Business Ethics at TU München

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Study with flashcards and summaries for the course Business Ethics at the TU München

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What does not speak against Friedman’s claim that only the state should be responsible for social redistribution?

Select the correct answers:

  1. The state has the power to tax 

  2. Social problems are outside legislative sphere of influence 

  3. The state is dominated by interest groups 

  4. The state has high transaction costs and inadequate information

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is a key difference between CSR and the concept of the honorable business man? 

Select the correct answers:

  1. CSR targets bigger companies, the HB targets the individual 

  2. The HB targets companies, CSR targets bigger individuals

  3. CSR relies on virtue ethics, while the HB does not 

  4. CSR relies on deontological ethics, while HB relies on consequentialism 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is the relationship between a company’s owner and its manager according to Principal-Agent Theory?

Select the correct answers:

  1. The owner is the agent, the manager is the principal 

  2. Owner and manager are agents 

  3. The owner is the principal, the manager is the agent 

  4. Owner and manager are principals 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is the title of a famous essay by Milton Friedman?

Select the correct answers:

  1. The social responsibility of business is to decrease its profits 

  2. The social responsibility of business is to increase its profits 

  3. The social profit of business is to decrease its responsibility 

  4. The social profit of business is to increase its responsibility 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Consider the field of anti-trust laws. What is meant by “exploitative abuse”?

Select the correct answers:

  1. Behavior that primarily harms competitors 

  2. Inappropriate business conditions that a company imposes on suppliers 

  3. A penetration of the market by very low prices 

  4. The crowding out of other companies 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is Transparency internationals definition of corruption? 

Select the correct answers:

  1. It is the abuse of entrusted power for private gain 

  2. It is the abuse of private power for entrusted gain

  3. It is the power of entrusted abuse for private gain

  4. It is the gain of entrusted abuse for private power 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Who developed the Corruption Perception Index? 

Select the correct answers:

  1. McKinsey & Company 

  2. Transparency international 

  3. The European research council 

  4. Harvard University 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Which is not a risk that companies face in case of compliance violations?

Select the correct answers:

  1. Penalties 

  2. Media disinterest 

  3. Exemption from public procurement 

  4. Reputation always loss 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Which of the following statements is correct? 

Select the correct answers:

  1. Compliance asks what rules a company should adhere to 

  2. Compliance only deals with the adherence of codified state laws 

  3. Compliance only deals with self-imposed principles 

  4. Compliance considers rules to be exogenously given 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Which statement about the battle of the sexes is wrong? 

Select the correct answers:

  1. It has two Nash Equilibria in pure strategies

  2. Interest to coordinate is entangled with distribution conflict 

  3. There exists a dominant strategy 

  4. Cooperation fails if both go to their favorite place 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is not a way to overcome the prisoners dilemma? 

Select the correct answers:

  1. Taxing defection 

  2. Subsidising cooperation 

  3. Sanctioning defection 

  4. Punishing cooperation 

Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Which statement about trust is correct from an economic perspective? 

Select the correct answers:

  1. Trust increases transaction costs

  2. Trust hinders the conclusion of complete contracts 

  3. The exploitation of trust enables mutual advantages 

  4. Trust can be interpret as capital 

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Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

Business Ethics

What does not speak against Friedman’s claim that only the state should be responsible for social redistribution?
  1. The state has the power to tax 

  2. Social problems are outside legislative sphere of influence 

  3. The state is dominated by interest groups 

  4. The state has high transaction costs and inadequate information

Business Ethics

What is a key difference between CSR and the concept of the honorable business man? 
  1. CSR targets bigger companies, the HB targets the individual 

  2. The HB targets companies, CSR targets bigger individuals

  3. CSR relies on virtue ethics, while the HB does not 

  4. CSR relies on deontological ethics, while HB relies on consequentialism 

Business Ethics

What is the relationship between a company’s owner and its manager according to Principal-Agent Theory?
  1. The owner is the agent, the manager is the principal 

  2. Owner and manager are agents 

  3. The owner is the principal, the manager is the agent 

  4. Owner and manager are principals 

Business Ethics

What is the title of a famous essay by Milton Friedman?
  1. The social responsibility of business is to decrease its profits 

  2. The social responsibility of business is to increase its profits 

  3. The social profit of business is to decrease its responsibility 

  4. The social profit of business is to increase its responsibility 

Business Ethics

Consider the field of anti-trust laws. What is meant by “exploitative abuse”?
  1. Behavior that primarily harms competitors 

  2. Inappropriate business conditions that a company imposes on suppliers 

  3. A penetration of the market by very low prices 

  4. The crowding out of other companies 

Business Ethics

What is Transparency internationals definition of corruption? 
  1. It is the abuse of entrusted power for private gain 

  2. It is the abuse of private power for entrusted gain

  3. It is the power of entrusted abuse for private gain

  4. It is the gain of entrusted abuse for private power 

Business Ethics

Who developed the Corruption Perception Index? 
  1. McKinsey & Company 

  2. Transparency international 

  3. The European research council 

  4. Harvard University 

Business Ethics

Which is not a risk that companies face in case of compliance violations?
  1. Penalties 

  2. Media disinterest 

  3. Exemption from public procurement 

  4. Reputation always loss 

Business Ethics

Which of the following statements is correct? 
  1. Compliance asks what rules a company should adhere to 

  2. Compliance only deals with the adherence of codified state laws 

  3. Compliance only deals with self-imposed principles 

  4. Compliance considers rules to be exogenously given 

Business Ethics

Which statement about the battle of the sexes is wrong? 
  1. It has two Nash Equilibria in pure strategies

  2. Interest to coordinate is entangled with distribution conflict 

  3. There exists a dominant strategy 

  4. Cooperation fails if both go to their favorite place 

Business Ethics

What is not a way to overcome the prisoners dilemma? 
  1. Taxing defection 

  2. Subsidising cooperation 

  3. Sanctioning defection 

  4. Punishing cooperation 

Business Ethics

Which statement about trust is correct from an economic perspective? 
  1. Trust increases transaction costs

  2. Trust hinders the conclusion of complete contracts 

  3. The exploitation of trust enables mutual advantages 

  4. Trust can be interpret as capital 

Sign up for free to see all flashcards and summaries for Business Ethics at the TU München

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