Exam 2: Business Ethics and Corporate Social Responsibility

John Stuart Mill believed that a correct decision was one that maximizes overall happiness and minimizes overall pain,thereby producing the greatest net benefit.This is the principle behind

Under utilitarian ethics,if a decision maximizes happiness in the most people and minimizes pain,it is ethical

Ethics is the study of how people should act.

Which person held the belief that the circumstances into which we are born play an important role in our personal outcome?

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.

A company that engages in unethical behavior may suffer severe consequences.

What are Life Principles and what should one consider when developing his or her own Life Principles?

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?

Why do many major corporations actively encourage ethical behavior?

Does ethical behavior maximize profitability?

Unethical behavior is a bar to financial success.

Oxtron,Inc.is considering establishing a program that actively encourages ethical behavior.What reasons would support Oxtron's adoption of an ethics program?

Wever,Inc.is considering relocating a facility to Mexico.The interests of the various stakeholders affected by this decision may conflict.

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.

Utilitarian ethics holds that decisions should be made on the basis of practicality,and whatever action is most convenient should be favored.

What word is best associated with deontological ethics?

Research indicates that consumers are willing to pay more for a product that they believe to be ethically produced.

John Rawls' suggestion that society should reward behavior that provides the most benefit to the community as a whole is referred to as?

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

Your text outlines three practices to help us avoid ethical traps: slow down,remember your Life Principles,and