Quiz 6 ethics

Which of the following do Crane and Matten not list as being a common issue in the context of privatization and deregulation?

Public-private partnerships (the profit maximization of business may conflict with effective public service provision).

Citizens turned consumers (provision of essential basic services).

Privatization profits (ensuring a fair price for formerly state-owned businesses).

Natural monopolies (access to networks that are natural monopolies, and prices for using these networks).

Which of the following is not a suggestion for preparing for a presentation?

Getting to know who the participants are

Get ready for a fight

Demonstrate confidence

Avoid modesty

Detomasi (2007) talks of ‘global public policy networks,’ in which ‘the strengths of state, market, and civil society actors combine to create an effective international governance system that overcomes the weaknesses afflicting each individually.’ What is the main instrument that is used in such networks to regulate the social, ethical, and environmental impacts of business?

Imperative regulation

Codes of conduct

Market-based instruments

Multipartite negotiated agreements

When you’re presenting, which of the following is generally safe:

�to be honest with you”

�hope and hopefully”

Referring to the audience members colloquially with terms like “you guys”

Thanking them at the beginning and end

The textbook could be said to most closely approximate which ethical theory?

Egoism

Postmodern ethics

Consequentialism

Deontological

What are the three components of the triple bottom line of sustainability? Please select the most correct response.

Profit, profit, and more profit

Environmental, economic, and social

environmental, political, and social

making products that last, that are recyclable, and that are from renewable resources

What does Crane and Matten have to say about the growing preponderance of ethical codes?

That they might have a net inverse impact on the development of ethical norms that will contribute to better forms of transparency and accountability

That they will necessarily result in a better, more ethical society

That they will have little effect on the normative behaviour of companies

That they might be able to directly impact corporate decision making only if they are housed within multi-national governmental organizations that have binding power on multi-national corporations

One of the major benefits of ethical theory is personal: articulating moral sentiment and providing generalizable insights that can be applied in particular situations.

True

False

One of the general trends of globalization is a weakening of Westphalian nation states in favour of a strengthening of corporate power.

True

False

Business ethics tends to operate in areas where there is no clear answer. Because of this, the authors anticipate that organizations engage in shareholder dialogue and shareholder democracy, which will shareholders to voice their opinions.

True

False

Stakeholder theory includes which of the following? Please select the most correct response.

Shareholders, employees, consumers, all normative claimants, suppliers, competitors, CSOs, and governments

Shareholders, employees, consumers, suppliers, competitors, CSOs, and governments

monkeys

shareholders, employees, consumers, no normative claimants, suppliers, competitors, CSOs, and governments

In one sense, it could be said that businesses, although initially hesitant to take on the responsibilities entailed in business ethics obligations, have recently been seen to take on some of those responsibilities themselves because of the good business sense that it makes.

True

False

The concern for the triple bottom line has been a practice that has achieved universal success for private businesses.

True

False

What are two characteristics of the ‘transnational space’:

Ethical norms are not present and there is sufficient international governmental authority to control corporate action

Ethical norms are not present and there is not sufficient international governmental authority to control corporate action

Ethical norms are present and there is not sufficient international governmental authority to control corporate action

Ethical norms are present and there is sufficient international governmental authority to control corporate action

Because businesses continue to expand in both newly emerging domestic and international markets, and because governments cannot and do not wish to regulate business ethics, the only option available is for businesses to develop codes of ethics to regulate their own behavior.

True

False

Why do the authors state that the relation between companies and governments seems to be the most problematic one? Please select the most correct response.

governments are always corrupt and so they're always willing to exploit their citizens to line their own pockets

Companies and governments are the same thing

Under-resourced governments have ceded some influence and power to corporations

Because all the other business ethics relations are pretty straightforward

What ways have the authors suggested of filling the gap left by governmental organizations to control the transnational space? Please select the most correct response.

Self-regulation, selected initiatives by global CSOs, initiatives driven by the UN

self-regulation, selected initiatives by global CSOs, reduction of corporate globalization by individual governments

self-regulation, more individual government involvement, selected initiatives by global CSOs

dissolution of all corporations

Because of the increase in corporate control and the decrease in Westphalian nation-state dominance, citizens should think about shifting their sphere of influence from the ballot box to the cash register.

True

False

Because the majority of laws remain relatively unchanged, the relationship between business ethics and the law should remain unchanged: business ethics should only come into play where the law ends.

True

False

According to the authors, normative ethical theories always provide us with clear-cut, unambiguous, and non-controversial solutions. Please select the most correct response.

True

False

Ethical theories provide formulaic responses that simply need to be applied in order to yield the correct ethical action.

True

False

The deterretorialization of economic, social, and political activities means that international organizations need not abide by domestic laws. As a consequence, regulation of behaviour should only be left up to the discretion of managers within these organizations.

True

False

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