IB 320F Chapter 5 Study Questions

The ______ Doctrine states that increasing profits is the only social responsibility a company has

Friedman

Straw man approach to ethics:

Friedman doctrine, cultural relativism, the righteous moralist, naive immoralist

An organization's code of ethics may be partially based on documents such as the UN Universal Declaration of _______ ________.

Human Rights

_______ ethics holds that one should always respect the humanity in others and act in accordance with rules that could apply to everyone.

Kantian

The belief that ethics are culturally determined and a firm should adopt the ethics of the country It is doing business in is

cultural relativism

A system of moral principles is known as ___

ethics

Young children are permitted to work in the manufacturing of soccer balls in Pakistan, but this would not be legal in the United States. This is one example of a(n) ______ dilemma.

ethics

What management position serves as the organization's internal control point for improprieties?

ethics officer

Employees, directors, stockholders are examples of _____ stakeholders

internal

A(n) ______ distribution is one that is considered fair and equitable.

just

A firm's organizational culture ____

reflects the set of values, traditions, and customs that guide its employees' behavior. The firm's culture often comprises a set of unspoken guidelines that employees share with one another through various work situations.

The _____ person says that the multinational home country standards of ethics are the appropriate approach to follow in foreign countries

righteous moralist

Certain theories accept that there are rights, both positive and negative, that all humans have simply because they are human. These are called _______ theories

rights

The ______ theories recognize that there are things we CANNOT do against individuals because they have certain more, fundamental rights.

rights

Concept of cultural relativism:

you should adopt the culture of the country that you are doing business in, no matter what, there is a rejection of universal notions of morality

A business strategy that does not violate the accepted principles of right or wrong governing the conduct of businesspeople is called a(n) ______ strategy

ethical

Which theories provide the moral compass that is important when thinking through the ethical implications of decisions in a systematic way?

Rights theories, Rawl's theory of Justice

_____ ethics measure actions on a cost-benefit scale.

Utilitarian