Organisation and Society Course Quiz

The Paretian principle rejects redistributions that make anyone worse off, unlike utilitarianism which focuses on maximizing overall utility.

Deontological ethics emphasizes duties, rational principles, and universal moral rules like fairness and respect for human dignity.

Moral rules serve as necessary constraints that protect property rights and promote fair competition, which are essential for efficient market functioning.

<p>Deontological ethics advocate for norms that address market externalities, inequality, and exploitation, promoting fairness in economic interactions.</p> Signup and view all the answers

<p>Deontological principles can enhance positive freedom by ensuring fairer resource distribution and improving social welfare.</p> Signup and view all the answers

<p>Critiques focus on the perceived incompatibility of deontological ethics with economic outcomes, questioning whether moral duties can align with market efficiency.</p> Signup and view all the answers

<p>Historical examples of successful economies that implemented redistributive policies demonstrate reduced negative externalities and increased long-term productivity.</p> Signup and view all the answers

<p>Normative requirements, such as rights and moral rules, are crucial to ensure fairness and protect individuals in market transactions.</p> Signup and view all the answers

<p>Policies and operating practices that enhance a company's competitiveness while advancing the economic and social conditions of the communities it operates in.</p> Signup and view all the answers

<ol> <li>Reconceiving products and markets, 2. Redefining productivity in the value chain, 3. Enabling local cluster development.</li> </ol> Signup and view all the answers

<p>Shared value invites companies to target social problems as strategic business opportunities, rather than viewing them solely as ethical or political responsibilities.</p> Signup and view all the answers

<p>They articulate a role for governments to construct regulations that enhance shared value, set goals, and stimulate innovation.</p> Signup and view all the answers

<p>The elevation of social goals to a strategic level within corporate decision-making.</p> Signup and view all the answers

<p>They provide a holistic framework encompassing non-market strategy, social entrepreneurship, social innovation, and the bottom of the pyramid.</p> Signup and view all the answers

<p>CSV is based on false pretenses regarding the existing CSR debate.</p> Signup and view all the answers

<p>CSV encourages corporations to view social problems as serious targets for genuine business decisions with strategic importance.</p> Signup and view all the answers

<p>They propose that CSR can be a source of opportunity, innovation, and competitive advantage.</p> Signup and view all the answers

<p>Corporate philanthropy refers to firms making profits while also giving back to society through social and environmental initiatives.</p> Signup and view all the answers

<p>One criticism is that it lacks a connection to the firm's core business practices, allowing responsible and irresponsible conduct to occur simultaneously.</p> Signup and view all the answers

<p>They assert that their ideas on simultaneous value creation for multiple stakeholders have been previously explored in existing literature.</p> Signup and view all the answers

<p>CSV inadequately deals with the trade-offs between economic and social value creation and the negative impacts on stakeholders.</p> Signup and view all the answers

<p>CSR acts as reputational risk management by minimizing potential reputational and financial risks through corporate social activities aimed at secondary stakeholders.</p> Signup and view all the answers

<p>Critics argue that CSR activities focus on preventing bad practices rather than contributing positively to society.</p> Signup and view all the answers

<p>CSV's focus on designing products good for customers can lead companies to produce products that lack true social benefit.</p> Signup and view all the answers

<p>CSV overlooks the difficulties in assuring social and environmental value through global supply chains.</p> Signup and view all the answers

<p>The current trend is the use of Environmental, Social, and Governance (ESG) risk management, with 88 percent of professional investors using ESG ratings in their processes.</p> Signup and view all the answers

<p>There is no uniform definition of ESG or how to assess ESG performance, leading to high variance in the quality and effectiveness of ratings.</p> Signup and view all the answers

<p>They display an optimistic view about businesses' willingness to adhere to external norms, including laws and regulations.</p> Signup and view all the answers

<p>Studies indicate there is a link between CSP and CFP, suggesting that effective CSR practices can lead to improved financial performance.</p> Signup and view all the answers

<p>Income distribution from cluster development may exacerbate local inequalities, leading to migration and dependency issues.</p> Signup and view all the answers

<p>Technical CSR activities target a firm's trading partners and do not possess the same insurance-like effects as institutional CSR activities.</p> Signup and view all the answers

<p>CSV simplifies complex issues, risking misrepresentation of relevant investments and outcomes.</p> Signup and view all the answers

<p>Deontological ethics constrains behavior to enhance freedom, supporting market competition and promoting redistribution for social justice.</p> Signup and view all the answers

<p>The Brent Spar case shows that Shell's decision to sink the oil platform, despite criticism, effectively integrated good intentions with reputation management and environmental concerns, leading to a sound solution.</p> Signup and view all the answers

<p>Deontological ethics cannot address all moral dilemmas and struggles to resolve conflicts between competing moral rules.</p> Signup and view all the answers

<p>Critics argue that while virtue ethics is suited for close-knit communities, virtues can still thrive in larger, anonymous settings through trustworthiness and a strong reputation.</p> Signup and view all the answers

<p>Virtue ethics suggests that economic practices are inherently ethical and shaped by contextual morality, emphasizing shared values over mere profit.</p> Signup and view all the answers

<p>Virtue ethics focuses on moral character and the context of situations rather than adhering to universal moral rules.</p> Signup and view all the answers

<p>Trust and reputation are crucial social mechanisms that facilitate cooperation and reduce transaction costs, enhancing the ethical framework of economic practices.</p> Signup and view all the answers

<p>Nussbaum emphasizes that emotions are crucial for ethical reasoning and acknowledge human vulnerability.</p> Signup and view all the answers

<p>The 'good' is pursued for its own sake, achieved through balance between excess and deficiency.</p> Signup and view all the answers

<p>Virtue ethics prioritizes intrinsic motivation because it fosters ethical responsibility and commitment, while extrinsic motivation can erode moral integrity and productivity.</p> Signup and view all the answers

<p>Virtue ethics seeks balance by warning against excessive focus on external rewards, which can lead to unethical behavior, while also recognizing the necessity of external needs for sustainability.</p> Signup and view all the answers

<p>Virtue ethics acknowledges that human beings often fail to achieve virtue due to indecisiveness or self-deception.</p> Signup and view all the answers

<p>Virtue ethics was originally designed for individuals and is based on privileged communities, making adaptation to diverse societal structures difficult.</p> Signup and view all the answers

<p>Virtue ethics views economic behavior as a cooperative effort aimed at creating value, motivated by shared ethical values rather than merely seeking profits.</p> Signup and view all the answers

<p>Virtue ethics acknowledges that good intentions do not guarantee positive outcomes.</p> Signup and view all the answers

<p>Virtue ethics connects ethical motivations with practical realities by recognizing that economic practices are influenced by factors like scarcity and uncertainty.</p> Signup and view all the answers