What is meant by (1) ethical universalism and (2) integrated social contracts theory? Which of these two schools of thought do you believe is most inclusive? Explain the reasons for your answer.
What will be an ideal response?
As per the school of ethical universalism, the most fundamental conceptions of right and wrong are universal and transcend culture, society, and religion. It gives little space for variations based on local ethical principles. The integrative social contracts theory provides a middle position between the opposing views of ethical universalism and ethical relativism. The integrative social contracts theory is most inclusive as it accommodates the best parts of ethical universalism and ethical relativism. It also offers managers in multinational companies clear guidance in resolving cross-country ethical differences. Those parts of the company's code of ethics that involve universal ethical norms must be enforced worldwide, but within these boundaries there is room for ethical diversity and the opportunity for host-country cultures to exert some influence over the moral and ethical standards of business units operating in that country.
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A company should strive to reduce all non-value added activities to a minimum
Indicate whether the statement is true or false
The difference between a standard and an actual quantity, price, or rate is a(n) ????????????????????
____________ are services sold at less than full cost to attract customers, who will then be tempted to buy profitable service offerings from the same organization in the future
a. Benign followers b. Unit packages c. Loss leaders d. Cost providers e. Contracts
The use of supplemental resources such as overtime, contract workers, and additional shifts leads to a ______.
a. drop in product quality b. substantial increase in operating costs c. need for new product designs d. need for new corporate strategies