Multiple choice
Question 1
Which of the following statements is incorrect?
Basing one’s behavior on the adage, “Do unto others as you would have them do unto you,” is part of Kantian ethics.
An ethical theory that says each person is presumed to have entered into an agreement with all others in society to obey moral rules that are necessary for people to live in peace and harmony is called Social Contract ethics.
A doctrine that says that a corporation should consider its presence in the community and society and the effects its actions have on persons or groups other than the shareholders is called Corporate Social Responsibility.
A theory of social responsibility that says that business must solve global problems such as poverty and disease is called Legal Nonfeasance.
Question 2
The doctrine that holds that business has an obligation to generally do good charitable deeds for society is:
Moral minimum
Maximizing profits
Social responsibility
Corporate legal status.
Question 3
Maria owns her own business and has just attended a cash flow management seminar where it was suggested the businesses should delay paying their suppliers as long as absolutely possible even if doing so violates the stated payment terms. Maria decides to continue paying her supplies on time in accordance with their payment terms because Maria would like her customers to pay her on time. Maria has reached her decision primarily in accordance with:
Ethical relativism
Utilitarianism
Corporate social responsibility
Kantian ethics.
Question 4
Which of the following statements is most accurate regarding the relationship of law and ethics?
The legal requirement will almost always be the same as the ethical requirement because the law is equivalent to the ethical standards.
In some cases ethics will require a higher standard of conduct than the law, but never the opposite.
In some cases the law will require a higher standard of conduct than ethics, but never the opposite.
Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands.
