Exam 2: Business Ethics and Social Responsibility

In the Parable of the Sadhu:

"When in Rome,do as the Romans do," is an example of moral relativism.

The either/or conundrum is an example of moral relativism.

In the Parable of the Sadhu,the hikers are certain the religious pilgrim survived.

Milton Friedman's philosophy on corporate behavior is:

When Hilton Hotels hired Ross Klein and Amar Lalvani from Starwood Hotels,Klein and Lalvani took many electronic documents with them from Starwood.What they did was simply good business and presented no ethical problems.

Rationalization is an effective means of analysis for ethical issues.

An anonymous reporting system is a requirement for companies under Sarbanes-Oxley.

Compliance with the law meets all ethical standards.

The least corrupt countries have the most stable economies.

Which of the following statements is true about an ethical business?

A bar and restaurant located directly next to the edge of the campus at Arizona State University is called "The Dash Inn." The Inn is a favorite stop for students and is generally very crowded in the afternoon and evenings.When a student uses a credit card to pay his or her tab at the Dash Inn,the receipt for the student and the credit card data have recorded automatically at the top,"The Dash Inn Bookstore." Why do the receipts have this inscription at the top? What ethical problems do you see with this inscription?

​Samantha Waring has been struggling with her statistics class.The stats class is the last quantitative course Samantha needs to take before she begins her studies in her sustainability major.Samantha has found a way that a friend,who is a whiz at stats,can take the stats class exams for her.Samantha says the following,"I am not going to need stats in the work I plan to do.And,if I don't pass the stats class,I cannot study sustainability.And,I really want to work in that field so that I can change people and save the planet.I am clearly not doing this for money or my GPA.I've seen other students do worse than this and they are only doing it for a better résumé.Changing the world is more important.Besides,almost everyone in college cheats." Consider Samantha's statement that if she doesn't pass,she cannot work in sustainability,and decide which of the following applies to the thought.

When Danica Patrick stated she would take performance-enhancing drugs if she would never get caught,she was just saying what everyone else does in a highly competitive field,so it is not unethical.

The social-responsibility school holds that businesses profit by being responsive to society.

Turing Pharmaceuticals increased the price of one of its drugs 5,000%.Its then-CEO said that his primary responsibility was to Turing's shareholders.To whom would the CEO's views be attributed?​

Which of the following is not a consequence of poor ethical choices by a company?

​Jane Tucker is the ethics officer for a publicly traded company.She is concerned that the company does not have a mechanism for anonymous reports of issues by employees.The CEO is not inclined to spend the money required to set up a hotline or any other reporting mechanism.Which of the following statements is true about this situation?

A parents' group and the National Association of Teachers is concerned about the lyrics on the albums of some rock music groups and has expressed the concern publicly.Capitol Records adopted a voluntary labeling system that provides warning labels on albums that contain explicit lyrics about sex,drugs,or satanic worship.Capitol's action is an example of a:

Sexual harassment is a form of interpersonal as well as organizational abuse.