Question 1

Identify the five main types of actions which a company can choose from in crafting a social responsibility strategy.

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Question 2

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

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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?

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Question 4

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

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Question 5

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

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Question 6

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?

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Question 7

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?

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Question 8

What are the strengths and weaknesses of the beliefs and tenets underlying the school of ethical relativism?

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Question 9

Identify and briefly describe any three of the four approaches to managing a company's ethical conduct.

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Question 10

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

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Question 11

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

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Question 12

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

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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.

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