Question 1

Ethical culture is defined as

Accepted Answer

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 E)
G) A) and B)

Question 2

Many consumers are willing to pay more money for socially responsible products.

Accepted Answer

A) True 
 B)False

Question 3

Investors are concerned about business ethics because they know that misconduct can

Accepted Answer

A)  harm the ability to monitor changes.
B)  increase prices of consumer products.
C)  cause delays in government intervention.
D)  lower stock value and prices.
E)  complicate business financial reporting.F) A) and D)
G) A) and B)

Question 4

The Foreign Corrupt Practices Act outlawed

Accepted Answer

A)  global accounting fraud.
B)  price collusion.
C)  corruption in foreign governments.
D)  bribery of officials in other countries.
E)  executive misconduct.F) A) and E)
G) A) and C)

Question 5

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business is defined as

Accepted Answer

A)  stakeholder orientation
B)  values
C)  principles
D)  business ethics
E)  integrity managementF) D) and E)
G) B) and C)

Question 6

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

Accepted Answer

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

Question 7

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

Accepted Answer

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 ActF) A) and B)
G) A) and C)

Question 8

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

Accepted Answer

A)  lack of focus on goals.
B)  greater focus on education.
C)  increased community involvement.
D)  improved relationships with competitors.
E)  enhanced outcomes.F) All of the above
G) B) and D)

Question 9

What concept refers to a person's personal philosophy about what is right or wrong?

Accepted Answer

A)  Philosophy
B)  Values
C)  Principles
D)  Integrity
E)  MoralsF) A) and E)
G) A) and B)

Question 10

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

Accepted Answer

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

Question 11

Which of the following was not a provision of the Sarbanes-Oxley Act?

Accepted Answer

A)  It stiffened penalties for corporate fraud.
B)  It created an accounting oversight board that requires corporations to establish codes of ethics for financial reporting.
C)  It required top executives to sign off on their firms' financial statements.
D)  It outlawed bribery of officials in other countries.
E)  It made securities fraud a criminal offense.F) B) and D)
G) A) and C)

Exam 1: The Importance of Business Ethics

What concept refers to a person's personal philosophy about what is right or wrong?

Correct Answer
verified

Which of the following was not a provision of the Sarbanes-Oxley Act?

Correct Answer
verified

The Foreign Corrupt Practices Act outlawed

Correct Answer
verified

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

Correct Answer
verified

Many consumers are willing to pay more money for socially responsible products.

Correct Answer
verified

Investors are concerned about business ethics because they know that misconduct can

Correct Answer
verified

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

Correct Answer
verified

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business is defined as

Correct Answer
verified

Ethical culture is defined as

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Exam 1: The Importance of Business Ethics

What concept refers to a person's personal philosophy about what is right or wrong?

Correct AnswerverifiedShow Answer

Which of the following was not a provision of the Sarbanes-Oxley Act?

Correct AnswerverifiedShow Answer

The Foreign Corrupt Practices Act outlawed

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Many consumers are willing to pay more money for socially responsible products.

Correct AnswerverifiedShow Answer

Investors are concerned about business ethics because they know that misconduct can

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business is defined as

Correct AnswerverifiedShow Answer

Ethical culture is defined as

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified