BUL 4421 CHAPTER 2 EXAM
QUESTIONS AND ANSWERS
Ethics - Correct Answers -Study and practice of decisions about what is good or right.
Business Ethics - Correct Answers -Application of ethics to the special problems and
opportunities experienced by business people.
Ethical Dilemma - Correct Answers -Problem concerning what a firm should do for
which no clear, right decision is available.
Ethical Conceptions - Correct Answers -Shape business law and business relationships
uniquely in each country.
Ethical System - Correct Answers -Method for resolving ethical dilemmas by examining
duties, consequences, virtues, justice and so on.
Business operate in a ... - Correct Answers -Community
Social Responsibility of Business - Correct Answers -Consists of the expectations that
the community imposes on firms doing business inside its borders.
500 Top executives believe that being a ______ corporate ____________ is consistent
with the profit motive - Correct Answers -good - citizen
Ethical Guidelines - Correct Answers -Practical steps.
- Provide a dependable stimulus to ethical reasoning in a business context.
The "WH" Process of Ethical Decision Making - Correct Answers -Approach that offers
future business managers some ethical guidelines.
- Managerial decisions must meet the following criteria:
1. Whom would this decision affect?
2. How to make ethical decisions?
W-WHO (Stakeholders) - Correct Answers -Consumers
Owners or investors
Management
Employees
Community
Future generations
QUESTIONS AND ANSWERS
Ethics - Correct Answers -Study and practice of decisions about what is good or right.
Business Ethics - Correct Answers -Application of ethics to the special problems and
opportunities experienced by business people.
Ethical Dilemma - Correct Answers -Problem concerning what a firm should do for
which no clear, right decision is available.
Ethical Conceptions - Correct Answers -Shape business law and business relationships
uniquely in each country.
Ethical System - Correct Answers -Method for resolving ethical dilemmas by examining
duties, consequences, virtues, justice and so on.
Business operate in a ... - Correct Answers -Community
Social Responsibility of Business - Correct Answers -Consists of the expectations that
the community imposes on firms doing business inside its borders.
500 Top executives believe that being a ______ corporate ____________ is consistent
with the profit motive - Correct Answers -good - citizen
Ethical Guidelines - Correct Answers -Practical steps.
- Provide a dependable stimulus to ethical reasoning in a business context.
The "WH" Process of Ethical Decision Making - Correct Answers -Approach that offers
future business managers some ethical guidelines.
- Managerial decisions must meet the following criteria:
1. Whom would this decision affect?
2. How to make ethical decisions?
W-WHO (Stakeholders) - Correct Answers -Consumers
Owners or investors
Management
Employees
Community
Future generations
