Business Ethics at TU München

Flashcards and summaries for Business Ethics at the TU München

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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? 

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

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

Which philosopher requested that ethics has to show that all its demands are in the interest of the individual? 
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Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

How is the Nash equilibrium defined? 

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Who developed the Corruption Perception Index? 

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

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

How is the concept called that requests consistency of norms and judgements of individual case? 
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Exemplary flashcards for Business Ethics at the TU München on StudySmarter:

What is true of a planned economy? 

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What are the two basic elements of problems in business ethics?

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What is characteristic of a pure coordination game? 

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Which is not a risk that companies face in case of compliance violations?
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Which of the following statements is correct? 

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

Business Ethics

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

Business Ethics

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

Business Ethics

Which philosopher requested that ethics has to show that all its demands are in the interest of the individual? 
David Hume

Business Ethics

How is the Nash equilibrium defined? 
No player has a unilateral incentive to change her strategy 

Business Ethics

Who developed the Corruption Perception Index? 
McKinsey & Company 

Business Ethics

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

Business Ethics

How is the concept called that requests consistency of norms and judgements of individual case? 
Nash equilibrium 

Business Ethics

What is true of a planned economy? 
The problem of scarcity is resolved 

Business Ethics

What are the two basic elements of problems in business ethics?
Environment of scarcity & at least one subject is involved

Business Ethics

What is characteristic of a pure coordination game? 
Rule violation have to be sanctioned 

Business Ethics

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

Business Ethics

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

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