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

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

Accepted Answer

A) Increases the accountability and transparency of financial institutions 
B) Creates a bureau to educate consumers in financial literacy 
C) Creates an organization to pay the bills of low-income consumers 
D) Create incentives for whistle-blowers to come forward 
E) Increases oversight of the financial industry 
A) Increases the accountability and transparency of financial institutions 
B) Creates a bureau to educate consumers in financial literacy 
C) Creates an organization to pay the bills of low-income consumers 
D) Create incentives for whistle-blowers to come forward 
E) Increases oversight of the financial industry

Question 3

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 4

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

Accepted Answer

A) sustained price cuts. 
B) free samples. 
C) discriminatory pricing. 
D) price collusion. 
E) corporate espionage. 
A) sustained price cuts. 
B) free samples. 
C) discriminatory pricing. 
D) price collusion. 
E) corporate espionage.

Question 5

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 6

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 7

Which of the following acts exempted the insurance industry from antitrust legislation?

Accepted Answer

A) Equal Pay Act of 1963 
B) Civil Rights Act of 1964 
C) McCarran-Ferguson Act of 1944 
D) Sherman Antitrust Act of 1890 
E) Occupational Safety and Health Act of 1970 
A) Equal Pay Act of 1963 
B) Civil Rights Act of 1964 
C) McCarran-Ferguson Act of 1944 
D) Sherman Antitrust Act of 1890 
E) Occupational Safety and Health Act of 1970

Question 8

Which of the following is one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Accepted Answer

A) Engage in cause-related marketing 
B) Provide oversight by high-ranking personnel 
C) Develop a system of voluntary practices 
D) Submit to periodic privacy audits 
E) Comply with ISO 14000 guidelines 
A) Engage in cause-related marketing 
B) Provide oversight by high-ranking personnel 
C) Develop a system of voluntary practices 
D) Submit to periodic privacy audits 
E) Comply with ISO 14000 guidelines

Question 9

Which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 1 to 3 percent of fines if their reports result in convictions of more than $1 million in penalties?

Accepted Answer

A) Title VII of the Civil Rights Act. 
B) The Sherman Antitrust Act. 
C) The Federal Sentencing Guidelines for Organizations. 
D) The Sarbanes-Oxley Act. 
E) The Dodd-Frank Act. 
A) Title VII of the Civil Rights Act. 
B) The Sherman Antitrust Act. 
C) The Federal Sentencing Guidelines for Organizations. 
D) The Sarbanes-Oxley Act. 
E) The Dodd-Frank Act.

Question 10

_____ law defines the rights and duties of individuals and organizations (including businesses).

Accepted Answer

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

Question 11

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 12

The Sarbanes-Oxley Act created the _____ to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing.

Accepted Answer

A) Public Company Accounting Oversight Board 
B) Corporate Accounting Oversight Commission 
C) Consumer Financial Protection Bureau 
D) Occupational Health and Safety Administration 
E) Equal Employment Opportunity Commission 
A) Public Company Accounting Oversight Board 
B) Corporate Accounting Oversight Commission 
C) Consumer Financial Protection Bureau 
D) Occupational Health and Safety Administration 
E) Equal Employment Opportunity Commission

Question 13

In 25 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 14

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Accepted Answer

A) conflicts of interest. 
B) cronyism. 
C) reporting transparency. 
D) corporate espionage. 
E) dual reporting. 
A) conflicts of interest. 
B) cronyism. 
C) reporting transparency. 
D) corporate espionage. 
E) dual reporting.

Question 15

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Accepted Answer

A) Department of Justice, Sarbanes-Oxley Act, and Open Compliance Ethics Group 
B) Department of Justice, Dodd-Frank Act, and Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations, tSarbanes-Oxley Act, and Dodd-Frank Act 
D) Food and Drug Administration, Federal Sentencing Guidelines for Organizations, and Sarbanes-Oxley Act 
E) Securities and Exchange Commission and Sarbanes-Oxley Act 
A) Department of Justice, Sarbanes-Oxley Act, and Open Compliance Ethics Group 
B) Department of Justice, Dodd-Frank Act, and Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations, tSarbanes-Oxley Act, and Dodd-Frank Act 
D) Food and Drug Administration, Federal Sentencing Guidelines for Organizations, and Sarbanes-Oxley Act 
E) Securities and Exchange Commission and Sarbanes-Oxley Act

Question 16

Donation of computer equipment to schools by Toshiba would be associated with _____ responsibilities.

Accepted Answer

A) economic 
B) voluntary 
C) legal 
D) ethical 
E) minimum 
A) economic 
B) voluntary 
C) legal 
D) ethical 
E) minimum

Question 17

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 18

The _____ regulates tobacco,dietary supplements,vaccines,veterinary drugs,medical devices,cosmetics,products that give off radiation,and biological products.

Accepted Answer

A) World Trade Organization 
B) Consumer Financial Protection Agency 
C) Department of Justice 
D) Environmental Protection Agency 
E) The Food and Drug Administration 
A) World Trade Organization 
B) Consumer Financial Protection Agency 
C) Department of Justice 
D) Environmental Protection Agency 
E) The Food and Drug Administration

Question 19

Some,especially those in business,complain that the Sarbanes-Oxley Act and similar legislation

Accepted Answer

A) is excessively complex and financially burdensome. 
B) is not necessary. 
C) is fair to all firms. 
D) has reduced restatements of financial reports. 
E) is too simplistic. 
A) is excessively complex and financially burdensome. 
B) is not necessary. 
C) is fair to all firms. 
D) has reduced restatements of financial reports. 
E) is too simplistic.

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?

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

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

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

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

Title VII of the Civil Rights Act of 1964

Which of the following acts exempted the insurance industry from antitrust legislation?

Which of the following is one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 1 to 3 percent of fines if their reports result in convictions of more than $1 million in penalties?

_____ law defines the rights and duties of individuals and organizations (including businesses).

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

The Sarbanes-Oxley Act created the _____ to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing.

In 25 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.?

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Donation of computer equipment to schools by Toshiba would be associated with _____ responsibilities.

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

The _____ regulates tobacco,dietary supplements,vaccines,veterinary drugs,medical devices,cosmetics,products that give off radiation,and biological products.

Some,especially those in business,complain that the Sarbanes-Oxley Act and similar legislation

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

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Exam 4: The Institutionalization of Business Ethics

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

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

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

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

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

Title VII of the Civil Rights Act of 1964

Which of the following acts exempted the insurance industry from antitrust legislation?

Which of the following is one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 1 to 3 percent of fines if their reports result in convictions of more than $1 million in penalties?

_____ law defines the rights and duties of individuals and organizations (including businesses).

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

The Sarbanes-Oxley Act created the _____ to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing.

In 25 the Supreme Court ruled that the federal sentencing guidelines were not mandatory but should serve only as recommendations judges should use in their decisions.?

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Donation of computer equipment to schools by Toshiba would be associated with _____ responsibilities.

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

The _____ regulates tobacco,dietary supplements,vaccines,veterinary drugs,medical devices,cosmetics,products that give off radiation,and biological products.

Some,especially those in business,complain that the Sarbanes-Oxley Act and similar legislation

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