Exam 4: The Institutionalization of Business Ethics

One of the steps the U.S.Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.?

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(True/False)

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Question 1

Correct Answer:

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True

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?

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(Essay)

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Question 2

Correct Answer:

Verified

The role of laws is not so much to determine what is ethical or unethical as to determine the appropriateness of specific activities or situations. In other words,laws establish the basic ground rules for responsible business activities. Laws,or public policy,is dynamic and changes in response to business abuses and consumer demands for safety and equality.

Companies that _____ will most likely be found in violation of procompetitive legislation.

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(Multiple Choice)

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Question 3

Correct Answer:

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How do violations of the law usually start?

(Multiple Choice)

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Question 4

Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.?

(True/False)

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Question 5

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?

(Multiple Choice)

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Question 6

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

(Multiple Choice)

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Question 7

Which of the following acts can be classified as procompetitive legislation?

(Multiple Choice)

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Question 8

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

(Multiple Choice)

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Question 9

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

(Essay)

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Question 10

_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.

(Multiple Choice)

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Question 11

A major purpose of the Federal Sentencing Guidelines for Organizations,the Sarbanes-Oxley Act,and the Dodd-Frank Act is to

(Multiple Choice)

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Question 12

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

(True/False)

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Question 13

_____ responsibilities relate to a business's contributions to stakeholders.

(Multiple Choice)

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Question 14

The primary objective of U.S.antitrust laws is to

(Multiple Choice)

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Question 15

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

(Multiple Choice)

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Question 16

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

(Multiple Choice)

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Question 17

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

(Multiple Choice)

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Question 18

_____ 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.

(Multiple Choice)

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Question 19

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.?

(Multiple Choice)

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Question 20

Showing 1 - 20 of 51

One of the steps the U.S.Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.?

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?

Companies that _____ will most likely be found in violation of procompetitive legislation.

How do violations of the law usually start?

Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.?

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?

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

Which of the following acts can be classified as procompetitive legislation?

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

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.

A major purpose of the Federal Sentencing Guidelines for Organizations,the Sarbanes-Oxley Act,and the Dodd-Frank Act is to

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

_____ responsibilities relate to a business's contributions to stakeholders.

The primary objective of U.S.antitrust laws is to

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

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

_____ 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.

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.?

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

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