Reference no: EM132144653

1. Dorothy believes that managers are responsible for running a business ethically, even though being profitable is the primary concern. Which notion does Dorothy subscribe to?

Profit Maximization

Profit Governance

Soldiering System

Corporate Social Responsibility

2. Which of the following is not a correct statement?

Pursuant to Kantian ethics, morality is judged by a person's act.

Pursuant to most ethical theories, law and ethical standards never conflict with one another; and thus if something is a law, it is, by definition, moral.

Pursuant to an ethics based on conscience or intuition, a person looks solely within himself or herself for ethical codes or moral determinations.

John Locke and Jean Jacques Rousseau would support the Social Contract theory of morality.

3. Which of the following is an accurate statement?

If business fails to be sufficiently social responsible it is thereby acting immorally too.

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities.

According to the Friedman view of the corporation, it has no moral or social responsibility, and its only obligation is to make money legally.

The corporation only is obligated morally to its shareholders, and thus owes no moral responsibilities to any other stakeholder groups.

4. Which is an accurate statement about the modern business corporation|

a. The corporation, once approved by the state and given a corporate charter, is a legal actor and artificial "person" endowed with legal and certain constitutional rights.

b. According to the traditional, conservative, Milton Friedman, organizational view of the corporation, it is only a legal actor and has no moral or social responsibility and just must obey the law and pay taxes.

c. A true corporate code of ethics today must have some provisions that go "above and beyond" the law; that is, an ethics code cannot be a mere "restatement" of the law.

d. All of the above.