1. Commercial Products Company (CPC) markets its products nationwide. When making a decision, CPC should, in order to be a socially responsible firm, take into account the needs of
Consumers and employees
Owners and shareholders
Society and community
All of the above

2. Which of the following is a correct statement regarding the definition of the term "social responsibility" in a business context?
A socially responsible business person believes that the formal legal law is inferior to universal moral and ethical principles that can be determined by intuition.
Social responsibility is the branch of philosophy that focuses on morally right and wrong behavior.
Social responsibility is based on current societal views as to how and the extent a business should contribute to charities and civic organizations and be involved in helping the community.
A business cannot adhere to social responsibility principles and the doctrine of ethical egoism since both are always mutually exclusive.

3. 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.

4. The term "corporate social responsibility" is today best defined in the U.S. by:
 Federal statutory incorporation law.
 Securities and Exchange Commission (SEC) Rule 10b(5)
 Kant's ethical writings condemning the corporate form of business for being selfish, greedy, and immoral
Current definitions in business of the term which indicate that a company should be socially responsible and thus contribute to charities and civic organizations, but in a prudent and smart manner.

    • 6 years ago
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