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AGB 302 quiz 2&3 with correct answers
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AGB 302 quiz 2&3 with correct answers
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AGB 302 quiz 2&3 with correct answersAccording to the Friedman Doctrine: - Answer -businesses should not undertake social
expenditures beyond those mandated by the law and required for the efficient running of
a business.
Which of the following sociologists made a connection between Protestant ethics and
the spirit of capitalism? - Answer -Max Weber
Companies can strengthen the _______ of employees by committing themselves to not
retaliate against employees who complain about unethical actions - Answer -moral
courage
Child labor is permitted and widely employees in Country X. A multinational company
entering Country X decides to employ minors in its subsidiary, even though it is against
the multinational's home-country ethics. Which of the following approaches to business
ethics would justify the actions of the multinational company? - Answer -cultural
relativism
A firm's _______ include customers, suppliers, and lenders. - Answer -external
stakeholders
Which of the following refers to the values and norms that the employees of an
organization share? - Answer -organization culture
a situation in which none of the available alternative seems morally acceptable is called:
- Answer -an ethical dilemma
for international businesses, the connection between culture and competitive advantage
is important because: - Answer -a strong connection is likely to produce the most viable
competitors
the ______ approaches to ethics hold that the moral worth of actions or practices is
determined by their consequences - Answer -utilitarian
which of the following statements is true about class system - Answer -social mobility
within a class system varies from society to society
there are 3 values central to the confucian system of ethics that have very import
economic implications. which one of these? - Answer -honesty in dealings with others
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