What do the letters "WPH" mean in reference to the "WPH Framework for Business Ethics" discussed in the text?
A.
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Who, Purpose, and How
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B.
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When, Plan, and How
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C.
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Why, Procedure, and Hope
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D.
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Where, Plan, and Hope
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E.
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Where, Procedure, and How
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Which of the following is true under the WPH process of ethical decision making?
A.
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The interest of management is ranked higher than that of employees when decisions are made.
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B.
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The interest of owners is ranked higher than that of both employees and management when decisions are made.
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C.
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When decisions are made, the interest of the community as a whole is considered last.
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D.
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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.
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E.
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There is not a framework under WPH for ranking one stakeholder above another.
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Which of the following are stakeholders of a business?
A.
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Shareholders but not employees
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B.
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Employees but not shareholders
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C.
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Customers but not employees or shareholders
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D.
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Management but not employees
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E.
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Shareholders, employees, customers, and management
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Which of the following is true regarding meeting the minimal standard of business ethics suggested by Brooke?
A.
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Decisions must be legal.
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B.
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Decisions must meet the criteria of a follower of deontology.
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C.
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Decisions must meet the criteria of a follower of utilitarianism.
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D.
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Decisions must receive a majority vote of acceptance by employees.
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E.
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Decisions must be legal and decisions must also receive a majority vote of acceptance by employees.
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Which of the following would be a stakeholder in the above company?
A.
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The community only
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B.
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The shareholders only
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C.
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Future generations only
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D.
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The community and shareholders only
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E.
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The community, shareholders, and future generations
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Connie's idea is best referred to as ______.
A.
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The Golden Rule
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B.
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The Disclosure Principle
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C.
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The Help Peers Test
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D.
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The Sarbanes-Oxley Rule
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E.
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The Greenhouse Rule
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Positive abstractions that capture our sense of what is good or desirable are called ______.
A.
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Ethical ideas
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B.
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Values
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C.
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Conscience demands
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D.
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Desirable principles
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E.
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Action goals
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Which of the following are values in the WPH process of ethical decision making?
A.
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Freedom only
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B.
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Security only
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C.
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Efficiency only
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D.
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Freedom and security, but not efficiency
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E.
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Freedom, security, and efficiency
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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.
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Equalization Rule
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B.
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Ethical Realization Rule
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C.
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Silver Rule
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D.
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Golden Rule
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E.
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Ten Commandments Rule
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What is the name of the law signed by President Bush in the wake of several corporate accounting scandals?
A.
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The Sarbanes-Oxley Act
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B.
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The Public Accounting Act
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C.
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The Certified Public Accounting Act
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D.
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The Whaley-Mallicoat Act
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E.
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The Corporate Scandal Act
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