Week 2 Vocab

Question 1

Censorship

Answer 1

According to the American Civil Liberties Union (ACLU), it is the “Suppression of words, images, or ideas that are “offensive,”

Question 2

Enlightened Self-interest School of Social Responsibility

Answer 2

Advises managers to be responsible to shareholders by being responsive to the larger society.

Question 3

Inherence School of Social Responsibility

Answer 3

Advises managers to serve shareholders and to act only with shareholders’ interests in mind.

Question 4

Invisible Hand School of Social Responsibility

Answer 4

Role of business is to serve larger society and it does so best when serving shareholders only.

Question 5

Social Responsibility School of Social Responsibility

Answer 5

Role of business is to serve larger society, so it should serve the needs of the larger society.

Question 6

Morals clause

Answer 6

Part of a contract for actors, athletes and others that prohibits private conduct that would subject that person to public ridicule.