Question 1

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

Accepted Answer

A) Defense Industry Initiative on Business Ethics and Conduct 
B) Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations 
D) Foreign Corrupt Practices Act 
E) Dodd-Frank Wall Street Reform and Consumer Protection Act 
A) Defense Industry Initiative on Business Ethics and Conduct 
B) Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations 
D) Foreign Corrupt Practices Act 
E) Dodd-Frank Wall Street Reform and Consumer Protection Act

Question 2

We all learn values from sources such as family, religion, and school. Why might these sources of individual values not prove very helpful when making complex business decisions?

Accepted Answer

An individual's personal moral values ar

Question 3

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 and ethics programs. 
C) eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses. 
D) providing detailed guidelines for how to set up organizational ethics programs to guard againstunethical conduct. 
E) providing a thoroughexamination of company codes of ethics to determine whether they are sufficient. 
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 and ethics programs. 
C) eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses. 
D) providing detailed guidelines for how to set up organizational ethics programs to guard againstunethical conduct. 
E) providing a thoroughexamination of company codes of ethics to determine whether they are sufficient.

Question 4

Specific and pervasive boundaries for behavior that should not be violated are known as _____.

Accepted Answer

A) philosophy 
B) values 
C) principles 
D) business ethics 
E) morals 
A) philosophy 
B) values 
C) principles 
D) business ethics 
E) morals

Question 5

Business ethics is a part of decision making

Accepted Answer

A) at all levels of work and management. 
B) made primarily by top management. 
C) that stems from individual moral philosophies. 
D) that is less important than other decision making processes. 
E) that is not emphasized in most of today's organizations. 
A) at all levels of work and management. 
B) made primarily by top management. 
C) that stems from individual moral philosophies. 
D) that is less important than other decision making processes. 
E) that is not emphasized in most of today's organizations.

Question 6

_____is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person.

Accepted Answer

A) Value dilemma 
B) Integrity management 
C) Philosophical dilemma 
D) Legal dilemma 
E) Moral dilemma 
A) Value dilemma 
B) Integrity management 
C) Philosophical dilemma 
D) Legal dilemma 
E) Moral dilemma

Question 7

The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation.

Accepted Answer

A) U.S. Sentencing Commission 
B) Defense Industry Initiative on Business Ethics and Conduct 
C) World Trade Organization 
D) United Nations Global Compact 
E) Federal Sentencing Guidelines for Organizations 
A) U.S. Sentencing Commission 
B) Defense Industry Initiative on Business Ethics and Conduct 
C) World Trade Organization 
D) United Nations Global Compact 
E) Federal Sentencing Guidelines for Organizations

Question 8

Employees who view their organizational culture as ethical are more likely to

Accepted Answer

A) ask for a raise. 
B) use their personal moral philosophies in decision making. 
C) make personal sacrifices for the organization. 
D) gain more organizational training. 
E) have a greater desire to become managers themselves. 
A) ask for a raise. 
B) use their personal moral philosophies in decision making. 
C) make personal sacrifices for the organization. 
D) gain more organizational training. 
E) have a greater desire to become managers themselves.

Question 9

Which of the following statements about the Federal Sentencing Guidelines for Organizations is false?

Accepted Answer

A) They use a routine mechanical approach that forces all firms to use the same means to avert serious penalties. 
B) They strive to prevent misconduct. 
C) They encourage companies to develop standards and procedures capable of detecting and preventing misconduct. 
D) They utilize a carrot-and-stickapproach by taking preventive action against misconduct. 
E) They encourage the appointment of high-level personnel responsible for oversight of the compliance program. 
A) They use a routine mechanical approach that forces all firms to use the same means to avert serious penalties. 
B) They strive to prevent misconduct. 
C) They encourage companies to develop standards and procedures capable of detecting and preventing misconduct. 
D) They utilize a carrot-and-stickapproach by taking preventive action against misconduct. 
E) They encourage the appointment of high-level personnel responsible for oversight of the compliance program.

Question 10

Why is it important that businesspeople study business ethics?

Accepted Answer

Studying business ethics is important fo

Question 11

​Every organization has the potential for unethical behavior, even if it is not a business.

Accepted Answer

A) True 
 B)False

Question 12

The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

Accepted Answer

A) the Foreign Corrupt Practices Act. 
B) the Federal Sentencing Guidelines for Organizations. 
C) the Ethical Trading Initiative. 
D) the Federal Trade Commission compliance requirements. 
E) the Sarbanes-Oxley Act. 
A) the Foreign Corrupt Practices Act. 
B) the Federal Sentencing Guidelines for Organizations. 
C) the Ethical Trading Initiative. 
D) the Federal Trade Commission compliance requirements. 
E) the Sarbanes-Oxley Act.

Question 13

How does ethics contribute to customer satisfaction?

Accepted Answer

High levels of perceived corporate misco

Question 14

More than a compliance program, business ethics is becoming

Accepted Answer

A) a management issue to achieve competitive advantage. 
B) a guaranteed way to earn higher financial returns. 
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) a guaranteed way to earn higher financial returns. 
C) mainly a government regulatory issue. 
D) an initiative led by nonprofit organizations. 
E) a program that decreases profits but increases societal benefits.

Question 15

Business ethics, as a field, has passed through which of the following states?

Accepted Answer

A) A field of study to theological discussion to recognition of social issues 
B) Recognition of social issues to a field of study to theological discussion 
C) A field of study to recognition of social issues to theological discussion 
D) Recognition of social issues to theological discussion to a field of study 
E) Theological discussion to recognition of social issues to a field of study 
A) A field of study to theological discussion to recognition of social issues 
B) Recognition of social issues to a field of study to theological discussion 
C) A field of study to recognition of social issues to theological discussion 
D) Recognition of social issues to theological discussion to a field of study 
E) Theological discussion to recognition of social issues to a field of study

Question 16

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 17

Corporate social responsibility is

Accepted Answer

A) an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. 
B) principles, values, and norms that primarily guide individual and group behavior in the world of business. 
C) the institutionalization of business ethics into all levels of business decision making. 
D) a business's responsibility to manufacture products that function properly. 
E) charitable contributions made by a business to enhance its reputation with stakeholders. 
A) an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. 
B) principles, values, and norms that primarily guide individual and group behavior in the world of business. 
C) the institutionalization of business ethics into all levels of business decision making. 
D) a business's responsibility to manufacture products that function properly. 
E) charitable contributions made by a business to enhance its reputation with stakeholders.

Question 18

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) UN Global Compact 
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) UN Global Compact

Question 19

​Morals are enduring beliefs and ideals that are socially enforced.

Accepted Answer

A) True 
 B)False

Question 20

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

Accepted Answer

A) The government will rule that their actions were insufficient. 
B) Penalties or fines may be reduced. 
C) The firm will be forced to hire an ethics officer. 
D) Regulators will charge the firm with criminal activities. 
E) The firm will incur no punishment. 
A) The government will rule that their actions were insufficient. 
B) Penalties or fines may be reduced. 
C) The firm will be forced to hire an ethics officer. 
D) Regulators will charge the firm with criminal activities. 
E) The firm will incur no punishment.

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

We all learn values from sources such as family, religion, and school. Why might these sources of individual values not prove very helpful when making complex business decisions?

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

Specific and pervasive boundaries for behavior that should not be violated are known as _____.

Business ethics is a part of decision making

_____is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person.

The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation.

Employees who view their organizational culture as ethical are more likely to

Which of the following statements about the Federal Sentencing Guidelines for Organizations is false?

Why is it important that businesspeople study business ethics?

Every organization has the potential for unethical behavior, even if it is not a business.

The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

How does ethics contribute to customer satisfaction?

More than a compliance program, business ethics is becoming

Business ethics, as a field, has passed through which of the following states?

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

Corporate social responsibility is

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

Morals are enduring beliefs and ideals that are socially enforced.

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

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

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Exam 1: The Importance of Business Ethics

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

We all learn values from sources such as family, religion, and school. Why might these sources of individual values not prove very helpful when making complex business decisions?

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

Specific and pervasive boundaries for behavior that should not be violated are known as _____.

Business ethics is a part of decision making

_____is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person.

The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation.

Employees who view their organizational culture as ethical are more likely to

Which of the following statements about the Federal Sentencing Guidelines for Organizations is false?

Why is it important that businesspeople study business ethics?

​Every organization has the potential for unethical behavior, even if it is not a business.

The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

How does ethics contribute to customer satisfaction?

More than a compliance program, business ethics is becoming

Business ethics, as a field, has passed through which of the following states?

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

Corporate social responsibility is

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

​Morals are enduring beliefs and ideals that are socially enforced.

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

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

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Every organization has the potential for unethical behavior, even if it is not a business.

Morals are enduring beliefs and ideals that are socially enforced.