Discuss the Iron Law of Responsibility

BUS 599: Strategic Management Exam

Question 1
Which of the following IS NOT an argument in favor of corporate social responsibility?
(a) Imposes unequal costs among competitors.
(b) Responds to changing stakeholders’ demands.
(c) Corrects social problems caused by business.
(d) Discourages government regulation.
Question 2
The ethical roots of the classical model of corporate social responsibility are found in which statement?
(a) The idea that the interests of stakeholders are as important as the interests of a corporation’s stockholders.
(b) The free market theory which holds that managers are ethically obliged to make as much money as possible for their.
(c) The ethical imperative to cause no harm.
(d) The ethical imperative to prevent harm.
Question 4
Which one of the following propositions correctly describes the concept of a right?
(a) Rights protect a person’s wants.
(b) There is really no distinction between a person’s wants and interests. Rights protect both.
(c) Rights protect a person’s interests.
(d) My rights never correspond to your duties and your duties never correspond to my rights.

Question 5
Human rights are:
(a) The standards of treatment to which all people are entitled.
(b)  Can safely be ignored by international companies.
(c) Defined in the united Nations Global Compact.
(d) Of no interest to customers of international companies.
Question 6
Which statement characterizes the moral reasoning typically found in a child?
(a) When in ROME, do as the Romans do.
(b) I’II scratch your back, if you’II scratch mine.
(c) Seek the greatest good for the greatest number.
(d) Respect the rights of others.

Question 7
The Iron Law of Responsibility says that:

(a) In the long run, those who do not use power responsibly will lose it.
(b) In the short run, sacrifice social goals for economic goals.
(c) Law is most important, more than social or economic responsibility.
(d) In the long run, economic responsibility leads to social responsibility.
Question 8