Assignment
Question 1
As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:
philosophers.
chaplains.
financial advisors.
ombudspersons.
Question 2
Cross-cultural contradictions arise due to:
the emergence of a developing country's economic power.
religious differences practiced by business executives.
differences between home and host countries' ethical standards.
All of the above
Question 3
As business becomes increasingly global:
it must turn to national laws for guidance.
ethical issues become issues of free trade.
a global code of conduct will emerge for businesses.
cross-cultural contradictions will increase.
Question 4
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?
12%
33%
55%
70%
Question 5
A bottom-line mentality in business is reflected in which statement?
"I want it."
"We have to beat the others at all costs."
"Help yourself and those closest to you."
"Foreigners have a funny notion of what's right and wrong."
Question 6
When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:
utilitarian reasoning.
virtue ethics.
theological reasoning.
Plato and Aristotle.
Question 7
Which statement characterizes the moral reasoning typically found in a child?
"When in Rome, do as the Romans do."
"I'll scratch your back, if you'll scratch mine."
"Seek the greatest good for the greatest number."
"Respect the rights of others."
Question 8
People everywhere depend on ethical systems to tell them whether their actions are:
Legal or illegal.
Right or wrong.
Financially attainable or not.
Logical and reasonable judgment.
Question 9
Under the Sarbanes-Oxley Act, corporations are required to:
have their CEO and CFO sign off on financial statements as accurate and fair.
have their audit committee comprised of only executives employed by the firm.
collect reimbursements from the U.S. government if financial restatements occur.
All of the above
Question 10
A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of:
Conflict of interest.
Ethical relativism.
Moral development.
Egotism.
Question 11
According to a 2009 opinion poll, Americans hold a dim view of:
Organized labor.
The Supreme Court.
Churches.
Wall Street executives.
Question 12
The main drawback to utilitarian reasoning is that:
The majority may override the rights of those in the minority.
Managers using this reasoning process often fail to consider the means taken to reach the end.
It is difficulty to accurately measure both costs and benefits.
Cost-benefit calculations can only be provided by accountants.
Question 13
A conception of right and wrong is:
Impossible to know.
The definition of ethics.
Determined by power.
Based on stakeholder dialogue.
Question 14
People's ethical beliefs come from:
Legislative action and judicial decisions.
Reading the company's profit and loss statements.
Their religious background, family, and education.
The organization's code of ethics.
Question 15
A just or fair ethical decision occurs when:
The rights of all affected are considered.
The greatest good for those with power is achieved.
Benefits and burdens are distributed equally.
The rights of the rich are protected.
Question 16
One of the most widespread and potentially powerful efforts to combat bribery was initiated by:
the Global Forum on Fighting Corruption.
the Organization for Economic Cooperation and Development.
International Labour Organization.
The U.S. Foreign Corrupt Policy Act.
Question 17
Ethics policies typically cover all of the following issues except:
Developing guidelines for accepting or refusing gifts from suppliers.
Encouraging discriminatory personnel practices.
Avoiding conflict of interest.
Maintaining the security of proprietary information.
Question 18
If a manger approaches ethics with benevolence in mind, he or she would stress what?
Friendly relations with an employee.
Company rules and procedures.
Laws and professional codes.
Economic efficiency.
Question 19
Which ethical criterion is described by the idea that a company should strive for efficiency?
Egoism.
Benevolence.
Principle.
Business-centered.
Question 20
Building ethical safeguards into a company's everyday routines is called:
Change management.
Justifying ethics.
Institutionalizing ethics.
Ethical awareness.
Question 21
The critical component in installing an effective ethics program is:
To allow all employees the freedom to act as they wish.
In hiring an expensive ethics consultant.
The integration of various ethics safeguards into a comprehensive program.
Maintaining the position as the industry sales leader.
Question 22
If a manager approaches ethical issues with a self-centered approach, emphasis will be on:
Integrity.
Social relationship.
Economic efficiency.
Laws.
Question 23
In the United States and Latin America, ethics policies were found to be primarily:
Informational - providing guidance for recommended ethical activity with the company.
Instrumental - providing rules and procedures for employees to follow to adhere policy and law.
Social - providing a framework for ethical interaction between employees and customers.
General - providing basic definitions of ethical decision-making.
Question 24
A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:
Operating under the compliance-based approach.
Practicing "tone at the top."
Operating under the integrity-based approach.
Operating under the instrumental policy approach
Question 25
Integrity-based ethics programs:
Seek to avoid legal sanctions.
Combines concern for the law with an emphasis on employee responsibility.
Threatens employees with punishment for non-compliance with the ethics program.
Are predominately implemented within the European Union.
Question 26
By law, the financial records of publicly held companies are required to be:
Managed by an accounting department of at least 5 CPAs.
Summarized in the employee manual for new hires.
Reviewed quarterly by the IRS.
Audited by a certified professional accounting firm.
Question 27
All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:
The Public Interest.
Objectivity and Independence.
Due Process.
Due Care.
Question 28
Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:
Regulatory Percentage Track (RPT).
Ethics and Leadership Radar (ELR).
Quality Measurement (QM).
Ethical Quotient (EQ).
Question 29
A giant step is taken toward improving ethical performance throughout the company when:
the firm hires a university ethics professor to lecture employees on moral philosophy.
the Justice Department launches an investigation of the firm's pricing practices.
senior-level managers signal to employees that they believe ethics is a high priority.
a consumer hot line is created and staffed 24 hours a day.
Question 30
Recipients of the corporate ethics awards show that:
Awards are based on economic power, not ethical performance.
Firms can be financially successful and ethically focused.
Being legally compliant results in receiving an ethics award.
Improving ethical performance is very costly, but bolsters a firm's reputation.