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Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

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Question 61

Multiple Choice

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Some contemporary moral philosophers view Kant's ethical philosophy as incomplete because his system has no place for:

A) basic human rights.
B) the moral worth of actions.
C) moral emotions and sentiments.
D) just and fair treatment of a minority.
E) human dignity.

F) None of the above
G) D) and E)

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Question 62

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Ethical dilemmas are situations in which only one of the available alternatives seems ethically acceptable.

A) True
B) False

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Question 63

Multiple Choice

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According to Rawls, which of the following principles would be unanimously accepted by people under the veil of ignorance?

Due to certain strict environmental and employment standards in its home nation, Taurus Inc. has shifted its operations to developing nations. Hence, the firm has now been able to gain competitive advantage by avoiding costly pollution controls. This strategic move of Taurus Inc. will be considered:

The CEO of Gold Chip Software engages in corruption and uses his power in the company to enrich himself and his family members. Consequently, his employees also engage in the same behavior. In this case, the roots of unethical behavior can be traced to:

Kantian ethics asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either.

Who asserted that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law?

Why are home-country managers working abroad in multinational firms (expatriate managers) likely to experience more than the usual degree of pressure to violate their personal ethics?

The best decisions, from a utilitarian perspective, are those that:

Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences?

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Which of the following is detrimental to an ethical business setting?

Which of the following refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

What are the seven things that an international business and its managers can do to make sure ethical issues are considered in business decisions?

Which of the following is the last step in ethical decision making?

Cadmium Technologies Inc. believes that the sole purpose of its existence is to maximize profits for its stockholders. The firm has often been criticized for not engaging in any social investments. However, the firm has been appreciated for abiding by the laws while earning profits. According to this information, which of the following approaches to ethics is most likely being adopted by Cadmium Technologies?

Many of the ethical issues in international business are rooted in the fact that political systems, law, economic development, and culture vary significantly from nation to nation.

The righteous moralist's approach to ethics is typically associated with managers from developed nations.

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

Describe the five-step process involved in ethical decision making.