Which of the following is true of the primary stakeholders of a firm?
A) They do not have bargaining power over the firm at their disposal.
B) They are not vital to the survival of the company.
C) They have an economic claim on a firm.
D) They only exist in for-profit organizations.
E) They cannot influence the moral decisions of an organization.
Question 2Which of the following entities is a non-market stakeholder for an automobile company?
A) the contract employees of the firm
B) the firm's raw material suppliers
C) the government department regulating the industry
D) owners of car dealerships
E) the firm's stockholders
Question 3A social contract is different from a business contract because a social contract is a ________.
A) written set of general social expectations accepted by the citizens
B) foundation for deciding what is right and wrong behavior
C) collection of legally binding rules that constrain the behavior of the people
D) collection of rules that are contradictory to the minimum requirements of the law
E) condition of limited freedom provided to a particular state
Question 4________ refers to the satisfaction that a person derives, or goals achieved, by making choices on how to spend time and money.
A) Usury
B) Utility
C) Egoism
D) Relativism
E) Altruism
Question 5Which of the following is true about egoism?
A) It is the God-given ability to reason that gives humans their true worth.
B) It is the belief that deciding what is right and wrong can be accomplished by considering the culture in which the action will take place.
C) It is the approach to deciding what is right and wrong only in terms of selfish self-interest.
D) It is an approach to decision making that holds that an action is moral if it produces the greatest amount of good for everyone involved.
E) It is the ideal that humans acting morally will never take action that would harm the least advantaged person or group.
Question 6________ refers to the belief that determining what is right and wrong can be accomplished only when considering the culture or group in which the action will take place.
A) Altruism
B) Moral relativism
C) Egoism
D) Utilitarianism
E) Elitism
Question 7Beth is an American student on a student exchange to a third world country. There, she was initially shocked by the secondary place of women in society, but eventually comes to accept it as an essential part of that particular culture.
Beth's attitude can be described as ________.
A) utilitarianism
B) moral relativism
C) altruism
D) egoism
E) universalism
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