quiz 1

According to Wayne F. Cascio in "Decency Means More than "Always Low Prices": A Comparison of Costco to Wal-Mart's Sam's Club," Costco was less profitable than Wal-Mart during the same five-year period.

FALSE

Which ethical theory has at its core the idea of respect for persons?

Kantian Ethics

According to R. Edward Freeman in "Managing for Stakeholders," Stakeholder interests may be prioritized by different companies in different ways

TRUE

Critics charge that utilitarian theory ignores considerations of justice.

TRUE

Freeman in "Managing for Stakeholders," the Separation Fallacy holds that business questions are distinct from ethical questions.

TRUE

The primary function of the NYSEG corporate responsibility program is to help wounded veterans find good paying jobs and to ensure that they receive proper counseling

TRUE

According to Milton Friedman in "The Social Responsibility of Business Is to Increase Its Profits," the managers of a company may spend corporate money on charitable enterprises only when:

They are sure that doing so will increase profits.

The ethical theory that maintains that an action or practice is right if it leads to the best possible balance of good consequences over bad consequences for all affected parties is known as

Utilitarianism

In its decision the Supreme Court of New Jersey determined that the gift from A.P. Smith Manufacturing to Princeton University was:

Valid and Permitted

Which of the following does NOT appear on R. Edward Freeman's list of primary stakeholders in "Managing for Stakeholders"?

the environment