Question 1

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Accepted Answer

A)  code of ethics. 
B)  opportunity. 
C)  moral philosophy. 
D)  guideline. 
E)  law. 
A)  code of ethics. 
B)  opportunity. 
C)  moral philosophy. 
D)  guideline. 
E)  law.

Question 2

Codes of ethics foster ethical behavior by

Accepted Answer

A)  expanding the opportunity to behave unethically by providing rewards for following the rules. 
B)  limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards. 
C)  limiting the opportunity to behave unethically by providing rewards for violations of the rules and standards. 
D)  expanding the opportunity to behave ethically by providing punishments for following the rules. 
E)  encouraging employees to bend the rules. 
A)  expanding the opportunity to behave unethically by providing rewards for following the rules. 
B)  limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards. 
C)  limiting the opportunity to behave unethically by providing rewards for violations of the rules and standards. 
D)  expanding the opportunity to behave ethically by providing punishments for following the rules. 
E)  encouraging employees to bend the rules.

Question 3

All a business has to do to maintain ethical conduct is to follow the law.

Accepted Answer

A) True 
 B)False

Question 4

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

Accepted Answer

Students' answers will vary,but they sho

Question 5

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

Accepted Answer

A)  keeping a secret. 
B)  career advancement. 
C)  plagiarism. 
D)  bullying. 
E)  bribery. 
A)  keeping a secret. 
B)  career advancement. 
C)  plagiarism. 
D)  bullying. 
E)  bribery.

Question 6

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

Accepted Answer

A)  Dodd-Frank 
B)  Federal Trade Commission 
C)  Foreign Corrupt Practices 
D)  Sarbanes-Oxley 
E)  Sherman Antitrust 
A)  Dodd-Frank 
B)  Federal Trade Commission 
C)  Foreign Corrupt Practices 
D)  Sarbanes-Oxley 
E)  Sherman Antitrust

Question 7

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

Accepted Answer

A)  plagiarism. 
B)  business relationships. 
C)  communications. 
D)  fairness and honesty. 
E)  conflicts of interest. 
A)  plagiarism. 
B)  business relationships. 
C)  communications. 
D)  fairness and honesty. 
E)  conflicts of interest.

Question 8

The principles and standards that determine acceptable conduct in business are referred to as

Accepted Answer

A)  norms. 
B)  strategies. 
C)  ethics. 
D)  laws. 
E)  rules. 
A)  norms. 
B)  strategies. 
C)  ethics. 
D)  laws. 
E)  rules.

Question 9

Which is not a dimension of social responsibility?

Accepted Answer

A)  Legal 
B)  Philosophic 
C)  Economic 
D)  Voluntary 
E)  Ethical 
A)  Legal 
B)  Philosophic 
C)  Economic 
D)  Voluntary 
E)  Ethical

Question 10

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

Accepted Answer

A) True 
 B)False

Question 11

The most common way that businesses exercise community responsibility is through.

Accepted Answer

A)  codes of ethics. 
B)  environmental reports. 
C)  obeying the law. 
D)  recycling. 
E)  contributions to charitable organizations. 
A)  codes of ethics. 
B)  environmental reports. 
C)  obeying the law. 
D)  recycling. 
E)  contributions to charitable organizations.

Question 12

What is business ethics?

Accepted Answer

Business ethics refers to principles and

Question 13

Which of the following statements about business ethics is false?

Accepted Answer

A)  It concerns the impact of a business's activities on society. 
B)  It refers to principles and standards that define acceptable behavior in business organizations. 
C)  It relates to an individual's values and moral standards and the resulting business decisions he or she makes. 
D)  What is ethical is determined by the public,government regulators,interest groups,competitors,and each individual's personal moral values. 
E)  Studying it can help you recognize ethical issues and understand how others make unethical decisions. 
A)  It concerns the impact of a business's activities on society. 
B)  It refers to principles and standards that define acceptable behavior in business organizations. 
C)  It relates to an individual's values and moral standards and the resulting business decisions he or she makes. 
D)  What is ethical is determined by the public,government regulators,interest groups,competitors,and each individual's personal moral values. 
E)  Studying it can help you recognize ethical issues and understand how others make unethical decisions.

Question 14

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

Accepted Answer

A) True 
 B)False

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Codes of ethics foster ethical behavior by

All a business has to do to maintain ethical conduct is to follow the law.

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

The principles and standards that determine acceptable conduct in business are referred to as

Which is not a dimension of social responsibility?

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

The most common way that businesses exercise community responsibility is through.

What is business ethics?

Which of the following statements about business ethics is false?

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

The Dynamics of Business and Economics

Business in a Borderless World

Options for Organizing Business

Small Business, entrepreneurship, and Franchising

The Nature of Management

Organization, teamwork, and Communication

Managing Service and Manufacturing Operations

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Filters

Exam 2: Business Ethics and Social Responsibility

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Codes of ethics foster ethical behavior by

All a business has to do to maintain ethical conduct is to follow the law.

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

The principles and standards that determine acceptable conduct in business are referred to as

Which is not a dimension of social responsibility?

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

The most common way that businesses exercise community responsibility is through.

What is business ethics?

Which of the following statements about business ethics is false?

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

The Dynamics of Business and Economics

Business in a Borderless World

Options for Organizing Business

Small Business, entrepreneurship, and Franchising

The Nature of Management

Organization, teamwork, and Communication

Managing Service and Manufacturing Operations

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Filters