Question 1

Business ethics, as a field, has passed through which of the following states?

Accepted Answer

A)  A field of study to theological discussion to recognition of social issues
B)  Recognition of social issues to a field of study to theological discussion
C)  A field of study to recognition of social issues to theological discussion
D)  Recognition of social issues to theological discussion to a field of study
E)  Theological discussion to recognition of social issues to a field of studyF) A) and B)
G) None of the above

Question 2

The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by

Accepted Answer

A)  codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct.
B)  forcing all organizations to develop mandatory reporting systems and ethics programs.
C)  eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses.
D)  providing detailed guidelines for how to set up organizational ethics programs to guard againstunethical conduct.
E)  providing a thoroughexamination of company codes of ethics to determine whether they are sufficient.F) All of the above
G) B) and D)

Question 3

More than a compliance program, business ethics is becoming

Accepted Answer

A)  a management issue to achieve competitive advantage.
B)  a guaranteed way to earn higher financial returns.
C)  mainly a government regulatory issue.
D)  an initiative led by nonprofit organizations.
E)  a program that decreases profits but increases societal benefits.F) All of the above
G) C) and E)

Question 4

We all learn values from sources such as family, religion, and school. Why might these sources of individual values not prove very helpful when making complex business decisions?

Accepted Answer

An individual's personal moral values ar...

Question 5

_____is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person.

Accepted Answer

A)  Value dilemma
B)  Integrity management
C)  Philosophical dilemma
D)  Legal dilemma
E)  Moral dilemmaF) B) and D)
G) A) and B)

Question 6

Business ethics is a part of decision making

Accepted Answer

A)  at all levels of work and management.
B)  made primarily by top management.
C)  that stems from individual moral philosophies.
D)  that is less important than other decision making processes.
E)  that is not emphasized in most of today's organizations.F) All of the above
G) A) and E)

Question 7

​Every organization has the potential for unethical behavior, even if it is not a business.

Accepted Answer

A) True 
 B)False

Question 8

Employees who view their organizational culture as ethical are more likely to

Accepted Answer

A)  ask for a raise.
B)  use their personal moral philosophies in decision making.
C)  make personal sacrifices for the organization.
D)  gain more organizational training.
E)  have a greater desire to become managers themselves.F) A) and B)
G) A) and C)

Question 9

How does ethics contribute to customer satisfaction?

Accepted Answer

High levels of perceived corporate misco...

Question 10

​Morals are enduring beliefs and ideals that are socially enforced.

Accepted Answer

A) True 
 B)False

Question 11

Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

Accepted Answer

A)  ethics officers
B)  ethics programs
C)  codes of ethics
D)  legal counsel
E)  accountantsF) B) and E)
G) A) and B)

Question 12

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

Accepted Answer

A)  Defense Industry Initiative on Business Ethics and Conduct
B)  Sarbanes-Oxley Act
C)  Federal Sentencing Guidelines for Organizations
D)  Foreign Corrupt Practices Act
E)  Dodd-Frank Wall Street Reform and Consumer Protection ActF) A) and D)
G) A) and C)

Question 13

The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

Accepted Answer

A)  the Foreign Corrupt Practices Act.
B)  the Federal Sentencing Guidelines for Organizations.
C)  the Ethical Trading Initiative.
D)  the Federal Trade Commission compliance requirements.
E)  the Sarbanes-Oxley Act.F) A) and D)
G) C) and D)

Question 14

Why is it important that businesspeople study business ethics?

Accepted Answer

Studying business ethics is important fo...

Question 15

During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?

Accepted Answer

A)  Sarbanes-Oxley Act
B)  Federal Sentencing Guidelines for Organizations
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act
D)  Foreign Corrupt Practices Act
E)  UN Global CompactF) B) and E)
G) C) and D)

Question 16

Corporate social responsibility is

Accepted Answer

A)  an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
B)  principles, values, and norms that primarily guide individual and group behavior in the world of business.
C)  the institutionalization of business ethics into all levels of business decision making.
D)  a business's responsibility to manufacture products that function properly.
E)  charitable contributions made by a business to enhance its reputation with stakeholders.F) None of the above
G) B) and D)

Question 17

Specific and pervasive boundaries for behavior that should not be violated are known as _____.

Accepted Answer

A)  philosophy
B)  values
C)  principles
D)  business ethics
E)  moralsF) A) and C)
G) A) and B)

Question 18

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

Accepted Answer

A)  The government will rule that their actions were insufficient.
B)  Penalties or fines may be reduced.
C)  The firm will be forced to hire an ethics officer.
D)  Regulators will charge the firm with criminal activities.
E)  The firm will incur no punishment.F) None of the above
G) B) and E)

Question 19

Which of the following statements about the Federal Sentencing Guidelines for Organizations is false?

Accepted Answer

A)  They use a routine mechanical approach that forces all firms to use the same means to avert serious penalties.
B)  They strive to prevent misconduct.
C)  They encourage companies to develop standards and procedures capable of detecting and preventing misconduct.
D)  They utilize a carrot-and-stickapproach by taking preventive action against misconduct.
E)  They encourage the appointment of high-level personnel responsible for oversight of the compliance program.F) B) and D)
G) A) and B)

Question 20

The _____ focus(es)  on firms taking action to prevent and detect business misconduct in cooperation with government regulation.

Accepted Answer

A)  U.S. Sentencing Commission
B)  Defense Industry Initiative on Business Ethics and Conduct
C)  World Trade Organization
D)  United Nations Global Compact
E)  Federal Sentencing Guidelines for OrganizationsF) B) and E)
G) A) and E)

Exam 1: The Importance of Business Ethics

​Morals are enduring beliefs and ideals that are socially enforced.

Correct AnswerverifiedShow Answer

We all learn values from sources such as family, religion, and school. Why might these sources of individual values not prove very helpful when making complex business decisions?

Correct AnswerverifiedAn individual's personal moral values ar...View AnswerShow Answer

Business ethics, as a field, has passed through which of the following states?

Correct AnswerverifiedShow Answer

What will happen to a firm found to be in violation if the company had proactively tried to prevent misconduct from occurring?

Correct AnswerverifiedShow Answer

Which of the following statements about the Federal Sentencing Guidelines for Organizations is false?

Correct AnswerverifiedShow Answer

​Every organization has the potential for unethical behavior, even if it is not a business.

Correct AnswerverifiedShow Answer

Specific and pervasive boundaries for behavior that should not be violated are known as _____.

Correct AnswerverifiedShow Answer

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

Correct AnswerverifiedShow Answer

More than a compliance program, business ethics is becoming

Correct AnswerverifiedShow Answer

Corporate social responsibility is

Correct AnswerverifiedShow Answer

Business ethics is a part of decision making

Correct AnswerverifiedShow Answer

How does ethics contribute to customer satisfaction?

Correct AnswerverifiedHigh levels of perceived corporate misco...View AnswerShow Answer

Why is it important that businesspeople study business ethics?

Correct AnswerverifiedStudying business ethics is important fo...View AnswerShow Answer

Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

Correct AnswerverifiedShow Answer

Employees who view their organizational culture as ethical are more likely to

Correct AnswerverifiedShow Answer

_____is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person.

Correct AnswerverifiedShow Answer

During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?

Correct AnswerverifiedShow Answer

The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

Correct AnswerverifiedShow Answer

The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation.

Correct AnswerverifiedShow Answer

The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by

Correct AnswerverifiedShow Answer

Morals are enduring beliefs and ideals that are socially enforced.

Correct Answer
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Correct Answer
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An individual's personal moral values ar...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Every organization has the potential for unethical behavior, even if it is not a business.

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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High levels of perceived corporate misco...
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Correct Answer
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Studying business ethics is important fo...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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