Exam 8: Ethics and Social Responsibility of Business

The Delaware Court system has adopted a policy whereby everyone,regardless of occupation,is required to serve on jury duty.The policy in the past was that attorneys,judges,teachers,and certain other occupations were exempt due to their jobs.These exemptions have been abolished and now everyone is treated the same.What ethical theory has Delaware adopted?

Under social contract theory,each person is presumed to have entered into a social contract with all others in society to obey moral rules that are necessary for people to live in peace and harmony.

Corporate citizenship theory contends that corporations owe a duty to promote the same social goals as individual members of society.

Jon has entered into a contract with Josh to sell him a statue.Just before delivery,Jon discovers that the statue is worth three times the price in the contract.If Jon feels obligated to go through with the contract because his promise is important to him,he exhibiting which form of ethical behavior?

A whistle-blower can recover an award even if they were a co-conspirator in perpetrating the fraud.

A business that is concerned solely with the financial implications of alternate courses of actions is applying which theory of the social responsibility of business?

Assume that a drug company has recently developed a new weight-loss drug that is available only by doctor's prescription.This drug has some significant side effects,but is quite effective for helping individuals lose weight.The drug is being heavily advertised directly to the public,resulting in large numbers of individuals contacting their doctors in order to get a prescription for the drug.Because of the side effects,this drug is intended only for persons who are severely overweight.Some of the advertising for this drug emphasizes the happiness and beauty that can result when one is slender,leading to many doctors over-prescribing the drug.Discuss the drug company's actions in light of the theories of the social responsibility of business.

Under Rawl's social justice theory,fairness is considered a secondary benefit of justice.

According to the theory of ethical relativism,if a person meets his or her own moral standards in making a decision,no one can criticize him or her for it.

Which of the following statements is true regarding the relationship of law and ethics?

Taken to an extreme,the result of ethical fundamentalism could be considered unethical under most other moral theories.

The government has proposed demolishing 800 of 2,000 units in a low-income public housing project that has become crime-ridden and in poor repair.These 800 units will be replaced with 300 units,half of which will be for low-income families,and half for moderate-income families,resulting in fewer low-income housing units in total.Evaluate this proposal under utilitarianism.

The theory of basing ethical business conduct on stakeholder interest is widely accepted because it is usually possible for businesses to balance stakeholder interests so that each stakeholder is satisfied and protected.

Kantian ethics can best be characterized by:

Under the corporate citizenship theory of the social responsibility of business,a business has multiple obligations,but these obligations are only to those who have some direct interest or connection with the business.

What does the "veil of ignorance" require under the social contract theory of mortality?

Kantian ethics is also referred to as ________ ethics.

Under the social contract theory of societal justice,members of society are obligated to obey the moral rules of society regardless of whether others obey those rules.

A procedure which can be used to assess the moral health of a corporation is the:

The universal rules of Kantian ethics are based on two (2)important principles: 1)variability; and 2)irreversibility.