Business Chapter 2

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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


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