Question 1

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

Accepted Answer

A) Environmental Protection Agency 
B) World Bank 
C) Consumer Financial Protection Bureau 
D) World Trade Organization 
E) Sarbanes-Oxley Act

Question 2

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

Accepted Answer

A) Equal Pay Act of 1963 
B) Civil Rights Act of 1964 
C) Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 
D) Sherman Antitrust Act of 1890 
E) Occupational Safety and Health Act of 1970

Question 3

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.

Question 4

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

Accepted Answer

A) pollute waterways 
B) knowingly harm consumers 
C) contract with sweatshops 
D) establish monopolies 
E) help consumers

Question 5

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

Accepted Answer

The answer of Why do you think the costs of...

Question 6

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

Accepted Answer

A) values. 
B) norms. 
C) artifacts. 
D) behavior. 
E) employee compensation

Question 7

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

Question 8

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

Accepted Answer

A) CEO 
B) ethics officer 
C) social entrepreneur 
D) cause-related marketer 
E) Consumer Financial Protection Bureau

Question 9

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.

Question 10

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

Accepted Answer

A) ​Consumer Financial Protection Bureau 
B) ​Federal Trade Commission 
C) ​Better Business Bureau 
D) ​Open Compliance Ethics Group 
E) ​Occupational Safety and Health Administration

Question 11

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

Accepted Answer

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

Question 12

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

Accepted Answer

A) Equal Pay Act 
B) Americans with Disabilities Act 
C) Dodd-Frank Wall Street Reform and Consumer Protection Act 
D) Age Discrimination in Employment Act 
E) Title VII of the Civil Rights Act

Question 13

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

Accepted Answer

A) guard against anticompetitive behaviors. 
B) create synergy among businesses to improve the economy. 
C) encourage employees to report misconduct. 
D) discourage businesses from taking risks. 
E) mandate that companies engage in self-regulation.

Exam 4: The Institutionalization of Business Ethics

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

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

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

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

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

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

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

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

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

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

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

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

Exam 4: The Institutionalization of Business Ethics

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

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

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

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

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

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

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

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

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

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

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

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

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