Business Ethics Final 2
Freeman's view of corporate responsibility holds that managers have a fiduciary responsibility to stakeholders other than shareholders because...
... no one stakeholder stands alone in the process of value creation.
Porter & Kramer claim that close ties between businesses and communities that used to exist between better businesses and their communities have been weakened by...
...an increase in businesses' reliance on outside vendors, outsourcing and offshoring.
According to Porter & Kramer, business is especially suited to advancing social progress because...
...business is often more effective than governments and non-profits at marketing that motivates customers to embrace products and services that create societal benefits.
The authors use the example of Nespresso (Nestle) to demonstrate that...
...commoditizing suppliers discourages product quality and supplier productivity, instead of maximizing profits.
Blake Mycoskie founded TOMS because...
...he believed a company could do good by doing well ($).
The Integration Thesis says that...
...not only do most business decisions have relevant ethical considerations but that most ethical decisions have some business considerations.
When Freeman says that the shareholder theory of corporate responsibility is not consistent with the law, he means that...
...shareholder theory doesn't take into account corporate executives' responsibilities to non-shareholder stakeholders as that responsibility is enshrined in law.
IKEA decided not to join the Rugmark Consortium, which labeled rugs as 'made without child labor' to assure customers of that fact because...
...they believed there was no possible monitoring process that could insure these rugs were made with absolutely no child labor.
The Separation Fallacy is...
All of these answers are correct.
According to Allen, the ROE (Return On Ethics) is high for business because...
All of these answers are correct.
According to Kouchaki, one reason employees set aside their own ethical compass at work is...
All of these answers are correct.
Patagonia's 'Don't Buy This Jacket' campaign was...
All of these answers are correct.
Sebastian Buck suggests that TOMS is more popular among millennials than Nike because...
All of these answers are correct.
Together with UNICEF, IKEA helped address the problem of indentured servitude by...
All of these answers are correct.
UNICEF ultimately accepted IKEA's offer to help fund UNICEF's program to get children in the carpet district into schools because...
All of these answers are correct.
Which of the following are issues Nike believes must be addressed if its business is to be sustainable and profitable?
All of these answers are correct.
Which of these, according to MacGregor, are among the recent factors that make "...it less possible for CEOs to skate through unscrupulous company behavior unscathed..."?
All of these answers are correct.
According to Porter & Kramer, company success and social progress are inherently in conflict in a capitalist economy.
False
According to Solomon, existentialism is an appropriate philosophy for the modern era, because fewer people today believe in God.
False
IKEA's coordination with UNICEF as a means of dealing with the problem of child labor in the carpet belt was immediately appreciated by its customers, its store associates, and the western press.
False
Unilever's Sustainable Living Plan consists in a rejection of capitalism in order to address the interests of its non-shareholder stakeholders.
False
According to Solomon, existentialism is essentially...
None of these answers are correct.
IKEA believed the best approach to eliminating child labor among suppliers was...
None of these answers are correct.
Which of these, according to Porter & Kramer, are signs that creating shared value is possible?
The blurring of the boundary between successful for-profits and non-profits.