Question 1

Virtue ethics is principally concerned with:

Accepted Answer

A)   Ensuring that employees are loyal to their employers
B)   Ensuring that partners are loyal to one another
C)   Developing a person's character
D)   Deterring breaches of trust without the need for imprisonment

Question 2

A student enrolled in your class has dyslexia.As a result of this learning disability,he reads slowly.The university has agreed to give this student more time to take a test that customarily is allotted to other students.Evaluate this decision in the context of Aristotle's view on distributive justice.

Accepted Answer

If student is viewed as an "unequal," he is entitled to a reasonable accommodation,but his resulting grade in the class should neither be augmented nor suffer as a result of this disability.That is,his treatment should be adjusted proportionately to the degree of inequality.If this student is viewed as an "equal," he should be held to the same standards and given the same privileges as all other students.

Question 3

Virtue ethics requires people to ask the following question of themselves:

Accepted Answer

A)   "How should I act?"
B)   "Who should I be?"
C)   "Did I make an error in judgment?"
D)   "Did my decision optimally protect the rights of others?" B

Question 4

Accounting staff members at a major corporation received an all-expense paid vacation to Hawaii from a hedge fund trader.In return,they shared company earnings results with a hedge fund trader two days prior to the public release of these results.The accounting staff members' actions are consistent with:

Accepted Answer

A)   Deontology
B)   Egoism
C)   Virtue ethics
D)   No recognized philosophy

Question 5

Should corporations be required to disclose in SEC filings their expenditures on improving and maintaining the environment?

Accepted Answer

The question of whether corporations sho...

Question 6

Virtue ethics focuses principally on:

Accepted Answer

A)   The preparation for being ethical, rather than on the achievement of end results
B)   End results, like consequentialism does
C)   Actions, like deontology does
D)   The development of mental cues for evaluating the success, or failure, of past decisions

Question 7

Which of the following is,or are,commonly accepted definitions of CSR?

Accepted Answer

A)   A corporation fully complies with all applicable laws and regulations
B)   A corporation engages in activities that are both socially responsible and profit-enhancing
C)   A corporation engages in activities that are socially responsible, even if they are not profit-enhancing
D)   All of the above

Question 8

What broad categories of acts do you consider to be acts of Corporate Social Responsibility?

Accepted Answer

Broad categories of acts that are consid...

Question 9

Virtue ethics focuses on:

Accepted Answer

A)   The development of integrity
B)   The achievement of due care in all personal and professional interactions
C)   Accomplishing sound decision-making
D)   Implementing a systematic approach to the virtuous resolution of ethical dilemmas

Question 10

Identify a corporate project that exemplifies corporate social responsibility and explain your rationale.

Accepted Answer

One corporate project that exemplifies c...

Question 11

The veil of ignorance illustrates the viewpoint that:

Accepted Answer

A)   Most people are woefully uninformed about the meaning of fairness
B)   Justice should be applied blindly, without regard to a person's innate character traits, such as race or religion
C)   Resource allocation decisions should be made as if a decision-maker did not know his or her eventual status, or lack of status, in life
D)   Random distributions of societal wealth might well be superior to the system in effect in many societies today

Question 12

No society has adopted Rawls' veil of ignorance.Why do you think that Rawls' approach to distributive justice has not been widely adopted?

Accepted Answer

Rawls' approach to distributive justice,...

Question 13

Rawls believed that society should strive for:

Accepted Answer

A)   Equality of resource allocation among all
B)   Equality of resource allocation among the most productive members of society
C)   Inequality of resource allocation at birth, to spur hard work and innovation
D)   Variability in resource allocation, which he called the difference principle

Question 14

Should accounting rules be revised to better account for socially responsible expenditures? Which rules?

Accepted Answer

The question of whether accounting rules...

Question 15

Do you believe that societal resource allocations based on Rawls' veil of ignorance should be widely adopted?

Accepted Answer

The concept of the veil of ignorance is ...

Question 16

A public opinion poll concluded that rich people tend to favor a lower estate tax on wealth,while poor people tend to favor a higher estate tax.This finding:

Accepted Answer

A)   Is consistent with the veil of ignorance, which Rawls contends makes rich people irrational
B)   Shows why policy-makers would tend to evaluate decisions more objectively by applying a veil of ignorance
C)   Is a classic, real-world example of the veil of ignorance in action
D)   Is a prime example of Aristotle's view of how unequals should be treated

Question 17

Milton Friedman espoused the view that:

Accepted Answer

A)   A corporation's sole duty is to make money, regardless of the means utilized
B)   A corporation should sacrifice profit maximization if doing so is necessary to comply with legal mandates
C)   A corporation has a compelling obligation to engage in socially responsible activities, even at the sacrifice of profits
D)   All of the above

Question 18

The disclosure of conflict minerals in SEC filings is historically significant because:

Accepted Answer

A)   The Dodd-Frank Act revolutionized depletion accounting rules for natural resource properties
B)   Investors now will be better able to evaluate the risks of firms that are highly dependent upon minerals from war-torn areas of the world
C)   Investors receive superior information that better enables them to hold companies accountable if they engage in socially irresponsible behavior
D)   Investors now will be better able to evaluate the foreign currency risks to which global corporations are subject

Question 19

Rawls was a proponent of:

Accepted Answer

A)   The universality principle
B)   The veil of ignorance
C)   The reversibility principle
D)   Our current system of federal income tax rates B

Question 20

Aristotle believed that:

Accepted Answer

A)   Unequals should be treated equally to ensure a just society
B)   Unequals should be treated differently than equals, with unequals given just basic necessities for survival
C)   Unequals should be treated unequally, with the relative difference in treatment being proportionate to the degree to which members of society are unequal
D)   Unequals should be treated unequally, but fairness dictates that the amount sacrificed by the inferior party should be comparatively modest to ensure a tranquil society

Exam 4: Virtue,justice,and Social Responsibility

Virtue ethics is principally concerned with:

Correct Answer
verified

Virtue ethics requires people to ask the following question of themselves:

Correct Answer
verified
B

Correct Answer
verified

Should corporations be required to disclose in SEC filings their expenditures on improving and maintaining the environment?

Correct Answer
Answered by ExamLex AI
The question of whether corporations sho...
View Answer

Virtue ethics focuses principally on:

Correct Answer
verified

Which of the following is,or are,commonly accepted definitions of CSR?

Correct Answer
verified

What broad categories of acts do you consider to be acts of Corporate Social Responsibility?

Correct Answer
Answered by ExamLex AI
Broad categories of acts that are consid...
View Answer

Virtue ethics focuses on:

Correct Answer
verified

Identify a corporate project that exemplifies corporate social responsibility and explain your rationale.

Correct Answer
Answered by ExamLex AI
One corporate project that exemplifies c...
View Answer

The veil of ignorance illustrates the viewpoint that:

Correct Answer
verified

No society has adopted Rawls' veil of ignorance.Why do you think that Rawls' approach to distributive justice has not been widely adopted?

Correct Answer
Answered by ExamLex AI
Rawls' approach to distributive justice,...
View Answer

Rawls believed that society should strive for:

Correct Answer
verified

Should accounting rules be revised to better account for socially responsible expenditures? Which rules?

Correct Answer
Answered by ExamLex AI
The question of whether accounting rules...
View Answer

Do you believe that societal resource allocations based on Rawls' veil of ignorance should be widely adopted?

Correct Answer
Answered by ExamLex AI
The concept of the veil of ignorance is ...
View Answer

A public opinion poll concluded that rich people tend to favor a lower estate tax on wealth,while poor people tend to favor a higher estate tax.This finding:

Correct Answer
verified

Milton Friedman espoused the view that:

Correct Answer
verified

The disclosure of conflict minerals in SEC filings is historically significant because:

Correct Answer
verified

Rawls was a proponent of:

Correct Answer
verified
B

Aristotle believed that:

Correct Answer
verified

Exam 4: Virtue,justice,and Social Responsibility

Virtue ethics is principally concerned with:

Correct AnswerverifiedShow Answer

Virtue ethics requires people to ask the following question of themselves:

Correct AnswerverifiedB

Correct AnswerverifiedShow Answer

Should corporations be required to disclose in SEC filings their expenditures on improving and maintaining the environment?

Correct AnswerAnswered by ExamLex AIThe question of whether corporations sho...View AnswerShow Answer

Virtue ethics focuses principally on:

Correct AnswerverifiedShow Answer

Which of the following is,or are,commonly accepted definitions of CSR?

Correct AnswerverifiedShow Answer

What broad categories of acts do you consider to be acts of Corporate Social Responsibility?

Correct AnswerAnswered by ExamLex AIBroad categories of acts that are consid...View AnswerShow Answer

Virtue ethics focuses on:

Correct AnswerverifiedShow Answer

Identify a corporate project that exemplifies corporate social responsibility and explain your rationale.

Correct AnswerAnswered by ExamLex AIOne corporate project that exemplifies c...View AnswerShow Answer

The veil of ignorance illustrates the viewpoint that:

Correct AnswerverifiedShow Answer

No society has adopted Rawls' veil of ignorance.Why do you think that Rawls' approach to distributive justice has not been widely adopted?

Correct AnswerAnswered by ExamLex AIRawls' approach to distributive justice,...View AnswerShow Answer

Rawls believed that society should strive for:

Correct AnswerverifiedShow Answer

Should accounting rules be revised to better account for socially responsible expenditures? Which rules?

Correct AnswerAnswered by ExamLex AIThe question of whether accounting rules...View AnswerShow Answer

Do you believe that societal resource allocations based on Rawls' veil of ignorance should be widely adopted?

Correct AnswerAnswered by ExamLex AIThe concept of the veil of ignorance is ...View AnswerShow Answer

A public opinion poll concluded that rich people tend to favor a lower estate tax on wealth,while poor people tend to favor a higher estate tax.This finding:

Correct AnswerverifiedShow Answer

Milton Friedman espoused the view that:

Correct AnswerverifiedShow Answer

The disclosure of conflict minerals in SEC filings is historically significant because:

Correct AnswerverifiedShow Answer

Rawls was a proponent of:

Correct AnswerverifiedB

Aristotle believed that:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
B

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The question of whether corporations sho...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Broad categories of acts that are consid...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
One corporate project that exemplifies c...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Rawls' approach to distributive justice,...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The question of whether accounting rules...
View Answer

Correct Answer
Answered by ExamLex AI
The concept of the veil of ignorance is ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
B

Correct Answer
verified