to be immoral. 
C)  decisions require the measurement of qualities which are not subject to precise measurements. 
D)  decisions are not allowed to take into account a particular person's station or place in society. 
E)  many persons in society would choose not to maximize the benefit to the least advantaged persons in society.

Question 16

"I will keep the rule if you do" is an underlying concept in Rawls concept of ethics.

Accepted Answer

A) True 
 B)False

Question 17

Under the moral minimum theory of the social responsibility of business,it is acceptable for a business to injure others so long as the business adequately compensates those who are injured.

Accepted Answer

A) True 
 B)False

Question 18

When a business makes a promise of performance that it knows the law will not enforce:

Accepted Answer

A)  the business has violated ethics by making the promise knowing that it is unenforceable. 
B)  the promise will be enforced if it can be shown that it would be unethical to not do so. 
C)  the promise will not be enforced, but the business will be liable for the ethical violation. 
D)  a court will generally not enforce the promise, even if the court recognizes that the business made an ethical violation by not keeping the promise. 
E)  The promise will be enforced and the business will be legally liable for the ethical violation. 
A)  the business has violated ethics by making the promise knowing that it is unenforceable. 
B)  the promise will be enforced if it can be shown that it would be unethical to not do so. 
C)  the promise will not be enforced, but the business will be liable for the ethical violation. 
D)  a court will generally not enforce the promise, even if the court recognizes that the business made an ethical violation by not keeping the promise. 
E)  The promise will be enforced and the business will be legally liable for the ethical violation.

Question 19

You,your father and your sister are rock climbing when there is a accident.The three of you are now dangling from a single rope attached by a single cam to the rock face.The cam is slipping due to the combined weight of the three of you.If nothing is done,all three of you will die.You are in the middle and your sister is above you.If your father takes out a knife and cuts the rope,sending himself to his death but saving you and your sister,what ethical theory has he exhibited?

Accepted Answer

A)  fundamentalism 
B)  moral minimum 
C)  social justice 
D)  duty ethics 
E)  utilitarianism 
A)  fundamentalism 
B)  moral minimum 
C)  social justice 
D)  duty ethics 
E)  utilitarianism

Question 20

According to ________,keeping a promise to abide by a contract is a moral duty,even if that contract turns out to be detrimental to the obligated party.

Accepted Answer

A)  ethical fundamentalism 
B)  ethical realism 
C)  ethical relativism 
D)  Kantian ethics 
E)  Rawl's social justice theory 
A)  ethical fundamentalism 
B)  ethical realism 
C)  ethical relativism 
D)  Kantian ethics 
E)  Rawl's social justice theory

Exam 8: Ethics and Social Responsibility of Business

Immanuel Kant's philosophy is based on the premise that people can use reasoning to reach ethical decisions.

Utilitarianism is a moral theory with its origins in the works of Immanuel Kant.

If you rationalize that it is acceptable for you to engage in deceptive practices,which ethical theory would contend it is acceptable for your competitors to do so as well?

A business that undertakes activities that benefit persons who are in no way connected with the business is applying which theory of the social responsibility of business?

The law may permit something that would be ethically wrong.

One reason for criticizing Rawl's theory of social justice is that many persons would choose not to maximize the benefit to the least advantaged persons in society.

Under Rawl's social justice theory,________ is considered the essence of justice.

Because they are not shareholders or employees,students at a college or university would not be considered stakeholders in the school they are attending.

According to the maximizing profits theory,the interests of constituencies such as employees,suppliers,and residents of the communities in which businesses are located are important to consider in determining the social responsibility of businesses.

Kantian ethics is also known as:

Maximizing profits is a traditional theory of business responsibility saying that profits should be maximized for the benefit of officers and employees.

Which of the following actions is/are consistent with the "maximizing profits" theory of the social responsibility of business?

Which of the following is not a recognized theory of the social responsibility of business?

One criticism of ethical relativism is that:

"I will keep the rule if you do" is an underlying concept in Rawls concept of ethics.

Under the moral minimum theory of the social responsibility of business,it is acceptable for a business to injure others so long as the business adequately compensates those who are injured.

When a business makes a promise of performance that it knows the law will not enforce:

According to ________,keeping a promise to abide by a contract is a moral duty,even if that contract turns out to be detrimental to the obligated party.

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