Question 1

Which of the following is not an aspect of the institutionalization of social responsibility?

Accepted Answer

A) Voluntary practices 
B) Legal responsibilities 
C) Core practices 
D) Familial responsibilities 
E) Strategic philanthropy 
A) Voluntary practices 
B) Legal responsibilities 
C) Core practices 
D) Familial responsibilities 
E) Strategic philanthropy

Question 2

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation. ​

Accepted Answer

A) True 
 B)False

Question 3

_____ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law.

Accepted Answer

A) Civil 
B) Criminal 
C) Competitive 
D) Administrative 
E) Regulatory 
A) Civil 
B) Criminal 
C) Competitive 
D) Administrative 
E) Regulatory

Question 4

Externally imposed boundaries of conduct, such as laws, rules, regulations, and other requirements are known as ​

Accepted Answer

A) ​Mandated boundaries 
B) ​Core practices 
C) ​Voluntary boundaries 
D) ​Civil law 
E) ​Philanthropy 
A) ​Mandated boundaries 
B) ​Core practices 
C) ​Voluntary boundaries 
D) ​Civil law 
E) ​Philanthropy

Question 5

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures, rather than on an individual's morals.

Accepted Answer

A) The Dodd-Frank Wall Street Reform and Consumer Protection Act 
B) Compliance 
C) Organizational ethics 
D) Core practices 
E) The Sarbanes Oxley Act 
A) The Dodd-Frank Wall Street Reform and Consumer Protection Act 
B) Compliance 
C) Organizational ethics 
D) Core practices 
E) The Sarbanes Oxley Act

Question 6

Mandated boundaries of conduct are imposed by

Accepted Answer

A) the legal system. 
B) core principles. 
C) voluntary actions. 
D) norms and artifacts. 
E) values and principles 
A) the legal system. 
B) core principles. 
C) voluntary actions. 
D) norms and artifacts. 
E) values and principles

Question 7

____________ must be trusted to make business work properly and includes accountants.

Accepted Answer

A) Gatekeepers 
B) Federal regulators 
C) Ethics officers 
D) The buying center 
E) The legal department 
A) Gatekeepers 
B) Federal regulators 
C) Ethics officers 
D) The buying center 
E) The legal department

Question 8

Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle, was the first consumer protection legislation?

Accepted Answer

A) Civil Rights Act of 1964 
B) Sherman Antitrust Act of 1890 
C) Magnuson-Moss Warranty Act of 1974 
D) Consumer Product Safety Act of 1972 
E) Pure Food and Drug Act of 1906 
A) Civil Rights Act of 1964 
B) Sherman Antitrust Act of 1890 
C) Magnuson-Moss Warranty Act of 1974 
D) Consumer Product Safety Act of 1972 
E) Pure Food and Drug Act of 1906

Question 9

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Accepted Answer

A) Voluntary contributions 
B) Cause-related marketing 
C) Strategic philanthropy 
D) Corporate giving 
E) Employee benefits 
A) Voluntary contributions 
B) Cause-related marketing 
C) Strategic philanthropy 
D) Corporate giving 
E) Employee benefits

Question 10

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

Accepted Answer

A) Holder memo 
B) Johnson memo 
C) Thompson memo 
D) Trump memo 
E) Obama memo 
A) Holder memo 
B) Johnson memo 
C) Thompson memo 
D) Trump memo 
E) Obama memo

Question 11

According to the text, the opinions of society, as expressed through legislation, can change over time, and different courts and government legislatures may take different views about the acceptability of specific business activities. Why is this so?

Accepted Answer

The role of laws is not so much to deter

Question 12

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

Accepted Answer

A) Institutionalization of ethics is now mandated for all organizations by governments around the world 
B) Stakeholders have recognized the need for improving business ethics 
C) The government has stepped in when scandals and misconduct have damaged key constituents of businesses 
D) Gatekeepers have been questioned as to their contributions to major scandals 
E) Highly ethical companies tend to be more profitable than those suffering from misconduct issues 
A) Institutionalization of ethics is now mandated for all organizations by governments around the world 
B) Stakeholders have recognized the need for improving business ethics 
C) The government has stepped in when scandals and misconduct have damaged key constituents of businesses 
D) Gatekeepers have been questioned as to their contributions to major scandals 
E) Highly ethical companies tend to be more profitable than those suffering from misconduct issues

Question 13

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Accepted Answer

A) Because the large size creates economies of scale and they can charge lower prices 
B) Because the selection in the stores is too large 
C) Because large retailers attract crime to neighborhoods in which they are based 
D) Because community leaders do not like the top management 
E) Because large retailers almost never hire local workers as employees 
A) Because the large size creates economies of scale and they can charge lower prices 
B) Because the selection in the stores is too large 
C) Because large retailers attract crime to neighborhoods in which they are based 
D) Because community leaders do not like the top management 
E) Because large retailers almost never hire local workers as employees

Question 14

Which of the following groups is not a group that receives special legal protections?

Accepted Answer

A) The elderly 
B) Children 
C) Senior citizens 
D) The highly educated 
E) Young consumers 
A) The elderly 
B) Children 
C) Senior citizens 
D) The highly educated 
E) Young consumers

Question 15

In 2005 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.​

Accepted Answer

A) True 
 B)False

Question 16

Title VII of the Civil Rights Act of 1964

Accepted Answer

A) prohibits discrimination on the basis of race, color, sex, religion, or national origin. 
B) penalizes the top executives in an organization for misconduct. 
C) is basically the same as the Sarbanes-Oxley Act. 
D) discourages whistle-blowers from reporting misconduct. 
E) prohibits pay discrimination on the basis of gender. 
A) prohibits discrimination on the basis of race, color, sex, religion, or national origin. 
B) penalizes the top executives in an organization for misconduct. 
C) is basically the same as the Sarbanes-Oxley Act. 
D) discourages whistle-blowers from reporting misconduct. 
E) prohibits pay discrimination on the basis of gender.

Question 17

How do violations of the law usually start?

Accepted Answer

A) When businesspeople blatantly engage in misconduct 
B) When organizational stakeholders are not prioritized 
C) When the organization lacks an code of ethics 
D) When businesspeople stretch the limits of ethical standards 
E) When organizations engage in activities that are clearly illegal 
A) When businesspeople blatantly engage in misconduct 
B) When organizational stakeholders are not prioritized 
C) When the organization lacks an code of ethics 
D) When businesspeople stretch the limits of ethical standards 
E) When organizations engage in activities that are clearly illegal

Question 18

Which is not one of the four sources of criminal and civil laws?

Accepted Answer

A) Judicial law 
B) Common law 
C) Constitutional law 
D) Administrative law 
E) Statutory law 
A) Judicial law 
B) Common law 
C) Constitutional law 
D) Administrative law 
E) Statutory law

Question 19

Which of the following is not a provision of the Sarbanes-Oxley Act?

Accepted Answer

A) Strengthens penalties for corporate fraud 
B) Developed the Consumer Financial Protection Bureau 
C) Requires codes of ethics for financial reporting in corporations 
D) Makes fraudulent financial reporting a criminal offense 
E) Requires greater transparency in financial reporting 
A) Strengthens penalties for corporate fraud 
B) Developed the Consumer Financial Protection Bureau 
C) Requires codes of ethics for financial reporting in corporations 
D) Makes fraudulent financial reporting a criminal offense 
E) Requires greater transparency in financial reporting

Question 20

The _____ is an independent agency within the Federal Reserve System that "regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws."

Accepted Answer

A) Consumer Financial Protection Bureau 
B) Federal Reserve 
C) World Trade Organization 
D) Department of Justice 
E) Federal Trade Commission 
A) Consumer Financial Protection Bureau 
B) Federal Reserve 
C) World Trade Organization 
D) Department of Justice 
E) Federal Trade Commission

Which of the following is not an aspect of the institutionalization of social responsibility?

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation.

_____ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law.

Externally imposed boundaries of conduct, such as laws, rules, regulations, and other requirements are known as

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures, rather than on an individual's morals.

Mandated boundaries of conduct are imposed by

____________ must be trusted to make business work properly and includes accountants.

Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle, was the first consumer protection legislation?

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

According to the text, the opinions of society, as expressed through legislation, can change over time, and different courts and government legislatures may take different views about the acceptability of specific business activities. Why is this so?

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Which of the following groups is not a group that receives special legal protections?

In 2005 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.

Title VII of the Civil Rights Act of 1964

How do violations of the law usually start?

Which is not one of the four sources of criminal and civil laws?

Which of the following is not a provision of the Sarbanes-Oxley Act?

The _____ is an independent agency within the Federal Reserve System that "regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws."

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

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 4: The Institutionalization of Business Ethics

Which of the following is not an aspect of the institutionalization of social responsibility?

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation. ​

_____ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law.

Externally imposed boundaries of conduct, such as laws, rules, regulations, and other requirements are known as ​

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures, rather than on an individual's morals.

Mandated boundaries of conduct are imposed by

____________ must be trusted to make business work properly and includes accountants.

Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle, was the first consumer protection legislation?

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

According to the text, the opinions of society, as expressed through legislation, can change over time, and different courts and government legislatures may take different views about the acceptability of specific business activities. Why is this so?

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Which of the following groups is not a group that receives special legal protections?

In 2005 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.​

Title VII of the Civil Rights Act of 1964

How do violations of the law usually start?

Which is not one of the four sources of criminal and civil laws?

Which of the following is not a provision of the Sarbanes-Oxley Act?

The _____ is an independent agency within the Federal Reserve System that "regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws."

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

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

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation.

Externally imposed boundaries of conduct, such as laws, rules, regulations, and other requirements are known as

In 2005 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.