Question 1

Managers,as major decision-makers,are one of the keys to whether a company will act ethically or unethically.

Accepted Answer

A) True 
 B)False

Question 2

In a benevolence ethical climate,the interests of the company's employees and external stakeholders most likely would be given high priority.

Accepted Answer

A) True 
 B)False

Question 3

Ethics policies typically cover all of the following issues except:

Accepted Answer

A)   Developing guidelines for accepting or refusing gifts from suppliers.
B)   Encouraging discriminatory personnel practices.
C)   Avoiding conflict of interest.
D)   Maintaining the security of proprietary information.E) A) and B)
F) A) and C)

Question 4

By law,the financial records of publicly held companies are required to be:

Accepted Answer

A)   Managed by an accounting department of at least 5 CPAs.
B)   Summarized in the employee manual for new hires.
C)   Reviewed quarterly by the IRS.
D)   Audited by a certified professional accounting firm.E) C) and D)
F) A) and D)

Question 5

According to a recent Transparency International survey,Denmark and Sweden are two countries that are least likely to be subjected to bribery.

Accepted Answer

A) True 
 B)False

Question 6

Illegal acts committed by employees,such as fraud and insider trading,is called blue-collar crime.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following organization's code of ethics advocates "loyalty to your organization,justice to those whom you deal and faith in your profession?"

Accepted Answer

A)   Institute for Supply Management.
B)   Institute of Certified Public Accountants.
C)   Financial Accounting Standards Board.
D)   Association for Computing Machinery.E) C) and D)
F) B) and C)

Question 8

In most companies,a moral atmosphere cannot be detected.

Accepted Answer

A) True 
 B)False

Question 9

Define white-collar crime.Provide three examples of such criminal acts.

Accepted Answer

White-collar crime refers to non-violent...

Question 10

The majority of large U.S.corporations do not have codes of ethics.

Accepted Answer

A) True 
 B)False

Question 11

Define law.Discuss the differences between law and ethics.

Accepted Answer

Law can be defined as a system of rules ...

Question 12

The critical component in installing an effective ethics program is:

Accepted Answer

A)   To allow all employees the freedom to act as they wish.
B)   In hiring an expensive ethics consultant.
C)   The integration of various ethics safeguards into a comprehensive program.
D)   Maintaining the position as the industry sales leader.E) None of the above
F) C) and D)

Question 13

Business managers need a set of ethical guidelines to help them:

Accepted Answer

A)   Understand the changing customs throughout the world.
B)   Justify the resolution which best helps them.
C)   Identify and analyze the nature of the ethical problem.
D)   None of the above.E) All of the above
F) A) and C)

Question 14

Recipients of the corporate ethics awards show that:

Accepted Answer

A)   Awards are based on economic power, not ethical performance.
B)   Firms can be financially successful and ethically focused.
C)   Being legally compliant results in receiving an ethics award.
D)   Improving ethical performance is very costly, but bolsters a firm's reputation.E) None of the above
F) A) and D)

Question 15

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

Accepted Answer

A)   Operating under the compliance-based approach.
B)   Practicing "tone at the top."
C)   Operating under the integrity-based approach.
D)   Operating under the instrumental policy approach.E) None of the above
F) All of the above

Question 16

In the United States and Latin America,ethics policies were found to be primarily:

Accepted Answer

A)   Informational - providing guidance for recommended ethical activity with the company.
B)   Instrumental - providing rules and procedures for employees to follow to adhere policy and law.
C)   Social - providing a framework for ethical interaction between employees and customers.
D)   General - providing basic definitions of ethical decision-making.E) A) and B)
F) All of the above

Question 17

The core components upon which a company's ethical performance depends include:

Accepted Answer

A)   The values and virtues of the managers.
B)   The personal character of the managers and employees.
C)   The traditions, attitudes, and business practices built into a company's culture.
D)   All of the above.E) C) and D)
F) None of the above

Question 18

How are firms honored for their efforts to create an ethical climate? Provide examples of role model companies and what efforts they took to develop effective ethics programs.

Accepted Answer

Firms are honored for their efforts to c...

Question 19

The Interactive Digital Software Association case exemplifies:

Accepted Answer

A)   The idea that laws cannot always define proper action.
B)   The idea that ethical principles are broader than laws.
C)   Industries preempting legislation and voluntarily adopting ethically based practices.
D)   All of the above.E) None of the above
F) A) and C)

Question 20

Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:

Accepted Answer

A)   Regulatory Percentage Track (RPT) .
B)   Ethics and Leadership Radar (ELR) .
C)   Quality Measurement (QM) .
D)   Ethical Quotient (EQ) .E) A) and B)
F) A) and C)

Exam 5: Organizational Ethics and the Law

Business managers need a set of ethical guidelines to help them:

Correct AnswerverifiedShow Answer

Define white-collar crime.Provide three examples of such criminal acts.

Correct AnswerAnswered by ExamLex AIWhite-collar crime refers to non-violent...View AnswerShow Answer

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

Correct AnswerverifiedShow Answer

In most companies,a moral atmosphere cannot be detected.

Correct AnswerverifiedShow Answer

In the United States and Latin America,ethics policies were found to be primarily:

Correct AnswerverifiedShow Answer

Which of the following organization's code of ethics advocates "loyalty to your organization,justice to those whom you deal and faith in your profession?"

Correct AnswerverifiedShow Answer

Define law.Discuss the differences between law and ethics.

Correct AnswerAnswered by ExamLex AILaw can be defined as a system of rules ...View AnswerShow Answer

Ethics policies typically cover all of the following issues except:

Correct AnswerverifiedShow Answer

In a benevolence ethical climate,the interests of the company's employees and external stakeholders most likely would be given high priority.

Correct AnswerverifiedShow Answer

The critical component in installing an effective ethics program is:

Correct AnswerverifiedShow Answer

Illegal acts committed by employees,such as fraud and insider trading,is called blue-collar crime.

Correct AnswerverifiedShow Answer

The majority of large U.S.corporations do not have codes of ethics.

Correct AnswerverifiedShow Answer

Managers,as major decision-makers,are one of the keys to whether a company will act ethically or unethically.

Correct AnswerverifiedShow Answer

How are firms honored for their efforts to create an ethical climate? Provide examples of role model companies and what efforts they took to develop effective ethics programs.

Correct AnswerAnswered by ExamLex AIFirms are honored for their efforts to c...View AnswerShow Answer

Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:

Correct AnswerverifiedShow Answer

The core components upon which a company's ethical performance depends include:

Correct AnswerverifiedShow Answer

By law,the financial records of publicly held companies are required to be:

Correct AnswerverifiedShow Answer

According to a recent Transparency International survey,Denmark and Sweden are two countries that are least likely to be subjected to bribery.

Correct AnswerverifiedShow Answer

Recipients of the corporate ethics awards show that:

Correct AnswerverifiedShow Answer

The Interactive Digital Software Association case exemplifies:

Correct AnswerverifiedShow Answer

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White-collar crime refers to non-violent...
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Law can be defined as a system of rules ...
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Answered by ExamLex AI
Firms are honored for their efforts to c...
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