Multiple questions answers | Accounting homework help

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Question 1
1. Big Sneaker Multinational Company has an Asian manufacturing facility which would be regarded as a “sweat-shop,” where young, teen-age girls are exploited, working for poor wages and with minimal safety precautions, as well as some of the girls being sexually harassed by managers in the making of sneakers. The company, however, is acting legally in Asia and, moreover, produces a lot of money for the Asian and U.S. economies, the company’s shareholders and distributors and retailers; and furthermore the U.S. consumer gets a very good product at a reasonable price. The Asian girls have some type of a job, at least. Under these circumstances, Kant based on his Categorical Imperative would say:

a. If those type of working conditions are considered to be normal and the customary practice in Asian societies then the facility is a moral one.
b. If the facility produces the greater good for U.S. and the Asian society then it is a moral one despite some suffering by the employees.
c. If the facility produces overall good for the company, despite a little bad publicity which the “PR people” can handle, then it is moral.
d. If the working conditions at the facility are not improved and if the sexual harassment of the girls is not stopped, the facility is an immoral one as it fails the Kingdom of Ends and Agent/Receiver tests.

Question 2
1. Maria works in the public relations department of National Sales Company. Her job includes portraying National’s activities in their “best light.” In this context, ethical egoism can be described as

Actions that produce a favorable financial outcome
Whatever saves National’s “face”
A Machiavellian mind-set
All of the above.

Question 3
1. Which of the following statements is NOT correct?

Laws change but ethics is constant for Kantians.
Laws change and ethics are ever changeable for a Sophist.
Laws stay the same, but definitions of corporate social responsibility are constant.
Morality is constant for Socrates, but changes for an ethical relativist.

Question 4
1. The Sophists, who were known as respected teachers in ancient Greece, became vilified through time, and now have the negative words “sophist” and “sophistry” associated with them, because:

They emphasized that there was no universal truth in morality, ethics, justice, and religion.
They placed an emphasis on debate, rhetorical skills, and argumentation regardless of any underlying truth.
They were known as the first business consultants and emphasized making money and securing power by whatever means necessary, and then getting good publicity for being socially responsible.
All of the above.

Question 5
1. Eva, the chief executive officer of Federated Corporation, wants to ensure that the company’s activities are legal and achieve the greater good. The best course for Eva and her company is to act in

Ignorance of the law
Regard for the firm’s shareholders only
Their own self-interest
None of the above.

Question 6
1. What are some of the challenges is determining a “moral minimum wage” to be paid to one’s employees in a manufacturing facility in Cambodia?

a. One must attempt to determine what the prevailing wage rate is in the pertinent labor market – both industry and geographic.
b. One must determine what the legal minimum is, if any; and if there is one whether that law is enforced by the government.
c. One must ascertain what ethical theory one is going to apply to determine what exactly the “moral minimum wage is.
d. All of the above.

Question 7
1. Abraham Lincoln’s famous condemnation of slavery, “So I would not be a slave, therefore I shall not be a master,” best reflects what type of ethical thinking:
Ethical relativism
Utilitarianism
Rousseau’s General Will theory
Kant’s Categorical Imperative

 

Question 8
The best approach to social responsibility for business today would be to emulate:
a.Robin Hood of “Merry Olde England” days (who stole from the rich to give to the poor, and who became a big hero)
b.Marie Antoinette, Queen of France during the Revolution (who said, when told the poor had no bread to eat, said “Let them eat cake,” and who, alas, was beheaded)
c.Francis of Assisi, the son of a rich Italian merchant, who gave away everything to the poor, including the clothes he was wearing, and thus walked around Assisi naked (but who later became a Saint)
d.Home Depot for focusing prudently and primarily on Habitat for Humanity in their charitable giving and community help efforts.

Question 9
A conservative interpretation and definition of corporate “social responsibility” would typically reflect the view that:
Corporate social responsibility should be mandated and closely regulated by global organizations, such as the United Nations.
There is insufficient government regulation in the U.S. in place to deal with corporate socially responsible decision-making.
Social responsibility decisions in business should be decided according to philosophical Natural Law and Natural rights ethical principles.
It could in the long-term, self-interest of business to “get involved” in the community in a prudent manner.

Question 10 The term “corporate social responsibility” is today best defined in the U.S. by:
a.Federal statutory incorporation law.
b.Securities and Exchange Commission (SEC) Rule 10b(5)
c.Kant’s ethical writings condemning the corporate form of business for being selfish, greedy, and immoral
d.Current definitions in business of the term which indicate that a company should be socially responsible and thus contribute to charities and civic organizations, but in a prudent and smart manner.

Question 11
Social responsibility is best described as a company being:
Saintly in the moral sense
Helpful in a prudent manner in the community
Lawful only
Altruistic to all stakeholders.

Question 12
The doctrine that holds that business has an obligation to generally do good charitable deeds for society is:
Moral minimum
Maximizing profits
Social responsibility
Corporate legal status.

 

Question 13
When Ruby, the president of Interrelated Systems Corporation, is deciding what business action to take, an initial question is, like it is for most major companies today, whether the action
Ethical
Legal
Socially responsible
Likely to result in executive bonuses.