What is meant by integrated social contracts theory? What is its contribution to the debate about ethical standards?
What will be an ideal response?
According to integrated social contracts theory, universal ethical principles based on the collective views of multiple societies form a "social contract" that all individuals and organizations have a duty to observe in all situations. Within the boundaries of this social contract, local cultures or groups can specify what additional actions may or may not be ethically permissible.
In the debate about ethical standards, integrative social contracts theory provides a middle position between the opposing views of ethical universalism and ethical relativism. It believes that the ethical standards a company should try to uphold are governed by both (1) a limited number of universal ethical principles that are widely recognized as putting legitimate ethical boundaries on behaviors in all situations and (2) the circumstances of local cultures, traditions, and values that further prescribe what constitutes ethically permissible behavior.
You might also like to view...
The effective negotiator needs to understand how people will adjust and readjust, and how the negotiations might twist and turn, based on one's own moves and the others' responses.
Answer the following statement true (T) or false (F)
Why is giving an employee a rating preferred to a ranking?
What will be an ideal response?
The free cash flow valuation model can be used to determine the value of an entire company as the present value of its expected free cash flows discounted at the firm's weighted average cost of capital
Indicate whether the statement is true or false
Clive is a purchasing agent for Double D Ranch with the authority to buy cattle at a certain auction. After the cattle are bought, the agency relationship terminates
A. automatically. B. following notice to all actual cattle sellers. C. following notice to all potential cattle sellers. D. following published notice in a local newspaper.