Exam 42: Ethics and Social Responsibility of Business

Reversibility is a principle of Kantian ethics which says that ________.

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

Under the theory of ethical relativism,fairness is considered the essence of justice.

Explain the two principles used to derive the universal rules of Kantian ethics?

If a business plan aims at increasing national employment but results in smaller profits for the corporation,it is in accordance with the traditional view of social responsibility.

________ is a moral theory which states that people owe moral duties that are based on universal rules.

Ethical relativism holds that moral standards ought to be based on an individual's feelings of what is right or wrong.

Which of the following moral theories would closely follow the categorical imperative "Do unto others as you would have them do unto you"?

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

________ Act is a federal statute that permits private parties to sue companies for fraud on behalf of the government and share in any monetary recovery.

The theory of moral minimum advocates making profit even while causing harm to others.

The theory of maximizing profits holds that the interests of constituencies other than the business itself are not important in and of themselves.

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

Sinbad Cola,a soft drink manufacturer,recently opened a plant in Buron.The wastages from the plant were dumped in the Buron Sea,situated a mile away from the plant.Dumping of wastes in the sea resulted in water pollution,which negatively affected the Buron fishing business,and also resulted in groundwater contamination.Sinbad Cola compensated by bringing contamination levels down with additional filters and paying damages to the local fishermen.Which theory of business social responsibility did Sinbad Cola meet when they compensated for their harmful wastage disposal methods?

From which of the following theories of morality is Rawls's social justice theory fundamentally derived?

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

________ is a moral theory which holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.

An ethically wrong state or condition can still be legal.

Which of the following moral theory matches Steve Templeton's approach in keeping the plant open?

There are no specific governmental laws endorsing a moral minimum of social responsibility on corporations.