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Business Ethics Student
Business Ethics: Chapter 12 Case Study Questions
1
Suppose Lars ethically evaluates the impact of his decision on the non-human environment in his recommendation. Which of the following views would he be adopting?
- select -
a) Shareholder view of moral standing
b) Economic view of moral standing
c) Stakeholder view of moral standing
d) Comprehensive view of moral standing
2
Suppose that Lars thinks the preservation of the non-human environment in both Homeland and Awayland is ethically important for its own sake. Which of the following would best express his thought?
- select -
a) The environment is valuable only to participants in an economic market
b) The environment is intrinsically valuable whether or not consumers are willing to pay for it
c) The environment is valuable only as a resource to us now
d) The environment is instrumentally valuable only as a resource for future generations
3
In Awayland, businesses CANNOT easily ignore which of the following?
- select -
a) The socially optimal level of pollution
b) The internal costs of production
c) The external costs of production
d) The discount rate on costs to future generations
4
In Awayland, the environment is best described as which of the following?
- select -
a) Private property
b) Public property
c) Common property
d) Corporate property
5
Suppose Lars and EMI are able to reach a mutually satisfactory deal with the citizens of Awayland whereby EMI ships toxic waste to Awayland for disposal and also pays all healthcare expenses in Awayland. Which of the following is this an example of?
- select -
a) A potential implication of the Coase Theorem
b) A potential free-market environmentalist solution to an external cost problem
c) A potential solution to a Tragedy of the Commons problem
d) All the other three answers
6
If Lars hired a consulting firm to do an economic cost-benefit analysis of the decision, then Lars most likely believes in which of the following?
- select -
a) Environmental economics
b) Free-market environmentalism
c) Deep ecological environmentalism
d) Market fundamentalism
7
If Lars hired a consulting firm to do an economic cost-benefit analysis of the decision, then what measure of value are the consultants most likely to use?
- select -
a) Intrinsic value
b) Willingness to pay
c) Ability to pay
d) Suffering and enjoyment
8
If Lars hired a consulting firm of environmental economists to do an economic cost-benefit analysis of the decision, then what ethical considerations are the consultants most likely to ignore?
- select -
a) External cost to future generations
b) Compensation of losers by winners
c) Internal costs to EMI
d) All of the other three answers
9
If Lars hired a consulting firm of environmental economists to do a cost-benefit analysis of the decision, then what choices of discount rate are the consultants most likely to make?
- select -
a) A rate of zero in both countries
b) A higher rate in Homeland than in Awayland
c) A higher rate in Awayland than in Homeland
d) The same rate in both countries
10
If Lars and EMI ship toxic waste to Awayland for disposal, then the GDP in both countries will likely rise. Which of the following is true?
- select -
a) This is an example of sustainable development.
b) This is not an example of sustainable development.
c) This is not an example of economic utilitarian thinking.
d) This is an example of international and intergenerational justice.
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