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


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.

F) B) and E)
G) B) and D)

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The Dodd-Frank Wall Street Reform and Consumer Protection Act


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.

F) C) and D)
G) None of the above

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Business ethics is a part of decision making


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.

F) B) and D)
G) A) and E)

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


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.

F) B) and E)
G) B) and C)

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


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

F) A) and E)
G) A) and D)

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Principles are


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.

F) A) and D)
G) B) and D)

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


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.

F) D) and E)
G) B) and E)

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How does ethics contribute to customer satisfaction?

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High levels of perceived corporate misco...

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


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

F) B) and E)
G) A) and E)

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


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

F) None of the above
G) B) and E)

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


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

F) A) and D)
G) C) and D)

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


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.

F) None of the above
G) C) and D)

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Ethical culture is defined as


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.

F) A) and B)
G) A) and C)

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E

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


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

F) A) and B)
G) B) and C)

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

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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.

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

A) True
B) False

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


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

F) A) and D)
G) C) and D)

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C

Why is it important that businesspeople study business ethics?

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Studying business ethics is important fo...

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


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.

F) A) and C)
G) B) and D)

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

A) True
B) False

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