Exam 5: Ethics, corporate Social Responsibility, and Sustainability

Discuss the cultural relativism approach to business ethics.What is the connection between this approach and the phrase "When in Rome do as the Romans"? How well does this approach hold up ethically?

Why do managers behave in a manner that is unethical?

Discuss the utilitarian approach to business ethics.When was this approach developed? What are its drawbacks?

Identify the correct statement about the rights theories.

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

Which of the following persons believed that people should be treated as ends and never purely as means to the ends of others?

An individual with a strong sense of personal ethics is less likely to behave in an unethical manner in a business setting.

Talking with prior employers regarding someone's reputation is a good way to discern a potential employee's ethical predisposition.

Identify the INCORRECT statement about environmental regulations.

The righteous moralist suggests that:

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.

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?

What are ethical dilemmas? Why do they exist?

According to John Rawls:

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

Milton Friedman's basic position is that the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

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

Most moral philosophers see value in utilitarian and Kantian approaches to business ethics.

Which of the following observations about the Foreign Corrupt Practices Act is true?

An American firm that sets up production units in China is accused of releasing untreated chemical waste into water bodies.The manager of the firm defends the firm stating that,factories in China set up by French and British firms also release untreated chemical waste into water bodies.In this example,the manager is using the utilitarian approach to business ethics.