MGMT 1005 Final - Past T/F

According to Bentham, the calculation of happiness of any action involves "hedonistic categories" including certainty and propinquity, which are measured by the repeatability or non repeatability of pleasure or pain when an action happens more than ocne

F

According to Bentham, the calculation of happiness of any action involves "hedonistic categories" including fecundity and purity, which measure the length of time and physical proximity of the pleasure or pain when an action occurs for the first time

F

According to Rawls, economic inequality can never be justified, even if all parties follow the principle of equal liberty, the principle of fair equality of opportunity, and the difference principle

F

Porter & Kramer's discussion of energy use and logistics in the value chain is supported by Ricardo's argument in favor of comparative advantage and free trade among nations, regardless of location around the globe.

F

Kant, Bentham, and Mill would agree that ethical analysis of the environmental impact of business operations should include animal, plants, and ecosystems as stakeholders with rights

F - Bentham only looks at humans

In the case of Heinz and the druggist, if Heinz were to steal the drug, he would violate Bentham's categorical imperative bc he could not universalize them.

F - KANT

Betty Dukes v Walmart was the first federal class action lawsuit in US history for intentional sexual harrassment

F - Lori Jensen v. Eveleth Taconite was

A similarity between the global aid efforts of Merck and Mosaic is that they are both donating

F - Merck is not donating, they are CSV

Ricardo's theory of "comparative advantage" is completely aligned with Porter & Kramers description of "local cluster development" which emphasizes the intention cultivation of diverse local economies as a way to create more robust and transparent markets

F - Ricardo is all about each country doing ONE thing "comparative advantage"

A teleological rationale for reducing the amount of pepper without reducing the size of the container would carefully balance the burdens and benefits to all parties, using principles to ensure fair opportunity for all

F - benefits and burdens = deontological

Bentham's "greatest happiness principle," which equated good with pleasure, is a way to judge whether any individual's action is right or wrong, but cannot be used to judge an action made by a group of individuals or a govn.

F - can be used by group

Gilligan would characterize the efforts of the 'alliance' and the 'accord' as being representative of the "separated self" based on competition and not collaboration

F - connected self, based on collab.

Choosing to operate a clothing factory with numerous fire safety violations simply because other factory owners have also chosen to ignore fire safety laws would be characterized as a pre-conventional decision, according to Kohlberg

F - conventional

The doctrine of "employment at will" based on the law of agency, holds that an agent has a duty to act solely for the benefit of the principal in all matter connected with his agency. The SOX of 2002, by enacting certain protections for employees of public companies, eliminated the doctrine of "employment at will" and now requires a showing of "just cause" for all employees before they can be terminated.

F - employment at will is the current standard

Hennepin County Commissioner Jeff Johnson supports the SWLR

F - he dont

According to the Financial Crisis Inquiry Commission, the Federal Reserve was well prepared for the events of 2007 and 2008, because it was clear to key policy makers that mortgage securitization risks in the financial system had been concentrated

F - ill prepared

Thomas Friedman described the era of companies globalizing as Globalization 1.0

F - individuals = 1.0

In the video we watched about the oil drilling in the Niger Delta, a village elder of the Ogoni people described how the villagers worked together closely with Royal Dutch Shell to ensure that important agricultural and fishing areas would be preserved, ensuring that the "greater good" would be fairly distributed

F - not a mutual decision

The offer and acceptance of an adjustable-rate mortgage to a sub-prime borrower would not violate Kant's categorical imperative, as long as the mortgage contract has positive outcomes for all parties, even if the borrower would not have chosen the mortgage with full disclosure of risk by the mortgage lender

F - not transparent

According to Rawls, economic inequality can be justified if individuals choose to follow his universal principles of justice as fairness, which apply to human beings in all political systems

F - not universal

Property owners who desire the outcome of increased property values near the new stations of SWLR have a deontological rationale

F - teleological

A key factor for Carroll in his description of "corporate social responsibility" is the duty of the corporate executive to maximize shareholder return, with no regard to other stakeholders

F - that is Friedman. Carroll looks at all stakeholders.

Creating economic value by creating societal value through reconveiving products and markets for billions of new customers at the bottom of the pyramid is rejected by Porter & Kramer as Prahalad's "old, narrow view of capitalism"

F - they agree with Prahalad

Aggressive use of mark to market accounting was used by Enron to "hide" bad debts and toxic assets, making Enron's current financial position seem stronger than it actually was

F, SPE not mark to market

Every 2 years, Axel Springer was required by the Dodd Frank Act to publish and extensive "sustainability report" audited by professional audit firms like Ernst & Young and PWC that fulfilled more than 120 economic, social, and ecological performance criteria.

F, they freely chose

A similarity between the global aid efforts of Merck and Mosaic, as portrayed in the videos we watched in class, is the fact that both companies have partnered with local leaders and organizations in the countries where their programs are in place, demonstrating what Carroll would recognize as "moral management" orientation toward community stakeholders

T

According to Bentham, the calculation of happiness of any action involves "hedonistic categories" including duration and propinquity, which are both measured when an action occurs for the first time

T

Free markets can be considered "ethical" for many reasons, including the reason that free markets can offer useful products that please many customers in the marketplace

T

In the dissenting opinion in Betty Dukes v Walmart, Justice Ginsburg noted that the "nearly all male managerial workforce" used "arbitrary and subjective criteria" when making pay and promotion decisions for female employees

T

Porter & Kramer's statement that "profits involving a social purpose represent a higher form of capitalism" can be seen as an example of Mill's argument in favor of utilitarianism outcomes that place value on higher sentiments, and greater overall societal happiness.

T

Rawls' principle of justice are neither universal nor utilitarian, but can still be properly categorized as a deontological approach

T

Rawls' principles of Justice are neither universal nor utilitarian, but can still be properly categorized as a deontological approach

T

When Adam Smith described his theory of division of labor and specialization, he chose to illustrate his theory with workers in a pin factory

T

When Porter & Kramer discuss energy use and logistics in the value chain, they describe a way of measuring value that can place constraints on Ricardo's argument in favor of comparative advantage and free trade among nations, regardless of location around the globe

T