Chap 2
______ 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? Multiple choice question. Do to others as you want them to gratify you. Treat others as persons of rational dignity like you. Be considerate of others' feelings as you want them to be considerate of yours. Choose short-term profitability over product quality and customer service in all instances.
Choose short-term profitability over product quality and customer service in all instances.
The ______ 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?
How can I make ethical decisions?
An ethical ______ is a problem about what a firm should do for which no clear, right decision is available.
dilemma
If a firm faces a problem for which no clear, right decision is available, it faces a(n) ______ dilemma.
ethical
Ethics is the study and practice of decisions about what is ______.
good or right
An ethical ______ is a simple tool that helps determine whether an action is moral.
guideline
Practical steps that serve as a dependable stimulus to ethical reasoning in a business context are known as ethical ______.
guidelines
Organizational stakeholders include ______.
owners, customers, and management
One way to think of the ______ test is to view it as a ray of sunlight that makes our actions visible rather than obscured.
public disclosure
The ______ of business consists of the expectations a community imposes on firms doing business within its borders.
social responsibility
The public disclosure test is sometimes called the ______.
television test
Which of the following is a commonly recognized ethical guideline that helps determine how to make ethical decisions?
the public disclosure test
Which of the following is not considered in the WH approach to business ethics?
the religious implications of the action
Which of the following refers to the expectations the community imposes on firms doing business within its borders?
the social responsibility of business
A commonly recognized ethical guideline that helps one determine how to make ethical decisions is _____.
the universalization test
Which of the following is an alternative meaning of the primary value of security?
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 an alternative meaning of the primary value of efficiency? Multiple choice question. to act without restriction from rules imposed by others to possess the capacity or resources to act as one wishes to minimize costs to possess anything that someone else is willing to grant you
to minimize costs
Applying the ______ test causes one to consider: "Is what I am about to do the kind of action that, if others followed my example, makes the world a better place for me and those I love?"
universalization
The ______ test asks us to consider what the world would be like if our decision were copied by everyone else.
universalization
Which of the following refers to ideas that underlie conversations about business ethics?
values
True or false: The stakeholders of a firm are the many groups of people affected by the firm's decisions.
True
______ are positive abstractions that capture our sense of what is good or desirable.
Values
The ______ approach to business ethics is a set of guidelines that urges us to consider whom an action affects, the purpose of the action, and how we view the action's morality.
WH
Which of the following is a pertinent question that managers must ask to comply with the WH framework for business ethics? Multiple choice question. Who is willing to work as my subordinate for subsistence wages? When will I be paid? Whom will my decision affect? When will I be promoted?
Whom will my decision affect?