Business ethics is the application of ethics to the special problems and opportunities experienced by business people.

Ethical conversation is primarily about finding the one and only right thing to do. 
FALSE

Business ethics is the application of ethics to the special problems and opportunities experienced by business people. 
TRUE

The social responsibility of business consists only of the expectations employees have of employers. 
FALSE

Insurer American International Group (AIG) is well known in the insurance industry for its ethical and cautious investments protecting investors. 
FALSE

In some countries, businesses must pay bribes in order to receive legitimate supplies. 
TRUE

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. 
FALSE

The definition of stakeholder is the same as the definition of shareholder. 
FALSE

The community in which a firm operates would not be considered a stakeholder of the firm. 
FALSE

Situational ethics is the same thing as ethical relativism. 
FALSE

Consequentialism provides a rigid set of rules to follow regardless of the situation. 
FALSE

Utilitarianism is a form of consequentialism. 
TRUE

Ethics is not an issue in accounting because of the primarily objective data involved in that field. 
FALSE