Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

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Ethical issues arise when environmental ...

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A) the Friedman doctrine.
B) Sullivan's principles.
C) righteous moralism.
D) Kantian ethics.
E) cultural relativism.

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A) A firm exploiting the weak employment standards in a host nation
B) A firm dumping its chemical wastes directly into an ocean
C) A firm exploiting the weak intellectual property rights in a developing nation
D) A neighboring country opposing the introduction of a free trade area
E) A country denying its citizens basic human rights

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A) respecting fundamental human privileges.
B) achieving collective goals, even if that involves violating fundamental rights.
C) propagating home-country standards of ethics.
D) weighing the associated social benefits, costs, and risks.
E) maximizing stockholders' wealth and profits.

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A firm's stakeholders are individuals or...

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A) moving production to locations where they are free to pump pollutants into the environment.
B) imposing stringent environmental standards on developing countries.
C) creating common environmental and employment standards for all nations.
D) adopting costly pollution controls and in turn losing out on economic advantages.
E) adhering to civil laws rather than common laws in case of any environmental violations.

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A) was the most ethical way of doing business in South Africa.
B) was not sufficient to ethically justify the existence of Western businesses in South Africa.
C) would be effective only when companies opposed democracy in South Africa.
D) had led international companies to successfully combat the apartheid regime in South Africa.
E) would safeguard the citizens and businesses in South Africa from Western businesses.

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A) Ace Globe Inc., a firm that supplies machinery to Elephas
B) Matt, a prominent member of the top management of Elephas
C) Gamma Creators, a competing firm that produces similar quality steel rods
D) The government of the home country of Elephas
E) Wendy, a major buyer of Elephas steel rods

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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 by taking up social expenditures.
D) Everyone has duties to the community in which alone the free and full development of a person is possible.
E) Nations should vary the fundamental rights granted to their citizens based on their respective cultures.

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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 business should pursue only those actions where the social benefits outweigh the costs.
D) It asserts that managers should not follow ethical norms if they see that others firms are also not following them.
E) It fails to consider the idea that actions have multiple consequences.

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Despite the odious nature of the aparthe...

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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) After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated phone he made last month.
C) The manager at Almas Inc. has to make a vendor choice between his underqualified cousin and a highly experienced, trusted supplier.
D) Andrew is responsible for deciding whether he should upgrade the manufacturing unit with new machines and reduce costs for clients, or retain the impoverished manual labor.
E) Samantha has to decide whether the annual profits of the company should be distributed to the employees as a salary hike or in the form of non-monetary benefits.

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To foster ethical behavior, businesses n...

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