Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

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

_____ enables managers to walk away from a decision that is profitable but unethical.

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

Utilitarian philosophy takes into consideration the principle of justice.

According to Rawls, inequalities are unjust even if the system that produces inequalities is to the advantage of everyone.

A situation in which none of the available alternatives seems morally acceptable is called:

According to John Rawls:

Which of the following refers to the values and norms that the employees of an organization share?

According to John Rawls's difference principle,

The products of Carmen Stores, an international sports apparel chain, are manufactured in sweat factories in China. According to the company president, using sweatshop labor offers a means of livelihood to children and young adults, as well as supplies good quality apparel to customers at a lower cost. She asserts that the actions of the company are justified because it results in the benefit of the maximum number of people. The company president's argument is based on which of the following ethical viewpoints?

Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors in its subsidiary, even though it is against the multinational's home-country ethics. Which of the following approaches to business ethics would justify the actions of the multinational company?

The veil of ignorance was developed by _____ as part of his approach to justice theories.

What are the ways in which international business and its managers can ensure that ethical issues are considered in business decisions?

Ethical dilemmas exist because many real-world decisions involve:

To foster ethical behavior, many businesses draft a code of ethics, which is an informal statement of the ethical priorities the company follows.

Explain the Friedman doctrine. Who developed the philosophy? How well does this approach hold up ethically?

Ethics officers are hired by many businesses to make sure that all employees are trained to be ethically aware and that ethical considerations enter the business decision-making process at all levels of the organization.

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:

Discuss how companies such as Exxon, Kodak, and IBM helped improve human rights in South Africa.