which of the following statements is true of utilitarian ethics?

a. D. Asian cultures are more economically advanced. Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to expedite government formalities. d. Ethical relativism. b. D. considering the consequences of our actions. 76. In rule utilitarianism, a person makes ethical decisions that benefit the maximum number of people and is not so concerned about laws. d. Moral relativism, 23. It fails to consider the benefits, costs, and risks of a course of action. Which of the following statements is TRUE? Silver Meteorite Inc. is a multinational company whose home country, Palumbia Republic, considers grease payments as both illegal and unethical. d. David, who has noticed for the first time that a colleague misrepresented data in a report, d David, who has noticed for the first time that a colleague misrepresented data in a report. 39. B. it is unlikely to play any role in determining or influencing the decision making within a firm What Maria exhibited conforms to the ethical theory of A decision is considered ethical or not based solely on the number of people who benefit from the decision. C. principle-based ethics A. Kantian ethics. B) It reduces productivity and efficiency. Just distribution E. In ethical decision making, managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders. Jonathan is the manager of his company's facilities in the Philippines. D. Marxism True B. totalitarian nations. C. Auditing of decisions E. Ethnocentrism. 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. B. naive immoralism. Employees are penalized for any shortfall. Such payments are typically referred to as: A. it provides stability that can be a benefit at one time and can be a barrier to success at another It is more likely that the action will not result in a negative outcome. When considering corporate social responsibility, which is true of stakeholder theory? Which of the following observations is true of ethics? d. Ethnocentric morality. False, 20. Ethics requires that the promotion of human welfare be done: Telling organizations that their ethical responsibilities end with obedience to the law: Which of the following is the first step in making an ethically responsible decision? A. firms can pursue actions that violate fundamental rights in order to maximize profits. B. vision statement c. Casuist D. speed money. A true statement about corporate culture is that _____. A. In this context, the roots of unethical behavior can be traced to: When the ethical predicament of the situation is hard to determine d. Both theories compare a current ethical dilemma with similar examples and outcomes. Which of the following statements is true of the deontological theory and the utilitarian ethical theory? Ethical behavior Reliance on personal integrity of employees for decision making social costs and risks 53. 71. a. Preconventional morality a. D. Compliance-based. created risks on research subjects due to having forced participation, no respon sibility if any harms, no informed C. Utilitarianism 49. 2 0 obj In this context, Silver Meteorite Inc. is following the approach to ethics known as: B. Normative myopia a. Philanthropy should be the most important function of a corporation. a. Philanthropic responsibilities According to Kantian deontology, which of the following would make an act permissible? E. result in the justified treatment of a minority. Which of the following best exemplifies noblesse oblige? c. He will be calculating and self-centered while making decisions and will look for immediate benefits. Q1. "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." E. Identifying the concerned stakeholders, Which of the following is most likely to be a function of ethics officers in firms? c. Sarah, who is a manager at an organization that does not provide guidelines for ethical behavior Both theories advocate benefit for people through the fairest and most just means available. d. Rule utilitarianism theory, 82. Aristotelian ethics. a It is more likely that marketers will recognize that behavior as unethical. d. stick to his or her obligations when stuck in an ethical dilemma because doing one's duty is what is considered ethically correct, d stick to his or her obligations when stuck in an ethical dilemma because doing one's duty is what is considered ethically correc. B. 62. D. Owners, Jim resides close to Bunton Steel Co., a steel factory. A. lack cultural sensitivity. B. D. just and fair treatment of a minority. A. Ethical dilemma endobj Jack is told by a foreign official that he cannot obtain the contract that he critically needs unless he pays a bribe. B. True C. To do what is meticulous. c. green marketing E. ethnocentric. 10. His policy does not always lead to profits because of the vast cultural differences between the two nations. situations where one needs to decide between deontology and utilitarian ethics. Which of the following levels of ethical development does Hallie's behavior illustrate? determined by looking at the consequences of that act. determined by looking at the consequences of that act. Which of the following ethical theories is defined as a belief in time-and-place ethics and holds that ethical truths depend on the circumstances? a. E. Pressuring managers to shun the concept of noblesse oblige. Conventional morality is the most basic level of ethical development. 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. b. B. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S>> The practice of making illegal payments, such as bribes, is accepted and expected in various countries. Utilitarianism is a consequentialist ethical theory focusing on outcomes and collective welfare; 2. C. Taking care of the interests of external stakeholders 3 0 obj Anything that is legal is ethical. Hence, the firm has now been able to gain competitive advantage by avoiding costly pollution controls. a. Preconventional morality D. Pragmatic ethics, The study of various character traits that can contribute to, or obstruct, a happy and meaningful human life is part of _____. D. base decisions solely on business variables such as cost, delivery, and product quality. D. political and economic freedom. a. Preconventional morality d. Does not help employees to identify what is wrong and what is right. It omits the consideration of justice. It upholds adhering to a set of principles that may forbid an act that might otherwise provide overall good consequences. In order to ensure that the company starts operating in the most ethical manner, the CEO should: Which of the following concepts was developed by John Rawls and posited that everyone is imagined to be oblivious to all of his or her particular characteristics, such as, race, sex, intelligence, nationality, family background, and special talents? B. the attainment of fair and equitable distribution of economic goods and services. a. Deontological theory D. legal framework of ethics, "We ought to stop at a red light, even if no cars are coming and I could get to my destination that much sooner." 4 0 obj C. Kantian ethics business regulations. D. believe that, in a host country, any action is ethically justified if everyone is doing it. A. considering the moral character of individuals. In this context, which of the following statements is most likely to be true regarding Neon Synergy? a. Answer: It is an objectivist theory because the moral law applies to everyone at all times. 1 The Foreign Corrupt Practices Act was subsequently amended to allow for speed money or grease payments, which are payments made to: A. b. Postconventional morality A. Jeremy is most likely an adherent of _____. B. effective leaders and ethical leaders. C. outsource the majority of the jobs in his company to a developing nation which has lax D. Kantian ethics. 22. Which statement is true of cause marketing? CONCEPT Support for Virtue-Based Ethics 11 "Capital punishment is morally acceptable if it prevents more people from being murdered." To which theory of ethics is the person who made this statement likely appealing? B. adopting the ethics of the culture in which a business operates. They are only as strong and as precise as the rules with which workers are expected to comply. When the responsibility for the decision lies with one person D. Companies are allowed to make facilitating payments only in developing countries. C. be highly ethical in its business in a host nation irrespective of the ethical standards 63. However she controls her anger for a considerable amount of time without retaliating. d. conventional morality. Cultural relativism C. Righteous moralism D. Sullivan principles E. Just distribution. d. Economic responsibilities, 25. c. Rule utilitarianism E. hire employees with strong personal ethics. a. C. income statement A. Stakeholders In which level of ethical development does a person move from a self-centered viewpoint to behaviors that adhere to the norms of society? E. respect the dignity of an individual and the right of employees to freedom of association. b. b. D. actions that maximize the profit of an organization. 1. A. associate 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. True Naive immoralism Which of the following people is MOST likely to disapprove of unethical practices more strongly than the others? Twenty percent of the fee that the participants would pay is given to the nonprofit organization. Which of the following ethical theories first identifies an ethical dilemma and then draws a comparison with other similar dilemmas and prior experiences to reach the best possible solution? B. excise taxes. Rule utilitarianism B. Ethical responsibilities of a corporation provide the basis for other responsibilities. Neon Synergy Inc. operates in three different countries, and is headed by a CEO who believes that the best approach to ethics is cultural relativism. B. obtain exclusive preferential treatment in a foreign market. B. It also promotes organic farming and helps nonprofit agencies who focus on food and nutrition causes. Striving to select only the best alternative Cause-related marketing is a marketing relationship based on corporate giving, such as making philanthropic donations. D. Companies should place their narrow economic interests before the interests of stakeholders. b. a code of ethics was absent from his firm Treating people as ends rather than as means D. Comparing and weighing alternatives, Which of the following conditions makes ethical issue identification the first step in the ethical decision-making process? A. a. According to Bazerman and Chugh, this omission is an example of _____. C. asking for letters of reference from the prospective employees. B. D. consequences, principles, and personal character. C. Ensuring that the economic interests of stakeholders is given prime importance Robin, a police sergeant, believes that bribing is illegal. True B. administering simple tests that indicate analytical skills of a prospective employee. d. Competitors. . D. an ethical dilemma. Self-dealing A. a. Deontological theory b. Making managers work away from their ordinary social context and supporting culture None of the above statements about utilitarianism is true. B. fundamental rights. C. The manager at Almas Inc. has to make a vendor choice between his underqualified cousin and a highly experienced, trusted supplier. E. national differences in factors of production. Which of the following ethical theories believes in the well-being of maximum people using the fairest means available? B. D. To continuously set moral examples for everyone to follow. Auditing past decisions made in the company He does not accept bribes irrespective of the amount of money. They are standards of appropriate and proper behavior. c. adhere to social norms and laws. Class consciousness C. Corporate dynamism D. Social responsibility E. Economies of scale. Moral relativism D. According to this declaration, citizens of a nation have no duties to their community. Which term refers to the optimum utilization of assets so that a firm continues making profit in the long run? A. annual report What conflict does Montezuma see between Native American interests and the dominant social and economic order arrayed against them? B. Integrity-based b Both theories may lead to actions that are not ethically correct. In the context of this information, this company is most likely to: Most people believe in some form of utilitarianism. E. war-torn countries. D. Righteous moralism E. Naive immoralism. It holds that the ethical significance of any action can be determined by looking at the consequences of that act. Act utilitarianism A. Kantian ethics B. achieving collective goals, even if that involves violating fundamental rights. False, 17. Naive immoralism B. Friedman doctrine C. Ethnocentrism c. Conventional morality b. environmental sustainability. B. obliging a government official with the expectation of a reciprocal favor. a. 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? It can lead to consumer cause fatigue. A. D. Immanuel Kant E. David Hume, Cadmium Technologies Inc. believes that the sole purpose of its existence is to maximize profits for its stockholders. B. D. nullifying the reasons for investing in those countries. c. Creativity Identify a true statement about corporate cultures. Which of these statements is not true for prima facie obligations? b. The righteous moralist C. The naive immoralist D. Kantian ethics endobj C. It applies most appropriately to ethical personal behavior d. Ethnocentric morality, 43. Producing the greatest good for the greatest number By protecting employees, trade unions violate the fundamental rights of stockholders. Allan protests against individuals who litter on roads because he believes that society expects cleanliness from people. Q2. Shareholders D. Virtue ethics. 18 The principles that we will cover are utilitarianism, universalism, rights/legal, justice, virtue, common good, and ethical relativism approaches. The fast paced world of business allows little time for contemplation on ethics. Transcribed Image Text: Discussion 3.1 Comparing the Utilitarian Approach with Other Approaches After carefully reading the three examples presented in the topic (euthanasia, the use of marijuana, and treatment towards non-human animals), how do you compare the Utilitarian approach with other approaches? People should be discriminated on the basis of cast and class. c. philanthropy Which of the following approaches to ethics holds that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences? <> B. What was an important effect of blackstone's commentaries of the laws of england?

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