Exam 42: Ethics and Social Responsibility of Business

________ is a moral theory which holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.

The theory of moral minimum advocates making profit even while causing harm to others.

According to ________, keeping a promise to abide by a contract is a moral duty even if that contract turns out to be detrimental to the obligated party.

Kant believed that people owe moral duties that are based on universal rules.

If a business plan aims at increasing national employment but results in smaller profits for the corporation, it is in accordance with the traditional view of social responsibility.

One of the advantages of utilitarianism is that it is easy to apply in most real-life situations.

Give an account of the social responsibility of businesses and list its four main theories.

From which of the following theories of morality is Rawls's social justice theory fundamentally derived?

What is theory of moral minimum in social responsibility for businesses?

According to Rawls's social justice theory, moral duties are based on an implied social contract.

Sinbad Cola, a soft drink manufacturer, recently opened a plant in Buron. The wastages from the plant were dumped in the Buron Sea, situated a mile away from the plant. Dumping of wastes in the sea resulted in water pollution, which negatively affected the Buron fishing business, and also resulted in groundwater contamination. Sinbad Cola compensated by bringing contamination levels down with additional filters and paying damages to the local fishermen. Which theory of business social responsibility did Sinbad Cola meet when they compensated for their harmful wastage disposal methods?

Which of the following is a perceived disadvantage of Kantian ethics?

The traditional view of social responsibility of business emphasized maximizing profits for employees rather than for shareholders.

Charlotte works as a teacher in Africa. Every Sunday, she visits nearby villages and convinces families to send their children to school. She arranges accommodation for these children and helps them with their education. In a recent interview, Charlotte mentioned that she looks up to Mother Teresa not only for inspiration but also to resolve ethical dilemmas. Which of the following theories would support Charlotte's approach to ethics?

Utilitarianism directs an individual to choose the action that provides the greatest good for the greatest number of people.

Portman, who runs a computer hardware store, had signed a contract with Stewie Inc. to deliver 125 computer monitors. He was to deliver it by the 5th of August, but by the 3rd of August, Portman could not arrange for the monitors, as his usual supplier was not available. Portman then decided to go to another supplier who had a higher selling price rather than cancel the contract with Stewie Inc., as he believed it was his duty to do so. Which of the following moral theories matches Portman's behavior?

Which of the following moral theories will help an anthropologist study ancient societies with an impartial and unprejudiced mindset, especially when it relates to comparing ethics and customs followed by ancient societies to those being followed by present societies?

The categorical imperative "Do unto others as you would have them do unto you" is an illustration of Kantian ethics.

According to ethical relativism, an action that is usually thought to be unethical would not be considered unethical if the perpetrator thought it was ethical.

________ is a set of moral principles or values that governs the conduct of an individual or a group.