Integrative Social Contracts Theory Maintains That

question 50

Multiple Choice

Integrative social contracts theory maintains that

• A)there is no such thing as moral-free space: all ethical standards are determined by societal norms,and individuals have an implied social contract to live up to these standards.
• B)few nations or cultures have a common moral agreement about what is ethically right and wrong.
• C)there should be no absolute limits put on what actions and behaviors fall inside the boundaries of what is ethically or morally right and which actions and behaviors fall outside.
• D)first-order universal ethical norms always take precedence over second-order local ethical norms.
• E)each country,culture,and society has commonly held views about what constitutes ethically appropriate actions/behaviors;these common standards of what is ethical and what is not combine to form a social contract that all individuals in that country,culture,and society are obligated to observe.

Understand the relationship between failing strategies and success in entrepreneurship.

Grasp the complex nature of market opportunities and the misconception surrounding market potential and data.

Analyze the profitability and sustainability of various business models including high asset-intensive and high-margin ventures.

Recognize the role of rational processes and pattern recognition in decision making and opportunity recognition.

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Definitions:

Karma

A concept in Hinduism, Buddhism, and Jainism which refers to the cycle of cause and effect where an individual's actions, whether good or bad, influence their future.

Social Cynicism

A generalized negative attitude towards people and society, often characterized by a belief in the selfishness and deceitfulness of others.

Social Flexibility

The ability to adapt one's behavior and attitudes to different social situations or to changes in the social environment.

Diffusion Of Responsibility

A sociopsychological phenomenon wherein an individual is less likely to take action or feel a sense of responsibility in the presence of a large group of people.