Exam 10: Making It Stick: Doing Whats Right in a Competitive Market

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The audience for the code of ethics of an organization includes only its employees.

(True/False)
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Demanding customers who want new and better products and services at lower prices represent a typical market.

(True/False)
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Which of the following statements is true of transparency?

(Multiple Choice)
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Employees in all job functions need to be familiar with the company's code of ethics.

(True/False)
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The audience for the code of ethics would be every _____ of the organization.

(Short Answer)
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A transparent organization tends to avoid open and honest communication with all its stakeholders.

(True/False)
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The Institute of Business Ethics suggests that an organization should get an endorsement from the chairperson and the board while creating a code of ethics from scratch.

(True/False)
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When an individual is looking to manage the reputation and policies of an organization, the commitment to doing the right thing becomes more about following the written ethics policy than about any sense of organizational integrity.

(True/False)
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Which of the following risks is most likely to occur as a result of organizational transparency?

(Multiple Choice)
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Every company's ethics policy should state that awarding prizes to employees for good ethical behavior should be avoided.

(True/False)
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In order to make ethical behavior sustainable, an organization requires commitment solely from the top management.

(True/False)
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A company must share its ethics policy with all of its _____-both inside and outside the company.

(Short Answer)
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Bretton Inc. (BI), a multinational corporation, releases detailed financial statements at the end of every quarter of a year. It is open and honest with its clients in all communication and clearly states the terms and conditions of its contracts. In this scenario, which of the following organizational characteristics is best illustrated by BI?

(Multiple Choice)
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_____ refers to ethical behavior that persists long after the latest public scandal or the latest management buzzword.

(Short Answer)
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A well-written _____ establishes a detailed guide to acceptable behavior in an organization.

(Short Answer)
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Hiring an ethics officer is the first stage in the process of making ethical behavior sustainable.

(True/False)
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An ethical culture is deemed to be _____ if it persists within the operational policies of the organization long after the latest public scandal or the latest management buzzword.

(Short Answer)
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_____ describes the characteristic of publicly committing to the highest level of professional standards and then sticking to that commitment.

(Multiple Choice)
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Which of the following factors is likely to make companies revise and rewrite their codes of ethics from time to time?

(Multiple Choice)
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Supporting the code of ethics with extensive training for every member of the organization is the first stage in making ethical behavior sustainable for an organization.

(True/False)
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