ethics

According to the Friedman doctrine, what is the only social responsibility of a business?

• Adopt righteous moralism

• Follow cultural relativism

• Engage in philanthropy

• Increase profits

Which philosophical approach to ethics believes that ethics is a reflection of a culture?

• Friedman doctrine

• Cultural relativism

• Rights theories

• Utilitarian ethics

What is the belief of rights based view regarding ethics in foreign countries?

• Ignore ethics completely

• Follow utilitarian ethics

• Follow the ethics of the host country

• Adopt the ethics based on Human RIghts

Which approach believes in not following ethics as other firms are not following them in the host country?

• Kantian ethics

• Rights theories

• Naïve immoralism

• Utilitarian ethics

What is the focus of justice theories in terms of economic goods and services?

• Distribution based on utilitarian ethics

• Distribution based on cultural relativism

• Unequal distribution

• Equal distribution

According to utilitarian ethics, how are the moral worth of actions determined?

• By their consequences for the greater good

• By their intentions

• By their cultural acceptance

• By their profitability

What is the main principle of Kantian ethics?

• People should be treated as machines

• People should be treated as ends and never as means

• People should be treated as instruments

• People should be treated as means to an end

Which theory focuses on the attainment of a just distribution of economic goods and services?

• Cultural relativism

• Utilitarian ethics

• Rights theories

• Justice theories

What is the belief of cultural relativism regarding ethics?

• Ethics are universal

• Ethics are based on profitability

• Ethics are irrelevant

• Ethics are determined by culture

According to the Friedman doctrine, what is the problem with profit maximisation?

• It results in well-being of stockholders

• It creates conflict internally

• It ignores cultural relativism

• It varies across countries