Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Expatriate managers may experience more than the usual degree of pressure to violate their personal ethics because of which of the following?

Often, the code of ethics draws heavily upon documents such as the ________, which itself is grounded in Kantian and rights-based theories of moral philosophy.

________ approaches to business ethics are raised by business ethics scholars primarily to demonstrate that they offer inappropriate ethical decision making in a multinational enterprise.

Cultural relativism suggests that even if slavery is culturally acceptable in a country, a foreign firm operating in that country should avoid using slave labor.

Explain the concept of moral imagination as it relates to a company's stakeholders.

BP, one of the world's largest oil companies, has made it part of the company policy to undertake "social investments" in the countries where it does business. There was no economic reason for BP to make this social investment, but the company believes it is morally obligated to give something back to the societies that have made its success possible. BP's actions are an example of

________ recognize that human beings have fundamental rights and privileges that transcend national boundaries and cultures.

An international U.S.-based company sets up a production unit in a developing country with poor environmental regulations. This contributes to the

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

Mahatma Gandhi felt the best decisions are those that produce the greatest good for the greatest number of people. This demonstrates the ________ perspective.

An American manager in Colombia routinely pays off the local drug lord to guarantee that his plant will not be bombed and that none of his employees will be kidnapped. The manager argues that such payments are ethically defensible because everyone is doing it. The manager's argument exemplifies which of the following ethical approaches?

Rawls' philosophy that inequalities are justified if they benefit the position of the least-advantaged person is known as the

In its extreme viewpoint, ________ suggests that if a culture supports slavery, it is all right to use slave labor in the country.

Why are expatriate managers at a greater risk of violating their personal code of ethics?

Establishing ________ involves a business resolving to place moral concerns ahead of other concerns in cases where either the fundamental rights of stakeholders or key moral principles have been violated.

According to ________, the social responsibility of business is to increase profits, so long as the company stays within the rules of law.

According to the Friedman doctrine,

________ is a French term that refers to honorable and benevolent behavior, considered the responsibility of people of high (noble) birth.

The Foreign Corrupt Practices Act was amended to allow "facilitating payments" to secure contracts that would not otherwise be secured.

The ________ obliges member states to make the bribery of foreign public officials a criminal offense and excludes facilitating payments made to expedite routine government action from the convention.