Question 1

The _____ is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

Accepted Answer

A) Corruption Perceptions Index 
B) Social Responsibility Report 
C) Ponzi Scheme 
D) Integrity Perceptions Report 
E) Ethical Violations Index 
A) Corruption Perceptions Index 
B) Social Responsibility Report 
C) Ponzi Scheme 
D) Integrity Perceptions Report 
E) Ethical Violations Index A

Question 2

Internal control procedures fit into two categories: (1)preventing accidental errors and intentional misrepresentations and (2)identifying errors and irregularities after they occur so that corrective action may be taken.

Accepted Answer

A) True 
 B)False  True

Question 3

_________ are a system of rules and procedures within a business designed to ensure the accuracy and reliability of financial and accounting information

Accepted Answer

Internal controls

Question 4

Which of the following is NOT true regarding the Foreign Corrupt Practices Act?

Accepted Answer

A) It was passed in 1952. 
B) It is a U.S. federal law that contains two parts. 
C) It has an anti-bribery provision. 
D) It has a requirement to maintain an adequate internal control system over financial records. 
E) A few people complain that the FCPA puts American firms at a disadvantage against non-U.S. competitors. 
A) It was passed in 1952. 
B) It is a U.S. federal law that contains two parts. 
C) It has an anti-bribery provision. 
D) It has a requirement to maintain an adequate internal control system over financial records. 
E) A few people complain that the FCPA puts American firms at a disadvantage against non-U.S. competitors.

Question 5

Electronic ______ is the exchange of goods or services using an electronic infrastructure.

Accepted Answer

The answer of Electronic ______ is the exchange of goods...

Question 6

He perpetrated a financial scandal in the 1920s by using money received from later investors to provide early investors with returns on their investment.

Accepted Answer

A) Warren G. Harding 
B) Kenneth Lay 
C) Charles Ponzi 
D) Bernard Madoff 
E) Albert Fall 
A) Warren G. Harding 
B) Kenneth Lay 
C) Charles Ponzi 
D) Bernard Madoff 
E) Albert Fall

Question 7

A company's obligations to society, including the welfare of people and places affected by company activities is called _____.

Accepted Answer

A) utilitarianism 
B) corporate social responsibility 
C) ethics 
D) integrity 
E) the moral imperative 
A) utilitarianism 
B) corporate social responsibility 
C) ethics 
D) integrity 
E) the moral imperative

Question 8

The Sarbanes-Oxley Act increased the potential prison sentence for fraud to _____ years.

Accepted Answer

A) 5 
B) 10 
C) 15 
D) 25 
E) 50 
A) 5 
B) 10 
C) 15 
D) 25 
E) 50

Question 9

You can make an ethical choice by asking yourself all of the following questions EXCEPT

Accepted Answer

A) "What's in it for me?" 
B) "What does the law say about this?" 
C) "What are company policies on this issue?" 
D) "Would I want my children to know I did this?" 
E) "Does the situation 'smell bad'?" 
A) "What's in it for me?" 
B) "What does the law say about this?" 
C) "What are company policies on this issue?" 
D) "Would I want my children to know I did this?" 
E) "Does the situation 'smell bad'?"

Question 10

Enron Corporation is a perfect example of effective social and ethical responsibility in the financial sector.

Accepted Answer

A) True 
 B)False

Question 11

The Corruption ________ Index is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

Accepted Answer

The answer of The Corruption ________ Index is a report...

Question 12

The FINAL step of ethical decision-making is to _____.

Accepted Answer

A) identify the alternative decisions and consequences 
B) make the decision 
C) define all the facts and circumstances 
D) identify the people affected by the situation 
E) determine that a decision needs to be made 
A) identify the alternative decisions and consequences 
B) make the decision 
C) define all the facts and circumstances 
D) identify the people affected by the situation 
E) determine that a decision needs to be made

Question 13

_____ refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information.

Accepted Answer

A) Internal controls 
B) External controls 
C) Environmental controls 
D) Global controls 
E) Legal controls 
A) Internal controls 
B) External controls 
C) Environmental controls 
D) Global controls 
E) Legal controls

Question 14

________ refers to a company's obligations to society, including the welfare of people and places affected by company activities

Accepted Answer

Corporate

Question 15

The FIRST basic step in ethical decision-making is to

Accepted Answer

A) identify who will be affected by the situation. 
B) determine how the decision will benefit you. 
C) define all the facts and circumstances. 
D) identify alternate decisions and consequences. 
E) carry out the decision. 
A) identify who will be affected by the situation. 
B) determine how the decision will benefit you. 
C) define all the facts and circumstances. 
D) identify alternate decisions and consequences. 
E) carry out the decision.

Question 16

Production quality control and internal auditing are example of feedback controls.

Accepted Answer

A) True 
 B)False

Question 17

In 2005, Bernie Ebbers of WorldCom was recognized by the Better Business Bureau for his company being a leader in social responsibility.

Accepted Answer

A) True 
 B)False

Question 18

Adherence to moral and ethical principles; soundness of moral character; and honesty demonstrates _________.

Accepted Answer

The answer of Adherence to moral and ethical principles; soundness...

Question 19

Of the following statements about WorldCom, which is NOT true?

Accepted Answer

A) It began in 1983 as Long Distance Discount Services, Inc. 
B) From 1999 to 2002, the company had manipulated earnings by using fraudulent accounting methods. 
C) Five techniques were used to cook the books. 
D) WorldCom filed for Chapter 11 bankruptcy in 2002. 
E) CEO Bernie Ebbers was sentenced to 25 years in prison. 
A) It began in 1983 as Long Distance Discount Services, Inc. 
B) From 1999 to 2002, the company had manipulated earnings by using fraudulent accounting methods. 
C) Five techniques were used to cook the books. 
D) WorldCom filed for Chapter 11 bankruptcy in 2002. 
E) CEO Bernie Ebbers was sentenced to 25 years in prison.

Question 20

Of the following, which is NOT true of the Enron financial scandal?

Accepted Answer

A) It was a key event leading the U.S. Congress to pass the Sarbanes-Oxley Act of 2002. 
B) The scandal surprised no one because Enron was always regarded as an unethical company. 
C) In 2000, corporate revenues exceeded $100 billion. 
D) The company's former president, Jeffrey Skilling, led Enron to abuse an accounting practice known as mark to market accounting. 
E) The truth about Enron was revealed in 2001. 
A) It was a key event leading the U.S. Congress to pass the Sarbanes-Oxley Act of 2002. 
B) The scandal surprised no one because Enron was always regarded as an unethical company. 
C) In 2000, corporate revenues exceeded $100 billion. 
D) The company's former president, Jeffrey Skilling, led Enron to abuse an accounting practice known as mark to market accounting. 
E) The truth about Enron was revealed in 2001.

The _____ is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

Internal control procedures fit into two categories: (1)preventing accidental errors and intentional misrepresentations and (2)identifying errors and irregularities after they occur so that corrective action may be taken.

_________ are a system of rules and procedures within a business designed to ensure the accuracy and reliability of financial and accounting information

Which of the following is NOT true regarding the Foreign Corrupt Practices Act?

Electronic ______ is the exchange of goods or services using an electronic infrastructure.

He perpetrated a financial scandal in the 1920s by using money received from later investors to provide early investors with returns on their investment.

A company's obligations to society, including the welfare of people and places affected by company activities is called _____.

The Sarbanes-Oxley Act increased the potential prison sentence for fraud to _____ years.

You can make an ethical choice by asking yourself all of the following questions EXCEPT

Enron Corporation is a perfect example of effective social and ethical responsibility in the financial sector.

The Corruption ________ Index is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

The FINAL step of ethical decision-making is to _____.

_____ refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information.

________ refers to a company's obligations to society, including the welfare of people and places affected by company activities

The FIRST basic step in ethical decision-making is to

Production quality control and internal auditing are example of feedback controls.

In 2005, Bernie Ebbers of WorldCom was recognized by the Better Business Bureau for his company being a leader in social responsibility.

Adherence to moral and ethical principles; soundness of moral character; and honesty demonstrates _________.

Of the following statements about WorldCom, which is NOT true?

Of the following, which is NOT true of the Enron financial scandal?

The Rise of Globalization

The Evolution of International Business

Regional Economic Integration

The International Flow of Funds and Exchange Rates

The Cultural Environment of Global Business

The Legal, Economic and Political Environment of Global Business

Entry Strategies in Global Business

Control of Global Business

The Organization of Global Business

Global Human Resource Management

Global Marketing

Global Operations and Supply-Chain Management

Global Financial Management

Global Accounting and Taxation

Filters

Exam 7: Corruption and Ethics in Global Business

The _____ is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

Internal control procedures fit into two categories: (1)preventing accidental errors and intentional misrepresentations and (2)identifying errors and irregularities after they occur so that corrective action may be taken.

_________ are a system of rules and procedures within a business designed to ensure the accuracy and reliability of financial and accounting information

Which of the following is NOT true regarding the Foreign Corrupt Practices Act?

Electronic ______ is the exchange of goods or services using an electronic infrastructure.

He perpetrated a financial scandal in the 1920s by using money received from later investors to provide early investors with returns on their investment.

A company's obligations to society, including the welfare of people and places affected by company activities is called _____.

The Sarbanes-Oxley Act increased the potential prison sentence for fraud to _____ years.

You can make an ethical choice by asking yourself all of the following questions EXCEPT

Enron Corporation is a perfect example of effective social and ethical responsibility in the financial sector.

The Corruption ________ Index is a report published each year by Transparency International, providing metrics to the potential corruption risk for 174 countries.

The FINAL step of ethical decision-making is to _____.

_____ refers to a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information.

________ refers to a company's obligations to society, including the welfare of people and places affected by company activities

The FIRST basic step in ethical decision-making is to

Production quality control and internal auditing are example of feedback controls.

In 2005, Bernie Ebbers of WorldCom was recognized by the Better Business Bureau for his company being a leader in social responsibility.

Adherence to moral and ethical principles; soundness of moral character; and honesty demonstrates _________.

Of the following statements about WorldCom, which is NOT true?

Of the following, which is NOT true of the Enron financial scandal?

The Rise of Globalization

The Evolution of International Business

Regional Economic Integration

The International Flow of Funds and Exchange Rates

The Cultural Environment of Global Business

The Legal, Economic and Political Environment of Global Business

Entry Strategies in Global Business

Control of Global Business

The Organization of Global Business

Global Human Resource Management

Global Marketing

Global Operations and Supply-Chain Management

Global Financial Management

Global Accounting and Taxation

Filters