A+ Answers of the following Questions

Question 1
Lea, a vice-president of International Pharmaceuticals, Inc., does not apply Utilitarianism to business moral issues. One major problem with this ethical theory is that it
Advocates social change through violent revolution when people are not treated justly
Forces the individual to conform to the norms of society as to what it means to be socially responsible
Justifies human costs that some may find morally unacceptable
Promotes utopian societies such as Plato's conception of the Just State.

Question 2
How would the Sophists best treat the value of social responsibility?
Ignore it since nothing is real anyway.
Adhere to it since God commands it as in the parable of the Good Samaritan.
Use it instrumentally as a tool to empower yourself and your company.
Adhere to it since it is an intrinsic moral truth to help others.

Question 3
Social responsibility theories:
Are generally classified as modern ethical versions of Utilitarianism
Determine the moral worth of an action regardless of their consequences
Are largely precise legalistic formulations
Classify corporate social responsibility as typically the corporation engaging in community and civic affairs in a prudent manner.

Question 1
Nobel Prize winner Professor Emeritus Milton Friedman would favor a corporate code of conduct that would:
Maximize profits at all costs.
Maximize profits based on open and free competition.
Maximize profits as long as the corporation "plays within the rules" without fraud, deception, or other illegality.
B and C only.

Question 2
The doctrine that holds that business has an obligation to generally do good charitable deeds for society is:
Moral minimum
Maximizing profits
Social responsibility
Corporate legal status.

Question 3
Social responsibility can be best described as:
Acting legally
Acting morally
Taking an active part in one's community affairs and contributing to charities

Question 1
Regarding the degree of social responsibility that one's firm should engage in, Aristotle would advise to:
Take a Ben and Jerry's "people and planet over profits" and "save the world" approach.
Take a socially non-responsive approach since there are no adverse legal ramifications for not helping out in the community.
Take a prudent "middle road" approach.
Take a "Chainsaw Al" Dunlop scornfully dismissive approach and be socially irresponsible, and be proud of it.

Question 2
Being socially responsible legally requires a company to adhere to:
Kantian ethics
Moral Saint status
Business Hero status
None of the above.

Question 3
The giant multi-national pharmaceutical companies could be held accountable on what grounds if they do not give AIDS drugs or sell them at cost to very poor African countries:
Legal pursuant to the principle of Nonfeasance
Moral pursuant to the Principle of Last Resort
Social Responsibility based on current notions of CSR
B and C.

Question 4
Chainsaw Charlie is the CEO of a big, successful corporate employer with a major presence in the community. The company pays its taxes and obeys the law. Charlie is asked by community leaders to get his company involved in some charitable and civic activities in the community. Chainsaw Charlie's haughty and mocking response is: "Screw the museum! We pay our taxes, so let the government take care of the poor, the homeless, and the hungry. That's not our job. But feel free to give you own money. Ha!" Chainsaw Charlie is acting:
a. In a socially irresponsible manner based on modern day notions and societal expectations of "corporate social responsibility."
b. Legally since there generally is no legal obligation for business to help charities and get involved in civic affairs.
c. Immorally pursuant to Ethical Egoism if by being socially responsible in a prudent, smart, shrewd, and strategic manner would help and benefit Charlie and his company in the long-term.
d. All of the above.

Question:

Consider the formula used for any confidence interval and the elements included in that formula. What happens to the confidence interval if you (a) increase the confidence level, (b) increase the sample size, or (c) increase the margin of error? Only consider one of these changes at a time. Explain your with words and by referencing the formula.

1) An understanding of total-life-cycle costs can lead to:
A) additional costs during the manufacturing cycle.
B) less need for the evaluation of opportunity costs.
C) cost effective product designs that are easier to service.
D) mutually beneficial relationships between buyers and sellers.
 

2) The stage of the research development and engineering cycle in which the technical aspects of products and services are developed is the:
A) service phase.
B) market research stage.
C) product development stage.
D) product design stage.

3) Traditional costing begins with:
A) the research development and engineering cycle.
B) marketing research.
C) target costing.
D) product specification.