QUESTION A multinational corporation that adopts the naive immoralist approach to ethics will most likely: A. lack cultural sensitivity. B. demonstrate moral imperialism. C. be highly ethical in its business in a host nation irrespective of the ethical standards followed by other corporations in that host nation. D. believe that, in a host country, any […]
QUESTION What does Article 29 of the Universal Declaration of Human Rights convey? A. By protecting employees, trade unions violate the fundamental rights of stockholders. B. It is ethical to pay less than subsistence wages, if that happens to be the practice in some countries. C. Multinationals can compensate for the violation of fundamental rights […]
QUESTION An American manager of a multinational company who is working in one of the company’s production plants located in the country of Cadmia employs child labor at the manufacturing unit he is in charge of. On being criticized as unethical, the manager argues that such actions are ethically defensible because everyone in Cadmia is […]
QUESTION Article 23 of the Universal Declaration of Human Rights implies that it is unethical to employ child labor in sweatshop settings and pay less than subsistence wages, even if that happens to be common practice in some countries. This is in contrast to: A. Kantian ethics. B. cultural relativism. C. rights theories. D. Marxism. […]
QUESTION Which of the following statements is true of the utilitarian approach to business ethics? A. It holds that an action is judged desirable if it leads to the maximization of stockholders’ wealth. B. The best decisions, from a utilitarian perspective, are those that produce the greatest profits for businesses. C. It recognizes that a […]
QUESTION The best decisions, from a utilitarian perspective, are those that: A. maximize a firm’s profit. B. maximize stockholders’ wealth. C. have greater social costs than benefits. D. produce the greatest good for the greatest number of people. E. result in the justified treatment of a minority. ANSWER D
QUESTION Which of the following is a drawback of the utilitarian approach to business ethics? A. It omits the consideration of justice. B. It fails to consider the benefits, costs, and risks of a course of action. C. It advocates moral imperialism and ethnocentrism. D. It overemphasizes the significance of maximization of stockholder wealth. E. […]
QUESTION Which of the following approaches to ethics holds that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences? A. Ethnocentric B. Utilitarian C. Cultural relativist D. Naive immoralist E. Righteous moralist ANSWER B
QUESTION The utilitarian philosophy for business ethics primarily focuses on: A. applying home-country standards of ethics in foreign countries. B. adopting the ethics of the culture in which a business operates. C. maximizing business profits by increasing employee productivity. D. ensuring justified treatment of any minority. E. weighing the benefits, costs, and risks associated with […]
QUESTION Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action? A. Naive immoralism B. Friedman doctrine C. Ethnocentrism D. Utilitarianism E. Righteous moralism ANSWER D
