Exam 3: Corporate Governance and Ethical Management

The fiduciary duty of the board of directors includes all of the following except for:

With respect to whistle blowing, the Sarbanes-Oxley Act:

The stakeholder view emphasizes the obligations of management to:

What is an inspirational short statement on key values?

Fraud can be defined as:

Which would be an example of a company using an ethical decision making model and taking ethical actions?

In putting together the best audit team for a high tech company, which of the following would be allowed under SOX and independence rules?

Section 302 of the Sarbanes-Oxley Act requires that management:

One of the duties of a board of directors is to protect the interests of stakeholders.Which of the following is an example of protecting such interests?

Each of the following is an element of fairness in accounting except for:

The Institute of Internal Auditors Code of Ethics includes each of the following principles except for:

In the Amgen case, one former employee, Shawn O'Brien, sued the company for:

Compare and contrast the agency and stakeholder theories of corporate governance from the perspective of those involved in and affected by managerial decision making.

Agency costs refer to:

The 2009 Ethics Resource Center National Business Ethics Survey indicates each of the following with respect to how employees view the ethics and ethical practices of organizations they work for except for:

In an ethical decision making model, the final step is

Under the Sarbanes-Oxley Act, which of the following bodies must contain members that are 100% independent of management?

As part of a required ethics course, students were required to take an online 90 minute ethics final.Facing graduation and many pressures with starting new jobs and moving, the students worked together to complete the final.Since the essays were all closely worded the same, the instructor could determine that some sort of cheating on the ethics exam had taken place.Using ethical decision making model, what should the school, instructor and students do? Would the suggested solution be different if the school had an honor code? The students used an egoism approach to rationalize cheating on the final.The school and the instructor have the dilemma of what to do.Although many would agree with punishment for the cheating, the dilemma is what is the goal/role of a school and course.As an educational institute, the goal is probably to educate the students.Is the cheating incident a failure of the students or the program? One solution that the students may not think of is that the cheating students would have to use ethical reasoning and ethical decision making model to justify the solution to the problem they caused.

The Act that enables a whistleblower to receive compensation for blowing the whistle if the claims are deemed to be valid is:

An ethical corporate culture can best be established by: