Question 1

A transparent organization tends to avoid open and honest communication with all its stakeholders.

Accepted Answer

A) True 
 B)False

Question 2

Arthur and Nicole are having an argument over the creation of a code of ethics for an organization.Arthur is of the view that it would be good for organizations to follow advice from the Institute of Business Ethics before creating a code of ethics,while Nicole disagrees with him.Which of the following advices would an organization follow if it agrees with Arthur?

Accepted Answer

A)  The organization would develop its own model rather than picking a well-tested model. 
B)  The organization would put the code on the organization's website rather than sending it to all employees,suppliers,and others. 
C)  The organization would conduct an extensive survey involving every employee rather than getting endorsement from the board for the code of ethics. 
D)  The organization would determine the topics on which employees require guidance. 
A)  The organization would develop its own model rather than picking a well-tested model. 
B)  The organization would put the code on the organization's website rather than sending it to all employees,suppliers,and others. 
C)  The organization would conduct an extensive survey involving every employee rather than getting endorsement from the board for the code of ethics. 
D)  The organization would determine the topics on which employees require guidance.

Question 3

When a company develops a clear sense of what it stands for as an ethical organization,it develops _____ ethical policies.

Accepted Answer

The answer of When a company develops a clear sense...

Question 4

Walter Warburg & Co.,a new investment banking firm,has dismissed the idea of establishing a code of ethics for its workplace.Which of the following is the most likely consequence?

Accepted Answer

A)  It can now clearly state policies for behavior in specific situations. 
B)  It can capture distinctly what the organization understands ethical behavior to mean. 
C)  It will not be allowed to operate,as having a written code of ethics is mandatory in every organization. 
D)  It cannot document punishments for the violation of ethical policies. 
A)  It can now clearly state policies for behavior in specific situations. 
B)  It can capture distinctly what the organization understands ethical behavior to mean. 
C)  It will not be allowed to operate,as having a written code of ethics is mandatory in every organization. 
D)  It cannot document punishments for the violation of ethical policies.

Question 5

A company should avoid communicating its ethics policy to external stakeholders.

Accepted Answer

A) True 
 B)False

Question 6

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should get endorsement from the chairperson and the board.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is true of an ethics officer?

Accepted Answer

A)  An ethics officer must be hired from outside the organization. 
B)  The chief responsibility of an ethics officer is to compare the code of ethics between different companies. 
C)  The role of an ethics officer is never developed as a separate department in an organization. 
D)  An ethics officer monitors the ethical performance of the organization both internally and externally. 
A)  An ethics officer must be hired from outside the organization. 
B)  The chief responsibility of an ethics officer is to compare the code of ethics between different companies. 
C)  The role of an ethics officer is never developed as a separate department in an organization. 
D)  An ethics officer monitors the ethical performance of the organization both internally and externally.

Question 8

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.

Accepted Answer

A) True 
 B)False

Question 9

Employees and stakeholders are required to follow their company's code of ethics strictly.

Accepted Answer

A) True 
 B)False

Question 10

What are the functions of a well-written code of ethics?

Accepted Answer

A well-written code of ethics can do sev

Question 11

The chief responsibility of an ethics officer is to assess competitors' strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

The answer of _____ refers to ethical behavior that persists...

Question 13

The difference between reactive and proactive policies is that:

Accepted Answer

A)  unlike reactive policies,proactive policies ignore the actions the firm will most likely take to be recognized as an ethical organization. 
B)  reactive policies are driven by events and/or a fear of future events,whereas proactive policies are driven by a clear sense of what is construed as ethical for the organization. 
C)  proactive policies help monitor the ethical performance of the organization only externally,whereas reactive policies monitor the organization both internally and externally. 
D)  unlike proactive policies,reactive policies are true ethical policies. 
A)  unlike reactive policies,proactive policies ignore the actions the firm will most likely take to be recognized as an ethical organization. 
B)  reactive policies are driven by events and/or a fear of future events,whereas proactive policies are driven by a clear sense of what is construed as ethical for the organization. 
C)  proactive policies help monitor the ethical performance of the organization only externally,whereas reactive policies monitor the organization both internally and externally. 
D)  unlike proactive policies,reactive policies are true ethical policies.

Question 14

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should create an original model rather than picking a well-tested model.

Accepted Answer

A) True 
 B)False

Question 15

The continued growth of technology will present new situations for ethical dilemmas,thus a company's code of ethics needs to be rewritten on a regular basis.

Accepted Answer

A) True 
 B)False

Question 16

After promoting an organization's commitment to ethical behavior,which of the following should be the immediate next stage in making ethical behavior sustainable for the company?

Accepted Answer

A)  Continuously monitor the ethical behavior of employees as the company grows 
B)  Establish a code of ethics 
C)  Reward the ethical behavior demonstrated by its employees 
D)  Support the code of ethics with extensive training for every member of the organization 
A)  Continuously monitor the ethical behavior of employees as the company grows 
B)  Establish a code of ethics 
C)  Reward the ethical behavior demonstrated by its employees 
D)  Support the code of ethics with extensive training for every member of the organization

Question 17

Which of the following topics would be elaborated in a company's code of ethics?

Accepted Answer

A)  Salaries and performance incentives for employees 
B)  Policies for behavior in specific situations 
C)  Policies for claiming medical benefits 
D)  Leave policies for employees 
A)  Salaries and performance incentives for employees 
B)  Policies for behavior in specific situations 
C)  Policies for claiming medical benefits 
D)  Leave policies for employees

Question 18

The _____ is the senior executive responsible for monitoring an organization's moral standards both internally and externally.

Accepted Answer

A)  ethics officer 
B)  assessing officer 
C)  chief knowledge officer 
D)  chief analytics officer 
A)  ethics officer 
B)  assessing officer 
C)  chief knowledge officer 
D)  chief analytics officer

Question 19

A code of ethics is a guide for employees that covers every possible event.

Accepted Answer

A) True 
 B)False

Question 20

According to the Ethics and Compliance Officers Association survey,which of the following is ranked lowest in the category of the main responsibilities of an ethics officer?

Accepted Answer

A)  Training design 
B)  Organizationwide communications 
C)  Oversight of hotline/guideline/internal reporting 
D)  Conducting investigations of wrongdoing 
A)  Training design 
B)  Organizationwide communications 
C)  Oversight of hotline/guideline/internal reporting 
D)  Conducting investigations of wrongdoing

A transparent organization tends to avoid open and honest communication with all its stakeholders.

When a company develops a clear sense of what it stands for as an ethical organization,it develops _____ ethical policies.

Walter Warburg & Co.,a new investment banking firm,has dismissed the idea of establishing a code of ethics for its workplace.Which of the following is the most likely consequence?

A company should avoid communicating its ethics policy to external stakeholders.

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should get endorsement from the chairperson and the board.

Which of the following statements is true of an ethics officer?

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.

Employees and stakeholders are required to follow their company's code of ethics strictly.

What are the functions of a well-written code of ethics?

The chief responsibility of an ethics officer is to assess competitors' strengths and weaknesses.

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

The difference between reactive and proactive policies is that:

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should create an original model rather than picking a well-tested model.

The continued growth of technology will present new situations for ethical dilemmas,thus a company's code of ethics needs to be rewritten on a regular basis.

After promoting an organization's commitment to ethical behavior,which of the following should be the immediate next stage in making ethical behavior sustainable for the company?

Which of the following topics would be elaborated in a company's code of ethics?

The _____ is the senior executive responsible for monitoring an organization's moral standards both internally and externally.

A code of ethics is a guide for employees that covers every possible event.

According to the Ethics and Compliance Officers Association survey,which of the following is ranked lowest in the category of the main responsibilities of an ethics officer?

Understanding Ethics

Defining Business Ethics

Organizational Ethics

Corporate Social Responsibility

Corporate Governance

The Role of Government

Blowing the Whistle

Ethics and Technology

Ethics and Globalization

Filters

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

A transparent organization tends to avoid open and honest communication with all its stakeholders.

When a company develops a clear sense of what it stands for as an ethical organization,it develops _____ ethical policies.

Walter Warburg & Co.,a new investment banking firm,has dismissed the idea of establishing a code of ethics for its workplace.Which of the following is the most likely consequence?

A company should avoid communicating its ethics policy to external stakeholders.

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should get endorsement from the chairperson and the board.

Which of the following statements is true of an ethics officer?

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.

Employees and stakeholders are required to follow their company's code of ethics strictly.

What are the functions of a well-written code of ethics?

The chief responsibility of an ethics officer is to assess competitors' strengths and weaknesses.

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

The difference between reactive and proactive policies is that:

When creating a code of ethics from scratch,the Institute of Business Ethics suggests that an organization should create an original model rather than picking a well-tested model.

The continued growth of technology will present new situations for ethical dilemmas,thus a company's code of ethics needs to be rewritten on a regular basis.

After promoting an organization's commitment to ethical behavior,which of the following should be the immediate next stage in making ethical behavior sustainable for the company?

Which of the following topics would be elaborated in a company's code of ethics?

The _____ is the senior executive responsible for monitoring an organization's moral standards both internally and externally.

A code of ethics is a guide for employees that covers every possible event.

According to the Ethics and Compliance Officers Association survey,which of the following is ranked lowest in the category of the main responsibilities of an ethics officer?

Understanding Ethics

Defining Business Ethics

Organizational Ethics

Corporate Social Responsibility

Corporate Governance

The Role of Government

Blowing the Whistle

Ethics and Technology

Ethics and Globalization

Filters