Question 1

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 2

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

Accepted Answer

A) Voluntary contributions 
B) Cause-related marketing 
C) Strategic philanthropy 
D) Corporate giving 
E) Employee benefits

Question 3

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

Accepted Answer

A) Public Company Accounting Oversight Board 
B) Corporate Accounting Oversight Commission 
C) Enron Accounting Fraud Administration 
D) Occupational Health and Safety Administration 
E) Equal Employment Opportunity Commission

Question 4

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) McCarran-Ferguson Act of 1944 
D) Sherman Antitrust Act of 1890 
E) Occupational Safety and Health Act of 1970

Question 5

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

Question 6

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 7

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.

Question 8

Laws and regulations change over time;however,in the United States the thrust of most business legislation can be summed up as

Accepted Answer

A) any practice is permitted. 
B) any practice is permitted that does not substantially reduce competition and harm consumers or society. 
C) any practice is permitted that does not substantially harm consumers or society,but this applies only within the United States. 
D) any practice is permitted that does not harm the environment. 
E) any practice is permitted that does not break the law.

Question 9

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

Question 10

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

Accepted Answer

A) protect consumers from high prices and foreign products. 
B) protect domestic businesses. 
C) protect employees. 
D) promote strategies that enhance business welfare over consumer welfare. 
E) distinguish competitive strategies that enhance consumer welfare from those that reduce it.

Question 11

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

Accepted Answer

A) Institutionalization of ethics is now mandated for all organizations by governments around the world 
B) Stakeholders have recognized the need for improving business ethics 
C) The government has stepped in when scandals and misconduct have damaged key constituents of businesses 
D) Gatekeepers have been questioned as to their contributions to major scandals 
E) Highly ethical companies tend to be more profitable than those suffering from misconduct issues

Question 12

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) legal compliance. 
E) employee compensation

Question 13

What ethical issues affecting consumers and society as a whole are created by unfair competition?

Accepted Answer

The answer of What ethical issues affecting consumers and society...

Question 14

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 15

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.

Accepted Answer

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

Question 16

The of ethics involves embedding values,norms,and artifacts in organizations,industries,and society.

Accepted Answer

A) institutionalization 
B) rationalization 
C) commercialization 
D) mobilization 
E) enforcement

Question 17

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.

Accepted Answer

A) Social responsibility 
B) Business ethics 
C) Corporate philanthropy 
D) Strategic philanthropy 
E) Cause-related marketing

Question 18

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

Exam 4: The Institutionalization of Business Ethics