Ethics and Corporate Social Responsibilities

Question 1

What are the sources of Ethical Standards?

Answer 1

The School of Ethical Universalism
The School of Ethical Relativism
Integrated Social Contract Theory

Question 2

Examples of Ethical Relativism Issues

Answer 2

Use of underage labour
Payment of bribes
Multiple sets of standards

Question 3

Ethical Theories

Answer 3

Agency theory
Stakeholder theory (satisfy multiple stakeholders)
Legitimacy theory
Stewardship theory
Resource-based view
Political cost theory
Slack resources theory
Institutional theory