Question 1

Why are well-conceived CSR strategies and sustainable business practices considered in the best long-term interest of shareholders?

Accepted Answer

The answer of Why are well-conceived CSR strategies and sustainable...

Question 2

What is the case for why business strategies should be ethical?

Accepted Answer

The answer of What is the case for why business...

Question 3

What is the essence of the moral case for why a company should engage in socially responsible actions and environmentally sustainable business practices?

Accepted Answer

The answer of What is the essence of the moral...

Question 4

Apart from "the business of business is business,not ethics" kind of thinking,there are three other primary factors that contribute to a drive toward unethical business behavior.Identify and explain the three factors.

Accepted Answer

The answer of Apart from "the business of business is...

Question 5

Sustainability is a term used in various ways,but most often it concerns a firm's relationship to the environment and its use of natural resources.Define the term from a company's business practices and strategy perspective.

Accepted Answer

The answer of Sustainability is a term used in various...

Question 6

How do socially responsible actions and sustainable business practices lower costs related to human resources in a company?

Accepted Answer

The answer of How do socially responsible actions and sustainable...

Question 7

Does a company have a duty to go beyond legal requirements and conform to the ethical norms of the societies in which it operates?

Accepted Answer

The answer of Does a company have a duty to...

Question 8

Define and discuss the programs commonly included under a company's corporate social responsibility strategy.

Accepted Answer

The answer of Define and discuss the programs commonly included...

Question 9

Discuss briefly what is meant by the terms ethical universalism and ethical relativism.Where does integrated social contracts theory fit into the debate about ethical standards? Which of the three schools of thought stands on the strongest ground?

Accepted Answer

The answer of Discuss briefly what is meant by the...

Question 10

Ethical relativism equates to multiple sets of ethical standards.True or false? Explain your answer.

Accepted Answer

ethical relativism does equate to multiple sets of ethical standards.In fact it holds that a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel is totally inappropriate.It advocates multiple sets of ethical standards because it believes that whether certain actions or behaviors are ethically right or wrong depends on the ethical norms of the country or culture in which they take place.Multiple sets of ethical standards are inevitable when it is considered appropriate for local ethical standards to take precedence over what the ethical standards may be in a company's home market.

Question 11

What is the essence of the business case for why a company should engage in socially responsible actions and environmentally sustainable business practices?

Accepted Answer

The answer of What is the essence of the business...

Question 12

What is meant by integrated social contracts theory? What is its contribution to the debate about ethical standards?

Accepted Answer

The answer of What is meant by integrated social contracts...

Question 13

Identify the five good reasons (actions)companies can choose in crafting social responsibility initiatives,environmental sustainability,and a good corporate citizenship strategy.

Accepted Answer

The answer of Identify the five good reasons (actions)companies can...

Question 14

Explain how environmental sustainability strategies go about improving a company's "Triple-P" performance-people,planet,and profit.Why is it important for strategy-makers to find points of intersection between society and the company's ability to execute value chain activities or better serve customer needs?

Accepted Answer

The answer of Explain how environmental sustainability strategies go about...

Question 15

Explain the difference between ethical universalism and integrated social contracts theory.Which school of thought is most inclusive? Explain the reasons for your answer.

Accepted Answer

The answer of Explain the difference between ethical universalism and...

Question 16

Identify the three types of business costs of ethical failures.Provide examples for each type of cost.

Accepted Answer

The answer of Identify the three types of business costs...

Quiz 9: Ethics, Corporate Social Responsibility, Environmental-Sustainability, and Strategy