Exam 42: Ethics and Social Responsibility of Business

Under ethical fundamentalism, a person looks to an outside source for ethical rules or commands.

Which of the following is a perceived disadvantage of Kantian ethics?

Kantian ethics distinguishes between the morality one uses to judge others and the morality one uses on oneself.

Relativism is one of principles of Kantian ethics that states that the actor must abide by the rule he or she uses to judge the morality of someone else's conduct.

Section 406 of the Sarbanes-Oxley Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.

Kantian ethics is also known as duty ethics.

Conch Corporation, a global oil and gas company, has plans to open a subsidized postsecondary vocational school in the town of Cristen, where one of their offices is situated.The plan was put to vote and approved despite some objection from shareholders.The school is being opened in collaboration of the local government, and the objective is to help the youth of that neighborhood, especially dropouts, learn a vocational skill.What social responsibility theory describes Conch Corporation's move to open the school?

If an action would increase the good of twenty-five people by one unit each and an alternative action would increase the good of one person by twenty-six units, then, according to utilitarianism, the latter action should be taken.

Utilitarianism postulates doing the greatest good for the greatest number of people.

Which of the following statements describes the moral theory of utilitarianism?

Consistency and ________ are the two principles of Kantian ethics that states that a person must abide by the rule he or she uses to judge the morality of someone else's conduct.

Which of the following is a perceived disadvantage of Rawls's social justice theory?

In Kantian ethics, the principle of inconsistency postulates treating all ethical cases differently.

________ is an ethical theory where a person adheres to rules or commands that are from an outside source, like a book or a central figure.

Reversibility is a principle of Kantian ethics which says that ________.

How are ethical rules established in Rawls's social justice theory?

What is ethical relativism?

Steve Templeton, the CEO of Rolland Motor Company, is contemplating the shutdown of a plant in Kantron.The plant has been unprofitable for some time now, and there is increasing pressure from shareholders to shut it down so as to balance the loss being incurred by the shareholders.But closing the plant would be a blow to the employees as they will lose their jobs, and the local suppliers will lose a major buyer.There is also fear that the sudden closing of the plant will have an adverse effect on the community of Kantron, as the plant is one of the main sources of employment for the locals.Steve Templeton considered all these factors before making a decision on the fate of the plant. If Steve Templeton, after wagering all the factors, finds that the loss to the employees and the community is far greater than the one incurred by the shareholders, and decides to keep the plant open in Kantron. -If Steve Templeton decides to not close the plant in Kantron, what business social responsibility will Steve Templeton be achieving?

Which of the following moral theories matches the dictum "I will keep the rules if everyone else does?"

________ is a moral theory which holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.