Thursday, November 7, 2019

What do the letters "WPH" mean in reference to the "WPH Framework for Business Ethics" discussed in the text?

What do the letters "WPH" mean in reference to the "WPH Framework for Business Ethics" discussed in the text? 
A. 
Who, Purpose, and How

B. 
When, Plan, and How

C. 
Why, Procedure, and Hope

D. 
Where, Plan, and Hope

E. 
Where, Procedure, and How


Which of the following is true under the WPH process of ethical decision making? 
A. 
The interest of management is ranked higher than that of employees when decisions are made.

B. 
The interest of owners is ranked higher than that of both employees and management when decisions are made.

C. 
When decisions are made, the interest of the community as a whole is considered last.

D. 
The interest of management is ranked higher than that of employees when decisions are made, but the interest of owners is ranked higher than the interest of any group.

E. 
There is not a framework under WPH for ranking one stakeholder above another.


Which of the following are stakeholders of a business? 
A. 
Shareholders but not employees

B. 
Employees but not shareholders

C. 
Customers but not employees or shareholders

D. 
Management but not employees

E. 
Shareholders, employees, customers, and management


Which of the following is true regarding meeting the minimal standard of business ethics suggested by Brooke? 
A. 
Decisions must be legal.

B. 
Decisions must meet the criteria of a follower of deontology.

C. 
Decisions must meet the criteria of a follower of utilitarianism.

D. 
Decisions must receive a majority vote of acceptance by employees.

E. 
Decisions must be legal and decisions must also receive a majority vote of acceptance by employees.


Which of the following would be a stakeholder in the above company? 
A. 
The community only

B. 
The shareholders only

C. 
Future generations only

D. 
The community and shareholders only

E. 
The community, shareholders, and future generations


Connie's idea is best referred to as ______. 
A. 
The Golden Rule

B. 
The Disclosure Principle

C. 
The Help Peers Test

D. 
The Sarbanes-Oxley Rule

E. 
The Greenhouse Rule


Positive abstractions that capture our sense of what is good or desirable are called ______. 
A. 
Ethical ideas

B. 
Values

C. 
Conscience demands

D. 
Desirable principles

E. 
Action goals


Which of the following are values in the WPH process of ethical decision making? 
A. 
Freedom only

B. 
Security only

C. 
Efficiency only

D. 
Freedom and security, but not efficiency

E. 
Freedom, security, and efficiency


The idea that we should interact with other people in a manner consistent with the manner in which we would like them to interact with us is called the ______. 
A. 
Equalization Rule

B. 
Ethical Realization Rule

C. 
Silver Rule

D. 
Golden Rule

E. 
Ten Commandments Rule


What is the name of the law signed by President Bush in the wake of several corporate accounting scandals? 
A. 
The Sarbanes-Oxley Act

B. 
The Public Accounting Act

C. 
The Certified Public Accounting Act

D. 
The Whaley-Mallicoat Act

E. 
The Corporate Scandal Act

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