‘race to the bottom’.
Decisions over employment, lay-offs and relocation are taken by firms, and governments cannot
directly control employment levels (though they are made responsible for unemployment).
The privatization of major public services and publicly owned companies has led to private actors
dominating major industries such as media, telecommunications and transport.
Market and industrial liberalization and deregulation has increased the power of private actors: the
more strongly the market dominates economic life, the weaker governmental intervention and
0 / 1 point
Crane and Matten contend that a corporation can be morally responsible for its actions, because it has agency
independent of its members. The main arguments in support of this point centre on a corporation’s internal decision
structure and corporate
1 / 1 point
It is now generally accepted that business responsibility does extend beyond simply making a profit. Which of the following
do Crane and Matten list as business reasons for CSR? Please select all that apply.
Socially responsible companies voluntarily solve the social and environmental problems their activities
Socially responsible firms may find it easier to attract employees, who may be more committed.
Corporations seen as responsible may attract more and/or more loyal customers.
By engaging in voluntary CSR, corporations may avoid government legislation.
1 / 1 point
Kant's categorical imperative contains three parts. Maxim 3 states, "Act only so that the will through its maxims could
regard itself at the same time as universally lawgiving". What does this mean?
Humans deserve respect as autonomous, rational actors and human dignity should never be ignored.
It is a test to check whether other rational actors would endorse our judgement of a certain situation.
It is a consistency test to check whether the principle underlying an action could be followed by