Ethics, Corporate Social Responsibility, And Sustainability

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Question 1
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Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

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Question 2
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What is considered normal business practice in one country may be considered unethical in other countries.

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Question 3
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The Sullivan principles mandated that GM could operate in South Africa as long as the company did not comply with and promoted the abolition of apartheid laws.

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Question 4
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Corporations can contribute to the global tragedy of the commons by not pumping pollutants into the atmosphere or dumping them in oceans or rivers.

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Question 5
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International businesses cannot gain economic advantages by making payments to corrupt government officials.

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Question 6
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The Foreign Corrupt Practices Act was amended to allow "facilitating payments" to secure contracts that would not otherwise be secured.

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Question 7
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The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental pollution, and the use of power are always clear-cut.

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Question 8
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Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

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Question 9
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Societal business ethics are divorced from personal ethics.

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Question 10
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An individual with a strong sense of personal ethics is less likely to behave in an unethical manner in a business setting.

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Question 11
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A firm's organizational culture refers to the values and norms that are shared among employees of an organization and those outside the organization.

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Question 12
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The utilitarian approach to ethics is a straw man approach to business ethics that has some inherent value, but is unsatisfactory in important ways.

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Question 13
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Milton Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.

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Question 14
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The Friedman doctrine is the belief that ethics are nothing more than a reflection of culture and therefore, a firm should adopt the ethics of the culture in which it is operating.

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Question 15
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Cultural relativism suggests that even if slavery is culturally acceptable in a country, a foreign firm operating in that country should avoid using slave labor.

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Question 16
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A manager from the United States is sent to Nigeria to supervise the construction of a road. As a righteous moralist, he is likely to learn the ethics and values of Nigeria and follow them, even if they don't concur with his own.

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Question 17
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Most moral philosophers see value in utilitarian and Kantian approaches to business ethics.

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Question 18
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Utilitarian philosophy takes into consideration the principle of justice.

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Question 19
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According to Rawls, inequalities are unjust even if the system that produces inequalities is to the advantage of everyone.

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Question 20
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Building an organization culture that places a high value on ethical behavior requires incentive and reward systems.

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