QUESTION Which of the following explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business? A. The Friedman doctrine B. The Sullivan principles C. Utilitarianism D. Marxism E. Kantian ethics ANSWER A
Date: September 3rd, 2020
QUESTION Which of the following straw men approaches to business ethics is best summarized by the maxim “When in Rome, do as the Romans”? A. Cultural relativism B. Just distribution C. Kantian ethics D. Righteous moralist E. Sullivan principles ANSWER A
Date: September 3rd, 2020
QUESTION Who asserted that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law? A. Milton Friedman B. Leon Sullivan C. Karl Marx D. Immanuel Kant E. David Hume ANSWER A
Date: September 3rd, 2020
QUESTION 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 […]
Date: September 3rd, 2020
QUESTION Which of the following is a straw man approach to business ethics? A. The Friedman doctrine B. Kantian ethics C. Sullivan’s principles D. Utilitarian philosophy E. Just distribution ANSWER A
Date: September 3rd, 2020
QUESTION 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. In this context, which of the following statements is most likely to be true regarding Neon Synergy? A. All business units of Neon Synergy will adopt a common standard […]
Date: September 3rd, 2020
QUESTION Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to expedite government formalities. However, in countries where such payments are considered as unethical, the company restricts its managers from indulging in such activities. This behavior of the company illustrates the straw man approach of: A. the […]
Date: September 3rd, 2020
QUESTION Green Quantum Inc. has research and production units all across the globe. The company expects its expatriate managers to adopt the ethics propagated by the culture in which they operate their respective units. Even in situations when others consider certain actions as unethical, the company allows its managers to pursue such actions if they […]
Date: September 3rd, 2020
QUESTION The practice of “gift giving” between the parties to a business negotiation is considered right and proper behavior in many Asian cultures. However, some Westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This reflects that: A. notions of ethics are universal. B. Asian countries […]
Date: September 3rd, 2020
QUESTION Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials to expedite overseas shipments. It has decided to open a plant in the United States, and has determined that it would not offer any facilitating payments to U.S. officials. Shangrilah’s behavior illustrates the straw man […]
Date: September 3rd, 2020
