BA 300 UPDATED ACTUAL QUESTIONS AND ANSWERS
GUARANTEE A+
✔✔Example of integrative social contract theory - ✔✔levi strauss had kids working as
seamstresses in bangladesh
- people saw this as violating human rights
- levis pais for the kid workers education and told them they can come back after school
and work for them
✔✔Ethic and care focuses on what two things? - ✔✔Focus on relationships and
responsibilities
✔✔Ethics and care
more on how it focuses on relationships - ✔✔-your relationship with your spouse kids
peers your colleagues coworkers - take care of those people - do not treat those as
abstract people
-if sam the supplier isn't delivering in time- go talk to him
-he says that his son got hurt thats why things aren't on time
and your response - as someone who is relationship oriented - say no problem we will
make do etc.
✔✔Biggest pro of ethics and care - ✔✔-protects the weak and dependent
-the theory cares about those less advantaged
✔✔Biggest con of ethics and care - ✔✔- it can neglect justice
- if someone does something wrong, you try to find causes/ feel sorry for them -->
enables their bad behavior
✔✔What are care ethics? - ✔✔care ethics emphasize how ethical reflection should
focus on the quality of caring relationships
✔✔What did the feminist gilligan argue about the language of individual rights and
justice? - ✔✔She argued that the language of individual rights/justice did not accurately
capture how people - especially women understand ethics in terms of concrete
relationships and responsibilities interwoven in life
✔✔why did Feminist gilligan not agree with psychologist Kolbergs stages of moral
development? - ✔✔she argued that it represented a male bias and that women tend to
speak with a different moral voice
✔✔Ethics of care is both blank thoery and blank theory - ✔✔a descriptive phycological
theory
a normative theory
, ✔✔Corporation def - ✔✔Legal entity chartered by the state with rights and
responsibilities apart from the persons running or working for the corporation"
✔✔in a corporation with shareholders there is a seperation of what - ✔✔Separation of
ownership and control
✔✔what are the 2 perspectives that must be kept in mind with corporations? - ✔✔1) the
shareholders value
2) the stake holder theory
✔✔what is the shareholders value? - ✔✔maximize profits within the law and morality
the shareholder have taken a risk and you owe them this (max profits)
✔✔what is the stakeholder theory - ✔✔Advance the interests of all stakeholders (even
at the expense of profit)
The shareholders are a piece of the puzzle, if they do not get money this time or as
much as they could thats fine if it means that employees or customers get more than
what they bargain for
✔✔At IPO shareholders invest in the promise of max shareholder value within legal and
moral constraints in exchnage for what - ✔✔in exchange for taking on the firms residual
risk
the promise stays with shares as they chage from person to person over time
✔✔what are the 3 arguments for the shareholders value - ✔✔legal argument
economic imperative
ethical justifications
✔✔2 types of ethical justifications - ✔✔efficiency - resources pulled to their most valued
uses
liberty - individuals are free to participate or not
✔✔2 challenges to shareholders value - ✔✔1) difficult to self rely on self interested
business peopleto act on others behalf: market mechanisms are required to rein them in
2) shareholder value supporters think that part of corporate responsibilityis creating
effective corporate governance mechanisms to portect long term interests of
shareholders
✔✔Corporate Social Responsibility def - ✔✔"Commitment to corporate actions beyond
maximizing profits within the law" (and morality)
GUARANTEE A+
✔✔Example of integrative social contract theory - ✔✔levi strauss had kids working as
seamstresses in bangladesh
- people saw this as violating human rights
- levis pais for the kid workers education and told them they can come back after school
and work for them
✔✔Ethic and care focuses on what two things? - ✔✔Focus on relationships and
responsibilities
✔✔Ethics and care
more on how it focuses on relationships - ✔✔-your relationship with your spouse kids
peers your colleagues coworkers - take care of those people - do not treat those as
abstract people
-if sam the supplier isn't delivering in time- go talk to him
-he says that his son got hurt thats why things aren't on time
and your response - as someone who is relationship oriented - say no problem we will
make do etc.
✔✔Biggest pro of ethics and care - ✔✔-protects the weak and dependent
-the theory cares about those less advantaged
✔✔Biggest con of ethics and care - ✔✔- it can neglect justice
- if someone does something wrong, you try to find causes/ feel sorry for them -->
enables their bad behavior
✔✔What are care ethics? - ✔✔care ethics emphasize how ethical reflection should
focus on the quality of caring relationships
✔✔What did the feminist gilligan argue about the language of individual rights and
justice? - ✔✔She argued that the language of individual rights/justice did not accurately
capture how people - especially women understand ethics in terms of concrete
relationships and responsibilities interwoven in life
✔✔why did Feminist gilligan not agree with psychologist Kolbergs stages of moral
development? - ✔✔she argued that it represented a male bias and that women tend to
speak with a different moral voice
✔✔Ethics of care is both blank thoery and blank theory - ✔✔a descriptive phycological
theory
a normative theory
, ✔✔Corporation def - ✔✔Legal entity chartered by the state with rights and
responsibilities apart from the persons running or working for the corporation"
✔✔in a corporation with shareholders there is a seperation of what - ✔✔Separation of
ownership and control
✔✔what are the 2 perspectives that must be kept in mind with corporations? - ✔✔1) the
shareholders value
2) the stake holder theory
✔✔what is the shareholders value? - ✔✔maximize profits within the law and morality
the shareholder have taken a risk and you owe them this (max profits)
✔✔what is the stakeholder theory - ✔✔Advance the interests of all stakeholders (even
at the expense of profit)
The shareholders are a piece of the puzzle, if they do not get money this time or as
much as they could thats fine if it means that employees or customers get more than
what they bargain for
✔✔At IPO shareholders invest in the promise of max shareholder value within legal and
moral constraints in exchnage for what - ✔✔in exchange for taking on the firms residual
risk
the promise stays with shares as they chage from person to person over time
✔✔what are the 3 arguments for the shareholders value - ✔✔legal argument
economic imperative
ethical justifications
✔✔2 types of ethical justifications - ✔✔efficiency - resources pulled to their most valued
uses
liberty - individuals are free to participate or not
✔✔2 challenges to shareholders value - ✔✔1) difficult to self rely on self interested
business peopleto act on others behalf: market mechanisms are required to rein them in
2) shareholder value supporters think that part of corporate responsibilityis creating
effective corporate governance mechanisms to portect long term interests of
shareholders
✔✔Corporate Social Responsibility def - ✔✔"Commitment to corporate actions beyond
maximizing profits within the law" (and morality)
