Exam 42: Ethics and Social Responsibility of Business

Constituency statutes most directly relate to which theory of the social responsibility of business?

Big Green Company is considering introducing a new product to replace an existing product.The new product would result in increased revenues,but slightly lower overall profits because the product will cause injury to a few users and Big Green will compensate persons who are injured.The introduction of this product would be the proper decision under:

A business who spills oil that impacts land on which homes and businesses are built,but who compensates those whom it injures has met its moral minimum duty of the social responsibility of business.

Which of the following best characterizes "utilitarianism?"

Under the stakeholder interest theory of the social responsibility of business,a business has obligations to shareholders,employees,and other stakeholders.

Under the maximizing profits theory of the social responsibility of business,a business should never voluntarily reduce its prices.

Which of the following is a criticism of ethical relativism?

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:

Which of the following is not a part of the beliefs of Kantian Ethics?

Mary owns her own business and has just attended a cash flow management seminar where it was suggested the businesses should delay paying their suppliers as long as absolutely possible even if doing so violates the stated payment terms.Mary decides to continue paying her suppliers on time in accordance with their payment terms because Mary would like her customers to pay her on time.Mary has reached her decision in accordance with:

Peter runs an auto air conditioning repair shop.Because of the phase-out of the ozone-depleting refrigerants used in older auto air conditioners,auto air conditioning repairers have become subject to numerous new laws and regulations,some of which are costly and burdensome to comply with.This results in much higher costs for air conditioning repairs for many owners of older cars.By not following some of these regulations,Peter can repair these older cars at a much lower cost.Peter believes that the good that comes from the reduced repair costs outweighs the resulting incremental damage to the environment,and thus decides to not follow the regulations.Peter has reached his decision in accordance with:

The golden rule,"Do unto others as you would have them do unto you," is most directly reflected in which moral theory?

Which of the following is a frequently raised criticism of "utilitarianism?"

Which two philosophers proposed a social contract theory of morality?

Which of the following is correct with regard to the relationship between law and ethics?

Under Rawl's social justice theory the principles of justice are supposed to be chosen by persons who do not know their position in society,something that is unrealistic.

Peter runs an auto air conditioning repair shop.Because of the phase-out of the ozone-depleting refrigerants used in older auto air conditioners,auto air conditioning repairers have become subject to numerous new laws and regulations,some of which are costly and burdensome with which to comply.Although it costs him more,Peter decides to follow all the statutes and regulations so long as everyone else does the same.Peter has reached his decision in accordance with:

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

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?

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.