BUL 4421 FAU QUIZ 1 QUESTIONS AND CORRECT ANSWERS

BUL 4421 FAU QUIZ 1 QUESTIONS
AND CORRECT ANSWERS
Which of the following is the application of ethics to special problems and opportunities experienced
by those in business? ✅✅CORRECT ANSW-Business

ethics



Which of the following is the minimal standard essential for the development of business ethics? A.
Meeting the requirements of deontology ✅✅CORRECT ANSW-The legality of a decision.



The arbitrator typically provides a decision within ____ days of an arbitration hearing.
✅✅CORRECT ANSW-30



Which of the following is the study and practice of decisions about what is good, or right?
✅✅CORRECT ANSW-Ethics



An arbitrator is more likely to issue a compromise decision than a judge. ✅✅CORRECT ANSW-
True



What do the letters "WPH" mean in reference to the "WPH Framework for Business Ethics"
discussed in the text? ✅✅CORRECT ANSW-Who, Purpose, and How



When is an arbitrator's decision called an "award"? ✅✅CORRECT ANSW-Always.



Which of the following are stakeholders of a business? ✅✅CORRECT ANSW-Shareholders,

employees,

customers,

and

management



If a contract does not provide for arbitration, parties may submit a specific dispute involving a
contractual provision to arbitration through the use of a ______. ✅✅CORRECT ANSW-Submission