Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental pollution, and the use of power are always clear-cut.

What is considered normal business practice in one country may be considered unethical in other countries.

In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.

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

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

Which of the following enables managers to walk away from a decision that is profitable, but unethical?

International businesses cannot gain economic advantages by making payments to corrupt government officials.

According to the naive immoralist,

How can companies strengthen the moral courage of employees?

Identify the INCORRECT statement about environmental regulations.

A firm's _____ include customers, suppliers, and lenders.

_____ means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder.

Facilitating payments are:

The utilitarian approach to business ethics suggests that:

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

According to the _____ point-of-view, a firm should adopt the ethics of the culture in which it is operating.

The righteous moralist approach to ethics is typically associated with managers from developing and under-developed nations.

The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as:

Discuss the naive immoralist's approach to business ethics. What are the criticisms of this approach?

According to the _____ approach, the best decisions are those that produce the greatest good for the greatest number of people.