IBEM 3012 Business Ethics — Weeks 1 & 2

20 cards

• 1) A firm follows the law but ignores avoidable harm to workers. Which Week 1 point applies? A. Legal = ethical B. Legal ≠ always ethical C. Profit = ethics D. Philanthropy removes harm
• 2) Management says its only social duty is to increase profits for shareholders within society's rules. Which view? A. Integration B. Stakeholder theory C. Separation thesis D. Triple Bottom Line
• 3) A retailer considers effects on employees, customers, suppliers and communities as well as profit. Which view? A. Separation B. Integration C. Egoism D. Philanthropy
• 4) Which definition best matches Freeman's stakeholder concept? A. Anyone who owns shares B. Anyone employed by the firm C. Anyone who can affect or is affected by the firm D. Only customers and workers
• 5) A local community successfully blocks a store expansion. How is it best classified? A. Affected stakeholder only B. Influential stakeholder C. Shareholder D. Non-stakeholder

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