Question 1

How do values and judgments play a critical role when we make ethical decisions?

Accepted Answer

One difference between an ordinary decision and an ethical one lies in "the point where the accepted rules no longer serve,and the decision maker is faced with the responsibility for weighing values and reaching a judgment in a situation which is not quite the same as any he or she has faced before." 5 Another difference relates to the amount of emphasis decision makers place on their own values and accepted practices within their company.Consequently,values and judgments play a critical role when we make ethical decisions.

Question 2

What business ethics issue was a major concern during the 192s?

Accepted Answer

A) Sustainability 
B) Consumerism 
C) Living wage 
D) Bribery 
E) Abusive managers 
A) Sustainability 
B) Consumerism 
C) Living wage 
D) Bribery 
E) Abusive managers C

Question 3

Ethical culture is defined as

Accepted Answer

A) rules, standards, and moral principles regarding what is right or wrong in specific situations. 
B) the establishment and enforcement of ethical codes throughout the organization. 
C) the development of rules and norms that are socially enforced. 
D) the codification of laws to reward organizations for taking action to prevent misconduct. 
E) acceptable behavior as defined by the company and industry. 
A) rules, standards, and moral principles regarding what is right or wrong in specific situations. 
B) the establishment and enforcement of ethical codes throughout the organization. 
C) the development of rules and norms that are socially enforced. 
D) the codification of laws to reward organizations for taking action to prevent misconduct. 
E) acceptable behavior as defined by the company and industry. E

Question 4

The Dodd-Frank Wall Street Reform and Consumer Protection Act

Accepted Answer

A) was very popular among Wall Street bankers. 
B) represented modest reform to the finance industry. 
C) came out of theological discussions in the 1920s. 
D) was designed to make the financial services industry more responsible. 
E) made it mandatory for public corporations to hire ethics officers. 
A) was very popular among Wall Street bankers. 
B) represented modest reform to the finance industry. 
C) came out of theological discussions in the 1920s. 
D) was designed to make the financial services industry more responsible. 
E) made it mandatory for public corporations to hire ethics officers.

Question 5

Why is the public more tolerant of consumer misconduct than business misconduct?

Accepted Answer

A) Businesses are expected to have a better idea of right and wrong. 
B) The decisions of individuals have little to do with ethics in the business world. 
C) There are big differences in wealth and success between businesses and consumers. 
D) More organizations commit misconduct than individual consumers. 
E) There is a large income disparity among professional businesspeople. 
A) Businesses are expected to have a better idea of right and wrong. 
B) The decisions of individuals have little to do with ethics in the business world. 
C) There are big differences in wealth and success between businesses and consumers. 
D) More organizations commit misconduct than individual consumers. 
E) There is a large income disparity among professional businesspeople.

Question 6

During the 199s 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 7

_____________ is a global compliance management standard that addresses risks,legal requirements,and stakeholder needs.

Accepted Answer

A) Ethical Trading Initiative 
B) UN Global Compact 
C) Defense Industry Initiative on Business Ethics and Conduct 
D) Stakeholder theory 
E) ISO 19600 
A) Ethical Trading Initiative 
B) UN Global Compact 
C) Defense Industry Initiative on Business Ethics and Conduct 
D) Stakeholder theory 
E) ISO 19600

Question 8

What happens when society deems a particular business action as wrong or unethical? ?

Accepted Answer

A) Legislation usually follows. 
B) The guilty individual is jailed. 
C) Self-regulation is deemed a failure. 
D) The company goes bankrupt. 
E) Fines automatically follow. 
A) Legislation usually follows. 
B) The guilty individual is jailed. 
C) Self-regulation is deemed a failure. 
D) The company goes bankrupt. 
E) Fines automatically follow.

Question 9

How does ethics contribute to customer satisfaction?

Accepted Answer

High levels of perceived corporate misco

Question 10

_____ is essential in building long-term relationships between businesses and consumers.

Accepted Answer

A) Profit 
B) Governance 
C) Trust 
D) Knowledge 
E) A code of ethics 
A) Profit 
B) Governance 
C) Trust 
D) Knowledge 
E) A code of ethics

Question 11

Employees' perceptions of their firm as having an ethical climate leads to

Accepted Answer

A) lack of focus on goals. 
B) greater focus on education. 
C) increased community involvement. 
D) improved relationships with competitors. 
E) enhanced outcomes. 
A) lack of focus on goals. 
B) greater focus on education. 
C) increased community involvement. 
D) improved relationships with competitors. 
E) enhanced outcomes.

Question 12

Why is it important that businesspeople study business ethics?

Accepted Answer

Studying business ethics is important fo

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

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.

Question 15

In the Reagan/Bush eras,the major focus of the business world was on

Accepted Answer

A) self-regulation rather than regulation by government. 
B) decreasing the number of mergers. 
C) decreasing the multinational presence in the U.S. marketplace. 
D) increasing government influence on the economic arena. 
E) improving business ethics. 
A) self-regulation rather than regulation by government. 
B) decreasing the number of mergers. 
C) decreasing the multinational presence in the U.S. marketplace. 
D) increasing government influence on the economic arena. 
E) improving business ethics.

Question 16

Which represented a far-reaching change to organizational control and accounting systems,making securities fraud a criminal offense?

Accepted Answer

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

Question 17

Principles are

Accepted Answer

A) laws and regulations that guide behavior in the world of business. 
B) mores, values, and customs that guide behavior in general. 
C) specific and pervasive boundaries for behavior that are universal and absolute. 
D) the obligations businesses have to maximize their positive impact and minimize their negative impact. 
E) the mores, values, and customs that parents teach their children. 
A) laws and regulations that guide behavior in the world of business. 
B) mores, values, and customs that guide behavior in general. 
C) specific and pervasive boundaries for behavior that are universal and absolute. 
D) the obligations businesses have to maximize their positive impact and minimize their negative impact. 
E) the mores, values, and customs that parents teach their children.

Question 18

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 19

Which of the following was developed in the 198s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Accepted Answer

A) Federal Sentencing Guidelines for Organizations 
B) Defense Industry Initiative on Business Ethics and Conduct 
C) Corporate codes of conduct 
D) United States Sentencing Commission 
E) The Southern Common Market 
A) Federal Sentencing Guidelines for Organizations 
B) Defense Industry Initiative on Business Ethics and Conduct 
C) Corporate codes of conduct 
D) United States Sentencing Commission 
E) The Southern Common Market

Question 20

Ralph Nader's book Unsafe at Any Speed ?helped spur the stakeholder theory movement.

Accepted Answer

A) True 
 B)False

How do values and judgments play a critical role when we make ethical decisions?

What business ethics issue was a major concern during the 192s?

Ethical culture is defined as

The Dodd-Frank Wall Street Reform and Consumer Protection Act

Why is the public more tolerant of consumer misconduct than business misconduct?

During the 199s the institutionalization of business ethics was largely driven by which piece of legislation?

_____________ is a global compliance management standard that addresses risks,legal requirements,and stakeholder needs.

What happens when society deems a particular business action as wrong or unethical? ?

How does ethics contribute to customer satisfaction?

_____ is essential in building long-term relationships between businesses and consumers.

Employees' perceptions of their firm as having an ethical climate leads to

Why is it important that businesspeople study business ethics?

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

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

In the Reagan/Bush eras,the major focus of the business world was on

Which represented a far-reaching change to organizational control and accounting systems,making securities fraud a criminal offense?

Principles are

Business ethics is a part of decision making

Which of the following was developed in the 198s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Ralph Nader's book Unsafe at Any Speed ?helped spur the stakeholder theory movement.

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

How do values and judgments play a critical role when we make ethical decisions?

What business ethics issue was a major concern during the 192s?

Ethical culture is defined as

The Dodd-Frank Wall Street Reform and Consumer Protection Act

Why is the public more tolerant of consumer misconduct than business misconduct?

During the 199s the institutionalization of business ethics was largely driven by which piece of legislation?

_____________ is a global compliance management standard that addresses risks,legal requirements,and stakeholder needs.

What happens when society deems a particular business action as wrong or unethical? ?

How does ethics contribute to customer satisfaction?

_____ is essential in building long-term relationships between businesses and consumers.

Employees' perceptions of their firm as having an ethical climate leads to

Why is it important that businesspeople study business ethics?

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

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

In the Reagan/Bush eras,the major focus of the business world was on

Which represented a far-reaching change to organizational control and accounting systems,making securities fraud a criminal offense?

Principles are

Business ethics is a part of decision making

Which of the following was developed in the 198s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Ralph Nader's book Unsafe at Any Speed ?helped spur the stakeholder theory movement.

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