Milton friedman Studienführer, Klassennotizen & Zusammenfassungen

Chapter 01 – An Introduction to Business Ethics Multiple Choice 1. Principles are a. laws and regulations that guide behavior in the world of business. b. mores, values, and customs that guide behavior in general. c. specific and pervasive boundaries for behavior that are universal and absolute. d. the obligations businesses have to maximize their positive impact and minimize their negative impact. e. the mores, values, and customs that parents teach their children. ANSWER: c 2. Corpor...

PHIL1404 Graded Quiz Perfect Preparation Q&A UNIT1 1. Which normative ethical theory supports the idea of holding multiple ethical standards? a. virtue ethics b. utilitarianism ology of the above 2. According to the Greek system of logic introduced by Socrates, normative ethical theories ultimately are grounded in reason. b.True 3. Which of the following is not a stakeholder? d. corporate culture 4. According to Milton Friedman, a company’s social responsibility consis...

MGMT CHAPTER 5 PREDICTION QUESTIONS 2024. social obligation is the obligation of a business to meet its _________. A) social and technological responsibilities B) economic and social responsibilities C) technological and economic responsibilities D) economic and legal responsibilities - ANSWER d) economic and legal responsibilities the ______ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classical ...

M & M candies wants its suppliers to conform to U. S. environmental and labor laws, not just the local laws in the supplier's country, where regulations may not be as stringent. Their policy reflects the beliefs that people have a right to be treated fairly in their jobs and a right as human beings to have a clean environment. This is an example of what school of jurisprudence? Legal Positivism; Natural Law; Legal Realism; Historical School: Tradition; All of the Above. - Answer- The ans...

Social Studies 10-1: Unit 3 Latest Update Graded A+ Big economic boom example In the 1920s - The rebuild after WWI caused an economic 'boom' around the world. What happened to the economy during the Great Depression? 1929 - USA's stock market crashPre-crash = closest to "true" capitalism Economic interconnectedness = Global recession -> Global depression 1930's - banks failed- people lost savings- mass unemployment/poverty- nations turned inwards- high tariffs- world trade...

Mgmt Ch 5 Exam Questions With 100% Correct Answers 2024 social obligation is the obligation of a business to meet its _________. A) social and technological responsibilities B) economic and social responsibilities C) technological and economic responsibilities D) economic and legal responsibilities - answerd) economic and legal responsibilities the ______ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classi...

In the US, blood donors can be compensated. In the UK, they cannot. Michael Sandel cites a study comparing these two systems and showing that the British system had less waste, contamination, cost, and shortages than the American system. Sandel uses this example, and other similar cases, to claim that: -Turning a gift into a commodity for sale changes the meaning of the exchange. -We need ethical reflection in economics to help us determine the appropriate limits of the marketplace. -Some...

What is a Business? - Answer-an organization that provides goods and services to earn a profit What is a nonprofit? - Answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer-- employment -production of goods/services we want/need - innovation of new goods/services - community leadership/suppor...

reason to study business ethics correct answers Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that businesses can integrate ethics in their decision-making. are ethics and ethos the same thing correct answers no legitimate challenges to utilitarian ethical theory (theres 4) correct answers There is no consensus among utilitarians on how to measure and d...

COB 487 EXAM 1 QUESTIONS AND ANSWERS ALREADY PASSED What is a normative argument? It is about what ought to be done according to a someone's value position. Stakeholders interests are... Joint Who are typically considered primary stakeholders? Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? Ed Freeman According to stakeholder theory, how can trade-offs be resolved? By leveraging imagination/creativity. What is an instrumental vie...