Exam 2: Business Ethics and Social Responsibility

John Akers,former chairman of IBM,argues that ethics are not important to economic competitiveness.

Tianhui was recently hired as a sales representative by Oxtron,Inc.Before leaving on his first sales trip,a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase)their expense reports each month by 20%.Use utilitarian ethics to decide what Tianhui should do about the expense report he submits to Oxtron.

Identify and discuss six values that are almost universal.

The Chief Executive Officer of Ticor,Inc.must decide about the disposal of toxic waste materials.Which of the following considerations should help the CEO reach an ethical business decision?

Deontologists would agree that the increasing medical concern over obesity in the United States justifies federal regulation of high fat,high sugar,low nutrition food advertising during children's television programs.

Oxtron,Inc.arranged for two employees,Kaiya and Gary,to attend "The Business Ethics 2008 Conference: Maintaining Credibility" in New York City.Although Gary goes to New York,he does not participate in the conference.Instead,he takes in the local attractions.Kaiya fully participated in the conference.Using ethical standards,describe what Kaiya should do about Gary's failure to participate in the conference.

Li is the vice president of marketing for Felson,Inc.,a manufacturer of children's clothing Felson is considering building a factory in a developing country,where there are few restrictions on working conditions,wages,or maximum work hours. Which viewpoint: utilitarian or deontological would support this move? Why?

The observation that "The one and only social responsibility of business is to increase its profits" can be attributed to:

Generally,ethical managers have happier,more satisfying lives.

Charlie Sheen's drug use and violent behavior:

Life Principles are set by your parents and do not change over time.

Does ethical behavior maximize profitability?

Zeno,Inc.is considering relocating its manufacturing facility from Illinois to Mexico City.The stakeholders in this decision might include:

The behavior of top executives regarding ethical issues has little effect on the behavior of the employees of the organization.

Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics.

Deontological ethics bases it value of what when evaluating the right decision

Paul decided he did not want the new jeans he had purchased from a large discount department store.He had worn them three times and decided he just did not like them.The jeans fit him fine and there is nothing wrong with them.He takes the jeans back to the store and,as is its policy,the store gave him a full refund of his money.Which statement is correct?

There is strong evidence that ethical behavior pays off financially for businesses.

Which of the following is NOT a stakeholder?

Unethical behavior is a bar to financial success.