According to Integrated Social Contracts Theory, the Ethical Standards a Company

question 63

Multiple Choice

According to integrated social contracts theory, the ethical standards a company should try to uphold

• A)are governed by the school of ethical universalism.
• B)are governed both by a limited number of universal ethical principles and the circumstances of local cultures, traditions, and shared values.
• C)are governed by each country's Code of Required Ethical Conduct, which sets forth that each individual/group/business/organization has a "social contract" to observe the ethical and moral standards that the country has adopted.
• D)should be determined by the company's moral managers.
• E)should be absolute and avoid wiggle room according to the circumstances of the situation.

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Definitions:

Effective Price

The final price a consumer pays for a product or service after accounting for any discounts, taxes, or additional charges.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded by consumers at those prices.

Per-Unit Burden

The cost or burden imposed on each unit of a good or service, often in the context of taxes or subsidies.

Artificially-Sweetened Beverages

Drinks that contain synthetic sweetening agents instead of natural sugars to provide sweetness with fewer or no calories.