Business Ethics BBA 4751 Multiple Choice
1. Which of the following is the challenge associated with ethical pay offs?
a. It ruins the reputation that triggered it.
b. It is very small in comparison to profits.
c. It is very difficult to measure ethical pay offs.
d. It can easily be duplicated by competitors.
2. Which of the following is a similarity between utilitarianism and stakeholder theory?
a. Both place organizational benefits above other considerations.
b. Both consider the consequences of management decisions for the well-being of all affected groups.
c. Both contribute to society in ways that go beyond the narrow obligations of law and economics.
d. Both strive to focus only on consumers.
3.In the textbook, Milton Friedman claims that a corporate executive has a responsibility to conduct business in accordance with his or her employers desires, which generally will be to make as much money as possible while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom (as cited in Hartman, DesJardins, & MacDonald, 2014, p. 217). This view of corporate social responsibility has its roots in the __________ tradition.
4. The practice of attending to the image of a firm is referred to as:
a. reputation management.
c. crisis management.
5. According to your textbook, Just as individuals have no ethical obligation to contribute to charity or to do volunteer work in their community, business has no ethical obligations to serve wider social goods. But, just as charity is a good thing and something that we all want to encourage, business should be encouraged to contribute to society in ways that go beyond the narrow obligations of law and economics (Hartman, DesJar
Post time: 03-10-2018