Question 1

Which twentieth century thinker is most associated with criticism of corporate social responsibility and philanthropy?&#10;A) Milton Friedman&#10;B) Andrew Carnegie&#10;C) Kenneth Blanchard&#10;D) John Stuart Mill

Accepted Answer

Milton Friedman is most associated with criticism of corporate social responsibility and philanthropy. He argued that the sole purpose of a corporation is to maximize profits for its shareholders, and that any actions taken for social or environmental reasons are ultimately harmful to the company's bottom line. He believed that businesses should focus on their economic role and leave social issues to the government and nonprofit sectors.

Question 2

Which of the following is not one of the five Hippocratic principles?&#10;A) Autonomy&#10;B) Justice&#10;C) Utilitarianism&#10;D) Beneficence

Accepted Answer

The five Hippocratic principles are: beneficence (doing good), non-maleficence (not doing harm), autonomy (respecting patient's rights to make their own decisions), justice (treating people fairly), and confidentiality (keeping patient information confidential). Utilitarianism is not one of the Hippocratic principles.

Question 3

Which of the following statements about workplace trends in the UK is most accurate?&#10;A) Employees feel less secure and more stressed&#10;B) Employees feel more secure and less stressed&#10;C) Employees feel less secure and less stressed&#10;D) Employees feel more secure and more stressed

Accepted Answer

According to research and surveys, employees in the UK feel less secure and more stressed due to factors such as job insecurity, workload, and lack of support from employers.

Question 4

What is being described here? Initiatives taken by organisations in the environmental and charitable fields.&#10;A) Philanthropy&#10;B) Codes of ethics&#10;C) Paternalism&#10;D) Corporate social responsibility

Accepted Answer

Corporate social responsibility (CSR) refers to initiatives taken by organizations to take responsibility for their impact on society and the environment. This includes charitable and environmental initiatives. Philanthropy refers specifically to the act of donating money or resources to charitable causes, while codes of ethics and paternalism do not accurately describe the described initiatives.

Question 5

Which of the following statements about comparative business ethics is most accurate?&#10;A) Japanese companies have a poor reputation for health and safety&#10;B) American executives tend to disapprove of making payments for business favours&#10;C) Standards of ethics are generally similar across the world&#10;D) Chinese employees work fewer hours than their counterparts elsewhere in the world

Accepted Answer

While it is difficult to make broad generalizations about comparative business ethics, research suggests that American executives tend to disapprove of making payments for business favors, such as bribes, whereas in some other cultures, such practices may be more accepted or expected. It is important to note that there are exceptions to this, and certain American companies or individuals may engage in unethical behavior. The other statements - that Japanese companies have a poor reputation for health and safety, that standards of ethics are generally similar across the world, and that Chinese employees work fewer hours than their counterparts elsewhere in the world - are either inaccurate or too broad to be considered the most accurate statement.

Question 6

Who argued that modern managers appear to prefer to make decisions on superficial grounds rather than on reports containing data?&#10;A) Henry Mintzberg&#10;B) The Quality of Working Life Unit&#10;C) Michael Fogarty&#10;D) Milton Friedman

Accepted Answer

Henry Mintzberg argued this in his book "The Nature of Managerial Work."

Deck 23: Ethics and Reputational Management