Exam 2: Ethics and Social Responsibility of Business

According to ethical relativism,an action that is usually thought to be unethical would not be considered unethical if the perpetrator thought it was ethical.

Which of the following is a perceived disadvantage of Kantian ethics?

The stakeholder interest theory compels a corporation to consider the effects of its actions specifically on shareholders.

The moral minimum theory emphasizes making a profit even while causing harm to others.

What is ethical relativism?

Under ethical fundamentalism,a person looks to an outside source for ethical rules or commands.

Give an account of the relationship between ethics and law.

________ is a social responsibility theory of business according to which a corporation must consider the effects that its actions have on persons other than its shareholders.

Under the moral theory of ________,if a person meets his or her own moral standard in making a decision,no one can criticize him or her for it.

The ________ Act is a federal statute that permits private parties to sue companies for fraud on behalf of the government.

Rawls's social justice theory is based on the ________ theory of morality proposed by John Locke and Jean-Jacques Rousseau.

According to Rawls's social justice theory,moral duties are based on an implied social contract.

Which of the following is a perceived disadvantage of Rawls's social justice theory?

According to Rawls's social justice theory,a person who is in his or her "veil of ignorance" is best fit to select the fairest possible ethical principles.

The ________ theory of social responsibility compels a corporation to correct the social injury it causes.

Steve Templeton,the CEO of Rolland Motor Company,is contemplating the shutdown of a plant in Kantron.The plant has been unprofitable for some time now,and there is increasing pressure from shareholders to shut it down so as to balance the loss being incurred by the shareholders.But closing the plant would be a blow to the employees as they will lose their jobs,and the local suppliers will lose a major buyer.There is also fear that the sudden closing of the plant will have an adverse effect on the community of Kantron,as the plant is one of the main sources of employment for the locals.Steve Templeton considered all these factors before making a decision on the fate of the plant.If Steve Templeton decides to close the plant in Kantron,what important business social responsibility will Steve Templeton accomplish?

Which of the following moral theories will help an anthropologist study ancient societies with an impartial and unprejudiced mindset?

Which of the following statements best describes the moral theory of utilitarianism?

There are no specific governmental laws endorsing the moral minimum of social responsibility for corporations.

The moral minimum theory emphasizes correcting social injuries caused by a business.