Question 1

The first step in ethical decision-making is to recognize an ethical issue.

Accepted Answer

A) True 
 B)False

Question 2

The first step in the ethical decision-making process for our personal lives is to

Accepted Answer

A)   Recognize an ethical issue
B)   Get the facts
C)   Act on your decision
D)   Evaluate alternative actionsE) B) and C)
F) None of the above

Question 3

The Sarbanes-Oxley Act affects only the leaders of a business.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements about personal ethics is most correct?

Accepted Answer

A)   "Will I be able to get away with it?" is the best question to ask yourself when making ethical choices
B)   There are five main approaches that can be used when trying to make an ethical decision
C)   Ethics can always be based on the law
D)   All of the responses are correctE) B) and D)
F) C) and D)

Question 5

Which of the following companies was part of an ethical scandal?

Accepted Answer

A)   Enron
B)   WorldCom
C)   Tyco International
D)   All of the responses are correctE) B) and C)
F) A) and B)

Question 6

Which of the following serves as a watchdog regarding how well companies enforce their ethical and social responsibility policies?

Accepted Answer

A)   Customers
B)   Suppliers
C)   Workers
D)   Foreign investorsE) B) and D)
F) A) and D)

Question 7

__________ involve(s) insiders using private company information to further their own fortunes or those of their family and friends.

Accepted Answer

A)   Insider deficiencies
B)   Insider trading
C)   Closely-held trading
D)   Insider trade-upsE) B) and C)
F) None of the above

Question 8

There are five main sources of ethical standards: utilitarian,rights,fairness or justice,common good and virtue approaches.

Accepted Answer

A) True 
 B)False

Question 9

The determinants used to judge the social performance of a company are set forth in Sarbanes-Oxley.

Accepted Answer

A) True 
 B)False

Question 10

Global moral and ethical standards are much stricter than in previous years.

Accepted Answer

A) True 
 B)False

Question 11

__________ refers to standards of moral behavior; that is,behavior that is accepted by society as right versus wrong.

Accepted Answer

The answer of __________ refers to standards of moral behavior;...

Question 12

Measuring a company's performance in social audits is simple.

Accepted Answer

A) True 
 B)False

Question 13

Illegal means you could be fined or imprisoned by a court of law for engaging in a particular action.

Accepted Answer

A) True 
 B)False

Question 14

__________ is the concern businesses have for the welfare of society.

Accepted Answer

A)   Corporate philanthropy
B)   Corporate social responsibility
C)   Corporate responsibility
D)   Corporate policyE) A) and D)
F) A) and C)

Question 15

__________ define the organization's guiding values,create an environment that supports ethically sound behavior and stress a shared accountability among employees.

Accepted Answer

A)   Accountability-based ethics codes
B)   Integrity-based ethics codes
C)   Value-based ethics codes
D)   Compliance-based ethics codesE) A) and B)
F) None of the above

Question 16

Compliance-based ethics codes define the organization's guiding values.

Accepted Answer

A) True 
 B)False

Question 17

How is a business responsible to its stakeholders?

Accepted Answer

One responsibility of business is to sat...

Question 18

Which of the following statements about ethics is most true?

Accepted Answer

A)   Most Americans today have a strict moral code
B)   There is a deep disagreement in society as to matters of right and wrong
C)   Religion and culture are generally our sources of ethics
D)   In a country like the U.S. it is impossible to identify common standards of ethical behaviorE) A) and B)
F) A) and C)

Question 19

One of the components of the Sarbanes-Oxley Act is to set forth new penalties for boards of directors,accounting firms and management if inaccurate or fraudulent financial reporting is found.

Accepted Answer

A) True 
 B)False

Question 20

One of the groups that serves as a watchdog regarding how well companies enforce their ethical and social responsibility policies are government employees.

Accepted Answer

A) True 
 B)False

Exam 12: Distributing and Promoting Products and Services

__________ involve(s) insiders using private company information to further their own fortunes or those of their family and friends.

Correct AnswerverifiedShow Answer

Global moral and ethical standards are much stricter than in previous years.

Correct AnswerverifiedShow Answer

Which of the following statements about personal ethics is most correct?

Correct AnswerverifiedShow Answer

There are five main sources of ethical standards: utilitarian,rights,fairness or justice,common good and virtue approaches.

Correct AnswerverifiedShow Answer

The first step in ethical decision-making is to recognize an ethical issue.

Correct AnswerverifiedShow Answer

Illegal means you could be fined or imprisoned by a court of law for engaging in a particular action.

Correct AnswerverifiedShow Answer

Which of the following serves as a watchdog regarding how well companies enforce their ethical and social responsibility policies?

Correct AnswerverifiedShow Answer

The Sarbanes-Oxley Act affects only the leaders of a business.

Correct AnswerverifiedShow Answer

One of the components of the Sarbanes-Oxley Act is to set forth new penalties for boards of directors,accounting firms and management if inaccurate or fraudulent financial reporting is found.

Correct AnswerverifiedShow Answer

__________ refers to standards of moral behavior; that is,behavior that is accepted by society as right versus wrong.

Correct AnswerverifiedShow Answer

Which of the following statements about ethics is most true?

Correct AnswerverifiedShow Answer

One of the groups that serves as a watchdog regarding how well companies enforce their ethical and social responsibility policies are government employees.

Correct AnswerverifiedShow Answer

Which of the following companies was part of an ethical scandal?

Correct AnswerverifiedShow Answer

The first step in the ethical decision-making process for our personal lives is to

Correct AnswerverifiedShow Answer

Compliance-based ethics codes define the organization's guiding values.

Correct AnswerverifiedShow Answer

Measuring a company's performance in social audits is simple.

Correct AnswerverifiedShow Answer

__________ is the concern businesses have for the welfare of society.

Correct AnswerverifiedShow Answer

The determinants used to judge the social performance of a company are set forth in Sarbanes-Oxley.

Correct AnswerverifiedShow Answer

How is a business responsible to its stakeholders?

Correct AnswerverifiedOne responsibility of business is to sat...View AnswerShow Answer

__________ define the organization's guiding values,create an environment that supports ethically sound behavior and stress a shared accountability among employees.

Correct AnswerverifiedShow Answer

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One responsibility of business is to sat...
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