CMU PHL 318 Exam 2 Questions and Answers.

CMU PHL 318 Exam 2 Questions and Answers. Narrow/Classical View of CSR - CORRECT ANSWER business owes society nothing more than playing by the rules (managerial capitalism), Freidman Arguments for Narrow/Classical View - CORRECT ANSWER a corporation is the private property of the owners, businesses already contribute to society by nature, it should be run in whatever (legal) way the owners dictate, wrong tool for the job, the only purpose is to make money for the owners, the business will only participate in charity if it gets some profitable benefit (advertising) The Wide/Broad/Stakeholder View of CSR - CORRECT ANSWER business has an obligation to give back to society, Freeman Strong vs. Moderate Wide/Broad/Stakeholder View - CORRECT ANSWER strong means treat all stockholders the same, moderate means owners get a leg up Stakeholder - CORRECT ANSWER persons or groups who may be affected by a corporation (workers, community, society, owners, customers) Limited Liability - CORRECT ANSWER an important legal protections for businesses and their owners (encourages investment because it's safe) Dual Investment View for CSR - CORRECT ANSWER society invests in business, so business should invest in society Strategic Stakeholder Theory - CORRECT ANSWER focuses not on a company's ethical duties toward stakeholders, but on how taking care of stakeholders will often pay off purely in business terms Employment at Will - CORRECT ANSWER the idea that in an absence of a specific contract to the contrary, a private employer could fire and employee... for any reason whether moral or not (like cases principle because employees can quit too) Federal Protections of EAW - CORRECT ANSWER it is generally illegal to fire someone for reasons that are descriminatory, or for reporting certain violations to the government (OASB) State Protections of EAW - CORRECT ANSWER makes it illegal to fire for reasons that violate public policy (ex. jury duty) Exploitation - CORRECT ANSWER when employers use their bargaining power to take advantage of employees (golden rule: treat others the way you want to be treated) Autonomy - CORRECT ANSWER we do not give up our autonomy at work, we make commitments and follow them Employee Control Rules of Thumb - CORRECT ANSWER attempts to control on the job conduct are generally more accepted than off the job, the more direct the impact of the employee conduct the more reasonable it is to control it, the more the exercise of control over a given form of behavior interferes with the employee's ability to run their life the less morally justified, some restrictions are morally justified to protect the rights/safety of the public Restrictions that are justified - CORRECT ANSWER when it prohibits conflicts of interest, when they restrict the employees from actions that harm the business Employer Rules Limiting Speech - CORRECT ANSWER restrictions that apply on company time, speech about the company that's false/defamatory, releases important info, or if the employee is a spokesperson of the company