Midterm 2 Flashcards
What is the economic model of CSR
Primary responsibility of management is to maximize profit within the law. “Managerial Capitalism”
What is the stakeholder model of CSR
Business is embedded within a web of social relationships and we have a responsibility to a range of stakeholders
Integrative model of CSR
Social responsibility is integrated directly into the mission and purpose of corporations
What is corporate social responsibility
Ethical responsibilities that a business has to a society in which it operates
Which is the dominant CSR model
economic
Philosopher Norman Bowie argues that beyond obeying the law, corporations have an ethical duty to do what?
Respect human rights
What did Philosopher Norman Bowie call the moral minimum
Respecting human rights
Under Bowie’s view, what ethical consideration overrides other concerns
The obligation to cause no harm
What is a corporate sustainability report
A financial annual report which provides an overview of the firm’s financial performance on environment and social, as well as financial, grounds.
What is reputation management
The practice of attending to the “image” of a firm
What is the least obligatory level of ethical responsibilities according to philosophers?
ethical responsibilities to do good
Why are people ethically expected to fulfill their responsibilities?
Because they are accountable to others if they do not fulfill their responsibilities
True or false: David Vogel cautions firms to avoid investing in corporate social responsibility when consumers are reluctant to support that investment by paying higher prices.
True
What is the argument in favor of sweatshops
Contribute the to the welfare of the least advantaged.
What are the main themes of the Ethical Trade Initiative Base code
Bans deductions from wages as a disciplinary measure
Wages should be at legal or benchmark standards
All workers should be provided with information about wages
What is the classification for child labor
Too young to work or working in hazardous conditions. Justification, Harm, Age of child
What is the right of due process
Right to be protected against arbitrary use of authority. Or procedures police and courts must follow in exercising authority
What is employment at will
Holds that in absence of other legal obligation that specifies conditions all employees are employed at will
What is the common law agency test
A test of independent contractor status by judging the ability to control the manner in which the work in performed
What is the IRS 20-factor analysis
An analysis the IRS looks at to determine is someone is an independent contractor or employee
What is the economic realities test
A test where the court considers whether the worker is economically dependent on the business
Which side must show proof they were unjustly or illegally fired
The employee
What is just cause
Requires employers to show cause to justify the dismissal of an employee
What is downsizing
When a firm makes a decision to fire many workers at once to cut costs
What are the negative effects downsizing causes
Decline in customer service, increase in errors, bad attitude, decreased perception in CSR
What is OSHA and when was it founded
The occupational safety and health administration. 1970
When first established OSHA was aimed at achieving what
safest feasible standards