Question 1

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it by speaking up?

Accepted Answer

A)  Whistle-blower 
B)  Inside trader 
C)  Obstructionist 
D)  Colluder 
E)  Accommodator 
A)  Whistle-blower 
B)  Inside trader 
C)  Obstructionist 
D)  Colluder 
E)  Accommodator

Question 2

The standards of behavior that guide managers in their work are called written codes.

Accepted Answer

A) True 
 B)False

Question 3

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

Accepted Answer

A)  Utility 
B)  Rights 
C)  Justice 
D)  Caring 
E)  Respect 
A)  Utility 
B)  Rights 
C)  Justice 
D)  Caring 
E)  Respect

Question 4

When a business hires a staff to formally represent the organization before a political body,in efforts to influence that political body,the business is

Accepted Answer

A)  using personal contacts. 
B)  starting a political action committee. 
C)  lobbying. 
D)  asking for favors. 
E)  campaigning. 
A)  using personal contacts. 
B)  starting a political action committee. 
C)  lobbying. 
D)  asking for favors. 
E)  campaigning.

Question 5

What is the most common and direct way to provide direct financial support when taking a proactive stance to social responsibility?

Accepted Answer

A)  Set up a foundation 
B)  Reduce prices 
C)  Make a donation with each purchase 
D)  Use the Internet to solicit donations 
E)  Follow all laws set forth by the government 
A)  Set up a foundation 
B)  Reduce prices 
C)  Make a donation with each purchase 
D)  Use the Internet to solicit donations 
E)  Follow all laws set forth by the government

Question 6

If an individual business person wanted to present his or her opinion on a piece of legislations,what method might be used?

Accepted Answer

A)  Voting 
B)  Lobbying 
C)  Favors 
D)  Personal contacts 
E)  Political action committee meetings 
A)  Voting 
B)  Lobbying 
C)  Favors 
D)  Personal contacts 
E)  Political action committee meetings

Question 7

What category of ethics relates to matters such as hiring,firing,working conditions,privacy and respect?

Accepted Answer

A)  Behavior toward economic agents 
B)  Behavior toward employees 
C)  Behavior toward the organization 
D)  Elimination of conflicts of interest 
E)  Social responsibility 
A)  Behavior toward economic agents 
B)  Behavior toward employees 
C)  Behavior toward the organization 
D)  Elimination of conflicts of interest 
E)  Social responsibility

Question 8

What is the main cause of water pollution?

Accepted Answer

A)  Acid rain 
B)  Landfill runoff 
C)  Chemical and waste dumping 
D)  Vehicle exhaust 
E)  Decomposition 
A)  Acid rain 
B)  Landfill runoff 
C)  Chemical and waste dumping 
D)  Vehicle exhaust 
E)  Decomposition

Question 9

In what way can the government use indirect regulation to affect social responsibility?

Accepted Answer

A)  Enacting laws 
B)  Supporting shareholders 
C)  Imposing fines to violators 
D)  Providing tax incentives 
E)  Cooperating with foreign governments 
A)  Enacting laws 
B)  Supporting shareholders 
C)  Imposing fines to violators 
D)  Providing tax incentives 
E)  Cooperating with foreign governments

Question 10

What constitutes ethical behavior is determined entirely by the individual.

Accepted Answer

A) True 
 B)False

Question 11

What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?

Accepted Answer

A)  Prevent insider trading 
B)  Engage in strategic management 
C)  Guarantee the accuracy of financial reporting 
D)  Hire a forensic accountant 
E)  Oversee the implementation of ethical standards 
A)  Prevent insider trading 
B)  Engage in strategic management 
C)  Guarantee the accuracy of financial reporting 
D)  Hire a forensic accountant 
E)  Oversee the implementation of ethical standards

Question 12

What is insider trading? Why would an investor engage in it?

Accepted Answer

Insider trading is using confidential in

Question 13

Those firms who look for opportunities to contribute positively to society because of a sincere desire to improve social welfare take what type of social responsibility stance?

Accepted Answer

A)  Obstructionist 
B)  Accommodative 
C)  Social accommodations 
D)  Defensive 
E)  Proactive 
A)  Obstructionist 
B)  Accommodative 
C)  Social accommodations 
D)  Defensive 
E)  Proactive

Question 14

How does the government affect the idea of social responsibility in a planned economy?

Accepted Answer

A)  The government requires higher stakeholder returns. 
B)  The government passes laws to make sure business interests do not damage society. 
C)  The government heavily regulates business activities to ensure the business supports social ideals. 
D)  The government attempts to offset small business restrictions. 
E)  The government limits regulations in exchange for planned giving. 
A)  The government requires higher stakeholder returns. 
B)  The government passes laws to make sure business interests do not damage society. 
C)  The government heavily regulates business activities to ensure the business supports social ideals. 
D)  The government attempts to offset small business restrictions. 
E)  The government limits regulations in exchange for planned giving.

Question 15

When a firm significantly increases the price of a good or service because of an increase in demand,what unethical practice are they potentially engaging in?

Accepted Answer

A)  Consumerism 
B)  Collusion 
C)  Unfair pricing 
D)  Collaboration 
E)  Price gouging 
A)  Consumerism 
B)  Collusion 
C)  Unfair pricing 
D)  Collaboration 
E)  Price gouging

Question 16

Because of the influence of a more sophisticated and educated public,what approach should corporations take to develop social responsibility plans?

Accepted Answer

A)  The same approach they take when developing any other business strategy 
B)  Create new legal and implied requirements 
C)  Develop an informal plan and use it to see what work before incorporating those ideas to a formal plan 
D)  Increase ethical understanding and training for leadership 
E)  Increase philanthropic giving 
A)  The same approach they take when developing any other business strategy 
B)  Create new legal and implied requirements 
C)  Develop an informal plan and use it to see what work before incorporating those ideas to a formal plan 
D)  Increase ethical understanding and training for leadership 
E)  Increase philanthropic giving

Question 17

Government will most often influence organizations through the establishment of laws and rules that dictate what organizations can and cannot do.

Accepted Answer

A) True 
 B)False

Question 18

The ethical norm of utility evaluates whether an act respects the rights of all parties.

Accepted Answer

A) True 
 B)False

Question 19

When the government dictates what organizations can and cannot do,what tactic is the government using?

Accepted Answer

A)  Social responsibility 
B)  Taxation 
C)  Stakeholder support 
D)  Regulation 
E)  Socialism 
A)  Social responsibility 
B)  Taxation 
C)  Stakeholder support 
D)  Regulation 
E)  Socialism

Question 20

When a multinational organization supports its commitment to stakeholders,which stakeholders are they most concerned with?

Accepted Answer

A)  The stakeholders in their home country 
B)  The stakeholders where most sales are made 
C)  The stakeholders in emerging markets 
D)  The stakeholders represented by the government 
E)  The stakeholders in every country where business is done 
A)  The stakeholders in their home country 
B)  The stakeholders where most sales are made 
C)  The stakeholders in emerging markets 
D)  The stakeholders represented by the government 
E)  The stakeholders in every country where business is done

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it by speaking up?

The standards of behavior that guide managers in their work are called written codes.

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

When a business hires a staff to formally represent the organization before a political body,in efforts to influence that political body,the business is

What is the most common and direct way to provide direct financial support when taking a proactive stance to social responsibility?

If an individual business person wanted to present his or her opinion on a piece of legislations,what method might be used?

What category of ethics relates to matters such as hiring,firing,working conditions,privacy and respect?

What is the main cause of water pollution?

In what way can the government use indirect regulation to affect social responsibility?

What constitutes ethical behavior is determined entirely by the individual.

What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?

What is insider trading? Why would an investor engage in it?

Those firms who look for opportunities to contribute positively to society because of a sincere desire to improve social welfare take what type of social responsibility stance?

How does the government affect the idea of social responsibility in a planned economy?

When a firm significantly increases the price of a good or service because of an increase in demand,what unethical practice are they potentially engaging in?

Because of the influence of a more sophisticated and educated public,what approach should corporations take to develop social responsibility plans?

Government will most often influence organizations through the establishment of laws and rules that dictate what organizations can and cannot do.

The ethical norm of utility evaluates whether an act respects the rights of all parties.

When the government dictates what organizations can and cannot do,what tactic is the government using?

When a multinational organization supports its commitment to stakeholders,which stakeholders are they most concerned with?

The US Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 2: Understanding Business Ethics and Social Responsibility

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it by speaking up?

The standards of behavior that guide managers in their work are called written codes.

Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?

When a business hires a staff to formally represent the organization before a political body,in efforts to influence that political body,the business is

What is the most common and direct way to provide direct financial support when taking a proactive stance to social responsibility?

If an individual business person wanted to present his or her opinion on a piece of legislations,what method might be used?

What category of ethics relates to matters such as hiring,firing,working conditions,privacy and respect?

What is the main cause of water pollution?

In what way can the government use indirect regulation to affect social responsibility?

What constitutes ethical behavior is determined entirely by the individual.

What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?

What is insider trading? Why would an investor engage in it?

Those firms who look for opportunities to contribute positively to society because of a sincere desire to improve social welfare take what type of social responsibility stance?

How does the government affect the idea of social responsibility in a planned economy?

When a firm significantly increases the price of a good or service because of an increase in demand,what unethical practice are they potentially engaging in?

Because of the influence of a more sophisticated and educated public,what approach should corporations take to develop social responsibility plans?

Government will most often influence organizations through the establishment of laws and rules that dictate what organizations can and cannot do.

The ethical norm of utility evaluates whether an act respects the rights of all parties.

When the government dictates what organizations can and cannot do,what tactic is the government using?

When a multinational organization supports its commitment to stakeholders,which stakeholders are they most concerned with?

The US Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters