Business Marketing Midterms T/F

Ethics is the moral principle or values that generally govern the conduct of individual or a group

• True

• False

Moral relativism is an ethical theory of time and place ethics; that is, the belief that ethical truths depend on the individuals and groups holding them

• True

• False

Utilitarian Ethical Theory is founded on the ability to predict the consequences of an action

• True

• False

Corporate Social Responsibility is a business's concern for society's welfare

• True

• False

Sustainability is the idea of socially responsible companies will outperform their peers by focusing on the world social problem and view them as opportunities to build profits and help the world at the same time

• True

• False

Deontology theory states that people should not adhere to the obligations and duties when analyzing ethical dilemma

• True

• False

Casuist ethical theory that compares a current ethical dilemma without examples of similar ethical dilemmas and their outcomes

• True

• False

Virtue is a character trait value as being evil

• True

• False

Stakeholder theory says that social responsibility does not pay attention to the interest of every affected stakeholder in every aspects of a firm's operation

• True

• False

Green Marketing is the development and marketing of products designed to maximize negative effects on the physical environment or to improve the environment

• True

• False