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Exam 6: Managing Ethics and Social Corporate Governance

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Question 21

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Human beings have fundamental rights and liberties that cannot be taken away by another individual's decision. This ethical decision making approach is known as the:

A) utilitarian approach.
B) individualism approach.
C) moral-rights approach.
D) dualism approach.
E) None of these.

F) A) and B)
G) A) and C)

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Question 22

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_____ responsibility is purely voluntary and guided by a company's desire to make social contributions not mandated by economics, law or ethics.

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Question 23

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A(n) _____ is any group within or outside the organization that has a stake in the organization's performance.

Which of these best illustrates the preconventional stage of moral development?

Performing experimental treatment on unconscious trauma patients is mostly the violation of their:

A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.

The basis for the recent trend among companies to police employee personal habits such as alcohol and tobacco consumption on the job is called the utilitarian ethic.

All stakeholders of an organization are its stockholders but not all stockholders are its stakeholders.

Which of these refers to procedural justice?

In a mixed market economy an organization's decision to produce a new product is in the:

Formal statements that define fundamental values and reference organizational responsibilities, products and employees are often called _____.

_____ matches well with the preconventional level of personal moral development.

A(n) _____ arises in a situation when each alternative choice or behaviour is undesirable because of potentially harmful ethical consequences.

The _____ approach holds that moral decisions must be based on standards of equity, fairness, and impartiality.

List and define the stages of moral development.

The relationship between social responsibility and financial performance has been shown to be _____.

List three examples of primary stakeholders.

The _____ approach to ethical decision making sidesteps debates about what is right, good or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account.

Social responsibility covers a narrow range of issues, many of which are unambiguous with respect to right or wrong.

Briefly explain the justice approach to ethics and then explain the three types of justice.