BA:300 Midterm 2 SDSU Naida Austin || 100% Certified
Answers.
Moral Judgements
Objectivism correct answers Decision Rule:
Be rational and be all that you can be
-Only way you should be convincing someone of anything is in a rational and logical way, not
blaming errors
-Think what is best for you as a being trying to develop yourself into the best you
Biggest Pro: Objectivism correct answers -Reinforces personal responsibility
-->Each person takes responsibility for their actions and use their actions to make themselves
better
Biggest Con: Objectivism correct answers -Individualistic and judgemental
-->Too focused on self instead of group benefit
-->Would be quicker to judge if someone is doing things correct or not
Objectivism: Example correct answers Wanted the firm to be best it can be, wanted people who
would do a good days work and do the best they can; doesn't allow emotion to come into the
meetings
-motive communications
Ethic of Care correct answers Decision rule:
Focus on relationships and responsibilities
-Centralized focus on taking care of relationships (in business- customers/suppliers)- being
personal
-Every right has a responsibility, like everyone should have a responsibility to give you those
rights
-Has responsibility to care for others and provide
Ethic of Care: Biggest Pro correct answers Protects the weak and dependent
-Caring for the less-advantage
-More emotionally invested in someone and personable
Ethic of Care: Biggest Con correct answers Neglects justice
-Doesnt have enough backbone; isnt tough
Ethic of Care: Example correct answers People want to do things that just essentially satisfies
each others needs
-certain small, entrepreneurial businesses
Integrative Social Contract Theory correct answers Decision rule:
Action does not violate a global hypernorm or local authentic norma
-Created by people who come together for an overall moral agreement
, -Don't violate basic global human rights
-Ensure action is also fitting to the local norms of where you are
-Do what is expected of you in a certain place
Biggest Pro:
Integrative Social Contract Theory correct answers Adapts to variations in local norms within
some global limits
-More respect and awareness of local cultures
Biggest Con: Integrative Social Contract Theory correct answers Local norms are vague and may
give actors too much flexibility
-Difficult to figure out local norms and truly know what is right/wrong
Integrative Social Contract Theory: Example correct answers Levis Stauss and underage workers
in Bangladesh, not ethical in America, to justify they sent the kids to school and then if they
wanted to return to factory, they could and be paid
Corporate Responsibility correct answers
Corporations: The Fundamentals correct answers The legal entity chartered by the state with
rights and responsibilities apart from the persons running or working for the corporation
-People can invest in businesses without the owners being able to come after them if things went
wrong
Corporations: The Fundamentals correct answers Separation of ownership and control
-Shareholders who invest vs. owner; owner has given some control to the shareholders
Corporations: The Fundamentals correct answers Shareholder rights vs. managerial decision
-Shareholders have legal rights over what manager does with the money even though the
manager has more discretion over it
Corporations: The Fundamentals correct answers Roles and responsibilities of a corporation
Shareholder Value Perspective: Main Definition correct answers Maximize profits within the law
(and morality) is the purpose of the corporation
-Shareholders took a risk and it is owed to do right by them and maximize their value (thus,
company's value)
-Shareholders want company to use money in beneficial ways
Shareholder Value Perspective: What do they own? correct answers -Invest the promise of
maximum shareholder value within legal and moral constraints, in exchange for taking on the
firm's residual risk
-This promise stays with shares as they change from person to person over time
-They get last say in what they get so if company goes bankrupt, they have to agree that they
could get nothing
Answers.
Moral Judgements
Objectivism correct answers Decision Rule:
Be rational and be all that you can be
-Only way you should be convincing someone of anything is in a rational and logical way, not
blaming errors
-Think what is best for you as a being trying to develop yourself into the best you
Biggest Pro: Objectivism correct answers -Reinforces personal responsibility
-->Each person takes responsibility for their actions and use their actions to make themselves
better
Biggest Con: Objectivism correct answers -Individualistic and judgemental
-->Too focused on self instead of group benefit
-->Would be quicker to judge if someone is doing things correct or not
Objectivism: Example correct answers Wanted the firm to be best it can be, wanted people who
would do a good days work and do the best they can; doesn't allow emotion to come into the
meetings
-motive communications
Ethic of Care correct answers Decision rule:
Focus on relationships and responsibilities
-Centralized focus on taking care of relationships (in business- customers/suppliers)- being
personal
-Every right has a responsibility, like everyone should have a responsibility to give you those
rights
-Has responsibility to care for others and provide
Ethic of Care: Biggest Pro correct answers Protects the weak and dependent
-Caring for the less-advantage
-More emotionally invested in someone and personable
Ethic of Care: Biggest Con correct answers Neglects justice
-Doesnt have enough backbone; isnt tough
Ethic of Care: Example correct answers People want to do things that just essentially satisfies
each others needs
-certain small, entrepreneurial businesses
Integrative Social Contract Theory correct answers Decision rule:
Action does not violate a global hypernorm or local authentic norma
-Created by people who come together for an overall moral agreement
, -Don't violate basic global human rights
-Ensure action is also fitting to the local norms of where you are
-Do what is expected of you in a certain place
Biggest Pro:
Integrative Social Contract Theory correct answers Adapts to variations in local norms within
some global limits
-More respect and awareness of local cultures
Biggest Con: Integrative Social Contract Theory correct answers Local norms are vague and may
give actors too much flexibility
-Difficult to figure out local norms and truly know what is right/wrong
Integrative Social Contract Theory: Example correct answers Levis Stauss and underage workers
in Bangladesh, not ethical in America, to justify they sent the kids to school and then if they
wanted to return to factory, they could and be paid
Corporate Responsibility correct answers
Corporations: The Fundamentals correct answers The legal entity chartered by the state with
rights and responsibilities apart from the persons running or working for the corporation
-People can invest in businesses without the owners being able to come after them if things went
wrong
Corporations: The Fundamentals correct answers Separation of ownership and control
-Shareholders who invest vs. owner; owner has given some control to the shareholders
Corporations: The Fundamentals correct answers Shareholder rights vs. managerial decision
-Shareholders have legal rights over what manager does with the money even though the
manager has more discretion over it
Corporations: The Fundamentals correct answers Roles and responsibilities of a corporation
Shareholder Value Perspective: Main Definition correct answers Maximize profits within the law
(and morality) is the purpose of the corporation
-Shareholders took a risk and it is owed to do right by them and maximize their value (thus,
company's value)
-Shareholders want company to use money in beneficial ways
Shareholder Value Perspective: What do they own? correct answers -Invest the promise of
maximum shareholder value within legal and moral constraints, in exchange for taking on the
firm's residual risk
-This promise stays with shares as they change from person to person over time
-They get last say in what they get so if company goes bankrupt, they have to agree that they
could get nothing
