which statement is true from an ethical perspective course hero

What is a true statement about ethics in marketing?

Identify a true statement about ethics in marketing. An aspect of consumer autonomy requires that customer consent be not only voluntary, but also informed. The assumption that consumers are benefited whenever their preferences are satisfied in the market holds true under close scrutiny.

Which statement is a legitimate challenge to utilitarian ethical theory?

Which statement is a legitimate challenge to utilitarian ethical theory? ... According to Kant, any action's maxim that cannot be universalized is ethically wrong and should not be performed.

What is an adequate ethical perspective?

According to philosophical ethics, a simple acceptance of customary norms is an adequate ethical perspective. Philosophical ethics distinguish what people do value from what they should value. Philosophical ethics denies that conformity and obedience are the best guides to how we should live.

What is the main focus of virtue ethics?

The theory of virtue ethics focuses on a full and detailed description of those character traits that would constitute a good and human life. Egoism is simply not a factor in the ethical decision making of caring, empathetic, charitable, and sympathetic persons. Which of the following statements is consistent with principle-based ethics?

Why do we study ethics?

The major reason to study ethics is to be able to answer questions such as "what should I do?" or "what type of person should I be?" or "how shall I live in my community?"

What is the definition of ethics?

Ethics refers to the beliefs, values, and principles that guide a person's life and decisions. True. If something is seriously wrong, the law will prohibit it. Consequently, it's enough to rely on the law for deciding what's right or wrong.

Why is the stakeholder theory of corporate social responsibility incompatible with utilitarian ethical theory?

The stakeholder theory of corporate social responsibility is totally incompatible with the utilitarian ethical theory because the stakeholder concept requires balancing the interests of all the parties affected by business decisions.

Why is ethics important in business?

Formal study of business ethics helps address these concerns so that businesses can integrate ethics in their decision-making.

Why are managers ethically obliged to make as much money as possible for their stockholders?

Managers are ethically obliged to make as much money as possible for their stockholders because to do otherwise would undermine the very foundations of our free society.

What is the best way to achieve utilitarian goals?

A version of utilitarian ethics invoking the tradition of Adam Smith claims that competitive markets are the best means for attaining utilitarian goals. This is "market" utilitarianism.

What is the role of ethical behavior in the marketplace?

Ethical behavior and an ethical reputation can provide a competitive advantage in the marketplace and with customers, suppliers, and employees.