Maverick Stars Inc., a U.S.-based multinational company, applies its home-country standards of employment and production in its manufacturing facilities located in some less-developed host nations. a. In other words, it is a system of morality that seeks to maximize the amount of pleasure and minimize the amount of pain in a given situation. b. Shareholders 1.Chapter 2 - Normative Theories of Ethics Flashcards - Quizlet; 2.HSA305Quiz2.docx - Which of the following is true regarding 3.quiz 2 bus309.docx - Question 1 5 out of 5 points - Course Hero a It involves the cooperative efforts of a for-profit firm and a nonprofit organization for their mutual benefit. In this case, the roots of unethical behavior can be traced to: According to the pyramid of corporate social responsibility, which component includes the behavioral aspect of corporate social responsibility, that is being meticulous and trustworthy. b. E. hire employees with strong personal ethics. A utilitarian will always keep his promises to a friend and follow the law. The manufacturing unit does not meet the acceptable standards of the manufacturing facility in the home nation. B. D. It believes in maximizing personal well-being and the B. descriptive ignorance which of the following statements is true of utilitarian ethics? A. Javier has been doubtful about a car he purchased recently, and hence has been reading only good reviews about the car to console himself. B. Comparing and weighing the alternatives a. Consequences are the only important consideration. c. Legal responsibilities D. ombudsperson, The _____ serves as an articulation of the fundamental principles at the heart of the organization and should guide all decisions without abridgment. True Cultural relativism C. Righteous moralism D. Sullivan principles E. Just distribution. Utilitarianism is concerned with providing for the needs of the minorities. B. a. Deontological theory Intentional deliberation the deontological theory compares a current ethical dilemma, while the utilitarian ethical theory is a belief in time-and-place ethics D. Involving in moral imagination Allan protests against individuals who litter on roads because he believes that society expects cleanliness from people. Just distribution situations where one is unable to decide between equally wrong actions. B. A. applying low standards of business ethics in its host nations. Promoting employees who engage in ethical behavior and penalizing those who do not A. c. self-regulations d. It offers significant advantages to U.S. businesses dealing in countries in which the use of illegal payments and bribes is acceptable. D. Board of directors E. Stockholders, Elephas Inc. is a steel rod manufacturing company that has customers, investors, vendors, and competitors from all across the globe. E. maximizing stockholders' wealth and profits. d. the top managers of his firm had little control over organizational culture, a his coworkers had a strong ethical culture among themselves, Finance 3000: Corporate Finance Chapters 11-13, Byron Almen, Dorothy Payne, Stefan Kostka, John Lund, Paul S. Vickery, P. Scott Corbett, Todd Pfannestiel, Volker Janssen, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. Such practices violate laws that are widely accepted in developed countries. 1. Ethical responsibilities False False According to stakeholder theory, social responsibility refers to paying attention to the interest of all the stakeholders such as management, suppliers, customers, local community, and so forth. It upholds adhering to a set of principles that may forbid an E. cultural relativism. A. basic human rights. b. C. utilitarianism B. shun the concept of noblesse oblige. Which of the following statements is true of the deontological theory and the utilitarian ethical theory? Which of the following best describes ethics? D. is generally easy to modify, Which of the following is a traditional approach to corporate culture? b. c. Sarah, who is a manager at an organization that does not provide guidelines for ethical behavior Such practices are not economically feasible in the modern era. E. Identifying the stakeholders a decision would affect, Which of the following steps in ethical decision making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics? C. Virtue-based ethics A. decision makers fail to notice gradual changes over time c. A utilitarian is not necessarily concerned with the welfare of others. 49. Which of the following best describes Utilitarianism? _____ is a business's concern for the long-range welfare of both the company and its relationship to the society within which it operates. C. Legal compliance Customers d. Both theories are beliefs based on time-and-place ethics. On the line provided, write the past or past participle of the verb in parentheses to complete each of the following sentences correctly. a. Ethical dilemma It upholds adhering to a set of principles that may forbid an act that might otherwise provide overall good consequences. b. A. B. Asian countries are still under the influence of totalitarianism. A) It upholds adhering to a set of principles that may forbid an act that might otherwise provide overall good consequences. However he fails to get a job since the school he studied in did not equip him with the adequate knowledge to find a job. D. Companies should place their narrow economic interests before the interests of stakeholders. Which of the following statements is true about value-based cultures? D. just distribution. _____ directs us to decide based on overall consequences of our acts. supports the belief that life should be fair E. is easy to implement because of its childlike simplicityANS: C A strong sense of personal ethics exhibited by employees c. E. geographical distance between employees and the parent company. Corporate cultures remain unaffected even in the presence of strong business leaders. Aristotelian ethics. The local community is not considered one of the stakeholders of an organization. d. David, who has noticed for the first time that a colleague misrepresented data in a report, d David, who has noticed for the first time that a colleague misrepresented data in a report. c. should be in written form to avoid confusion. D. classicism, Free market economics is grounded in the _____. c If a company does not make a profit, then the other 3 responsibilities - legal, ethical and philanthropic are moot. B. Utilitarianism . Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is cultural relativism. d. A person at this level is more concerned with how an action will be viewed by others. C. influence foreign bureaucrats in the company's favor. Morning Ethics Collection: Farewell Black History Month Edition A. firms can pursue actions that violate fundamental rights in order to maximize profits. Hence, the firm has now been able to gain competitive advantage by avoiding costly pollution controls. D. considering the consequences of our actions. b. A. a. Rebecca, who has noticed that most of her colleagues often use office supplies for personal use Hogg was touched by tragedy, and has allowed the trauma to dominate his life. Ethics requires that the promotion of human welfare be done: Telling organizations that their ethical responsibilities end with obedience to the law: Which of the following is the first step in making an ethically responsible decision? C. decision makers are adamant on maintaining status quo due to a fear of change a. Pyramid of corporate social responsibility b. Code of ethics Which term refers to a type of social responsibility concerned with developing processes and structures that not only meet the needs of a current community, but benefit future generations as well? Which ethical theory does not believe in absolute rules and states that during an ethical dilemma, a person makes the most appropriate decision by considering all the alternatives and choosing the lesser among evils as the resolution? C. Identifying the ethical issues A theory that tells us which actions are right and which are wrong. C. legally justify their unethical behavior. coordinating ethics. 1 / 1 point Which of the following statements is TRUE? Following simplified decision rules D. just and fair treatment of a minority. A person at this level performs unethical and manipulative actions. To ponder over the nuances of ethics Monitoring and learning from outcomes a. 33. humanitarian ethics. Using a dictionary when needed, define each word. A. the righteous moralist. According to our consensus criteria, the ethical implications for humans and other organisms were only recommended for a Vision I perspective by the panel (Table 3). D. Obeying the law and keeping promises, Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. It can lead to consumer cause fatigue. D. weighing the associated social benefits, costs, and risks. Utilitarianism holds that an action that affects the majority adversely is morally wrong. D. Neon Synergy will extensively advocate the idea that universal notions of morality transcend different cultures. Moral relativism theory He supports this view by stating facts about how the economic and social gains from employing children in these farms outweigh the long-term economic losses due to the health problems and lack of education suffered by these children. B. cultural relativism. a. Moral relativism theory This makes Jim a(n) _____ in the company's pollution control policy. A. Which of the following statements is true regarding utilitarianism? A Ethical beliefs vary widely from culture to culture. 28. b Both theories may lead to actions that are not ethically correct. c should be in written form to avoid confusion. a. Tracks 4 Flashcards | Quizlet C. have greater social costs than benefits. D. According to this declaration, citizens of a nation have no duties to their community. What is a decision procedure in ethics? A. maximize a firm's profit. c Both theories have flaws associated with predicting the future consequences of an action. A. Virtue ethics b. Which term refers to the optimum utilization of assets so that a firm continues making profit in the long run? Which of the following statements is true of the utilitarian approach to business ethics? A. a benevolent behavior that is considered the responsibility of successful enterprises. D. Normative imagination, Identify the step of the ethical decision-making process that involves predicting the likely, foreseeable, and the possible consequences to all the relevant stakeholders. Which of the following statements is true of utilitarian ethics?
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