10. The contention that ethical standards should be governed both by (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on actions and behavior in all situations and (2) the circumstances of local cultures, traditions, and shared values that further prescribe what constitutes ethically permissible behavior and what does not are the basic principles of Select one:
a. the School of Morally Correct Thinking and Behavior based in Rome, Italy. b. the school of ethical universalism.
c. integrated social contracts theory.
d. the Global Code of Ethical and Social Morality developed by the United Nations. e. the school of ethical relativism.
11. Which one of the following is not a key element of integrated social contracts theory? Select one:
a. Universal ethical principles apply in those situations where most all societies—endowed with rationality and moral knowledge—have common moral agreement on what is wrong and thereby put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside. b. Universal ethical principles or norms leave some "moral free space" for the people in a particular country (or local culture or even a company) to make specific interpretations of what other actions may or may not be permissible within the bounds defined by universal ethical principles. c. Universal ethical norms always take precedence over local ethical norms. d. Commonly held views about what is morally right and wrong form a "social contract" (contract with society) that is binding on all individuals, groups, organizations, and businesses in terms of establishing right and wrong and in drawing the line between ethical and unethical behaviors e. Integrated social contracts theory rejects the slippery slope of ethical relativism and embraces ethical universalism.
12. Integrated social contracts theory maintains that
a. there is no such thing as "moral free space"—all ethical standards are determined by societal norms, and individuals have an implied social contract to live up to these standards. b. there should be no absolute limits put on what actions and behaviors fall inside the boundaries of what is ethically or morally right and which actions/behaviors fall outside. c. few nations or cultures have common moral agreement on what is ethically right and wrong. d. each country/culture/society has commonly held views about what constitutes ethically appropriate actions/behaviors; these common standards of what is ethical and what is not combine to form a "social contract" that all individuals in that country/culture/society are obligated to observe. e. adherence to universal ethical norms always take precedence over local ethical norms.
13. Which of the following is not a key question that senior executives must ask whenever a new strategic initiative is under review? Select one:
a. Are any conflicts or concerns evident between the proposed action and our core values? b. Would the potential outcome of the proposed action pose a risk of embarrassment? c. Is there anything in the proposed action that could be considered ethically objectionable? d. Is what we are proposing to do fully compliant with our code of ethical conduct? e. Is it apparent that this proposed action is in harmony with our core values?
14. Which one of the following is not one of the major drivers of unethical managerial behavior? Select one:
a. A company culture that puts the profitability and good business performance ahead of ethical behavior b. Heavy pressures on company managers to meet or beat earnings targets c. Intense competitive pressures
d. The pervasiveness of immoral and amoral businesspeople
e. Overzealous pursuit of personal gain, wealth, and other self interests
15. Short-termism is defined as
a. weighing the short-term costs of regulatory compliance with the long-term...
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