MGT 415 exam Review.100% Coverage. Graded A+

MGT 415 exam Review.100% Coverage. Graded A+ Business ethics concerns:--the application of general ethical principles to the actions and decisions of companies and the conduct of their personnel. Ethical principles in business:--are not materially different from ethical principles in general. Ethical principles as they apply to the conduct of personnel and business decisions:--deal primarily with the company’s duty to comply with legal requirements, conform to ethical norms of society, and ethical principles in general. Notions of right and wrong, fair and unfair, moral and immoral, ethical and unethical:--are present in all societies and cultures, and in organizations and individuals, with some of the most important concepts of what is right and what is wrong (for example, being truthful) resonating with people of most cultures, and are thus universal. The contentions that (1) many of the same standards of what’s ethical and what’s unethical resonate withpeoples of most societies regardless of local traditions and cultural norms and (2) to the extent there iscommon moral agreement about right and wrong actions, common ethical standards are can be used to judgethe conduct of personnel at companies operating in a variety of country markets and cultural circumstancesare defining beliefs of:--the school of ethical universalism. The school of ethical universalism holds that:--the most fundamental conceptions of right and wrong are universal and apply to members of all societies, all companies, and all businesspeople. According to the school of ethical universalism:--to the extent there is common moral agreement about right and wrong actions and behaviors across multiple cultures and countries, there exists a set of universal ethical standards to which all societies, all companies, and all individuals can be held accountable. According to the school of ethical universalism:--universal ethical principles set forth the traits and behaviors that are considered virtuous and that a good person is supposed to believe in and to display. As such, these norms put limits on what actions andbehaviors fall inside the boundaries of what is right and which ones fall outside—such universal normsinclude honesty, respecting the rights of others, practicing the Golden Rule, and not acting in a mannerthat harms others or pillages the environment. If one concurs with the school of ethical universalism, then one believes that:--many basic moral standards travel well across cultures and countries and really do not vary significantly according to local cultural beliefs, social mores, religious convictions, and/or the circumstances of the situation. The strength of the beliefs underlying ethical universalism is that--it draws upon the collective views of multiple societies and cultures to put some clear boundaries on what constitutes ethical business behavior and what constitutes unethical business behavior no matter what country market or culture a company is operating in. The contention that since there are cross–country or cross–cultural differences in ethical standards, it isappropriate to judge behavior as ethical/unethical in the light of local customs and social mores should takeprecedence over a single set of ethical standards or what may be applicable in a company’s home market:--defines what is meant by ethical relativism. The school of ethical relativism holds that:--when there are cross–country or cross–cultural differences in what is deemed fair or unfair, what constitutes proper regard for human rights, and what is considered ethical or unethical in businesssituations, it is appropriate for local moral standards to take precedence over what the ethical standardsmay be elsewhere. According to the school of ethical relativism:--there are important occasions when local cultural norms and morality and the circumstances of the situation determine whether certain behaviors are right or wrong, for there are no absolutes when it comes to business ethics. If one accepts the tenets of the school of ethical relativism, then it follows that:--All of these. Which one of the following statements about the ethical relativism school of thinking is FALSE?--The best and fairest way for a multinational company to approach the enforcement of ethical standards companywide is to reject ethical universalism and pursue ethical relativism. According to the advocates of ethical relativism:--if the use of underage labor and/or the payment of bribes/kickbacks are acceptable in a particular culture/ society/country, then a case can be made that it is morally correct and ethical for a company to use these practices in conducting its business activities in that culture/society/country. A belief in ethical relativism leads to the conclusion that:--whether the use of underage labor and the payment of bribes/kickbacks should be deemed ethical or unethical depends on the moral standards, values, and business norms that prevail in particular cultures, societies, countries, or circumstances.