Term
| what is the freee market model or ecnomic model of CSR |
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Definition
| A business exist to serve the goals of its owner as long as the goals are legal and ethical |
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Term
| wohsoe name is most closely assc with the free market model |
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Definition
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Term
| what is Adam Smiths utilitarnian justification for the free market model |
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Definition
| The FMM is justiifed bc it maximally satisfies consumer demands and it works efficitently if managers focus on their business for the benefit of the principals |
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Term
| what the the natural rights justification for the FMM |
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Definition
| Private party defense a business is an entity someone builds and owns it is its property to do what they please |
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Term
| What are the three types of market failure |
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Definition
| negative externality, public good, public harm |
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Term
| what are negative externalities |
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Definition
| a consequence of a transaction between 2 parties that make a deal and someone else is effected by it |
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Term
| what are public or social goods |
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Definition
| something that is desireable by public but free market doesn't deiliver |
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Term
| what is the first generation problem |
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Definition
| a problem that affects people at a later time |
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Term
| what is the game the system objection to the FMM |
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Definition
| businesses ca lobby govt to create a system that benefits business only, but other groups can lobby too |
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Term
| What is the philanthropic modle of CSR |
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Definition
| for a business, charity is superorgatory, it should be encouraged to give to charity and if it goes out of its way to promote social good, it should be praised if it does, but not condemned if it doesn't |
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Term
| what does superogatory mean? |
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Definition
| over and above what is morally required |
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Term
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Definition
| the manangers of a buisness have an obligation first of all to makesure biz doesnts harm anybody, after that they should maximize profits within limits |
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Term
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Definition
| the stockholders are not the stake holders, the only stakeholders, so besiders th desires of the owners, the mangers are morally obg to balnace all decisions |
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Term
| what is a stakeholder in a business |
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Definition
| any one with a vested intereset in the company |
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Term
| what is the accomodation argument for the MSM of CSR? |
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Definition
| msm accomodates the evolutaion of the law over the last century |
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Term
| What is the utilitrarian argument for the MSM of CSR? |
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Definition
| we would argue that w/ MSM, we would be maximizing eveyones benefits |
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Term
| What is the difference between something being prudentially as opposed to ethcially right? |
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Definition
| prudentially means whats best for you morally = youre obligated to whetore of not it pays off for you |
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Term
| what is the rights argument for the MSM of CSR? |
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Definition
| takes into account NR of everyone w/ vested stake in business |
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Term
| What is the implementation problem with the MSM of CSR? |
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Definition
| how do we identify / implement wishes of everyone w a stake? |
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Term
| What is the force problem with the MSM of CSr? |
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Definition
| what about owners who don't wish to share power or workers who don't wish to share it? |
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Term
| What is the Efficiency problem with the MSM of CSR? |
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Definition
| do Co-ops actually produce most wealth for society? |
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Term
| What si the property rights problem with the MSM of CSR |
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Definition
| are other stakeholders really moral consumers? |
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Term
| What is the consistency problem with the MSM of CSR? |
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Definition
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Term
| What si the strategic model of CSR? |
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Definition
| for any bu, social resp should ber a the core of what that business is interedd to do, so man should serve social ends as well as max profits |
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Term
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Definition
| in a well ordered free society the puropsoe of a business is to max profits within legal limits |
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Term
| Stores like Wal Mart, Target and Costco aim to est a value loop, What does that mean? |
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Definition
| a supply chaing interegrating reverse logitistic act 1/ model for retail 2/ buy cheap sell cheap, buy more cheap sell more cheaper |
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Term
| What is the automated supply chain management? |
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Definition
| computer controlled aspects of supply chain |
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Term
| what name is assc with the theory of creative destruction? |
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Definition
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Term
| what are the three tenets of theory of creative destruction? |
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Definition
| 1/ economic progress is driven by innovation 2/ innovation is prod by entrepreneurs 3/ economic progress takes form of replacing less prodcutive w/ more efficient |
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Term
| what is the convential model of work? |
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Definition
| work is an unpleasant act one does in exchange in exchange for someith he/she values |
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Term
| what is the hman fulfillment model of work? |
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Definition
| work is the primary act through which people develop their full potential as human beings |
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Term
| what is the Marxist concept of alienation? |
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Definition
| Our human potential can be crushed by factory work |
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Term
| what is the liberal model of work? |
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Definition
| business should give people the right to choose more meaningful work bec when people are compelled to take tedious work, it stultifies them |
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Term
| what is the free society modle of work |
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Definition
| in a free society businesses should be free to offer whatever work they wish and people be broadly free to make trade-offs of their pref in choosing work, dep on circumstances withing law and morality |
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Term
| what is a yellow dog contract |
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Definition
| employees agree to no unions |
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Term
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Definition
| manangemetn must chooose from current union workers |
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Term
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Definition
| where mgmt can hire non union workers, as long as they join union in spec time |
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Term
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Definition
| new emp don't hav eto join union but have union dues paid w check |
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Term
| what is the right to work law? |
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Definition
| a state law that outlaws union/agency laws |
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Term
| what is the free rider argument for allowing employment contracts requiring employees to support the union? |
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Definition
| people who join w/o supporting unions are free riders |
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Term
| what is the unequal power argument for allowing employment contracts req employees to support the union? |
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Definition
| there is unequal power between workers and owners/mgmt |
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Term
| what is the freedom to contract arg for allowing employment contracts requiring employees to support unions? |
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Definition
| if workers can get mgmt to agree to a union shop clause as part of comp package owners agree freely, it should be allowed |
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Term
| what is the free association argument against allwoing employemnt contracts requiring emloyees to support unions? |
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Definition
| Company P to support union violates P's right to free assc |
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Term
| what is the bad deal argumetn against allowing employement contracts req employees to support unions |
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Definition
| is it really the case that unions usually get the best contracts overall, long term |
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Term
| what is the universalizablitly arg against allowing employment contracts req emp to support unions |
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Definition
| is the idea of allowing closed shops universilizable? |
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Term
| what is the forced support arg against allowing employemnt contracts req emp to support unions? |
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Definition
| compelling P to support unions makes it likely that P will then be forced to support political causes they don't like or may consider wicked |
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Term
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Definition
| Refund of union dues vs signing a contract before employment (optin/out) |
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Term
| what is the right to life arg for the postive right to a job? |
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Definition
| work is the way we get lifes necessitites |
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Term
| what is the meaningful life arg for the pos right to a job |
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Definition
| if we accept the human fulfillment or liberal models of work, work is what gives us meaning to our lives |
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Term
| what is the obligation problem with saying there is a pos right to a job? |
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Definition
| to say you have a positive right to a job, means that someone is obligate to give it to you |
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Term
| what is the crowding out problem with saying there is pos right to a job? |
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Definition
| for govt to hire massive num of ppl will req increased taxing=crowding out |
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Term
| wha tis the inefficiency problem with sayin there is a pow right to a job? |
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Definition
| if jobs are guranteed anywhere, producitivity will suffer everywhere |
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Term
| what is the exercies power argument for the right to strong due process before termination? |
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Definition
| when society allows a group or inst to have power over peoples lifes, we req that this power should be justified, not arbitrarily praciticed |
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Term
| what is the employee freedom against the right to strong due process before termination? |
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Definition
| employees should be free to bargain for right and compensations they want to |
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Term
| what is the fairness to employer arugment against the right to strong due brocess before termination? |
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Definition
| if employees can quit whenever and for whatever reason, shouldn't equal rigths apply to employers |
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Term
| what is the property rights argumetn against the right to strong due proces before termination? |
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Definition
| the owners should be able to run it as they see fit |
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Term
| what is the efficiency argument against the right to strong due process before termination? |
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Definition
| the more difficult you make it for employees to be fired the more ineffieicnt they will be |
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Term
| what is workplace democracy? |
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Definition
| WD is where employees vote on deciisons effecting workplace |
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Term
| What is the ends arg for WD? |
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Definition
| workers should be treated as ends not means so they should be autonomous decicion makers |
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Term
| what is the self worth arg for WD? |
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Definition
| WD gives a feelig of self worth, good in itself |
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Term
| What is the alienation arg for WD? |
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Definition
| WD prevents alienation and burnout, which is good in itself and prod |
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Term
| What is the apaty argument for WD? |
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Definition
| WD would cure voter apath |
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Term
| What is the PR arg agasinst wD? |
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Definition
| workplace bleongs to owner so they should call shots , workers are free to quit |
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Term
| What is the lack of expertise arg against WD? |
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Definition
| workers lack exp and knowledge |
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Term
| What is the inefficiency arg against WD? |
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Definition
| workers will exercise power to own benefit |
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Term
| What is the false analogy arg against WD? |
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Definition
| isnt angalogy between owrkers and citiziens false? 1/ citz own coutnry 2/hard for citizens to quit 3/ govts can use monopolistic force |
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Term
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Definition
| occupation safety and health admin |
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Term
| what does the goal of safest feasible standards involve? |
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Definition
| having a safe work are that is realistic |
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Term
| About how many workplace fatatlities does US exp each year? |
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Definition
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Term
| what are the two main rights of privacy? |
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Definition
| 1/ the right to be left alone within a personal space 2/ the right to control info about yourself |
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