Ethics test 2 Study Guide

Ethics test 2 Study Guide - 1) It is generally accepted...

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1) It is generally accepted that corporations are morally responsible entities. However, this view is not universal. What arguments are made in favor of the view that corporations are moral entities? What arguments are made against the moral view of corporations? Some arguments made in favor of the view that corporations are moral entities are, corporations can be seen as having moral obligations and can be blamed for failing to meet those obligations. They can be punished for the decision they make and the policies that they take. Two professors argued that there is no reason why a corporation cannot show the same kind of rationality and respect for people like human beings can. A corporation can be a moral agent if moral reasons enter into its decision making. The argument made against the moral view of corporations is that corporations are not human beings. Some philosophers claim that it is a mistake to see a corporation as being morally responsible or expecting it to display moral characteristics such as honesty, considerateness, and sympathy. Only the employees within a corporation can act morally or immorally and only they can be held responsible for what the corporation does. Also, some argue that only corporate members can be held morally responsible, not the corporation itself. 2) What is the narrow view of corporate responsibility? What is the broader view of corporate responsibility? Describe each view in detail. The narrow view of corporate responsibility is argued that businesses have no social responsibilities other than to maximize profits. There is only one social responsibility of business which is to use its resources and engage in activities designed to increase its profits without deception or fraud. By playing the rules of the game promote free and open competition. Another responsibility they have is to make as much money as possible for their stockholders. Businesses want to create a long-range benefit of the nature of a free economy. They also want to follow the “invisible hand” approach by avoiding anything that will diminish its
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This note was uploaded on 04/20/2008 for the course PHL 203` taught by Professor Deere during the Spring '08 term at Salem State.

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Ethics test 2 Study Guide - 1) It is generally accepted...

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