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BLW 302 - Exam 1 Questions with Answers (All Answers Correct)
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Rights Theory - ️️States that we all have rights that cannot be infringed and it's the governments job to enforce those rights. Corporate Social Responsibility - ️️States that it is a corporate executive's responsibility to make as much money for the shareholders as possible, as long as ...

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  • October 13, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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BLW 302 - Exam 1
Rights Theory - ✔️✔️States that we all have rights that cannot be infringed and it's the
governments job to enforce those rights.


Corporate Social Responsibility - ✔️✔️States that it is a corporate executive's
responsibility to make as much money for the shareholders as possible, as long as he
operates within the rules of the game.

Positive Law - ✔️✔️States that our ethical decisions are made simply on the basis of
whether an activity is legal.

Ethical Dilemma - ✔️✔️A conflict that results between a value and basic human drive

What are the four main drives? - ✔️✔️Acquire, Bond, Comprehend, Defend

Natural Law Theory of Ethics - ✔️✔️Assumes there is a predetermination of what or is
not moral. (Divine Command Theory)

Justice Law Theory of Ethics - ✔️✔️A theory that looks at what is fair and what is not
fair. "The right thing to do". (Social Contract)

Power Law Theory of Ethics - ✔️✔️A theory that assumes those in power determine
what is right and wrong

Moral Relativism - ✔️✔️Situational Ethics - Establishes moral standards according to
the situation in which the ethical dilemma occurs.

Utilitarianism - ✔️✔️Requires that we act in the best interests of most people.

Blanchard and Peale Model - ✔️✔️An ethical decision making model that proposes
that any behavior must be in compliance with the law. "Is it legal?"

Front of the Newspaper Test - ✔️✔️A simple ethical model that requires only that a
decision maker envision how a reporter would describe a decision on the front page of a
newspaper.

Laura Nash Model - ✔️✔️An ethical decision making model that forces managers to
seek additional perspectives as decisions are evaluated and implemented.

Wall Street Journal Model - ✔️✔️A resolution model of ethical dilemmas that consist of
compliance, contribution, and consequences.

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