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1 | |
Which statement correctly reflects the free market view of business social responsibility?
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| | A) | In addition to making a profit, businesses are just as responsible for seeing to the well-being of their employees and the communities in which they operate
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| | B) | No one other than the managers and owners of a business may claim to have any stake in the business decisions managers make.
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| | C) | In the process of providing goods and services to customer who need and want them and maximizing profits for its shareowners, a business fulfills its social responsibility
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| | D) | A business is responsible for maximizing profits for its shareowners, but, in special circumstances, may have to sacrifice profits in the interest of the community whose citizens depend on it for employment.
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2 | |
Which of the following statements is decisive in determining whether or not to study business ethics?
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| | A) | Business managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers.
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| | B) | Business and ethics simply don’t mix. In the final analysis, self-interest represented by profit overrides the interests of employees, customers, and communities. Opinion and
sentiment get in the way of efficient business decision-making.
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| | C) | Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that decisions of right and wrong may be made deliberately.
and conscientiously
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| | D) | The answers to ethical questions are clear-cut enough; all business people already know right from wrong.
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3 | |
Which statement correctly describes the relationship between philosophical ethics and ethos? |
| | A) | Individuals who obey the conventions, mores, and rules of their cultures are already acting ethically. No further philosophical reflection is required. |
| | B) | Philosophical ethics distinguishes what people do value from what they should value. |
| | C) | What people do value and should value are, for all practical purposes, the same. |
| | D) | Philosophical ethics is too abstract to be useful in everyday life situations. Following the mores and customs of one’s culture is a more dependable way to make moral decisions. |
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2003 McGraw-Hill Higher Education