26 May Question Question 1 As an additional employee benefit to promote spirituality, companies have begun to provide employees with
Question
Question 1
As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:
Answer
| Philosophers. | ||
| Chaplains. | ||
| Financial advisors. | ||
| Ombudspersons. |
Question 2
A bottom-line mentality in business is reflected in which statement?
Answer
| “I want it.” | ||
| “We have to beat the others at all costs.” | ||
| “Help yourself and those closest to you.” | ||
| “Foreigners have a funny notion of what’s right and wrong.” |
Question 3
As business becomes increasingly global:
Answer
| It must turn to national laws for guidance. | ||
| Ethical issues become issues of free trade. | ||
| A global code of conduct will emerge for businesses. | ||
| Cross-cultural contradictions will increase. |
5 points
Question 4
People everywhere depend on ethical systems to tell them whether their actions are:
Answer
| Legal or illegal. | ||
| Right or wrong. | ||
| Financially attainable or not. | ||
| Logical and reasonable judgment. |
Question 5
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:
Answer
| Increased. | ||
| Reduced. | ||
| Unaffected. | ||
| Decided by the company. |
Question 6
The main drawback to utilitarian reasoning is that:
Answer
| The majority may override the rights of those in the minority. | ||
| Managers using this reasoning process often fail to consider the means taken to reach the end. | ||
| It is difficulty to accurately measure both costs and benefits. | ||
| Cost-benefit calculations can only be provided by accountants. |
Question 7
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?
Answer
| 12% | ||
| 33% | ||
| 55% | ||
| 70% |
Question 8
People’s ethical beliefs come from:
Answer
| Legislative action and judicial decisions. | ||
| Reading the company’s profit and loss statements. | ||
| Their religious background, family, and education. | ||
| The organization’s code of ethics. |
Question 9
Under the Sarbanes-Oxley Act, corporations are required to:
Answer
| Have executives vouch for the accuracy of a firm’s financial reports. | ||
| Have their audit committee comprised of only executives employed by the firm. | ||
| Collect reimbursements from the U.S. government if financial restatements occur. | ||
| Have the compensation committee comprised of consultants. |
Question 10
A just or fair ethical decision occurs when:
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