Question 1: The ________ was called "a sweeping overhaul of the financial regulatory system...on a scale not seen since the reforms that followed the Great Depression."
Equal Pay Act
Americans with Disabilities Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Age Discrimination in Employment Act
VII of the Civil Rights Act
Question 2: 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
conflicts of interest.
cronyism.
reporting transparency.
corporate espionage.
dual reporting.
Question 3: ________ tie(s) an organization's product(s) directly to a social concern through a marketing program.
Voluntary contributions
Cause-related marketing
Strategic philanthropy
Corporate giving
Employee benefits
Question 4: Which of the following acts can be classified as procompetitive legislation?
Equal Pay Act of 1963
Civil Rights Act of 1964
McCarran-Ferguson Act of 1944
Sherman Antitrust Act of 1890
Occupational Safety and Health Act of 1970
Question 5: Which of the following acts exempted the insurance industry from antitrust legislation?
Equal Pay Act of 1963
Civil Rights Act of 1964
McCarran-Ferguson Act of 1944
Sherman Antitrust Act of 1890
Occupational Safety and Health Act of 1970
Question 6: Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?
Help create an ethical culture and values that can act as a buffer to organizational misconduct
Reduce government involvement by providing assistance to stakeholders
Develop employee leadership skills
Improve employee compensation and retention
Improve the quality of life in communities
Question 7: Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?
Department of Justice and Open Compliance Ethics Group
Department of Justice and the Sarbanes-Oxley Act
Federal Sentencing Guidelines for Organizations and the Sarbanes-Oxley Act
Food and Drug Administration and the Sarbanes-Oxley Act
Securities and Exchange Commission and the Sarbanes-Oxley Act
Question 8: The primary objective of U.S. antitrust laws is to
protect consumers from high prices and foreign products.
protect domestic businesses.
protect employees.
promote strategies that enhance business welfare over consumer welfare.
distinguish competitive strategies that enhance consumer welfare from those that reduce it.
Question 9: The relationship between business ethics and age
shows a negative correlation.
is simple. Greater experience leads to better ethical decision making.
is complex, although experience helps older employees make ethical decisions.
suggests that employees with less experience have a greater ability to deal with complex industry-specific ethical issues.
does not demonstrate a statistically significant correlation.
Question 10: The ________ includes the motivational "carrots and sticks" superiors use to influence employee behavior.
Obedience to authority
Immediate job context
Locus of control
Normative approach
Descriptive approach
Question 11: Which of the following is the first step in the ethical decision making process?
Being socialized into the firm's corporate culture
Applying a personal moral philosophy in order to individualize the ethical decision making process
Recognizing that an issue requires an individual or work group to make a choice that ultimately will be judged by stakeholders as right or wrong
Soliciting the opinions of others in a work group or in the overall business in order to gain feedback
Enforcing the firm's ethical standards with rewards and punishment
Question 12: Employees that see themselves as going with the flow because that's all they can do have a(n)
external locus of control.
moral intensity
obedience to authority
opportunity
internal locus of control.
Question 13: ________ institutions include religion, education, and individuals such as the family unit.
Social
Conservative
Economic
Liberal
Political
Question 14: ________ is the first sign that an unethical decision has occurred.
Guilt
Reward
Punishment
Cognitive dissonance
Happiness
Question 15: ________ relates to individuals' perceptions of social pressure and the harm they believe their decisions will have on others.
Ethical awareness
Moral intensity
Individual factors
Ethical issue intensity
Social awareness
Question 16: The ________ states that economic and social equalities should be arranged to provide the most benefit to the least-advantaged members of society.
Equality principle
Difference principle
Constitutional principle
Liberty principle
Justice principle
Question 17: ________ is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.
John Maynard Keynes
Henry Kissinger
George Washington
Adam Smith
Lawrence Kohlberg
Question 18: ________ believe that no one thing is intrinsically good.
Hedonists
Pluralists
Relativists
Deontologists
Teleologists
Question 19: Which moral philosophy considers an act to be morally right or acceptable if it produces some desired result?
Teleology
Deontology
The relativist perspective
Ethical formalism
Hedonism
Question 20: An individual who believes that an action is ethical because others within his or her company and industry regularly engage in the activity is probably a(n)
utilitarian.
relativist.
teleologist.
deontologist.
egoist.
Question 21: An individual who emphasizes others rather than himself or herself in making decisions is in which of the following of Kohlberg's stages of development?
Universal ethical principles (6th stage)
Mutual interpersonal expectations, relationships, and conformity (3rd stage)
Social system and conscience maintenance (4th stage)
Punishment and obedience (1st stage)
Prior rights, social contract, or utility (5th stage)
Question 22: ________ justice is based on the evaluation of outcomes or results of the business relationship.
Procedural
Interactional
Distributive
Ethical
Egotistical
Question 23: ________ argues that ethical behavior involves not only adhering to conventional moral standards but also considering what a mature person with a "good" moral character would deem appropriate.
Act utilitarianism
Virtue ethics
Reciprocity
Hedonism
Rule deontology
Question 24: A central problem with relativism is
that it emphasizes people's differences, not similarities.
that few people believe that these principles are important.
that they are very complicated.
that they represent unattainable goals.
that many feel that virtue ethics only works in theory.
Question 25: Eric views animal research in the pharmaceutical industry as a way to improve drugs that will benefit mankind. Which moral philosophy most closely represents his viewpoint?
Egoism
Relativism
Humanitarianism
Utilitarianism
Individualism