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Q:
Which of the following is not a typical use of an ethics reporting mechanism?
A. To provide interpretations of proper ethical behavior involving conflicts of interest and the appropriateness of gift giving.
B. To give employees an opportunity to discuss the appropriate rating on their annual performance reviews without managements influence.
C. To create an avenue to make known to the proper authorities allegations of unethical conduct.
D. To give employees and other corporate stakeholders a way to discover general information about a wide range of work-related topics.
Q:
Ethics reporting mechanisms have been:
A. Established to create an avenue for the company to obtain allegations of unethical conduct.
B. Increasing in employee use and effectiveness.
C. Wholly rejected by skeptical and weary employees.
D. Both A and B, but not C.
Q:
Most ethics or compliance officers are generally entrusted to:
A. Act as a liaison between the company and the Securities and Exchange Commission.
B. Reduce the risks to the company of employee misconduct.
C. Annually distribute copies of the companys code of ethics to all interested stakeholders.
D. Arrange for ethics training for employees at a nearby university.
Q:
Ethics policies typically cover all of the following issues except:
A. Developing guidelines for accepting or refusing gifts from suppliers.
B. Encouraging discriminatory personnel practices.
C. Avoiding conflict of interest.
D. Maintaining the security of proprietary information.
Q:
In the United States and Latin America, ethics policies were found to be primarily:
A. Informational providing guidance for recommended ethical activity with the company.
B. Instrumental providing rules and procedures for employees to follow to adhere policy and law.
C. Social providing a framework for ethical interaction between employees and customers.
D. General providing basic definitions of ethical decision-making.
Q:
Business managers need a set of ethical guidelines to help them:
A. Understand the changing customs throughout the world.
B. Justify the resolution which best helps them.
C. Identify and analyze the nature of the ethical problem.
D. None of the above.
Q:
A giant step is taken toward improving ethical performance throughout the company when:
A. The firm hires a university ethics professor to lecture employees on moral philosophy.
B. The Justice Department launches an investigation of the firms pricing practices.
C. Senior-level managers signal to employees that they believe ethics is a high priority.
D. A consumer hot line is created and staffed 24 hours a day.
Q:
Integrity-based ethics programs:
A. Seeks to avoid legal sanctions.
B. Combines concern for the law with an emphasis on employee responsibility.
C. Threatens employees with punishment for non-compliance with the ethics program.
D. Are predominately implemented within the European Union.
Q:
A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:
A. Operating under the compliance-based approach.
B. Practicing tone at the top.
C. Operating under the integrity-based approach.
D. Operating under the instrumental policy approach.
Q:
Building ethical safeguards into a companys everyday routines is called:
A. Change management.
B. Justifying ethics.
C. Institutionalizing ethics.
D. Ethical awareness.
Q:
Which of the following organizations code of ethics advocates loyalty to your organization, justice to those whom you deal and faith in your profession?
A. Institute for Supply Management.
B. Institute of Certified Public Accountants.
C. Financial Accounting Standards Board.
D. Association for Computing Machinery.
Q:
When a bank employee makes trades using the firms money without its authorization, the practice is called:
A. Rogue accounting.
B. Rogue trading.
C. Ponzi scheme.
D. Imbalanced banking.
Q:
A member of the Chartered Financial Analyst Institute (CFA) must:
A. Promote the integrity of and uphold the rules governing global capital markets.
B. Act with integrity, competence, diligence, respect, and in an ethical manner with the public.
C. Maintain and improve their professional competence.
D. All of the above.
Q:
All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:
A. The Public Interest.
B. Objectivity and Independence.
C. Due Process.
D. Due Care.
Q:
By law, the financial records of publicly held companies are required to be:
A. Managed by an accounting department of at least 5 CPAs.
B. Summarized in the employee manual for new hires.
C. Reviewed quarterly by the IRS.
D. Audited by a certified professional accounting firm.
Q:
Which ethical criterion is described by the idea that a company should strive for efficiency?
A. Egoism.
B. Benevolence.
C. Principle.
D. Business-centered.
Q:
If a manger approaches ethics with benevolence in mind, he or she would stress what?
A. Friendly relations with an employee.
B. Company rules and procedures.
C. Laws and professional codes.
D. Economic efficiency.
Q:
Which of the following is not an example of an ethical criterion?
A. Egoism.
B. Concern for others.
C. Principle.
D. Corporate driven.
Q:
If a manager approaches ethical issues with a self-centered approach, emphasis will be on:
A. Integrity.
B. Social relationship.
C. Economic efficiency.
D. Laws.
Q:
The unspoken understanding among employees of what is and is not acceptable behavior is called:
A. Ethical climate.
B. Efficiency.
C. Success.
D. Rites and rituals.
Q:
The core components upon which a companys ethical performance depends include:
A. The values and virtues of the managers.
B. The personal character of the managers and employees.
C. The traditions, attitudes, and business practices built into a companys culture.
D. All of the above.
Q:
Illegal acts committed by employees, such as fraud and insider trading, is called blue-collar crime.
Q:
Following laws can always define proper action.
Q:
Ethics deal with human dilemmas that frequently go beyond the formal language of law.
Q:
According to a recent Transparency International survey, Denmark and Sweden are two countries that are least likely to be subjected to bribery.
Q:
In the United States, most ethics policies are primarily based on the companys mission and vision.
Q:
The majority of large U.S. corporations do not have codes of ethics.
Q:
Any business that wished to do so can improve the quality of its ethical performance.
Q:
The American Institute of Certified Public Accountants Code directs accountants to be responsible to their clients and their profession, but not to the public.
Q:
Honesty, integrity and accuracy are absolute requirements of the accounting function.
Q:
All ethics issues in business are the same.
Q:
It is impossible for multiple ethical climates to exist within one organization.
Q:
Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.
Q:
In a benevolence ethical climate, the interests of the companys employees and external stakeholders most likely would be given high priority.
Q:
In most companies, a moral atmosphere cannot be detected.
Q:
Personal values and moral character play key roles in improving a companys ethical performance.
Q:
Define white-collar crime. Provide three examples of such criminal acts.
Q:
Define law. Discuss the differences between law and ethics.
Q:
Define bribery. Explain why certain countries are less likely to participate in such acts.
Q:
How are firms honored for their efforts to create an ethical climate? Provide examples of role model companies and what efforts they took to develop effective ethics programs.
Q:
Construct a comprehensive ethics program using four of the six ethical safeguards identified in the textbook.
Q:
Not all ethics issues in business are the same. Discuss the distinct ethical issues across three different organizational functions. Highlight details of the professional codes of conduct for each.
Q:
Define ethical climate. Discuss the differences and similarities among the ethical climates outlined in the textbook.
Q:
Which of the following is not an example of a white-collar crime?
A. Embezzlement.
B. Check fraud.
C. Theft.
D. Money laundering.
Q:
The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical standards, in how they conduct and monitor business operations.
Q:
What are the four methods of ethical reasoning? Discuss the limitations of each of the four methods.
Q:
Define and discuss the six stages of moral development. What is the ethics referent at each stage? What is the basis of ethics reasoning at each stage?
Q:
How does a persons spirituality influence his/her ethical behavior? How have organizations responded to increased attention to spirituality and religion at work attempting to accommodate their employees?
Q:
There are four reasons stated in the textbook as to why ethical problems occur in business. Identify the nature of each ethical problem and the typical approach taken in response to the problem.
Q:
Explain the purpose of the Sarbanes-Oxley Act. What issues does the act address? Discuss recent changes in regulatory interpretation of the Act.
Q:
Discuss why businesses should be ethical.
Q:
Briefly discuss the meaning of ethics.
Q:
The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups:
A. May honestly and genuinely use different sources of information.
B. May rank various rights in different ways.
C. May not share the same meaning of justice.
D. All of the above.
Q:
A just or fair ethical decision occurs when:
A. The rights of all affected are considered.
B. The greatest good for those with power is achieved.
C. Benefits and burdens are distributed equally.
D. All of the above.
Q:
Which of the following is not true about justice reasoning?
A. The reasoner is interested in the net value of benefits.
B. The reasoner considers who pays the costs and who receives the benefits.
C. The reasoner seeks a fair distribution to all affected.
D. The reasoner relies upon some accepted rule or standard.
Q:
At the core of rights reasoning is the belief that:
A. The companys right to a profit must be protected.
B. Respecting others is the essence of human rights.
C. The right to join a union is no longer universally accepted.
D. Economic and political powers determine who is right.
Q:
The main drawback to utilitarian reasoning is that:
A. The majority may override the rights of those in the minority.
B. Managers using this reasoning process often fail to consider the means taken to reach the end.
C. It is difficulty to accurately measure both costs and benefits.
D. Cost-benefit calculations can only be provided by accountants.
Q:
Utilitarian reasoning primarily considers:
A. The end results of an action.
B. The rights of the unprotected.
C. The distribution of benefits.
D. Both A and C, but not B.
Q:
When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:
A. Utilitarian reasoning.
B. Virtue ethics.
C. Theological reasoning.
D. Plato and Aristotle.
Q:
Aristotle argued:
A. Self-control is the most virtuous of values.
B. Faith is a road to charity and modesty.
C. Moral virtue is a mean between two virtues.
D. High-mindedness delivers human integrity.
Q:
Business managers need a set of ethical guidelines to help them:
A. Understand the changing customs throughout the world.
B. Justify the resolution which best helps themselves.
C. Identify and analyze the nature of ethical problem.
D. None of the above.
Q:
All of the following values are present in most ethical decisions except:
A. Be fair and just.
B. Be respectful.
C. Act responsibly.
D. Be honest.
Q:
Mature adults typically base their ethical reasoning on broad principles and relationships such as:
A. Human rights and constitutional guarantees of human dignity.
B. Universal principles of justice.
C. Customs and traditions show by their peers.
D. Both A and B, but not C.
Q:
Which statement characterizes the moral reasoning typically found in a child?
A. When in Rome, do as the Romans do.
B. Ill let you play with my toy if I play with yours.
C. Seek the greatest good for the greatest number.
D. Respect the rights of others.
Q:
As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:
A. Philosophers.
B. Chaplains.
C. Financial advisors.
D. Ombudspersons.
Q:
Scholars found that spirituality:
A. Negatively affects employee and organizational performance.
B. Positively affects employee and organizational performance.
C. Has no affect on employee and organizational performance.
D. Only affects the employee performance of not for profit organizations.
Q:
According to a 2009 opinion poll, Americans hold a dim view of:
A. Organized labor.
B. The Supreme Court.
C. Churches.
D. Wall Street executives.
Q:
As business becomes increasingly global:
A. It must turn to national laws for guidance.
B. Ethical issues become issues of free trade.
C. A global code of conduct will emerge for businesses.
D. Cross-cultural contradictions will increase.
Q:
Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?
A. Legally marketing a pesticide abroad that has been banned in the U.S.
B. Circumventing government regulations to ensure company profits.
C. Hiring child workers in violation of civil law.
D. False and misleading advertising claims.
Q:
Cross-cultural contradictions arise due to:
A. The emergence of a developing countrys economic power.
B. Religious differences practiced by business executives.
C. Differences between home and host countries ethical standards.
D. All of the above.
Q:
A purchasing agent directing her companys orders to a firm which she received a valuable gift, is an example of:
A. Conflict of interest.
B. Ethical relativism.
C. Moral development.
D. Egotism.
Q:
A bottom-line mentality in business is reflected in which statement?
A. I want it.
B. We have to beat the others at all costs.
C. Help yourself and those closest to you.
D. Foreigners have a funny notion of whats right and wrong.
Q:
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?
A. 12%
B. 33%
C. 55%
D. 70%
Q:
The Sarbanes-Oxley Act: A. Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy. B. Does not hold auditing firms liable for their clients inaccurate account reporting. C. Requires executives to pay back bonuses based on earnings that are later proved fraudulent. D. Allows an auditing firm from providing the same client with non-auditing services.
Q:
Under the Sarbanes-Oxley Act, corporations are required to:
A. Have executives vouch for the accuracy of a firms financial reports.
B. Have their audit committee comprised of only executives employed by the firm.
C. Collect reimbursements from the U.S. government if financial restatements occur.
D. All of the above.
Q:
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:
A. Increased.
B. Reduced.
C. Unaffected.
D. Decided by the company.
Q:
Business executives are finding that a trusting, ethical relationship with a business partner is:
A. Best left to not-for-profit companies.
B. Too costly to maintain.
C. Likely to cause legal problems.
D. Often essential in conducting business.
Q:
Why should business be ethical?
A. Most people want to act in ways that are consistent with their own sense of right and wrong.
B. Ethical behavior protects business firms from abuse by unethical employees and competitors.
C. Societys stakeholders expect it from businesses.
D. All of the above.
Q:
Businesses are expected to be ethical in their relationships with:
A. Stockholders.
B. Customers.
C. Competitors.
D. All of the above.
Q:
People everywhere depend on ethical systems to tell them whether their actions are:
A. Legal or illegal.
B. Right or wrong.
C. Financially attainable or not.
D. Logical and reasonable judgment.