Question 1

Which of the following is generally not considered a business ethics issue?

Accepted Answer

A)  Insider trading 
B)  Accounting fraud 
C)  Deceptive advertising 
D)  Misuse of organizational resources 
E)  Type of government 
A)  Insider trading 
B)  Accounting fraud 
C)  Deceptive advertising 
D)  Misuse of organizational resources 
E)  Type of government

Question 2

The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by

Accepted Answer

A)  codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct. 
B)  forcing all organizations to develop mandatory reporting systems. 
C)  eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses. 
D)  providing a study of moral philosophies. 
E)  providing an examination of company codes of ethics. 
A)  codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct. 
B)  forcing all organizations to develop mandatory reporting systems. 
C)  eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses. 
D)  providing a study of moral philosophies. 
E)  providing an examination of company codes of ethics.

Question 3

Ethics is a part of decision making

Accepted Answer

A)  at all levels of work and management. 
B)  primarily at the upper management levels of an organization. 
C)  mostly for policy makers. 
D)  that is less important than other decision making processes. 
E)  only at that lower levels of organizational management. 
A)  at all levels of work and management. 
B)  primarily at the upper management levels of an organization. 
C)  mostly for policy makers. 
D)  that is less important than other decision making processes. 
E)  only at that lower levels of organizational management.

Question 4

During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?

Accepted Answer

A)  Sarbanes-Oxley Act 
B)  Federal Sentencing Guidelines for Organizations 
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act 
D)  Foreign Corrupt Practices Act 
E)  Global Sullivan Principles 
A)  Sarbanes-Oxley Act 
B)  Federal Sentencing Guidelines for Organizations 
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act 
D)  Foreign Corrupt Practices Act 
E)  Global Sullivan Principles

Question 5

Investors are concerned about business ethics because they know that misconduct can

Accepted Answer

A)  foster stability. 
B)  improve employee commitment. 
C)  improve customer loyalty. 
D)  lower stock value and prices. 
E)  complicate business financial reporting. 
A)  foster stability. 
B)  improve employee commitment. 
C)  improve customer loyalty. 
D)  lower stock value and prices. 
E)  complicate business financial reporting.

Question 6

_____ is essential in building long-term relationships between businesses and consumers.

Accepted Answer

A)  Profits 
B)  Dividends 
C)  Trust 
D)  Hubris 
E)  Codes of ethics 
A)  Profits 
B)  Dividends 
C)  Trust 
D)  Hubris 
E)  Codes of ethics

Question 7

How do values and judgments play a critical role when we make ethical decisions?

Accepted Answer

The answer of How do values and judgments play a...

Question 8

Which of the following is not something a firm might do to encourage organizational ethics and compliance?

Accepted Answer

A)  Employee ethics training 
B)  Hiring a compliance officer 
C)  Ignoring potential ethical issues 
D)  Writing a code of ethics 
E)  Conducting an ethics and compliance audit. 
A)  Employee ethics training 
B)  Hiring a compliance officer 
C)  Ignoring potential ethical issues 
D)  Writing a code of ethics 
E)  Conducting an ethics and compliance audit.

Question 9

The term business ethics is best described by the following statement:

Accepted Answer

A)  It is the study and philosophy of human conduct, with an emphasis on determining right and wrong. 
B)  It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct." 
C)  It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession." 
D)  It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. 
E)  It comprises the principles, values, and standards that guide behavior in the world of business. 
A)  It is the study and philosophy of human conduct, with an emphasis on determining right and wrong. 
B)  It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct." 
C)  It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession." 
D)  It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. 
E)  It comprises the principles, values, and standards that guide behavior in the world of business.

Question 10

How does ethics contribute to customer satisfaction?

Accepted Answer

The answer of How does ethics contribute to customer satisfaction?...

Question 11

The study of business ethics is important to better understand all of the following except

Accepted Answer

A)  that a person's own moral philosophies and decision-making experience may not be sufficient to guide him or her in the business world. 
B)  how and why people make ethical or unethical decisions. 
C)  how to cope with conflicts between a person's own values and those of the organization in which he or she works. 
D)  that business ethics is entirely an extension of an individual's own personal ethics. 
E)  how to identify ethical issues arising in the business world. 
A)  that a person's own moral philosophies and decision-making experience may not be sufficient to guide him or her in the business world. 
B)  how and why people make ethical or unethical decisions. 
C)  how to cope with conflicts between a person's own values and those of the organization in which he or she works. 
D)  that business ethics is entirely an extension of an individual's own personal ethics. 
E)  how to identify ethical issues arising in the business world.

Question 12

More than a compliance program, business ethics is becoming

Accepted Answer

A)  a management issue to achieve competitive advantage. 
B)  less accepted by society. 
C)  mainly a government regulatory issue. 
D)  an initiative led by nonprofit organizations. 
E)  a program that decreases profits but increases societal benefits. 
A)  a management issue to achieve competitive advantage. 
B)  less accepted by society. 
C)  mainly a government regulatory issue. 
D)  an initiative led by nonprofit organizations. 
E)  a program that decreases profits but increases societal benefits.

Question 13

Most organizations with strong ethical climates usually focus on the core value of placing _____ interests first.

Accepted Answer

A)  customers' 
B)  employees' 
C)  stockholders' 
D)  suppliers' 
E)  distributors' 
A)  customers' 
B)  employees' 
C)  stockholders' 
D)  suppliers' 
E)  distributors'

Question 14

Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Accepted Answer

A)  Federal Sentencing Guidelines for Organizations 
B)  Defense Industry Initiative on Business Ethics and Conduct 
C)  Corporate codes of conduct 
D)  United States Sentencing Commission 
E)  MERCOSUR 
A)  Federal Sentencing Guidelines for Organizations 
B)  Defense Industry Initiative on Business Ethics and Conduct 
C)  Corporate codes of conduct 
D)  United States Sentencing Commission 
E)  MERCOSUR

Question 15

Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

Accepted Answer

A)  ethics officers 
B)  ethics programs 
C)  codes of ethics 
D)  legal counsel 
E)  accountants 
A)  ethics officers 
B)  ethics programs 
C)  codes of ethics 
D)  legal counsel 
E)  accountants

Question 16

Which of the following is not one of the benefits of being ethical and socially responsible in business?

Accepted Answer

A)  Greater employee commitment 
B)  A high degree of employee dissent 
C)  Improved customer trust and satisfaction 
D)  Increased investor loyalty 
E)  Better financial performance 
A)  Greater employee commitment 
B)  A high degree of employee dissent 
C)  Improved customer trust and satisfaction 
D)  Increased investor loyalty 
E)  Better financial performance

Question 17

Which of the following is not cited as an example of a global collaborative effort to establish standards of business conduct?

Accepted Answer

A)  Council on Economic Priorities' Social Accountability 8000 
B)  Ethical Trading Initiative 
C)  U.S. Apparel Industry Partnership 
D)  United States Sentencing Commission 
E)  World Trade Organization 
A)  Council on Economic Priorities' Social Accountability 8000 
B)  Ethical Trading Initiative 
C)  U.S. Apparel Industry Partnership 
D)  United States Sentencing Commission 
E)  World Trade Organization

Question 18

Discuss the current state of business ethics in the twenty-first century.

Accepted Answer

The answer of Discuss the current state of business ethics...

Question 19

Employees feel less pressure to compromise ethically, observe less misconduct, are more satisfied with their organizations, and feel more valued when

Accepted Answer

A)  they are new at their jobs. 
B)  they are paid to ignore problems in the workplace. 
C)  they do not agree with an organization's values. 
D)  they have very high compensation. 
E)  they see honesty, respect, and trust applied in the workplace. 
A)  they are new at their jobs. 
B)  they are paid to ignore problems in the workplace. 
C)  they do not agree with an organization's values. 
D)  they have very high compensation. 
E)  they see honesty, respect, and trust applied in the workplace.

Question 20

Which represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense?

Accepted Answer

A)  Council on Economic Priorities and Social Accountability 8000. 
B)  Sarbanes-Oxley Act. 
C)  Consumer Protection Act. 
D)  Defense Industry Initiative on Business Ethics and Conduct. 
E)  Dodd-Frank Wall Street Reform and Consumer Protection Act. 
A)  Council on Economic Priorities and Social Accountability 8000. 
B)  Sarbanes-Oxley Act. 
C)  Consumer Protection Act. 
D)  Defense Industry Initiative on Business Ethics and Conduct. 
E)  Dodd-Frank Wall Street Reform and Consumer Protection Act.

Which of the following is generally not considered a business ethics issue?

The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by

Ethics is a part of decision making

During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?

Investors are concerned about business ethics because they know that misconduct can

_____ is essential in building long-term relationships between businesses and consumers.

How do values and judgments play a critical role when we make ethical decisions?

Which of the following is not something a firm might do to encourage organizational ethics and compliance?

The term business ethics is best described by the following statement:

How does ethics contribute to customer satisfaction?

The study of business ethics is important to better understand all of the following except

More than a compliance program, business ethics is becoming

Most organizations with strong ethical climates usually focus on the core value of placing _____ interests first.

Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

Which of the following is not one of the benefits of being ethical and socially responsible in business?

Which of the following is not cited as an example of a global collaborative effort to establish standards of business conduct?

Discuss the current state of business ethics in the twenty-first century.

Employees feel less pressure to compromise ethically, observe less misconduct, are more satisfied with their organizations, and feel more valued when

Which represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense?

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making and Ethical Leadership

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

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Exam 1: The Importance of Business Ethics

Which of the following is generally not considered a business ethics issue?

The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by

Ethics is a part of decision making

During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?

Investors are concerned about business ethics because they know that misconduct can

_____ is essential in building long-term relationships between businesses and consumers.

How do values and judgments play a critical role when we make ethical decisions?

Which of the following is not something a firm might do to encourage organizational ethics and compliance?

The term business ethics is best described by the following statement:

How does ethics contribute to customer satisfaction?

The study of business ethics is important to better understand all of the following except

More than a compliance program, business ethics is becoming

Most organizations with strong ethical climates usually focus on the core value of placing _____ interests first.

Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

Which of the following is not one of the benefits of being ethical and socially responsible in business?

Which of the following is not cited as an example of a global collaborative effort to establish standards of business conduct?

Discuss the current state of business ethics in the twenty-first century.

Employees feel less pressure to compromise ethically, observe less misconduct, are more satisfied with their organizations, and feel more valued when

Which represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense?

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making and Ethical Leadership

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Filters