USF BUL 3320 FINAL EXAM
QUESTIONS AND ANSWERS
Chapter 42 - answer- ----------------------------
Ethics - answer- The set of morals or values that govern the actions of an individual
or group
Ethical fundamentalism - answer- When a person looks to an outside source for
ethical rules or commands
Utilitarianism - answer- Dictates that people must choose the actions or follow the
rules that will provide the greatest good to society
Kantian Ethics - answer- Duty ethics or deontology says that people own moral
duties that are based on universal rules like the categorical imperative to "Do unto
other as you would have them do unto you."
Deontology has two important principles: - answer- Consistency and reversibility - all
are treated alike and you are held to those same standards
Rawl's social justice theory - answer- States that fairness is considered the essence
of justice, and that all persons have entered into a social contract with all others in a
society to obey moral rules so that people can live together in peace and harmony
Ethical relativism - answer- Holds that individuals must decide what is ethical based
on their own feelings as to what is right or wrong, meeting their own moral standards
Social responsibility of business - answer- Corporations owe some degree of social
responsibility for their actions
Maximizing profits - answer- The traditional view says that business should maximize
profits for shareholders
Moral minimum - answer- This theory holds that a corporation has a duty to make a
profit while avoiding harm to others
Stakeholder interest - answer- A corporation must consider the effects that their
actions have on outside stakeholders
Corporate citizenship - answer- States that business has a responsibility to do good,
because they owe a debt to society to make it a better place
A company that donates money to schools for every label that is collected from one
of its products is practicing an action based on which type of social responsibility? -
answer- corporate citizenship
QUESTIONS AND ANSWERS
Chapter 42 - answer- ----------------------------
Ethics - answer- The set of morals or values that govern the actions of an individual
or group
Ethical fundamentalism - answer- When a person looks to an outside source for
ethical rules or commands
Utilitarianism - answer- Dictates that people must choose the actions or follow the
rules that will provide the greatest good to society
Kantian Ethics - answer- Duty ethics or deontology says that people own moral
duties that are based on universal rules like the categorical imperative to "Do unto
other as you would have them do unto you."
Deontology has two important principles: - answer- Consistency and reversibility - all
are treated alike and you are held to those same standards
Rawl's social justice theory - answer- States that fairness is considered the essence
of justice, and that all persons have entered into a social contract with all others in a
society to obey moral rules so that people can live together in peace and harmony
Ethical relativism - answer- Holds that individuals must decide what is ethical based
on their own feelings as to what is right or wrong, meeting their own moral standards
Social responsibility of business - answer- Corporations owe some degree of social
responsibility for their actions
Maximizing profits - answer- The traditional view says that business should maximize
profits for shareholders
Moral minimum - answer- This theory holds that a corporation has a duty to make a
profit while avoiding harm to others
Stakeholder interest - answer- A corporation must consider the effects that their
actions have on outside stakeholders
Corporate citizenship - answer- States that business has a responsibility to do good,
because they owe a debt to society to make it a better place
A company that donates money to schools for every label that is collected from one
of its products is practicing an action based on which type of social responsibility? -
answer- corporate citizenship
