Exam 2: Ethics and Social Responsibility of Business

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 not to close the plant in Kantron,what business social responsibility will Steve Templeton be achieving?

Section 406 of the ________ Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.

The social contract theory is derived from Rawls's social justice theory.

An ethically wrong state or condition can still be legal.

Which of the following cases is an example of agreement of ethics and laws?

Kantian ethics distinguishes between the morality one uses to judge others and the morality one uses on oneself.

All laws are framed to meet the highest ethical standards.

What is the moral minimum theory in the social responsibility of businesses?

The main criticism about ethical fundamentalism is that it does not allow people to decide for themselves what is right and what is wrong.

According to Kantian ethics,one would be obligated to abide by a contract even if that contract turns out to be detrimental to the obligated party.

Kantian ethics is based on the premise that people can use reasoning to reach ethical decisions.

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

________ is a moral theory with origins in the works of Jeremy Bentham and John Stuart.

________ theory is a moral theory that asserts that fairness is the essence of justice.

Which of the following theories of ethics is also referred to as duty ethics?

Utilitarianism postulates doing the greatest good for the greatest number of people.

The traditional view of social responsibility of business emphasized maximizing profits for employees rather than shareholders.

The ________ theory of social responsibility requires corporations to solve social problems,including ones it did little,if anything,to cause.

Which of the following is an apparent disadvantage of utilitarianism?

________ is one of the two principles of Kantian ethics according to which the actor must abide by the rule he or she uses to judge the morality of someone else's conduct.