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1.
(p. 16)
Ethical conversation is primarily about finding the one and only right thing to do.
2.
(p. 16)
Business ethics is the application of ethics to the special problems and opportunities
experienced by business people.
3.
(p. 16)
The social responsibility of business consists only of the expectations employees have of
employers.
4.
(p. 17-18)
Insurer American International Group (AIG) is well known in the insurance
industry for its ethical and cautious investments protecting investors.
5.
(p. 18)
In some countries, businesses must pay bribes in order to receive legitimate supplies.
6.
(p. 22)
In an ethical analysis using the WPH Framework referenced in the text, owners are the
most important stakeholders and should receive the greatest consideration in decision making
regardless of the type of problem addressed.
7.
(p. 23)
The definition of stakeholder is the same as the definition of shareholder.
8.
(p. 23)
The community in which a firm operates would not be considered a stakeholder of the
firm.
9.
(p. 33)
Situational ethics is the same thing as ethical relativism.
10.
(p. 33)
Consequentialism provides a rigid set of rules to follow regardless of the situation.
11.
(p. 34)
Utilitarianism is a form of consequentialism.
12.
(p. 21)
Ethics is not an issue in accounting because of the primarily objective data involved in
that field.
13.
(p. 16)
Which of the following was the result in regard to the statute of limitations in the Case
Opener in which the plaintiff claimed that the drug Accutane caused her to develop ulcerative
colitis and irritable bowel syndrome?
14.
(p. 33)
Which of the following presents a problem when considering the theory of ethics known
as absolutism?
15.
(p. 16)
Which of the following is the application of ethics to special problems and opportunities
experienced by those in business?
16.
(p. 16)
Which of the following is the study and practice of decisions about what is good, or
right?
17.
(p. 16)
A local Chamber of Commerce plans a seminar on "the social responsibility of business in
our community." What does that term reference?
18.
(p. 18)
Which of the following is the minimal standard essential for the development of business
ethics?
19.
(p. 20)
Which of the following is true regarding business ethics?
20.
(p. 18-20)
Which of the following was the result in
U.S. v. Alfred Caronia
, the case in the text
in which the defending pharmaceutical representative was charged with illegally promoting off-
label use of a drug?
21.
(p. 21)
Which of the following is true regarding revelations involving Enron and WorldCom?
22.
(p. 35)
Which of the following is asserted by the principle of rights?
23.
(p. 21)
What is the system of "guanxi" used in China?
24.
(p. 22)
What do the letters "WPH" mean in reference to the "WPH Framework for Business
Ethics" discussed in the text?
25.
(p. 22)
Which of the following is true under the WPH process of ethical decision making?
26.
(p. 23)
Which of the following are stakeholders of a business?
