Business Chapter 2
Which of the following refers to the expectations the community imposes on firms doing business within its borders? Multiple choice question.
the social responsibility of business
Which of the following is an alternative meaning of the primary value of freedom?
to act without restriction from rules imposed by others
Which of the following is an alternative meaning of the primary value of security? Multiple choice question.
to be safe from those wishing to interfere with one's property rights
Which of the following is an alternative meaning of the primary value of efficiency?
to minimize costs
which of the following is not considered to be a businesses responsibility
to only make correct decisons
The Blank______ test asks us to consider what the world would be like if our decision were copied by everyone else.
universalization
Which of the following represents our understanding of the purposes we will fulfill by making particular decisions?
values
__ are the basic unit of ethics
values
______ are positive abstractions that capture our sense of what is good or desirable.
values
The W in the WHP framework for business ethics stands for ___
who, or the identity of the stakeholders
______ ethics is the application of ethics to the special problems and opportunities businesspeople experience.
Business
______ ethics is the use of ethics and ethical principles to solve business dilemmas.
Business
Which of the following is not one of the ways the Golden Rule can be interpreted?
Choose short-term profitability over product quality and customer service in all instances.
______ is the study and practice of decisions about what is good or right.
Ethics
The Blank______ urges us to be aware that other people and their rights and needs matter.
Golden Rule
Which of the following is a pertinent question managers must ask in order to comply with the WH framework for business ethics? Multiple choice question.
How can I make ethical decisions?
True or false: The stakeholders of a firm are the many groups of people affected by the firm's decisions.
True
Which of the following is a pertinent question that managers must ask to comply with the WH framework for business ethics? Multiple choice question.
Whom will my decision affect?
which of the following is not considered a stakeholder of a firm
a business competitor
Business ethics provide a set of standards for ethical behavior, but they can never provide ___
absolute right answers
the public disclosure test is a useful ethical guide because ___
as social beings, we want others to think highly of us
the universalization test is useful because ___
it causes us to consider the effects of others doing what we are about to do
When making business decisions, think of the __ as the most recent consensus about the lower level of business ethics.
law
When making business decisions, the ______ of the decision is the minimal standard that must be met.
legality
The legality of a business decisions is the _____ standard that must be met
minimum
Organizational stakeholders include Blank______.
owners, customers, and management
The WPH would be incomplete without which of the following ?
practical guidelines that assist in determining how to respond to an ethical delima
The Blank______ test requires us to imagine that our actions are being broadcast on national television.
public disclosure
The ______ of business consists of the expectations a community imposes on firms doing business within its borders.
social responsibility
The ______ of business consists of the expectations a community imposes on firms doing business within its borders. Multiple choice question.
social responsibility
The public disclosure test is sometimes called the Blank______. Multiple choice question.
television test
What does it mean when we say ethics guide the law
the evolution of the law moves in a direction that legislatures and courts see as more ethical
When using values to determine the overall purpose that a firm has, it is important to do which of the following?
the precise definition of the value that is being discussed
If when making a decision about whether to move to Honduras, Smooth ride management considered how they would feel if details of the move were the focus of a headline story on the front page of the Wall Street Journal, which test they would be applying
the public disclosure test
Which of the following refers to the expectations the community imposes on firms doing business within its borders?
the social responsibility of business
When engaged in international business, Blank______. Multiple choice question.
different ethical understandings prevail in different countries
An ethical Blank______ is a problem about what a firm should do for which no clear, right decision is available. Multiple choice question.
dilemma
If a firm faces a problem for which no clear, right decision is available, it faces a(n) _____ dilemma.
ethical
The study of what is good or right is ___
ethics
When considering international business transactions ______ conceptions shape business law and business relationships uniquely in each country.
ethics
Ethics is the study and practice of decisions about what is Blank______.
good or right
Practical steps that serve as a dependable stimulus to ethical reasoning in a business context are known as ethical Blank______.
gudielines
An ethical Blank______ is a simple tool that helps determine whether an action is moral.
guideline
The H in the WHP framework for business ethics stands for ___
how, or the avenues the firm will use to guide it to its ultimate decision
