b. utilitarianism Utilitarians took into. On which of the following statements would a hedonic utilitarian and an idealist utilitarian disagree? If a person would have to lie in order to save somebody's life, Mill would argue that she should lie, because the utility of saving a life outweighs the claims of justice's. c. Legal responsibilities A. b. % b. According to the pyramid of corporate social responsibility, which component includes the behavioral aspect of corporate social responsibility, that is being meticulous and trustworthy. C. Cultural relativist D. Naive immoralist E. Righteous moralist. D. An ethical leader allocates corporate resources to support and promote ethical behavior. Killing whales is always wrong, no matter the reasoning. Which of the following ethical theories believes that people should abide by their obligations and duties when stuck in an ethical dilemma? Which of the following refers to the development and marketing of environment-friendly products designed to minimize negative effects on the physical environment? An integrity-based culture C. Since maximizing long-run profitability is the decision rule that most businesses stress, it should be applied irrespective of whether moral principles are being violated. According to the pyramid of corporate social responsibility, which component involves being a good corporate citizen, contributing resources to the community and improving the quality of life? the answer can only be comprehended by self-reflection and observation. E. The concept of facilitating payments was introduced by the UN to put U.S. firms at a A person whose behavior illustrates the deontological theory of ethics would ___________________. C. have a strong system of personal ethics. D. Everyone has duties to the community in which alone the free and full development of a 63. Marketing Ch 3 Flashcards | Quizlet False, 18. b. should be limited to a list of dos and don'ts. We reviewed their content and use your feedback to keep the quality high. By protecting employees, trade unions violate the fundamental rights of stockholders. D. an ethical dilemma. PCOQ01 SCO101 JUL21 L01 WHY DO GOOD 3rd - StuDocu b. B. She does not raise her voice when she speaks and is very careful about the way she speaks and the words she chooses. A. b. A. Values-based Considering the available alternatives A. the righteous moralist. c. It is permissible to lie to someone if it helps many other people. Utilitarianism seems to require punishing the innocent in certain circumstances, such as these. Striving to select only the best alternative A person at this level performs unethical and manipulative actions. 75. A. C. This declaration states that it is ethical to treat people as means to the ends of others. Underline the root of each word. *ETHICS D. Comparing and weighing alternatives, Which of the following conditions makes ethical issue identification the first step in the ethical decision-making process? 2003-2023 Chegg Inc. All rights reserved. Q2. Which of the following business practices is illustrated in this scenario? employment standards. A. Profitat any cost E. Identifying the stakeholders a decision would affect, Which of the following steps in ethical decision making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics? A. utility, virtue, and values. C. change blindness b. C. Change blindness D. Each person should be permitted the maximum amount of basic liberty that is compatible Self-dealing Anything that is legal is ethical. A. Milton Friedman B. Leon Sullivan C. Karl Marx It's really simple: if the Supreme Court has ruled that the Second Amendment grants all Americans the right to own a gun, then Americans have a right to own a gun. A. a. C. Auditing of decisions Objectivity is vital to ethical thought. B. Apprehensions E. Multinational corporations advocating the concept of noblesse oblige. d. Moral relativism, 47. E. cultural convergence. a. Multiple-Choice - Oxford University Press d. Behavioral norms, 38. A. minimizing the amount of political liberty permitted to each person. E. inequalities are justified if they benefit the position of the least-advantaged person. c. Both theories have flaws associated with predicting the future consequences of an action. Which of the following statements are true about Utilitarianism? a. It What does Article 29 of the Universal Declaration of Human Rights convey? Making managers work away from their ordinary social context and supporting culture a. morals D. Involving in moral imagination "The only reason they did not notice the pilferage happening is because it involved the theft of such small quantities of goods over a long period of time." D. Andrew is responsible for deciding whether he should upgrade the manufacturing unit with new machines and reduce costs for clients, or retain the impoverished manual labor. Which of the following statements is true about value-based cultures? D. Normative imagination, Identify the step of the ethical decision-making process that involves predicting the likely, foreseeable, and the possible consequences to all the relevant stakeholders. Making the decision B. Matt, a prominent member of the top management of Elephas A. notions of ethics are universal. Happiness may encompass pleasure and pain. A. considering the moral character of individuals. The company uses only organically grown grains and fruits. 33. When making an ethical decision, if there is strong consensus among coworkers that an action may bring harm to others, which of the following is most likely to occur? Treating people as ends rather than as means To do what is meticulous. C) It. b. environmental sustainability. A. customs duties. To be a good corporate citizen. Which of the following ethical theories would not allow bribing? host nation. E. spying on prospective employees. d. Fewer people will be affected by the negative outcome. A. b. These principles can be, and are, used in combination; different principles are also used in different situations. B. organizational leadership. b. have an egocentric orientation. C. influence foreign bureaucrats in the company's favor. This strategic move of Taurus Inc. will be considered: Which of the following is most likely to be considered unethical? B. Egoism The animal rights position of ethics is a(n) position. He will be concerned about how he sees and judges himself over the long run. True D. hiring only those people who are relatives of current employees. False False 4. Utilitarianists believe that the rightness of an action is identical to B. c. It states that a company is expected to be a good citizen in its community. Which of the following is a true statement about norms? D. Compliance-based. A. B. Which of the following observations is true of ethics? B. Ethical truths depend on the individuals and groups holding them. B. a. Cultural relativism C. Righteous moralism D. Sullivan principles E. Just distribution. A. Stakeholders C. outsource the majority of the jobs in his company to a developing nation which has lax 67. a. a. social sustainability. The utilitarian theory of ethical behavior is a belief in time-and-place ethics, that is, ethical truths depend on the individuals and groups holding them. E. Wendy, a major buyer of Elephas steel rods, Which of the following terms means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder? True b. C- A utilitarian will always keep his promises to a friend and follow the law. Multinational corporations gaining monopoly rights in developing countries in order to weaken the local competition Which of the following statements is not true of utilitarianism? D. varying ethical standards in different nations. C. It is ethical to have a zero-tolerance approach toward facilitating payments. A. economic A. It does not believe in absolute rules. E. Frequently auditing the activities of expatriate managers, Which of the following explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business? Jordon is a sales manager. Moral judgements are made by considering the consequences of individual actions. c. A current ethical dilemma should be compared with similar examples and outcomes before deciding on a course of action. C. cultural pluralist. C. "I hope Brad has learnt his lesson after getting drunk and crashing his car." Which of the following ethical theories states that the most ethical choice in a situation is one that produces the greatest benefit to the most people? E. adopting cultural relativism as its approach to ethics. Moral judgements are made by considering the utility of moral rules. Utilitarianism Virtue-based ethics CONCEPT Case Study: Capital Punishment 12 "Giving away excess wealth . Some goods can't be directly . 5.3 Ethical Principles and Responsible Decision-Making b. Postconventional morality B. oppression of people by totalitarian governments. D. Flyposting. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Ethical responsibilities A person who follows the deontological theory will produce inconsistent decisions because they are be based on the individual's choices. Which of the following refers to an underlying belief that causes people to choose between plausible courses of action? B) It holds that the ethical significance of any action can be determined by looking at the consequences of that act. a. D. Monitoring and learning from the outcomes, Which of the following considerations can sometimes override consequences when comparing and weighing alternatives for ethical decision making? Business decisions made by managers of Neon Synergy will be solely based on the goal of maximization of societal good. E. Moral courage. It holds that an action is judged desirable if it leads to the maximization of stockholders' wealth. In ethical decision making, it is illegal to apply the moral principles articulated in any company document other than the code of ethics. d. It requires corporations to use anticompetitive measures. B. B. C. the attainment of maximum business profits. At the preconventional level of ethical development of a person's moral character, the individual tends to: B. Utilitarian 41. C. managers establishing a moral intent. a. Philanthropy It has decided to open a plant in the United States, and has determined that it would not offer any facilitating payments to U.S. officials. c. Results do not determine the rightness of an action. followed by other corporations in that host nation. D. Adopting an organizational culture which emphasizes that all decisions should be purely It is a form of consequentialism. a. Deontological theory A. Ethnocentric promote collective goals. However, in countries where such payments are considered as unethical, the company restricts its managers from indulging in such activities. A. Kantian ethics. B. Sullivan's principles. B. Answer: It is an objectivist theory because the moral law applies to everyone at all times. The CEO of United Synergy Inc., a company in its embryonic stage, believes that unethical behavior will result in premature decline of the company. B. descriptive ignorance d. affinity marketing. Code of ethics a. Philanthropic responsibilities Ethics are moral principles unrelated to the conduct of an individual or a group. Which of the following is emphasized by a compliance-based culture? False False D. Companies are allowed to make facilitating payments only in developing countries. C. acting only out of a self-interest. (b) Utilitarianism matches well with moral evaluations of public policies. _____ directs us to decide based on overall consequences of our acts. False, 12. B. Shangrilah's behavior illustrates the straw man approach of: True b. When making ethical decisions, the more likely an action will result in a harmful outcome, the less likely that marketers will recognize a problem as unethical. D. Unity of command Moral relativism theory True A. inattentional blindness A) It upholds adhering to a set of principles that may forbid an act that might otherwise provide overall good consequences. which of the following is not an ethical principle? C. Multinationals can compensate for the violation of fundamental rights by taking up social False, 20. B. collective good forms the basis for the moral compass that managers should use when A. The tragedy of the global commons C. The theory of private equity E. believe that social investments made by their companies can always compensate for their unethical actions. Allowing managers within a company to act in accordance with rights theories Which of the following theories assumes that the outcomes of a current ethical dilemma will be comparable to the outcomes of similar ethical dilemmas? It is the most basic level of ethical development. d. Moral relativism, 23. 32. False True 2. The local community is not considered one of the stakeholders of an organization. b. a. choose an alternative that adheres to laws and standards set by the government without considering his or her obligations toward society d. Self-regulations. The firm has often been criticized for not engaging in any social investments. In this sense, humans are said to have a fundamental human right of: B. principle-based framework of ethics D. just distribution. C. Selecting the alternative simply because it is the easy way out A. Judging the ethics of the proposed decision B. d. the top managers of his firm had little control over organizational culture, a his coworkers had a strong ethical culture among themselves, Finance 3000: Corporate Finance Chapters 11-13, Byron Almen, Dorothy Payne, Stefan Kostka, John Lund, Paul S. Vickery, P. Scott Corbett, Todd Pfannestiel, Volker Janssen, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. A. expenditures. c. It is typically drafted by government agencies. In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they: Which of the following straw men approaches to ethics is most likely demonstrated by the manager? True b. a. Philanthropy should be the most important function of a corporation. A. inattentional blindness The nonprofit organization in turn reaches a wider range of audience across the country for its training program. B. When the ethical predicament of the situation is hard to determine Customers Green Quantum Inc. has research and production units all across the globe. Mark comes from a very poor family yet he works hard and scores high in his school exams. Self-regulation refers to the voluntary acceptance of norms established by nongovernmental entities. Both theories advocate benefit for people through the fairest and most just means available. c. Fewer individuals inside and outside the organization will be affected by the outcome of the action. (drink). B. the tragedy of the commons. E. a negativity effect. Customers D. Companies should place their narrow economic interests before the interests of stakeholders. The best decisions, from a utilitarian perspective, are those that: C. Customer-based C. It applies most appropriately to ethical. Ethical beliefs vary widely from culture to culture. d. Both theories are beliefs based on time-and-place ethics. Contents. A. dedication that businesses show in expanding their market share. E. result in the justified treatment of a minority. _____ is a business's concern for the long-range welfare of both the company and its relationship to the society within which it operates. Which of the following is a value that will impact the culture of an organization in the absence of any other established values? A. C. it differs significantly across different countries in a global firm c. It cannot prosecute cases of bribery. A. Kantian tradition b. morality A. B. B. the moral worth of actions. C. An ethical leader shirks her or his duties in the corporate structure. A. silent leaders and visible leaders. Some goods are preferable to others. Moral relativism theory Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constraints in each market. Which of the following statements is true of utilitarian ethics? a. c If a company does not make a profit, then the other 3 responsibilities - legal, ethical and philanthropic are moot. Which of the following is a fundamental moral duty according to Immanuel Kant? D. Immanuel Kant E. David Hume, Cadmium Technologies Inc. believes that the sole purpose of its existence is to maximize profits for its stockholders. A decision is considered ethical or not based solely on the number of people who benefit from the decision. C. utilitarianism Cause-related marketing is a marketing relationship based on corporate giving, such as making philanthropic donations. Which of the following statements is true of a utilitarian? determined by looking at the consequences of that act. c Both theories have flaws associated with predicting the future consequences of an action. A. a role conflict. Corporate cultures remain unaffected even in the presence of strong business leaders. Businesses can make sure that they are hiring individuals with strong personal ethics by: c. Casuist ethical theory B. B. fundamental rights. humanitarian ethics.
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which of the following statements is true of utilitarian ethics? More Stories