Exam 5: Ethics, corporate Social Responsibility, and Sustainability

A firm's internal stakeholders include customers,suppliers,and lenders.

The Kantian approach to ethics suggests that:

What is a code of ethics?

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

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

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?

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

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

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

The Foreign Corrupt Practices Act outlawed the paying of bribes to foreign government officials to gain business.

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

Friedman's arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate.

In your opinion,are bribes ever acceptable? Why or why not?

The tragedy of the commons occurs when a resource held in common by all,but owned by no one,is overused by individuals,resulting in its degradation.

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

Which of the following is NOT an example of internal stakeholders?

Employees in a business often take their cue from business leaders,and if those leaders do not behave in an ethical manner,they might not either.

Facilitating payments are:

Straw men approaches to business ethics offer appropriate guidelines for ethical decision making in a multinational enterprise.

Expatriate managers may experience more than the usual degree of pressure to violate their personal ethics because of all of the following reasons EXCEPT: