Exam 42: Ethics and Social Responsibility of Business

According to Rawls's social justice theory, a person who is in a state of "veil of ignorance" is best fit to select the fairest possible ethical principles.

Jules Renton, a financial accountant at Valkyrie Aviations, deals with the accounts Valkyrie has with the government. Valkyrie Aviations is in contract with the government to deliver a new bomber plane called Spearhead. While reviewing the Spearhead account, Renton noticed that Valkyrie has been falsely billing the government for Spearhead's production. If Renton chooses to be a whistleblower and expose the scam to the government, what statute enacted by the Congress must he invoke?

The social contract theory is derived from Rawls's social justice theory.

The theory of corporate citizenship contends that corporations owe a duty to promote the same social goals as individual members of society.

If Steve Templeton decides to close the plant in Portland, Oregon, what important business social responsibility will he accomplish?

In accordance to the stakeholder interest theory, a corporation must view employees solely as a means of maximizing shareholder wealth.

Ethics refers to a set of principles laid down by the society which an individual is expected to follow.

According to ethical relativism, ________.

Which of the following moral theories would closely follow the categorical imperative "Do unto others as you would have them do unto you"?

The main criticism for ethical fundamentalism is that it does not allow people to decide what is right or wrong for themselves.

Which of the following is an apparent disadvantage of utilitarianism?

Under ethical fundamentalism, a person looks to an outside source for ethical rules or commands.

In Kantian ethics, the principle of inconsistency postulates treating all ethical cases differently.

Which of the following is a "corporate citizenship" as a social responsibility theory in business?

There are no specific governmental laws endorsing a moral minimum of social responsibility on corporations.

Section 406 of the Sarbanes-Oxley Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.

Explain the two principles used to derive the universal rules of Kantian ethics?

Which of the following is a theory that chooses the greatest good to society?

The Whistle-blower Statute is also known as the ________.

Kantian ethics is also referred to as ________ ethics.