pleasure takes priority over any other moral concern. C.) Industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance and industrial interests. false. C.) freedom of speech. B.) c.) corporate shareholders are immediately entitled to any profits or the company is liable. A tangible truth about having moral principles is, The famous experiments by social psychologist Solomon Asch show, When ethical relativism is put into practice, it implies that. 10 The FTC now follows the "modified" ignorant consumer standard and protects only those cases of foolishness that are committed by significant numbers of people. Labor historians generally consider the Knights of Labor (K of L), established in 1869, as the first truly national trade union. C.) morality permits each of us a sphere in which to pursue our own plans and goals. advertising depends on consumerism. Employees have no obligations to people with whom they have no business relations. A.) True Externalities are Any equitable solution to the problem of who should pay the bill for environmental cleanup should take into account responsibility as well as benefit. They key moral ideal in promotions is. in suppliers, customers, or distributors with whom their organizations do business. Ethical values and practices are the foundation upon which moral actions in professional practice are based. a shrinking trade deficit. be there just for show, Which of the following contributed to the more relaxed incorporation procedures of modern times? community. Within a capitalist economic system, the activity of labor is an end in itself and, as a result, has intrinsic value. Consumer Product Safety Commission. Employees are under a legal obligation to act loyally and in good faith and to carry out lawful instructions. the Foreign Corrupt Practices Act (FCPA) of 1977. A.) One of these is that if a product poses a potential, serious threat, a company may need to take extraordinary measures to ensure continued safe use of it. To a significant extent, law codifies a society's customs, norms, and moral values. The express purpose of a boycott is the same as a striketo hurt the employer and strengthen the union. the crown. False, According to Milton Friedman, business has no social responsibilities other than to maximize profits. A.) B.) D) fairness. actions that are wrong even though they produce some good. D.) laws are passed before there is any real problem to worry about. One of the seven factors given to help minimize the chances of setting unfair wages and salaries is that Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. The courts and the general public find corporate responsibility B.) in a way that moral beings give the moral law. C.) We must always disregard our own happiness when deciding what to do. 7 consderations that are important: 1-What is the law. False, Corporations differ from partnerships and other forms of business association in two ways. D.) they are formed simply by an agreement entered into among their members, The "rules of the game" for corporate work are intended to a sound argument may have a false premise. In the interview process, the interview should avoid rudeness, coarseness, condescension, and A.) In union terms, a direct strike occurs adopted the principle of strict liability. B.) Compare and Contrast Compare and contrast the approaches of Chandragupta and Ashoka to ruling the Mauryan empire. utilitarianism doesn't require us to sacrifice as much as we should to help other people. Since Congress passed the Americans with Disabilities Act in 1994. employers must make "reasonable accommodations" for disabled workers. harm. Bunches2510105. B.) each person's private pursuit of wealth will result in the most beneficial overall organization and distribution of economic resources. The key moral ideal in promotions is. False, According to Marx, when workers are alienated they are not truly free. constitute the whole of his or her morality. According to the traditional law of agency, which statement is true? business-can-handle-it D.) liberties, For the first time since the Industrial Revolution, less than _____ percent of the American workforce was employed by manufacturing. They include product, price, promotion and place. Utilitarians believe that When weighing the decisions to terminate employees, companies need to remember that employment affects families and communities, not just individuals. D.) morals. impartial. Log in for more information. Managerial Ethics Exam #4 Flashcards | Quizlet eliminating poverty. philosophers and business theorists disagree whether corporations are moral agents. unintended side-effects. B.) It is only within a capitalist economic system that workers are not alienated from the products of their labor. D.) the rights possessed by human beings remain unchanged for all times and places, Aristotle's formal principle of justice states, A.) False, Immanuel Kant believed that it is only when we act out of feeling or sentiment that our actions have moral worth. Good moral judgments should be logical and. Which of the following characteristics distinguishes moral standards from other sorts of standards? A.) Nietzsche's Ethics - An encyclopedia of philosophy articles written when people are left to pursue their own economic interests, disaster looms. C.) is the view that the best way to promote our own self-interest is to sometimes be selfish. C.) similar cases must be treated alike except where there is some relevant difference. A.) Why did president Theodore Roosevelt use the Roosevelt corollary in the Dominican Republic? Assuming the economy starts in Adam Smith defends capitalism by appealing to the idea of a natural, moral right to property. the transcendental imperative. psychological appeals. Only if the overall benefit to society is positive should business act. D.) The move from mercantilist thinking to a belief in Benjamin Franklin's invisible hand. express and implied, In deciding whether an ad is deceptive, today the FTC basically follows The law is a completely adequate guide to the moral standards that we should follow. Libertarianism. )all disabled persons must be hired. U.S. companies have a history of paying off foreign officials for business favors. Keep promotions simple. A.) an invisible hand to promote general good. when workers who have no particular grievance of their own and who may or may not have the same employer decide to strike in support of others. A sympathetic strike occurs when workers who have no particular grievance of their own and who may or may not have the same employer decide to strike in support of others. When the shopkeeper refrains from cheating a customer, Kant would say this action The Categorical Imperative is supposed to provide a way for us to evaluate moral actions and to make moral judgments. everyone prefers that action to any other action. 2) middle managers are affected by the satisfaction and dissatisfaction of the workers they supervise. In the corporate world, the board of directors will Make people interested. A.) regulators are often "bought off" by corporations. C.) the moral permissibility of our actions depends entirely upon their consequences. B.) D.) a fair wage presupposes a fair work contract, The case of Griggs v. Duke Power Company accidents occur exclusively as a result of product misuse, According to Galbraith's "dependence effect", C.) There is a complete list of adequacy criteria for moral judgments that philosophers all agree on. manufacturing will make a comeback. D.) nation, Those with a broader view concerning business obligations believe that with power comes The thought that laissez-faire is a losing proposition.. its conclusion must be true, if its premises are. compliance, contribution, and consequences. A.) B.) See Page 1. If the interest rate is zero, then $100 to be paid in 10 years has a present value that is a. less than$100. A.) The veil of ignorance proposes that capitalism requires private ownership of the major means of production. Such acts were declared illegal by. irrational behavior. the argument is sound. The Fair Packaging and Labeling Act of 1966 empowers representative agencies to rank and list all ingredients in the order of decreasing percentage of total contents. society-lacks-the-expertise True freedom of ideas. a higher sense of purpose. Inbreeding refers to longevity on a job or with a firm. Different flowers have different profit margins, and also a maximum amount the shop can sell. 10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes. fairness. [1] In some theories of applied ethics, such as that of Rushworth Kidder, there . A.) is based on hedonism. B.) employers must make "reasonable accommodations" for disabled workers. Happy days are here to stay In 1972 Congress created one of the most important agencies for regulating product safety. For philosophers, the most important issue is not where our moral principles came from, but: The authors use the murder of Kitty Genovese to illustrate Just cause requires that reasons for discipline or discharge related directly to job performance. Granting workers new responsibilities and respect can benefit the entire organization. 3-What is the community wage level. History Test. C.) extrinsic, non-job-related considerations are often relevant to setting fair wages its own ideal of competition is D.) increased worker participation in industrial life is beneficial. A.) Ideal Promotions Inc Ideal Promotions Inc. 784 Meadowlark Lane Louisville, CO 80027 t. 720-638-4291 f. 720-638-4298 Idealpromotions1981@gmail.com. Johnson & Johnson's handling of the Tylenol crisis of 1982 was a gross failure of corporate responsibility. is the best guarantee of a company's long-term performance. Which of the following is an accurate statement about modifications to common law from the Wagner Act of 1935? A basic tenet of capitalism is that B.) True D.) is derived from alleged fact that human beings are by nature selfish creatures, Consequentialism C.) quickness. only new products, not established products, need to be tested. welfare. In Anarchy, State and Utopia, Robert Nozick advocates our gut instincts. The most accurate statement about workplace safety is: workers are often unaware of the hazards they face on the job, When it comes to obtaining information about employees, a key concept is. arrow-left C.) the United States is in trouble. Chapter 8 Flashcards | Chegg.com Americans place no value on work, only on money. \text{Orchids} & 20 & 84 & 5 \\ B) likeability. D.) too many limits, One of the three important "limits to what the law can do" discussed by Christopher Stone is The hiring process needs to include screening, testing, and. Based on past experience the shop has estimated the following NPV of purchasing each type: NPVperBunchCostperBunchMax. C.) people in the original position choose the principles on the basis of self-interest. Asked 4/27/2015 10:10:23 AM. Blank is used to refer to the possibility of communicating in online environments without using identity and being able to use pseudonyms and different personas. This agency is the, The consumer's main source of product information is. Question 6 The Wagner Act of 1935 Correct Answer: prohibits employers from interfering with employees trying to organize unions.