Exam 7: Corruption and Ethics in Global Business

Adherence to moral and ethical principles; soundness of moral character; and honesty demonstrates _________.

A type of fraud, in which money received from later investors is used to provide returns to earlier investors, thus giving an appearance of a profitable investment is called a ______ scheme.

Imperative principle suggests which of the following?

_____ refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information.

Employees of ABC International generally describe their CEO, Mr. James Duncan, as a man of moral and ethical principles, sound moral character, and honest. Mr. Duncan can be described as an individual with ______.

_____ is considered by many to be the most infamous financial scandal in United States history.

The four basic steps in ethical decision making are: define all the facts and circumstances, identify the people affected, determine the alternative decisions and consequences, and make the decision and carry it out.

One way to resolve an ethical question is to apply the formal policies of your company or code of conduct to help determine the ethical course of action.

A person of integrity has two essential characteristics: 1)knowledge about what morally constitutes the right thing to do, and 2)_____.

Which of the following is NOT a value described in the BBB Code of Business Practices?

Scenario - Bradley Corporation The Bradley Corporation manufactures packaged food items that are sold around the globe. Baby food is the prominent product line currently produced by the corporation. Many of the customers for these products are located in third world countries where infant nutrition is a serious problem. Bradley has recently decided to change its internal management structure. New managers for the corporation are now in place; however these new leaders do not appear to have the same value system as the former leaders. The former leaders embraced the idea of product safety and exhibited integrity in the production of the corporation's product lines. While the new managers claim these are important to them also, it seems the bottom line profit has precedent with them. These changes have created concern in the company. There is strong disapproval for the way the company is conducting its business at the present time. The Board of Directors for Bradley is facing the serious question of whether profit is the only thing that matters now to the corporation. -The Bradley Corporation is faced with a decision that involves selling an outdated product such as baby food to foreign markets to make a large profit versus losing money by destroying outdated products. Which of the following best identifies what the Bradley Corporation is experiencing?

______ is the branch of philosophy that addresses the values pertaining to human behavior, with specific regard to the "rightness" and "wrongness" of actions and to the "goodness" and "badness" of the intent and results of such actions.

The fourth step of ethical decision making is to _____.

The _____ is a report published each year by Transparency International, providing metrics to the potential corruption risk for 180 countries.

According to the text, what question ought to be asked when acting upon high ethical standards in business?

The global slave trade that exists today is referred to as human trafficking.

Of the following statements about Vivendi, which is NOT true?

WorldCom is a perfect example of effective social and ethical responsibility in the financial sector.

Who said, "To educate a person in mind and not in morals is to educate a menace to society"?

Of the following, which is NOT true of the Enron financial scandal?