QUESTION 1
Which of the following is a possible unintended consequence of an organization's focusing more on ethics planning that on implementation?
Unethical conduct is viewed as acceptable behavior.
The government implements its own audits.
The ethics program is poorly designed
Employees become annoyed.
The implementation process incurs large costs for the organization.
QUESTION 2
A(n) _________ is a tool that companies can employ to indentify and measure their ethical commitment to stakeholders.
Ethical audits
Social audits
Financial Audits
Performance Audits
External Audits
QUESTION 3
Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to
Cultural differences
multinational corporations
consumerism
legal difference
international negotiations
QUESTION 4
In ascending Order, Caroll's four levels of social responsibility are:
ethical, legal, economic, philanthropic
economic, ethical, philanthropic, legal
economic, legal, ethical, philanthropic
legal, ethical, economic, philanthropic
ethical, legal, moral, economic
QUESTION 5
Which ISO guideline pertains to environmental regulation standards and was designed to help reduce a firm's pollution, waster and carbon footprint?
ISO 3000
ISO 2000
ISO 265000
ISO 26000
!SO 14000
QUESTION 6
The term used to express how a firm meets its stakeholder exprectations of its economic, legal, ethical and philanthropic responsibilities is:
reputation
corporate citizenship
corporate ethical audit
ethical citizenship
fiduciary duties
QUESTION 7
Which economist espoused a kind of Darwinian or "wild west" version of capitalism?
Adam Smithy
Theodore Levitt
Norman Bowie
Herman Miller
Milton Friedman
QUESTION 8
What type of fraudulent activity could involve a comsumer staging an accident to seek damages?
Whacking
Duplicity
Guile
Defamation
Collusion
QUESTION 9
Prior to the 2008 financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations that they rated. The organizations would shop around for the agency that gave them the best rating.
high ethical standards
excessively complicated systems
a hostile workplace
conflicts of interest
a good business model
QUESTION 10
_____ are used to obtain or retain business and are not generally considered illegal in the U.S.
Facilitation payments
Bribes
Gifts
Coercive techniques
Threats
QUESTION 11
Which of the following is not a step in the ethics auditing process?
Secure commitment of top executives and directors.
Review organizational mission, goals, values and policies, and define ethical priorities.
Report the results to the U.S. Sentencing Commission.
Collect and analyze relevant information.
verify the result.
QUESTION 12
The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture.
compliance
integrity
financial management
corporate culture
transparency
QUESTION 13
Which of the following is not a measure of ethical climate?
Collective skill
Collective ethical sensitivity
Collective judgment
Collective character
Collective moral motivation
QUESTION 14
During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility?
Secure commitment of top managers and directors.
Establish a committee to oversee the audit.
Define the scope of the audit process
Review organizational mission, goals, values, and policies.
verify the results.
QUESTION 15
A(n) _____ is a financial accounting firm that offers social auditing services or a nonprofit special interest group with auditing experience that verifies the results of ethics auditing data analysis
stakeholder
ethics audit consultant
best practices expert
financial consultant
board of directors
QUESTION 16
_____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand
Consumerism
Cultural relativism
Social Democracy
Laissez-fair
Bimmodal wealth distribution
QUESTION 17
______ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.
Rational economics
Socialism
Cultural relativisim
National culture
Behavioral economics
QUESTION 18
Which of the following is not a criticism of or charge against multinational corporations (MNCs)?
They transfer jobs overseas, where wage rates are lower
They increase the gap between rich and poor nations
They pay excessively high taxes everywhere
They exploit the labor markets of host countries
They have an unfair advantage when competing with local businesses
QUESTION 19
Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues?
Levying import taxes to lower the prices MNCs charge for their products
Halting the establishment of minimum wage laws
Avoiding the United Nations' monitoring efforts
Preventing the formation of labor unions
Imposing export taxes to force MNCs to share more of their profits
QUESTION 20
An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the
cultural reference criterion
unconscious cultural criterion
cultural-self criterion
self-reference criterion
unconscious cultural-self criterion
QUESTION 21
Which moral philosophy evaluates the morality of an action on the basis of principles or rules designed to promote the greatest overall utility rather than by examining situations individually?
Rule utilitarianism
Act utilitarianism
Rule deontology
Act deontology
egoism
QUESTION 22
Which moral perspective defines ethical behavior subjectively from the unique experiences of individuals and groups?
Virtue ethics
Egoism
The relativist perspective
Absolutism
Justice
QUESTION 23
_____ typically focuses on the end result of actions and happiness created by them, whereas _____ emphasizes the means and motives by which actions are justified.
Pragmatism; hedonism
Deontology; pragmatism
Utilitarianism; deontology
Utilitarianism; a goodness theory
A goodness theory; an obligation theory
QUESTION 24
Enlightened egoism
is when an individual puts spiritual feelings above all others.
centers completely on the short-term well-being of others.
centers on one's short-term self-interest.
centers on one's long-term self-interest but takes others' well-being into account.
centers on the long-term well-being of others
QUESTION 25
_____ have lower ethical issue sensitivity, meaning they are less likely to detect ethical issues. They may be more committed to completing projects and more dedicated to group values and objectives.
Relativists
Hedonists
Pragmatists
Decontologists
Teleologists
QUESTION 26
Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations?
Adverse opinion
Qualified opinion
Unqualified opinion
Favorable opinion
Disclaimer of opinion
QUESTION 27
Under the _____, CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements.
Sherman Antitrust Act
Ethical Compliance Act
Robinson-Patman Act
Sarbanes-Oxley Act
Sherman Antitrust Act
QUESTION 28
During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees' ethical decisions and conduct?
Secure commitment of top managers and directors
Establish a committee to oversee the audit
Define the scope of the audit
Collect and analyze relevant information
Verify the results
QUESTION 29
_____ are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success.
Customers
Employees
Special interest groups
Competitors
Legislators
QUESTION 30
The concept of ethics auditing emerged from the movement to audit and report on companies' broader _____ initiatives.
product development
legal compliance
risk management
public relations
social responsibility
QUESTION 31
Which of the following is probably the best way for a manager to provide good ethics leadership?
Hire an ethics officer
Write a code of conduct
Conduct ethics audits
Set a good example
Only hire good employees
QUESTION 32
Which of the following statements about multinational corporations (MNCs) is false?
MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region.
MNCs are inherently unethical and always do harm in the countries in which they operate.
MNCs are characterized by a global strategy of focusing on opportunities throughout the world.
Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of many countries.
Because of their size and power, MNCs have been the subject of much criticism and the source of a number of ethical issues.
QUESTION 33
When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called
self-reference criterion
country cultural values
consumerism
cultural relativism
dumping
QUESTION 34
_____ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards.
Global business
Country cultural values
Social democracy
Cultural relativism
Bimodal wealth distribution
QUESTION 35
Risk compartmentalization occurs when
companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically
all profit centers within a corporation are aware of the code of ethics.
all profit centers within an organization become aware of the consequences of competitors' actions.
various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole.
ethics and compliance programs reduce the risk of misconduct.
QUESTION 36
_____ has been codified in a United Nations document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world.
Cultural relativism
Human rights
Consumerism
Dumping
Health care
QUESTION 37
Strong ethical leaders have a passion for all of the following except to
do the right thing.
be proactive.
consider stakeholder interests.
be role models for the organization and its employees.
satisfy shareholders before other stakeholder groups.
QUESTION 38
Leaders whose decisions and actions are contrary to the firm's values send a signal
that the firm's values are trivial or irrelevant.
that they are providing a good example of what not to do.
that the firm's corporate culture is highly important.
that they are working toward improving the ethical culture of the firm.
that they care about the environment.
QUESTION 39
Which attribute of ethical leaders will not be effective unless the leader is personally involved in the organization's key ethical decisions?
Stakeholder compassion
Proactive leadership
Transparency
Moral philosophy
Compensation
QUESTION 40
Which is not considered a white collar crime?
Corporate tax evasion
Credit card fraud
Insider trading
Identity theft
Mugging someone
QUESTION 41
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 42
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
QUESTION 43
In Kohlberg's model, the stage of mutual interpersonal expectations, relationships, and conformity (Stage 3) differs from the stage of individual instrumental purpose and exchange (Stage 2) in terms of the individual's motives in
considering fairness to others.
maintaining the social order.
considering duty to society
upholding the basic values of society
maintaining obedience to authority
QUESTION 44
_____ justice considers the processes and activities that produce the outcome or results.
Disruptive
Procedural
Interactional
Communications
Evaluative
QUESTION 45
The _____ leader demands instantaneous obedience and focuses on punishing wrong behavior, achievement, initiative, and self-control.
democratic
coaching
affiliative
coercive
pacesetting
QUESTION 46
Melinda is a very popular executive. She inspires her employees to follow a common vision, facilitates change, and creates a strongly positive climate, all while stressing performance. Melinda has helped to create a(n) _____ culture.
authoritative
caring
integrative
exacting
affirmative
QUESTION 47
_____ are satisfied by social and interpersonal relationships, and _____ are satisfied by creative or productive activities.
Growth needs; relatedness needs
Personal needs,; group needs
Coercive needs, ethical needs
Relatedness needs, growth needs
Group needs, personal needs.
QUESTION 48
Over the years, scholars have developed more than 100 definitions of culture. According to the text, all have the following common elements:
Culture is shared, relatively stable, and is formed over a long period of time.
Culture is not shared, stable, and is formed over a long period of time.
Culture is shared, not stable, and is formed over a long period of time.
Culture is shared, stable, and is formed over a short period of time.
Culture is man-made, shared, not stable, and is formed over a short period of time.
QUESTION 49
The elements of ______ important to business transactions have been defined as trust, self-control, empathy, fairness, and truthfulness.
egoism
utilitarianism
decontology
moral philosophy
virtue
QUESTION 50
The idea that people learn ethical or unethical behavior while interacting with others who are a part of their role sets is referred to as
differential dissonance
cognitive memory dissonance
cognitive association
differential association
casual interaction
QUESTION 51
How can business leaders use Motivation to improve ethical job performance? How does the hierarchy of needs play into a leader's ability to improve ethical job performance?
QUESTION 52
Explain the benefits and risks of ethics auditing? 50 word minimum
QUESTION 53
What is whistle blowing and what are the concerns about this practice?
QUESTION 54
What is dumping and why is it considered anti competitive? Does the United States allow dumping?
QUESTION 55
How can differences in two countries' culture create ethical issue in business?