ADMS-3060-Assignment3
docx
keyboard_arrow_up
School
York University *
*We aren’t endorsed by this school
Course
3060
Subject
Philosophy
Date
Jan 9, 2024
Type
docx
Pages
5
Uploaded by AgentFinch2922
According to the reading on Corporate Social Responsibility states that it is true to say that changes in ethics or values do not precede the establishment of laws. Question 17Answer True False
Answer
Answer
The statement is generally False.
Changes in ethics or values can precede the establishment of laws. In many cases, evolving societal values or ethical considerations can lead to the recognition of new issues or the reevaluation of existing norms. As a result, there may be a call for legal changes to better align with updated ethical standards. In this way, shifts in ethics or values can influence the creation or modification of laws.
You
In the reading on Corporate Social Responsibility, it is stated that: Question 18Answer a.
ethics is above the law b. the law is above ethics c. ethics and the law are equal d. all of
the above e. none of the above
Answer
Answer
Without specific access to the reading on Corporate Social Responsibility, I can provide a
general perspective. The idea that is often emphasized in discussions on ethics and the law is:
a. ethics is above the law
This perspective suggests that ethical considerations go beyond mere legal compliance.
While the law sets a baseline for acceptable behavior, ethical standards may exceed these legal requirements, and businesses are often encouraged to consider ethical principles that go beyond what is legally mandated. This doesn't mean that the law is unimportant, but rather that ethical behavior is seen as a higher standard.
You
According to the reading on Corporate Social Responsibility, when stated in a more practical and managerial term, a socially responsible firm should strive to: Question 19Answer a. make a profit b. obey the law c. be ethical d. be a good corporate citizen e. all of the above
Answer
Answer
The most comprehensive answer from the options provided is:
e. all of the above
A socially responsible firm should strive to make a profit (economic responsibility), obey the law (legal responsibility), be ethical (ethical responsibility), and be a good corporate citizen (discretionary or philanthropic responsibility). These elements collectively represent the multifaceted nature of corporate social responsibility.
You
The lesson to be learned from the Parable of the Sadhu is that in a complex corporate situation, the individual does not require or deserve the support of the group. Question 20Answer True False
Answer
Answer
The statement is False.
The Parable of the Sadhu, as presented by author and businessman Bowen H. McCoy, does not convey the lesson that the individual does not require or deserve the support of the group. Instead, the parable raises ethical questions about the responsibility of individuals and groups in helping others, especially in challenging situations. It highlights the tension between individual and collective responsibilities in complex situations and encourages reflection on ethical decision-making.
You
ethics and the law are equal
Answer
Answer
The relationship between ethics and the law is complex, and opinions may vary. However, it is a common perspective that ethics and the law are not equal but intersect in various ways.
False.
While the law sets a minimum standard of behavior that society deems acceptable and enforces through legal consequences, ethics often represents a higher standard of moral principles. Ethics encompasses personal and professional values, and individuals and businesses are encouraged to go beyond legal compliance to act ethically.
In some cases, ethical standards may influence the creation or modification of laws, indicating that ethical considerations can extend beyond legal requirements. However, they are not considered equal; rather, ethics is seen by many as a broader and aspirational framework.
You
In Heinz Dilemma, the moral dilemma is whether Heinz should steal a drug that will save his wife’s life. Question 21Answer True False
Answer
Answer
True.
The Heinz Dilemma is a moral thought experiment created by Lawrence Kohlberg to explore moral reasoning. In the dilemma, Heinz is faced with the moral decision of whether to steal a drug that could save his wife's life. The scenario is designed to prompt individuals to consider their moral reasoning and the factors that influence their decision-making in ethical dilemmas.
You
The article by Milton Friedman deals with: Question 22Answer a. ethical behaviour b. partly ethical behaviour c. corporate social responsibility d. all of the above e. none of the above
Answer
Answer
The article by Milton Friedman, titled "The Social Responsibility of Business is to Increase its Profits," primarily deals with:
c. corporate social responsibility
Milton Friedman's argument in the article is that the primary responsibility of a business is to its shareholders, and that business decisions should be focused on maximizing profits within the bounds of the law and ethical custom. He challenges the idea that businesses should take on broader social responsibilities beyond those required by law.
You
According to Milton Friedman, in a free enterprise, private property system, a corporate executive is an employee of the owners of the business. Question 23Answer True False
Answer
Answer
True.
In Milton Friedman's perspective, outlined in his article "The Social Responsibility of Business is to Increase its Profits," he argues that in a free enterprise, private property system, a corporate executive is an employee of the owners (shareholders) of the business. According to Friedman, the executive's primary responsibility is to conduct the
business in accordance with the owner's desires, which are often focused on maximizing
profits within the bounds of the law and ethical custom.
You
According to Milton Friedman, the basic reason why the doctrine of “social responsibility” involves the acceptance of the socialist view that political mechanisms, not market mechanisms, are the appropriate way to determine the allocation of scarce resources to alternative. Question 24Answer True False
Answer
Answer
False.
According to Milton Friedman's perspective, as outlined in his article "The Social Responsibility of Business is to Increase its Profits," he does argue against the doctrine of "social responsibility" but not on the basis that it involves the acceptance of the socialist view. Instead, Friedman contends that the primary responsibility of a business is to its shareholders, and the use of political mechanisms to allocate resources is not the appropriate role for businesses. He advocates for businesses to focus on maximizing
profits within the legal and ethical framework, using market mechanisms rather than political ones for resource allocation.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
You
According to Milton Friedman, in an ideal market resting on private property Question 25Answer a. no individual can coerce any other b. all cooperation is voluntary c. all parties to such benefit or need not cooperate d. all of the above e. none of the above
Answer
Answer
According to Milton Friedman's perspective, particularly in the context of his article "The
Social Responsibility of Business is to Increase its Profits," the idea that aligns with an ideal market resting on private property is:
d. all of the above
In an ideal market resting on private property, Friedman argues that:
No individual can coerce any other:
Individuals are free to make their own choices within the legal and ethical framework.
All cooperation is voluntary:
Interactions and transactions in the marketplace are based on voluntary agreements.
All parties benefit or need not cooperate:
In a free market, transactions are generally entered into when all parties perceive mutual benefit, and they are free not to
cooperate if they do not see it as beneficial.
You
According to Milton Friedman, the doctrine of “social responsibility” taken seriously would not extend the scope of the political mechanism to every human activity. Question 26Answer True False
Answer
Answer
False.
According to Milton Friedman's perspective in his article "The Social Responsibility of Business is to Increase its Profits," he argues that the doctrine of "social responsibility," if taken seriously, would indeed extend the scope of the political mechanism to every human activity. Friedman is critical of the idea that businesses should take on broader social responsibilities beyond maximizing profits within the legal and ethical framework, as this would involve more extensive involvement of political mechanisms in the economy.
You
According to Milton Friedman, “there is one and only one social responsibility of business – to use it resources and engage in activities designed to increase its profits so
long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” Question 27Answer True False
Answer
Answer
True.
This statement accurately reflects the core argument presented by Milton Friedman in his article "The Social Responsibility of Business is to Increase its Profits." Friedman argued that the sole social responsibility of a business is to use its resources and engage in activities that aim to increase its profits, as long as it operates within the rules of the game, meaning open and free competition without deception or fraud. He emphasized that the pursuit of profits should be conducted within the legal and ethical framework of the society.