The answer is “D”, In
the stakeholder approach
Which of the following is defined as the basic convictions about right and wrong decisions and behavior?
The correct answer is C)
Ethics
is . Reason: Ethics refers to the basic rules concerning decisions that are right or wrong and the behavior of an…
When a business meets its economic and legal responsibilities and no more meeting only what the law requires it is called?
Social Obligation
. the obligation of a business to meet its economic and legal responsibilities and nothing more.
Is defined as a business firm’s intention beyond its legal and economic obligations to do the right things and act in ways that are good for society?
Social responsibility
is defined as a business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society. A socially responsible organization does what is right because it feels it has an ethical responsibility to do so.
Under what approach do organizations exhibit little environmental sensitivity and simply obey laws rules and regulations?
Legal approach
– This approach is also known as the light green approach. Under this approach, organizations simply do what is required legally. They exhibit little environmental sensitivity. They obey laws, rules, and regulations without legal challenge.
Which one of the following acts prohibits discrimination on the basis of physical or mental disabilities?
Americans with Disabilities Act (ADA)
The ADA prohibits discrimination on the basis of disability in employment, State and local government, public accommodations, commercial facilities, transportation, and telecommunications. It also applies to the United States Congress.
How managers can effectively plan when the external environment is continually changing?
How can managers effectively plan when the external environment is continually changing?
They should be ready to change directions if environmental conditions warrant
.
What are examples of moral decisions?
- Always tell the truth.
- Do not destroy property.
- Have courage.
- Keep your promises.
- Do not cheat.
- Treat others as you want to be treated.
- Do not judge.
- Be dependable.
How do we determine what is morally right and wrong?
Right and wrong is determined by
the overall goodness (utility) of the consequences of action
. Utilitarianism is a Consequentialist moral theory. Basic ideas: All action leads to some end.
What is considered right and wrong?
1. Doing the right thing is an act that is in accordance with the law, justice, and morality while doing the wrong thing is an
act that is not in accordance with morality or the law
. 2. The right way is one which is proper, appropriate, and suitable while the wrong way is one which not suitable or appropriate.
There are four key aspects of social responsibility:
ethical, legal, economic and philanthropic
.
What is a key obstacle to the success of non traditional partnerships?
What is a key obstacle to the success of non-traditional partnerships? a) Lack of investment by a multinational firm.
What is an ethical responsibility?
Definition: Ethical responsibility is
the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context
.
What is it called when a firm advertises that it only uses recycled paper products?
The answer is “C” by using recycled paper products, the firm is
being socially responsive
.
What measures the strength of a person’s convictions?
Ego strength
– Measures the strength of a person’s convictions.
What can be said about a manager who believes that she can work hard?
What can be said about a manager who believes that she can work hard and will meet the productivity goals of her organization despite unfavorable conditions?
She has an internal locus of control.
