Exam 42: Ethics and Social Responsibility of Business

One advantage of utilitarianism is that there is no need for measuring the good of an action for society.

Beginning in about 1990,many credit card issuers began marketing more aggressively to college students on the basis that they have considerable future earning potential even though their current income is not very high.Prior to 1990,most credit card issuers required cosigners,who would typically be the students' parents.This has led to far more students incurring excessive debt.This has required some students to work longer hours while in college and to have more debt-related problems after getting out of college.Furthermore,employers are increasingly using credit information in the hiring selection process so that some students' debt problems adversely affect their ability to find a job.Evaluate the propriety of these marketing efforts.

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 theory of business social responsibility that holds that a business has a duty to generally do good for society is:

The concept of reversibility under Kantian Ethics allows that the rules be reversed in that the actor must utilize the rule he or she uses to judge the morality of someone else's conduct.

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.

Under the maximizing profits theory of the social responsibility of business,it is improper for a business to undertake charitable acts for the benefit of society if doing so reduces profits.

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

Rawls's social justice theory includes which of the following?

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

Businesses organized in the United States are subject to the laws of other countries in which they operate.

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.

Which of the theories of the social responsibility of business includes obligations of a business to parties other than shareholders?

The theory of business social responsibility that holds that a business owes duties solely to produce the highest return for its shareholders is:

Ethical fundamentalism permits a person to determine right and wrong for himself.

Those who abide by Kantian ethics behave by doing unto others as they would have done unto themselves.

The moral theory of ethical relativism can best be characterized by:

Under ethical fundamentalism,persons look to an outside source to decide whether a course of action is appropriate.

The four theories of social responsibility of business discussed in the text can best be described as:

Which course of action would utilitarianism require to be taken?