Business Law Test 1 Chapter 2

question

WH Approach
answer

ethical guidelines; who’s affected? purpose of action? morality?
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Stakeholders
answer

people affected by the firm’s decisions; owners/shareholders, employees, customers, management, community, future generations
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Golden Rule
answer

do to others as you want to be treated
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Public Disclosure Test
answer

don’t do anything you wouldn’t want public/on TV
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Universalization Test
answer

what if everyone acted that way?

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