HR 522 Midterm Exam part 1
The Federal Sentencing Guidelines for Organizations set the tone for organizational ethics compliance programs by
|[removed]||codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct.|
|[removed]||forcing all organizations to develop mandatory reporting systems.|
|[removed]||eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses.|
|[removed]||providing a study of moral philosophies.|
|[removed]||providing an examination of company codes of ethics.|
According to the role of ethical culture in performance, all of these are drivers of profit except
|[removed]||opportunity for misconduct.|
Most organizations with strong ethical climates usually focus on the core value of placing ________ interests first.
Because of Sarbanes-Oxley, publicly traded companies must develop ________ to assist in maintaining transparency in financial reporting.
|[removed]||codes of ethics|
Ethical culture is defined as
|[removed]||rules, standards, and moral principles regarding what is right or wrong in specific situations.|
|[removed]||the establishment and enforcement of ethical codes throughout the organization.|
|[removed]||the development of rules and norms that are socially enforced.|
|[removed]||the codification of laws to reward organizations for taking action to prevent misconduct.|
|[removed]||acceptable behavior as defined by the company and industry.|
Employees’ perceptions of their firm as having an ethical climate leads to
|[removed]||lack of focus on goals.|
|[removed]||greater focus on education.|
|[removed]||increased community involvement.|
|[removed]||improved relationships with competitors.|
________ is essential in building long-term relationships between businesses and consumers.
|[removed]||Codes of ethics|
The Dodd-Frank Wall Street Reform and Consumer Protection Act
|[removed]||was very popular among Wall Street bankers.|
|[removed]||represented only modest reform.|
|[removed]||came out of theological discussions in the 1920s.|
|[removed]||was designed to make the financial services industry more responsible.|
|[removed]||made it mandatory for public corporations to hire ethics officers.|
One policy to address the issue of executive pay was implemented by J.P. Morgan, it stated that ________.
|[removed]||there should be no limit on what top executives can earn.|
|[removed]||managers should earn no more than twenty times the pay of other employees.|
|[removed]||top managers should make the same amount as other employees.|
|[removed]||employees can determine how much managers make.|
|[removed]||the government should determine the worth of each manager’s service.|
What are the four levels of social responsibility?
|[removed]||Financial, religious, ethical, and philanthropic|
|[removed]||Ethical, philanthropic, selfish, and short-sighted|
|[removed]||Economic, long-term, ethical, and philanthropic.|
|[removed]||Legal, economic, ethical, and philanthropic|
|[removed]||Economic, compliance, legal, and philanthropic|
The specific steps for implementing the stakeholder perspective do not include which of the following?
|[removed]||Identifying stakeholder groups|
|[removed]||Identifying stakeholder issues|
|[removed]||Identifying and gaining stakeholder feedback|
|[removed]||Identifying and gaining government feedback|
|[removed]||Assessing organizational commitment to social responsibility groups|
A stakeholder orientation can be viewed as a(n)
|[removed]||necessity for business success.|
|[removed]||good marketing ploy.|
Accountability, oversight, and control all fall under the definition and implementation of corporate
Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and that trying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following most closely with this belief?
Which of the following is not a benefit that primary stakeholders tend to provide to organizations?
|[removed]||Supplies of capital and resources.|
|[removed]||Expertise and leadership|
A stakeholder orientation is not complete unless it includes
|[removed]||clear accounting procedures.|
|[removed]||major financing activities.|
|[removed]||feedback from special-interest groups.|
|[removed]||activities that actually address stakeholder issues.|
Which of the following is not a consequence of ethical misconduct?
|[removed]||Shaken customer loyalty|
|[removed]||Reduced investor confidence|
|[removed]||Legal actions by wronged parties|
________ is an important element of virtue and means being whole, sound, and in unimpaired condition.
Accountants must abide by a strict code of ethics that defines their responsibilities to
|[removed]||their clients only.|
|[removed]||their clients and the public interest.|
|[removed]||the public only.|
|[removed]||their investors and shareholders.|
The first step toward understanding business ethics is to
|[removed]||know your company’s ethical policies.|
|[removed]||know your own morals and philosophies.|
|[removed]||know society’s ethical policies.|
|[removed]||develop ethical-issue awareness.|
|[removed]||develop a set of decision-making rules.|
What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?
________ is associated with a hostile workplace where someone considered a target is threatened, harassed, belittled, or verbally abused.
|[removed]||A code of conduct|
War metaphors are common in business. This kind of mindset can be dangerous for business leaders because
|[removed]||it may lead executives to become violent.|
|[removed]||it may foster the idea that honesty is unnecessary in business.|
|[removed]||it may lead organizations to be excessively aggressive.|
|[removed]||business is not like warfare and the metaphors are not appropriate.|
|[removed]||business is more like a game than a war.|
Which of the following is not a side-effect of being the victim of workplace bullying?
|[removed]||Increased sick days|
A person uncomfortable with his employer’s unspoken policy of hiring only white men is experiencing
|[removed]||a conflict of interest.|
|[removed]||an ethical issue.|
|[removed]||a feeling of guilt.|
|[removed]||a moral attribute.
Midterm Exam Part 2
The ________ was called “a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression.”
By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate
________ tie(s) an organization’s product(s) directly to a social concern through a marketing program.
Which of the following acts can be classified as procompetitive legislation?
Which of the following acts exempted the insurance industry from antitrust legislation?
Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?
Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?
The primary objective of U.S. antitrust laws is to
The relationship between business ethics and age
The ________ includes the motivational “carrots and sticks” superiors use to influence employee behavior.
Which of the following is the first step in the ethical decision making process?
Employees that see themselves as going with the flow because that’s all they can do have a(n)
________ institutions include religion, education, and individuals such as the family unit.
________ is the first sign that an unethical decision has occurred.
________ relates to individuals’ perceptions of social pressure and the harm they believe their decisions will have on others.
The ________ states that economic and social equalities should be arranged to provide the most benefit to the least-advantaged members of society.
________ is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.
________ believe that no one thing is intrinsically good.
Which moral philosophy considers an act to be morally right or acceptable if it produces some desired result?
An individual who believes that an action is ethical because others within his or her company and industry regularly engage in the activity is probably a(n)
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?
________ justice is based on the evaluation of outcomes or results of the business relationship.
________ argues that ethical behavior involves not only adhering to conventional moral standards but also considering what a mature person with a “good” moral character would deem appropriate.
A central problem with relativism is
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?