Question 1

A situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong is called a(n) :

Accepted Answer

A)   ethical standard.
B)   ethical issue.
C)   business ethic.
D)   personal responsibility.
E)   moral right.F) All of the above
G) A) and B)

Question 2

Who among the following persons said, "The social responsibility of business is to increase profits"?

Accepted Answer

A)   Adam Smith
B)   Milton Friedman
C)   Benjamin Franklin
D)   Thomas Jefferson
E)   Robert GiacaloneF) B) and C)
G) A) and C)

Question 3

In the context of the business costs of ethical failures, which of the following is a level 3 cost?

Accepted Answer

A)   Employee cynicism cost
B)   Administrative and audit cost
C)   Cost of remedial education
D)   Cost of corrective action
E)   Cost of government oversightF) A) and C)
G) A) and B)

Question 4

The _____ model is a theory of corporate social responsibility which holds that managers are agents of shareholders whose primary objective is to maximize profits.

Accepted Answer

A)   philanthropic
B)   ethical
C)   shareholder
D)   economic
E)   stakeholderF) B) and E)
G) B) and D)

Question 5

Compliance-based ethics programs are designed by _____ to prevent, detect, and punish legal violations.

Accepted Answer

A)   corporate counsel
B)   administrative staff
C)   top executives
D)   stockholders
E)   corporate trainersF) A) and E)
G) B) and C)

Question 6

Carol uses certain principles, rules, and values such as honesty, fairness, and cooperation in her daily life to determine what is right or wrong. In the context of the above scenario, which of the following does she employ when making decisions?

Accepted Answer

A)   Moral philosophy
B)   Carrying capacity
C)   Universalism
D)   Ecocentric management
E)   EgoismF) B) and E)
G) None of the above

Question 7

Behaving ethically requires not just moral awareness and moral judgment but also moral character, including the _____ to take actions consistent with your ethical decisions.

Accepted Answer

A)   ability
B)   enthusiasm
C)   desire
D)   courage
E)   willingnessF) A) and B)
G) A) and C)

Question 8

In the context of business ethics, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 issued a broader _____ rule in order to address the weaknesses of the Sarbanes-Oxley Act.

Accepted Answer

A)   environmental preservation
B)   whistleblower
C)   sexual harassment protection
D)   human rights responsibility
E)   anti-discriminationF) None of the above
G) B) and E)

Question 9

Sarah conforms to the expectations of ethical behavior held by her parents and her church. According to Kohlberg's model of cognitive moral development, she resides in the _____ stage.

Accepted Answer

A)   utilitarian
B)   principled
C)   preconventional
D)   conventional
E)   postconventionalF) C) and D)
G) None of the above

Question 10

In the context of business ethics, which of the following statements regarding ethics codes is true?

Accepted Answer

A)   The Sarbanes-Oxley Act requires all private companies to disclose their financial statements.
B)   The statements provided by public companies regarding their code of ethics, as required by the Sarbanes-Oxley Act, are often just for show.
C)   Ethical codes focus exclusively on employee conduct and avoid subjects such as the environment, technology, and political activity.
D)   The code of ethics is drawn up by the organizations' administrative department.
E)   Executives pay most attention to their company's code of ethics when their senior managers instruct them to do so.F) C) and E)
G) A) and B)

Question 11

In the context of the business costs of ethical failures, level 1 costs that are less damaging and get more executive attention include:

Accepted Answer

A)   the cost of government fines and penalties.
B)   the cost of remedial education.
C)   the cost of corrective action.
D)   the cost of loss of reputation.
E)   employee turnover cost.F) C) and E)
G) C) and D)

Question 12

Whistleblowers are given preferential treatment since it requires great courage to report fraudulent activities.

Accepted Answer

A) True 
 B)False

Question 13

Corporate social responsibility refers to:

Accepted Answer

A)   taking an active role in training employees to be ethical.
B)   the obligation toward society assumed by business.
C)   following the laws that govern the industry in which a company operates.
D)   encouraging recycling efforts within the organization.
E)   maximizing shareholder wealth.F) A) and B)
G) A) and C)

Question 14

_____, an ethical system, defines ethical behavior on the opinions and behaviors of relevant other people.

Accepted Answer

A)   Egoism
B)   Utilitarianism
C)   Relativism
D)   Universalism
E)   Virtue ethicsF) A) and B)
G) A) and C)

Question 15

Which of the following is true of integrity-based ethics programs in business organizations?

Accepted Answer

A)   They are designed by corporate counsel to prevent, detect, and punish legal violations.
B)   They increase surveillance and controls on people and impose punishments on wrongdoers.
C)   Companies and people govern themselves through a set of guiding principles that they embrace.
D)   Program elements include establishing and communicating legal standards and procedures.
E)   They include assigning high-level managers to oversee compliance.F) A) and E)
G) B) and C)

Question 16

What are some of the danger signs that an organization may be encouraging unethical behavior?

Accepted Answer

The answer of What are some of the danger signs...

Question 17

Which ethical system acknowledges the existence of different ethical viewpoints?

Accepted Answer

A)   Relativism
B)   Utilitarianism
C)   Egoism
D)   Universalism
E)   Virtue ethicsF) A) and E)
G) All of the above

Question 18

Scenario C. Use the information given below to answer the following three questions:
Two managers, Scott and Adams, at Apex, Inc. are discussing the latest e-mail they have received about how decisions are evaluated and made on the basis of right and wrong at their company. Scott's reaction is, "All this thing needs to say, as far as I'm concerned, is if you don't get busted for it, you're innocent. If you do get caught, you pay the price." Adams, on the other hand, has a very different idea. His response is, "I believe that every individual should take personal responsibility for their behavior. I would like for our organization to integrate that idea into everything we do here at work."
-On the basis of Adam's response, which type of ethics program does he prefer?

Accepted Answer

A)   Associate-based
B)   Compliance-based
C)   Integrity-based
D)   Systems-based
E)   Consensus-basedF) C) and E)
G) A) and B)

Question 19

_____, an ethical system, defines ethical behavior according to how others behave.

Accepted Answer

A)   Virtue ethics
B)   Relativism
C)   Universalism
D)   Utilitarianism
E)   EgoismF) All of the above
G) A) and B)

Question 20

In the context of business ethics, discuss the ethical system of universalism.

Accepted Answer

The answer of In the context of business ethics, discuss...

Exam 4: Ethics and Corporate Responsibility

Sarah conforms to the expectations of ethical behavior held by her parents and her church. According to Kohlberg's model of cognitive moral development, she resides in the _____ stage.

Correct Answer
verified

The _____ model is a theory of corporate social responsibility which holds that managers are agents of shareholders whose primary objective is to maximize profits.

Correct Answer
verified

Correct Answer
verified

Corporate social responsibility refers to:

Correct Answer
verified

What are some of the danger signs that an organization may be encouraging unethical behavior?

Correct Answer
verified

Which ethical system acknowledges the existence of different ethical viewpoints?

Correct Answer
verified

In the context of business ethics, which of the following statements regarding ethics codes is true?

Correct Answer
verified

Behaving ethically requires not just moral awareness and moral judgment but also moral character, including the _____ to take actions consistent with your ethical decisions.

Correct Answer
verified

In the context of the business costs of ethical failures, which of the following is a level 3 cost?

Correct Answer
verified

A situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong is called a(n) :

Correct Answer
verified

_____, an ethical system, defines ethical behavior according to how others behave.

Correct Answer
verified

In the context of business ethics, discuss the ethical system of universalism.

Correct Answer
verified

Carol uses certain principles, rules, and values such as honesty, fairness, and cooperation in her daily life to determine what is right or wrong. In the context of the above scenario, which of the following does she employ when making decisions?

Correct Answer
verified

In the context of business ethics, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 issued a broader _____ rule in order to address the weaknesses of the Sarbanes-Oxley Act.

Correct Answer
verified

Whistleblowers are given preferential treatment since it requires great courage to report fraudulent activities.

Correct Answer
verified

In the context of the business costs of ethical failures, level 1 costs that are less damaging and get more executive attention include:

Correct Answer
verified

Which of the following is true of integrity-based ethics programs in business organizations?

Correct Answer
verified

Who among the following persons said, "The social responsibility of business is to increase profits"?

Correct Answer
verified

_____, an ethical system, defines ethical behavior on the opinions and behaviors of relevant other people.

Correct Answer
verified

Compliance-based ethics programs are designed by _____ to prevent, detect, and punish legal violations.

Correct Answer
verified

Exam 4: Ethics and Corporate Responsibility

Sarah conforms to the expectations of ethical behavior held by her parents and her church. According to Kohlberg's model of cognitive moral development, she resides in the _____ stage.

Correct AnswerverifiedShow Answer

The _____ model is a theory of corporate social responsibility which holds that managers are agents of shareholders whose primary objective is to maximize profits.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Corporate social responsibility refers to:

Correct AnswerverifiedShow Answer

What are some of the danger signs that an organization may be encouraging unethical behavior?

Correct AnswerverifiedShow Answer

Which ethical system acknowledges the existence of different ethical viewpoints?

Correct AnswerverifiedShow Answer

In the context of business ethics, which of the following statements regarding ethics codes is true?

Correct AnswerverifiedShow Answer

Behaving ethically requires not just moral awareness and moral judgment but also moral character, including the _____ to take actions consistent with your ethical decisions.

Correct AnswerverifiedShow Answer

In the context of the business costs of ethical failures, which of the following is a level 3 cost?

Correct AnswerverifiedShow Answer

A situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong is called a(n) :

Correct AnswerverifiedShow Answer

_____, an ethical system, defines ethical behavior according to how others behave.

Correct AnswerverifiedShow Answer

In the context of business ethics, discuss the ethical system of universalism.

Correct AnswerverifiedShow Answer

Carol uses certain principles, rules, and values such as honesty, fairness, and cooperation in her daily life to determine what is right or wrong. In the context of the above scenario, which of the following does she employ when making decisions?

Correct AnswerverifiedShow Answer

In the context of business ethics, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 issued a broader _____ rule in order to address the weaknesses of the Sarbanes-Oxley Act.

Correct AnswerverifiedShow Answer

Whistleblowers are given preferential treatment since it requires great courage to report fraudulent activities.

Correct AnswerverifiedShow Answer

In the context of the business costs of ethical failures, level 1 costs that are less damaging and get more executive attention include:

Correct AnswerverifiedShow Answer

Which of the following is true of integrity-based ethics programs in business organizations?

Correct AnswerverifiedShow Answer

Who among the following persons said, "The social responsibility of business is to increase profits"?

Correct AnswerverifiedShow Answer

_____, an ethical system, defines ethical behavior on the opinions and behaviors of relevant other people.

Correct AnswerverifiedShow Answer

Compliance-based ethics programs are designed by _____ to prevent, detect, and punish legal violations.

Correct AnswerverifiedShow Answer

Correct Answer
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