Exam 3: Organizational Ethics and Corporate Governance

The ethical dissonance model looks at the ethical fit of the organizational and individual values. The optimal fit for an individual with high individual ethics would be:

Which of the following was not a finding of the ACFE Report to the Nation on Occupational Fraud?

A common ethical problem where there is an unrealistic expectation to meet expected results and the ends justifies the means can be best described as:

What was the result of the annual inventory audit of the inventory shrinkage and improper accounting at Walmart?

An ethical climate is enhanced by all of the following except:

Explain what is meant by the ethical person-organization exchange and ethical dissonance including its implications for workplace ethics.

An Internet Company has a chance to expand its business into a developing country. This opportunity if executed would make money for the shareholders, as it would be the first Internet Company allowed in the country. However, the conditions demanded by the country include that the company must turn over to the government the history of Internet sites visited by its citizens. Additionally, the Internet Company must also censor Internet sites requested through the search engine. In the United States and other countries, the Internet Company would not monitor, censor, or turn over a history of Internet sites to any government. What should the Internet Company do? Use ethical theories and ethical decision making model to back up your decision.

As a manager in her firm, Lucy concerns herself with the effectiveness of internal controls. Her main focus is how efficient and effective the company's internal controls are over time. Which component of internal control is Lucy engaging in?

Strong corporate governance relies on a strong board of directors. Which of the following would be a strong candidate to be a board director for XYZ, Inc.?

Lana is a CPA and works as an internal auditor for Dynamite, Inc. As she was performing a revenue timing test, for the internal audit schedule and the external auditors, she noticed that the Western division consistently kept the books open 4 days into the next quarter. Lana immediately reported to the Chief Internal Auditor; together they took the issue to the CFO and Controller. The CFO assured them that the issue would be resolved. It has been 90 days since the meeting. Lana is considering blowing the whistle but cannot decide who to tell and when. What are the ethical issues of concern for Lana? What would you advise Lana to do, how, to whom and in what order, assuming she could qualify for a reward under Dodd-Frank?

Imagine you just went to your local pharmacy and were told that the cost of a life-saving drug was $22,500 for 30 tablets to treat AIDS or another infectious disease. Well, if you needed the drug Daraprim that is what you would have to pay according to the CEO of the company that manufactured it. Turing Pharmaceuticals purchased the right to Daraprim in August 2015 and CEO Martin Shkreli decided a price increase of 5500% was needed. Evaluate the ethics and corporate responsibility in Shkreli's decision to charge the $22,500 for 30 tablets.

A unique aspect of Johnson & Johnson's Credo is that it:

Which of the following is NOT an element of the corporate governance system?

Which of the following is not an element of an ethical corporate culture?

Which of the following is NOT an element of internal control over financial reporting?

A unique aspect of occupational fraud is:

What is the significance of the Menendez v Halliburton, Inc.?

In the Loyalty to the Boss case, what is the primary ethical issue?

Organizational ethics can be thought of as:

The 2016 State of Compliance Study of PwC indicates that: