12
Chapter Twelve
SHORT ANSWER
1. Under social contract theory, original contracts act as __________ when they assess
the possible agreements that they could strike.
2. Economic ethics is the analysis of __________ as they pertain to business.
3. The division of moral labor is between __________ and __________.
4. __________ is the theory of what morality is required in a world that is unable to
obtain perfect morality.
agency was developed by __________.
ESSAY
1. Applying social contract theory to Guidant, determine whether the company acted
morally.
2. Explain how social contract theory can illuminate the conflict between shareholders
3. Using the Time, Inc. example in your book, discuss whether journalistic ethics should
be applied to corporations.
4. Describe the role cultural relativism plays in social contract theory.
5. Design an argument either for or against deception as self-defense in business.