Which of the Following Is True Under the WH Process

question 56

Multiple Choice

Which of the following is true under the WH process of ethical decision making?

• A) The interest of consumers should always be put before employees and management.
• B) The interest of owners and partners rank the highest because they put the capital into the business.
• C) Community is always the last stakeholder to be evaluated in any ethical decision.
• D) Though owners always have the highest level interest in any ethical business decision, managers and employees should be valued equally, then shareholders and the community.
• E) One stakeholder should not be valued above another under the WH framework for business ethics.

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Definitions:

Same Area

Referring to either a physical space where activities or operations are conducted by a group or to a field of expertise or interest that individuals share.

Price Floor

A government- or authority-imposed minimum price set above the equilibrium price, preventing the price of a good or service from falling lower.

Equilibrium Price

The value at which the supply of a good or service is equal to its demand, ensuring a balanced market.

Demand Equation

A mathematical formula that describes the relationship between the quantity of a good demanded and its price, along with other factors affecting demand.