01 Aug Strayer Bus475 Week 3 Quiz 3 (Latest)
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
3 out of 3 points
Cross-cultural contradictions arise due to:
Answer
the emergence of a developing country’s economic power.
religious differences practiced by business executives.
differences between home and host countries’ ethical standards.
All of the above
Question 3
3 out of 3 points
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.
Question 4
3 out of 3 points
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 5
3 out of 3 points
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 6
3 out of 3 points
When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:
Answer
utilitarian reasoning.
virtue ethics.
theological reasoning.
Plato and Aristotle.
Question 7
3 out of 3 points
Which statement characterizes the moral reasoning typically found in a child?
Answer
“When in Rome, do as the Romans do.”
“I’ll scratch your back, if you’ll scratch mine.”
“Seek the greatest good for the greatest number.”
“Respect the rights of others.”
Question 8
3 out of 3 points
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 9
3 out of 3 points
Under the Sarbanes-Oxley Act, corporations are required to:
Answer
have their CEO and CFO sign off on financial statements as accurate and fair.
have their audit committee comprised of only executives employed by the firm.
collect reimbursements from the U.S. government if financial restatements occur.
All of the above
Question 10
3 out of 3 points
A purchasing agent directing her company’s orders to a firm which she received a valuable gift, is an example of:
Answer
Conflict of interest.
Ethical relativism.
Moral development.
Egotism.
Question 11
3 out of 3 points
According to a 2009 opinion poll, Americans hold a dim view of:
Answer
Organized labor.
The Supreme Court.
Churches.
Wall Street executives.
Question 12
3 out of 3 points
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 13
3 out of 3 points
A conception of right and wrong is:
Answer
Impossible to know.
The definition of ethics.
Determined by power.
Based on stakeholder dialogue.
Question 14
3 out of 3 points
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 15
3 out of 3 points
A just or fair ethical decision occurs when:
Answer
The rights of all affected are considered.
The greatest good for those with power is achieved.
Benefits and burdens are distributed equally.
The rights of the rich are protected.
Question 16
3 out of 3 points
One of the most widespread and potentially powerful efforts to combat bribery was initiated by:
Answer
the Global Forum on Fighting Corruption.
the Organization for Economic Cooperation and Development.
International Labour Organization.
The U.S. Foreign Corrupt Policy Act.
Question 17
3 out of 3 points
Ethics policies typically cover all of the following issues except:
Answer
Developing guidelines for accepting or refusing gifts from suppliers.
Encouraging discriminatory personnel practices.
Avoiding conflict of interest.
Maintaining the security of proprietary information.
Question 18
3 out of 3 points
If a manger approaches ethics with benevolence in mind, he or she would stress what?
Answer
Friendly relations with an employee.
Company rules and procedures.
Laws and professional codes.
Economic efficiency.
Question 19
3 out of 3 points
Which ethical criterion is described by the idea that a company should strive for efficiency?
Answer
Egoism.
Benevolence.
Principle.
Business-centered.
Question 20
3 out of 3 points
Building ethical safeguards into a company’s everyday routines is called:
Answer
Change management.
Justifying ethics.
Institutionalizing ethics.
Ethical awareness.
Question 21
3 out of 3 points
The critical component in installing an effective ethics program is:
Answer
To allow all employees the freedom to act as they wish.
In hiring an expensive ethics consultant.
The integration of various ethics safeguards into a comprehensive program.
Maintaining the position as the industry sales leader.
Question 22
3 out of 3 points
If a manager approaches ethical issues with a self-centered approach, emphasis will be on:
Answer
Integrity.
Social relationship.
Economic efficiency.
Laws.
Question 23
3 out of 3 points
In the United States and Latin America, ethics policies were found to be primarily:
Answer
Informational – providing guidance for recommended ethical activity with the
company.
Instrumental – providing rules and procedures for employees to follow to adhere
policy and law.
Social – providing a framework for ethical interaction between employees and
customers.
General – providing basic definitions of ethical decision-making.
Question 24
3 out of 3 points
A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:
Answer
Operating under the compliance-based approach.
Practicing "tone at the top."
Operating under the integrity-based approach.
Operating under the instrumental policy approach
Question 25
3 out of 3 points
Integrity-based ethics programs:
Answer
Seek to avoid legal sanctions.
Combines concern for the law with an emphasis on employee responsibility.
Threatens employees with punishment for non-compliance with the ethics program.
Are predominately implemented within the European Union.
Question 26
3 out of 3 points
By law, the financial records of publicly held companies are required to be:
Answer
Managed by an accounting department of at least 5 CPAs.
Summarized in the employee manual for new hires.
Reviewed quarterly by the IRS.
Audited by a certified professional accounting firm.
Question 27
3 out of 3 points
All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:
Answer
The Public Interest.
Objectivity and Independence.
Due Process.
Due Care.
Question 28
3 out of 3 points
Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:
Answer
Regulatory Percentage Track (RPT).
Ethics and Leadership Radar (ELR).
Quality Measurement (QM).
Ethical Quotient (EQ).
Question 29
3 out of 3 points
A giant step is taken toward improving ethical performance throughout the company when:
Answer
the firm hires a university ethics professor to lecture employees on moral philosophy.
the Justice Department launches an investigation of the firm’s pricing practices.
senior-level managers signal to employees that they believe ethics is a high priority.
a consumer hot line is created and staffed 24 hours a day.
Question 30
3 out of 3 points
Recipients of the corporate ethics awards show that:
Answer
Awards are based on economic power, not ethical performance.
Firms can be financially successful and ethically focused.
Being legally compliant results in receiving an ethics award.
Improving ethical performance is very costly, but bolsters a firm’s reputation.
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