Feddersen, T. J., & Gilligan, T. W. (2001). Collective strategies in fighting corruption: Some intuitions and counter intuitions. T or F? Concerns of the ethical consumer. D. the right to be a co-owner of partnership property with no interest in partnership property which can be transferred, either voluntarily or involuntarily. B. (2007). Moral intention is defined as follows: The commitment or motivation to act according to our moral judgement True or False, Business loss of sales is a direct cost impact from fraudulent and employee theft incidents far outweigh the government fines or class action lawsuits that can be filed against them True or False, Ethical behavior is an action that is not actually supported by moral standards. Utilitarianism focuses on the circumstances that an individual faces. Per our reading content, the first level of moral character is our level of, Per our reading content, the fourth element of moral character is a person's, knowledge about themselves as a moral actor, Per our reading content, Moral Willpower is the motivation to act in, accordance with our current moral value system, Per our reading material, the sixth element of moral character is moral, As defined by our reading content, issue intensity is the degree to which, consequences, social norms, proximity, or deontological/fairness considerations affect the. 0 If Alfredo, a small business owner, engages in cost benefit thinking, he will generally only focus on the benefits and problems his business will face as the result of a decision he makes. Definition and Use With Contracts, IOU: What It Is, How It Works, and Examples. Andriof, J., & McIntosh, M. (2001). Economy and Society, Academia.edu no longer supports Internet Explorer. When services or goods are not gratuitously provided to one party, the receiver is expected to offer consideration. 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine, An implied contract is a legally-binding obligation that derives from actions, conduct, or circumstances of one or more parties in an agreement. Outsourcing regulation: Analyzing nongovernmental systems of labor standards and monitoring. (1999). Law consists of values that govern a society's attitudes towards right and wrong. Question 11 options: True False Question 12 (0.5 points) Saved Per our reading material, consumers have an implied social contract with corporations that does not include the right to be compensated Question 12 options: True False Question 13 (0.5 points) Saved Kohlberg did not research stages of moral development. While it is no secret that businesses must follow laws and regulations, they also must meet implicit non-legal expectations. He holds a Master of Business Administration degree. 10(1), 745. The impact of corporate social responsibility on buying behavior. Mia works as an assistant in a pharmacy. <]>> Berger, I. E., & Kanetkar, V. (1995). T or F? The decisions of corporate managers must always be narrowly focused on the profits of the shareholders. Merriam-Webster (2014). Please refer to the attachment to answer this question. Neither are formed orally or in writing. A partnership consists of an association of two or more "persons," one of which cannot be another partnership. 35, p. 1010). This research documents consumers' potential to monitor corporations' License to Operate through their consumption responses to corporate social responsibility failures. Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behavior, Week 7 Quiz Assessment - MGMT314 B005 Summer 2021 - APEI.pdf, The three most important precursors of ethical behavior are the individuals, the company, and the management in place True or False, Ethical behavior is an action that is not actually supported by moral standards. Buske, L. (2014). Tax calculation will be finalised during checkout. Leading Organic Brand, Horizon, Blasted for Betraying Organics. Taneja, S. S., Taneja, P. K., & Gupta, R. K. (2011). not be considered as an impediment to ethical behavior. Contractual moralists, such as Bowie and Donaldson, have argued that contractual agreement explains why corporations have a moral obligation towards the society in which they operate. Both depend on an outside source for their understanding of law, morality, and rights. New York: Palgrave. including formal elements, that contribute to an organizations ethical effectiveness. (2008). Does corporate social responsibility influence firm performance of Indian companies? Stern, P. C. (2000). Maigan, I., & Ferrell, O. C. (2006). Shen, J., Sakata, Y., & Hashimoto, Y. _______________ doctrine places the responsibility of product safety on corporations. 0000015857 00000 n On the perpetuation of ignorance: System dependence, system justification, and the motivated avoidance of sociopolitical information. Fill in the blank with an appropriate word, phrase, or symbol(s). CSR implementation: Developing the capacity for collective action. T or F? Explaining the limited effectiveness of legalistic Remedies for trust/distrust. 14(2), 205215. True B. Sheffield: Greenleaf. What is the role of the judicial branch of government in protecting the rights of individuals? T or F? Barricades and boardroom: A contemporary history of the corporate accountability movement. Alnder, M. S. (2011). Electronic Green Journal, An implied contract is created by the actions, behavior, or circumstances of the people involved. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School for Social Research and Doctor of Philosophy in English literature from NYU. In the Opening Case, PNC Bank vs. Michael Farinacci, the main issue was whether the defendants be held jointly liable under the old law (UPA) or jointly and severally liable under the new law (RUPA). To answer the call for more involvement in the local community, businesses can draw on social contract theory to interact with society. (1991). They. Cristel Antonia Russell. ", According to _________, whether an action is moral or not depends on the ultimate effects of that action. 5(2), 173186. Saints and markets: activists and the supply of credence goods. Organization Science, Olson, M, Jr. (1965). Indeed, prior researchers have been in agree-ment that when marketers collect information from consumers without their awareness, an implied social con-tract is breached (Culnan 1995; Milne and Gordon 1993; 0000027400 00000 n Journal of Business Ethics, In the context of the firm-consumer relationship, CSR is often described as relating to the social contract between business and the society in which it operates (e.g., Dunfee et al. In a sole proprietorship, the owner may keep all the profits. Implied-in-law was created to prevent one or more parties from being unfairly enriched by another. Per our reading material, most ethical decision-making theoretical models conclude that moral, Per our reading material, obedience to authority relates to the rationalization that each employee. American boycotts in response to rising food prices: Housewives protests at the grassroots level. False Answer Key: False Question 13 of 20 0.5 Points Kohlberg did not research stages of moral development. RUPA considers a partnership to be an entity in relation to liability. True B. Behles, D. (2011). Political virtue and shopping: Individuals, consumerism, and collective action. Business Ethics Quarterly, Psychology and Marketing, ), Perspectives on corporate citizenship (pp. An implied-in-fact contract is created by the circumstances and behavior of the parties involved. The Futurist, (2004). How many rights does a consumer have under the Consumer Protection Act, Business Ethics and Corporate Social Responsibility. (2011). 51(1), 4458. Implied-in-fact assume that parties understand the terms of the agreement and what actions must be taken. Windsor, D. (2001). T or F? 0000004109 00000 n Here, Sandel is most likely critiquing which ethical theory? Under the RUPA entity theory, a partner has the right to sue to see the partnership's records. Guilford, CT: Dushkin/McGraw-Hill. Journal of Business Ethics, Petkoski, D., Warren, D. E., & Laufer, W. S. (2009). Ethical consumption: A critical introduction. is solely responsible for his or her decisions. B. The doctor is entitled to send a bill to the diner, and the diner is obligated to pay it. Sitkin, S. B., & Roth, N. L. (1993). 13(2), 259271. Why we boycott: Consumer motivations for boycott participation. All rights reserved. tbQZ#;p3oX=x;F^N^0T?4v@uudG#Q[Hzy'!D'{w!Nu@0PHZy8"fo-k2 `JNG~'sl\|GYO 68(3), 92109. Jackie's interest in the partnership property cannot be assigned. Marketing strategies for the ethics era. Information, Communication & Society, 13(8),11461171. What is the current value of the annuity? Sustainability Survey: Global Warming Cools off as Top Concern. This type of contract ensures that someone for whom services were provided is not unjustly enriched by the performance of another. deontological/fairness considerations affect the moral imperative in a situation. The Health Wyze Report, Retrieved July 12, 2014 http://healthwyze.org/index.php/component/content/article/492-please-join-the-horizon-milk-boycott-and-horizons-dirty-little-tricks.html. 6, 407424. 84, 103114. Susan and Stanley are in a partnership called Easy Partnership. Journal of Marketing, Susan purchases a truck with her personal funds with title to the truck naming Easy Partnership. Gereffi, G., Garcia-Johnson R. & Sasser, E. (2001). Fishman, C. (2012). 79, 445467. Under the RUPA, who owns the $10,000? You can think of these structures as internal laws for the business. 2011) and such activities have . An important concept of the social theory contract in business is follow-through, or making sure that the business is holding up its end of the bargain and not just paying lip service to the community. In order to promote a dialogue between the various interested groups as much as possible, papers are presented in a style relatively free of specialist jargon. Boston, MA: Harvard Business School Press. J Bus Ethics 136, 759773 (2016). Thomas invests $10,000 in the Thomas and Trudy partnership named Tremendous Enterprise. xb```f``zqX 28, 399417. For example, the implied warranty is a type of implied contract. For terms and use, please refer to our Terms and Conditions CalLaw (2008). Martin Luther King, Jr. refused to obey the injunction in Birmingham in the early 1960s that prohibited King from speaking publicly merely because he was black. Sen, S., & Bhattacharya, C. B. Per our reading material, consumers have an implied social contract with corporations that does. two reasons a company's strategy should be ethical 1. because a strategy that is unethical is morally wrong and reflect badly on the character of the company and its personnel 2. because an ethical strategy can be good business and serve the self-interest of shareholders Corporate social responsibility Toward a coherent theory on environmentally significant behavior. T or F? 0000000676 00000 n 199203). In the "opening case", the text notes that the FCC's new "net neutrality" regulations give "fast lane service" to internet service providers are an example of the ongoing corruption America based on neoliberal market value ethical models. Dawkins, J., & Lewis, S. (2003). Pohle, G., & Hittner, J. Arian is a sole proprietor and owes a number of business creditors. Strengthening stakeholdercompany relationships through mutually beneficial corporate social responsibility initiatives. The Journal of Consumer Affairs, is the . ), Business Ethics (pp. 742). Article Journal of Economics & Management Strategy, 0000002579 00000 n Is it possible for a partnership to be a partner? The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid. 49(5), 3745. Environmental consciousness: An empirical study. T or F? Some people believe that if we live according to a social contract, we can live morally by our own choice and not because a divine being requires it. Bennett, A., & Chakravarti, A. For example, a teenager offers to walk a neighbor's dog and is rewarded with two movie tickets. Hollenbeck, C. R., & Zinkhan, G. M. (2010). Journal of Business Ethics, form of an implied social contract) of the receiving organi-zation to collect and care for such information in a respon-sible manner. Environmental governance in the 21st century. This item is part of a JSTOR Collection. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. A. - 67.217.59.215. When a product is purchased, it must be capable of fulfilling its function. Corporate governance is therefore important for keeping corporate philanthropy, CSR and the overall social contract theory at the forefront of a business' strategy plan. The theory of the ______ says that right and wrong have no intrinsic value, but instead are determined by circumstance, situation, or even personal preference. The traditional legal view held that corporate managers could not be sued for making a decision that hurt the corporation's profits. Google Scholar. This question was created from WEEK 7 QUIZ.docx. 71(2), 1225. Cyber-protest and civil society: The Internet and action repertoires in social movements. Social Science Research Network, http://ssrn.com/abstract=361400. If samantha believes that the primary way to judge whether an action is right or wrong is to use quantification as the primary tool for determining value, she would believe in: If the only question a corporate manager asks before she takes an action is whether the benefit to the shareholders will outweigh the cost to the corporation, she would most likely be using a(n) _________ ethical model. Journal of Marketing, On the contrary, an implied-in-law contract is not formed by intent. Journal of Marketing Research, There are two forms of implied contract, called implied-in-fact and implied-in-law contracts. Weaver, G. R., Trevio, L. K., & Cochran, P. L. (1999). 2023 Springer Nature Switzerland AG. Political Studies, there are no objective or absolute standards or right and wrong, According to neoliberalism, or ethical relativism, ________ consists of rules of conduct established by the government of a society to maintain harmony, stability, and justice. Overpromising on sustainable innovative technology resulted in unethical behaviour, deceit, and failure to meet promised standards. T or F? This is a preview of subscription content, access via your institution. 21(3), 203217. Programme Paper, Number 13. 40, 12291239. The implied contract, on the other hand, is assumed to exist, but no written or verbal confirmation is necessary. Learn more about Institutional subscriptions. The Titanic Partnership's loan from Big Bank is structured so that payments on the loan are made out of profits and the amounts of the payments vary according to profitability. We consider to what extent societal disapproval was evident in the stock market reaction to these events. Corporate governance dictates the standards to which a company holds itself and the punishments that detractors from the standards incur. 25(1), 126142. Click the card to flip . T or F? International Journal of Research in Marketing, The four faces of corporate citizenship. Speculative philosophy as well as reports of empirical research are welcomed. This argument, referred to as ____________, is based on the notion that socially responsible corporations benefit by creating ____________ for themselves, thus motivating consumers to purchase their products, investors to buy their stock, and lawmakers to grant them further legal advantages. If anthony is concerned only with corporate benefits and problems, rather than the benefits and problems that will result for others outside the boardroom, he most likely believes in: If George believes in a "state of nature", where people must fend for themselves rather than give up the freedom to do as they please, and in return receive a guarantee that other individuals will curb their behavior, he would most likely be reject the _______ ethical theory, states that to live harmoniously, people must give up certain rights and freedoms. If a customer enters a restaurant and orders food, for example, an implied contract is created. Washington, DC: Carnegie Endowment for International Peace. Business Ethics Quarterly, Mark Kasky v. Nike, Inc. Retrieved August 11, 2011 from http://www.law.com/regionals/ca/opinions/may/s087859.shtml. T or F? Take both Arian's business and personal assets. Environment, But on the last occasion, the neighbor simply fails to produce the movie tickets. Russell, C.A., Russell, D.W. & Honea, H. Corporate Social Responsibility Failures: How do Consumers Respond to Corporate Violations of Implied Social Contracts?. 42(5), 539552. (2008). Ties that Bind. The following must be present to establish an implied-in-fact contract: The other type of unwritten contract, the implied-in-law contract, can also be called a quasi-contract. You can download the paper by clicking the button above. 102(2), 264280. 40(4), 640671. Aubin, D. (2011). Is the nations greenest utility green enough? Implied-in-law requires no intent from parties to enter an agreement. (2003). and the second ability is .. Louisville, KY: Westminster John Knox Press. Corriher, T. C. (2010). Kozinets, R. V., & Handelman, J. M. (2004). 32(1), 319. Donaldson, T., & Dunfee, T. W. (1999). (2006). A partnership is the easiest business organization to form. C. Corporate social responsibility is based on the premise that it is unethical for corporations to earn profits for themselves. Limited partners receive a return on their investment, while risking only that original investment. IOU is a phonetic version of the words "I owe you." T or F? (2008). Matrix corporation's board of directors decides not to oursource its US jobs to china, even though it would cut labor costs by 50 percent. Book Corporate reputation: Does being ethical pay? The severity of the reaction to unethical misuse of environmental credentials should encourage maintaining promised environmental performances as a macromarketing strategy. Boulder says no. In J. E. Richardson (Ed. An implied-in-fact contract may also be created by the past conduct of the people involved. Sen, S., Gurhan-Canli, Z., & Morwitz, V. (2001). We sampled 41 announcements (1984 to 2016) and observed a mean stock market reaction of -1.01%. Doing Good: Business and The Sustainability Challenge. T or F? The political roots of corporate social responsibility. Price excludes VAT (USA) Detomasi, D. A. Academy of Management Review, A five-year annuity of ten $7,100 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. Under the UPA aggregate theory, a partnership exists as an individual person with its own separate identity. An experiment conducted with a large sample of consumers in the United States shows that consumers respond differently to a companys failure in its social responsibilities depending on whether the violated standard is a government mandate or a voluntary commitment and depending on the consumers own environmental consciousness. ), Ethical consumption (pp. Biehal, G. J., & Sheinin, D. A. False - should be morals. 187191). Bachelor of Business Administration (BBA), Business Ethics and Corporate Social Responsibility (BECSR). T or F? A(r)=(1r2)2+kr21. Suppose the discount rate is 8% compounded monthly, what is the value of this annuity five years from now? The __ management function involves identifying & arranging the work and resources needed to achieve the goals that have been set. T or F? Can Charlotte leave the AMLAP partnership? B. Corporate social performance revisited. T or F? A real estate contract is an express contract that must be formed in writing to be executable. Marketings consequences: Stakeholder marketing and supply chain corporate social responsibility issues. 18(1), 5572. 38 Cardozo Arts & Entertainment Law Journal, S.M.Baker, D.Westbrook (Eds). the law exercises the power of _____ to confiscate privately owned land for community purposes, liable to the shareholders, unless they can prove their decision not to outsource was made with the shareholders' profits interest above all other interests. Some argue that ____________ is actually in the long-term best interests of the corporation. 101(3), 343364. The study found that 84 percent of corporate executives and small business owners believe society as a whole expects corporations to take an active role in social, political and environmental issues. 30(12), 10291042. Chapter Environment and Behavior, UNRISD Technology, Business and Society. 33(3), 2833. ISMD/Macromarketing Society Joint Conference Proceedings. It is a legally binding contract that neither party had the intention of creating. Normal contract rules, such as mutual agreement, an offer, and acceptance, are not required for implied-in-law contracts. Jean and Bert enter into a written agreement to establish their partnership. 55, 919954. New York: Free Press. Joe believes that there are absolute standards of right and wrong. What is Jackie's legal position with regard to the mortgage under UPA? Contractarian business ethics: Current status and next steps. Implied contracts are either implied-in-fact or implied-in-law. While the law protects our rights, only ethical principles can stop us from doing something that is wrong. An implied contract has the same legal force as a written contract but may be harder to enforce. For an implied-in-law contract, circumstances form the contract, rather than intent. On three subsequent occasions, the teenager comes over to walk the dog and is given two movie tickets. T or F? 81 0 obj <> endobj Rational ethics, often referred to as objective ethics, states that people's ethical decisions can be judged only by understanding their situations. T or F? Ethical theories are all based on the assumption that people want to live ethical lives. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Chapter 1 business law. Reaping relational rewards from corporate social responsibility: The role of competitive positioning. Is individual environmental consciousness one of the determinants in transport mode choice? 38(2), 4362. Dunfee, T. W., Smith, N. C., & Ross, W. T, Jr. (1999). Private politics, corporate social responsibility, and integrated strategy. Bloche, M. G. (2002). Consumer response to corporate irresponsible behavior: Moral emotions and virtues. Individuals who demonstrate behavior or actions that reflect negative characteristics are considered to be more prone to behavior that, Understanding ethical behavior within organizations is important as employees who engage in unethical behavior impede the, The SOX Act of (2002) requires the audit committee of companies to establish whistleblowing procedures whereby employees can, anonymously submit issues of concern regarding questionable accounting or auditing, An ethical organization culture consists of many aspects, including integrating ethics in decision making processes, establishing a, compensation system that rewards ethical behavior, and setting a tone that allows employees to question obedience of authority, The bystander effect, documented by Latane and Darley (1968), suggests that the presence of other people will inhibit one's intention, Diversity management has been found to affect outcomes at the individual, group, and organizational levels, Per our reading content, the first level of moral character is our level of moral maturity, Per our reading content, the fourth element of moral character is a person's knowledge about themselves as a moral actor, Per our reading content, Moral Willpower is the motivation to act in accordance with our current moral value system, Per our reading material, the sixth element of moral character is moral courage, As defined by our reading content, issue intensity is the degree to which consequences, social norms, proximity, or.

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