Question 1

A well-written code of ethics:

Accepted Answer

A)  states policies for behavior in specific situations. 
B)  distinguishes between punishments for violations of ethics for different managerial levels. 
C)  establishes a detailed guide to acceptable behavior exclusively for external stakeholders. 
D)  documents rewards for selected top management employees on fulfillment of ethical policies. 
A)  states policies for behavior in specific situations. 
B)  distinguishes between punishments for violations of ethics for different managerial levels. 
C)  establishes a detailed guide to acceptable behavior exclusively for external stakeholders. 
D)  documents rewards for selected top management employees on fulfillment of ethical policies.

Question 2

A well-written code of ethics can establish a detailed guide to acceptable behavior.

Accepted Answer

A) True 
 B)False

Question 3

_____ is a characteristic of an organization that maintains open and honest communications with all its stakeholders.

Accepted Answer

The answer of _____ is a characteristic of an organization...

Question 4

Altra Partners (AP)believes that a company's commitment to ethical behavior impacts every managerial level and every department of the organization.It has recently established a code of ethics and started an extensive training for every member of the organization.Which of the following steps is most likely to be undertaken by AP next?

Accepted Answer

A)  Hire an ethics officer 
B)  Promote ethical behavior among shareholders 
C)  Reward ethical behavior demonstrated by employees 
D)  Monitor ethical behavior of the employees 
A)  Hire an ethics officer 
B)  Promote ethical behavior among shareholders 
C)  Reward ethical behavior demonstrated by employees 
D)  Monitor ethical behavior of the employees

Question 5

A carefully "wordsmithed" document and carefully positioned press releases suggest that an organization is strictly following the policy of transparency.

Accepted Answer

A) True 
 B)False

Question 6

In order to make ethical behavior sustainable,an organization requires commitment solely from the top management.

Accepted Answer

A) True 
 B)False

Question 7

Demanding customers who want new and better products and services at lower prices represent a typical market.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Which of the following should an organization avoid doing with respect to a company's ethics policy?

Accepted Answer

A)  Awarding prizes for ethical behavior 
B)  Declaring an Ethics Day,and allowing every department to share success stories 
C)  Communicating only to internal stakeholders 
D)  Recognizing employees who represent the standard of behavior to which the company is committed 
A)  Awarding prizes for ethical behavior 
B)  Declaring an Ethics Day,and allowing every department to share success stories 
C)  Communicating only to internal stakeholders 
D)  Recognizing employees who represent the standard of behavior to which the company is committed

Question 10

A company's commitment to ethical behavior impacts only the lower level of management and those departments that deal directly with customers.

Accepted Answer

A) True 
 B)False

Question 11

The Ethics and Compliance Officers Association is a professional group of ethics and compliance officers with over 1,000 members.

Accepted Answer

A) True 
 B)False

Question 12

It is important to establish an extensive training program to support the published code of ethics of a company.

Accepted Answer

A) True 
 B)False

Question 13

HP Chase Inc.,an investment banking firm,has decided to make ethical behavior sustainable for the organization.It has established the process of monitoring and enforcement of ethical behavior by establishing a code of ethics.Which of the following is the step that HP Chase Inc.is most likely to undertake next?

Accepted Answer

A)  Reward ethical behavior demonstrated by the board of directors 
B)  Hire an ethics officer 
C)  Reward ethical behavior demonstrated by employees 
D)  Support the code of ethics with extensive training for every member of the organization 
A)  Reward ethical behavior demonstrated by the board of directors 
B)  Hire an ethics officer 
C)  Reward ethical behavior demonstrated by employees 
D)  Support the code of ethics with extensive training for every member of the organization

Question 14

Which of the following is the first stage in making ethical behavior sustainable for a company?

Accepted Answer

A)  Hiring an ethical officer 
B)  Establishing a code of ethics 
C)  Rewarding ethical behavior demonstrated by employees 
D)  Supporting the code of ethics with extensive training for every member of the organization 
A)  Hiring an ethical officer 
B)  Establishing a code of ethics 
C)  Rewarding ethical behavior demonstrated by employees 
D)  Supporting the code of ethics with extensive training for every member of the organization

Question 15

The first stage in the process of making ethical behavior sustainable for an organization is to establish a _____.

Accepted Answer

The answer of The first stage in the process of...

Question 16

Differentiate between reactive and proactive ethical policies.

Accepted Answer

A reactive ethical policy exists when or

Question 17

An ethics policy commits a company to doing the right thing for all those who are affected by it; therefore,a company must share the message with all of its _____ -both inside and outside the company.

Accepted Answer

The answer of An ethics policy commits a company to...

Question 18

For creating a code of ethics,the Institute of Business Ethics advises companies:

Accepted Answer

A)  not to pick a well-tested model. 
B)  to put the code on the organization's website rather than sending it to all employees,suppliers,and others. 
C)  to introduce practical examples of the code in all company internal (and external)training programs. 
D)  not to try out the code first as no piloting is required. 
A)  not to pick a well-tested model. 
B)  to put the code on the organization's website rather than sending it to all employees,suppliers,and others. 
C)  to introduce practical examples of the code in all company internal (and external)training programs. 
D)  not to try out the code first as no piloting is required.

Question 19

After hiring an ethics officer,which of the following is the immediate next stage in making ethical behavior sustainable for a company?

Accepted Answer

A)  Monitoring the ethical behavior of employees continuously as the company grows 
B)  Establishing a code of ethics 
C)  Rewarding ethical behavior demonstrated by employees 
D)  Supporting the code of ethics with extensive training for every member of the organization 
A)  Monitoring the ethical behavior of employees continuously as the company grows 
B)  Establishing a code of ethics 
C)  Rewarding ethical behavior demonstrated by employees 
D)  Supporting the code of ethics with extensive training for every member of the organization

Question 20

_____ in business means that stakeholders have visibility deep into the processes and information of an organization.

Accepted Answer

A)  Transparency 
B)  Conformity 
C)  Vicarious liability 
D)  Organizational integrity 
A)  Transparency 
B)  Conformity 
C)  Vicarious liability 
D)  Organizational integrity

A well-written code of ethics:

A well-written code of ethics can establish a detailed guide to acceptable behavior.

_____ is a characteristic of an organization that maintains open and honest communications with all its stakeholders.

A carefully "wordsmithed" document and carefully positioned press releases suggest that an organization is strictly following the policy of transparency.

In order to make ethical behavior sustainable,an organization requires commitment solely from the top management.

Demanding customers who want new and better products and services at lower prices represent a typical market.

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

Which of the following should an organization avoid doing with respect to a company's ethics policy?

A company's commitment to ethical behavior impacts only the lower level of management and those departments that deal directly with customers.

The Ethics and Compliance Officers Association is a professional group of ethics and compliance officers with over 1,000 members.

It is important to establish an extensive training program to support the published code of ethics of a company.

Which of the following is the first stage in making ethical behavior sustainable for a company?

The first stage in the process of making ethical behavior sustainable for an organization is to establish a _____.

Differentiate between reactive and proactive ethical policies.

An ethics policy commits a company to doing the right thing for all those who are affected by it; therefore,a company must share the message with all of its _____ -both inside and outside the company.

For creating a code of ethics,the Institute of Business Ethics advises companies:

After hiring an ethics officer,which of the following is the immediate next stage in making ethical behavior sustainable for a company?

_____ in business means that stakeholders have visibility deep into the processes and information of an organization.

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 well-written code of ethics:

A well-written code of ethics can establish a detailed guide to acceptable behavior.

_____ is a characteristic of an organization that maintains open and honest communications with all its stakeholders.

A carefully "wordsmithed" document and carefully positioned press releases suggest that an organization is strictly following the policy of transparency.

In order to make ethical behavior sustainable,an organization requires commitment solely from the top management.

Demanding customers who want new and better products and services at lower prices represent a typical market.

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

Which of the following should an organization avoid doing with respect to a company's ethics policy?

A company's commitment to ethical behavior impacts only the lower level of management and those departments that deal directly with customers.

The Ethics and Compliance Officers Association is a professional group of ethics and compliance officers with over 1,000 members.

It is important to establish an extensive training program to support the published code of ethics of a company.

Which of the following is the first stage in making ethical behavior sustainable for a company?

The first stage in the process of making ethical behavior sustainable for an organization is to establish a _____.

Differentiate between reactive and proactive ethical policies.

An ethics policy commits a company to doing the right thing for all those who are affected by it; therefore,a company must share the message with all of its _____ -both inside and outside the company.

For creating a code of ethics,the Institute of Business Ethics advises companies:

After hiring an ethics officer,which of the following is the immediate next stage in making ethical behavior sustainable for a company?

_____ in business means that stakeholders have visibility deep into the processes and information of an organization.

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