79. Which of the following statements is true about the Friedman doctrine?
80. Cadmium Technologies Inc. believes that the sole purpose of its existence is to maximize
profits for its stockholders. The firm has often been criticized for not engaging in any social
investments. However, the firm has been appreciated for abiding by the laws while earning
profits. According to this information, which of the following approaches to ethics is most likely
being adopted by Cadmium Technologies?
81. _____ advocates that ethics are culturally determined and that firms should adopt the
ethics of the cultures in which they operate.
82. Which of the following straw men approaches to business ethics is best summarized by
the maxim “When in Rome, do as the Romans?”
83. _____ implicitly rejects the idea that universal notions of morality transcend different
cultures.
84. Green Quantum Inc. has research and production units all across the globe. The company
expects its expatriate managers to adopt the ethics propagated by the culture in which they
operate their respective units. Even in situations when others consider certain actions as
unethical, the company allows its managers to pursue such actions if they are permitted in the
host nation. Green Quantum is most likely following:
85. Neon Synergy Inc. operates in three different countries, and is headed by a CEO who
believes that best approach to ethics is cultural relativism. In this context, which of the following
statements is most likely to be true regarding Neon Synergy?
86. Three Torque Inc., a U.S. based multinational company, allows its managers to
make facilitating payments in its home country to expedite government formalities. However, in
countries where such payments are considered as unethical, the company restricts its managers
from indulging in such activities. This behavior of the company illustrates the straw man
approach of:
87. A righteous moralist is most likely to claim that:
88. The straw man approach of righteous moralism is typically associated with managers
from:
89. Jonathan is the manager of his company’s facilities in the Philippines. He believes in
ensuring the exact same standards of working conditions, wages, and labor management in the
Philippines as practiced by the company’s corporate office in its home country, the United States.
This policy of Jonathan does not always lead to profits because of the vast cultural differences
between the two nations. Which of the following straw men approaches to ethics is most likely
being adopted by Jonathan?
90. Silver Meteorite Inc. is a multinational company whose home country, Palumbia Republic,
considers grease payments as both illegal and unethical. Hence, the company has a zero-
tolerance approach toward grease payments irrespective of any of its host nations’ perspectives
toward such payments. In this context, Silver Meteorite Inc. is following the _____ approach to
ethics.
91. Maverick Stars Inc., a U.S. based multinational company, applies its home-country
standards of employment and production in its manufacturing facilities located in some less–
developed host nations. In this context, the company is most likely to be criticized for:
92. A multinational corporation that adopts naive immoralist approach to ethics will most
likely:
93. An American manager of a multinational company who is working in one of the
company’s production plants located in the country of Cadmia, employs child labor at the
manufacturing unit he is in charge of. On being criticized as unethical, the manager argues that
such actions are ethically defensible because everyone in Cadmia is doing it. Which of the
following straw men approaches to ethics is most likely demonstrated by the manager?
94. Which of the following statements is true about the utilitarian approach to business
ethics?
95. The utilitarian philosophy for business ethics primarily focuses on:
96. The _____ approach to ethics holds that an action is judged desirable if it leads to the
best possible balance of good consequences over bad consequences.
97. The best decisions, from a utilitarian perspective, are those that:
98. Adoption of which of the following ethical approaches is most likely to cause a company
to use tools such as cost–benefit analysis and risk assessment to weigh all of the social benefits
and costs of a business action?