Question 1

responsibilities relate to a business's contributions to stakeholders.

Accepted Answer

A) Economic 
B) Legal 
C) Ethical 
D) Voluntary 
E) Social responsiveness 
A) Economic 
B) Legal 
C) Ethical 
D) Voluntary 
E) Social responsiveness D

Question 2

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Accepted Answer

A) Civil Rights Act of 1964 
B) Sherman Antitrust Act of 1890 
C) Magnuson-Moss Warranty Act of 1974 
D) Consumer Product Safety Act of 1972 
E) Pure Food and Drug Act of 1906 
A) Civil Rights Act of 1964 
B) Sherman Antitrust Act of 1890 
C) Magnuson-Moss Warranty Act of 1974 
D) Consumer Product Safety Act of 1972 
E) Pure Food and Drug Act of 1906 E

Question 3

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

Accepted Answer

A) Increases the accountability and transparency of financial institutions 
B) Creates a bureau to educate consumers in financial literacy 
C) Creates an organization to pay the bills of low-income consumers 
D) Create incentives for whistle-blowers to come forward 
E) Increases oversight of the financial industry 
A) Increases the accountability and transparency of financial institutions 
B) Creates a bureau to educate consumers in financial literacy 
C) Creates an organization to pay the bills of low-income consumers 
D) Create incentives for whistle-blowers to come forward 
E) Increases oversight of the financial industry C

Question 4

Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

Accepted Answer

A) Help create an ethical culture and values that can act as a buffer to organizational misconduct 
B) Reduce government involvement by providing assistance to stakeholders 
C) Develop employee leadership skills 
D) Improve employee compensation and retention 
E) Improve the quality of life in communities 
A) Help create an ethical culture and values that can act as a buffer to organizational misconduct 
B) Reduce government involvement by providing assistance to stakeholders 
C) Develop employee leadership skills 
D) Improve employee compensation and retention 
E) Improve the quality of life in communities

Question 5

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Accepted Answer

Students can draw fr

Question 6

Part of the reason why credit ratings firms did not catch major problems prior to the global financial meltdown of 2008 was because they were paid by the firms that they rank,which creates

Accepted Answer

A) economies of scale. 
B) synergy. 
C) a conflict of interest. 
D) cooperation. 
E) efficiency. 
A) economies of scale. 
B) synergy. 
C) a conflict of interest. 
D) cooperation. 
E) efficiency.

Question 7

Who provides information to managers,investors,tax authorities,and other stakeholders who make resource allocation decisions for corporations?

Accepted Answer

A) Accountants 
B) Federal regulators 
C) The Securities and Exchange Commission 
D) The Department of Justice 
E) Human Resources departments 
A) Accountants 
B) Federal regulators 
C) The Securities and Exchange Commission 
D) The Department of Justice 
E) Human Resources departments

Question 8

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Accepted Answer

A) Because the large size creates economies of scale and they can charge lower prices 
B) Because the selection in the stores is too large 
C) Because large retailers attract crime to neighborhoods in which they are based 
D) Because community leaders do not like the top management 
E) Because large retailers almost never hire local workers as employees 
A) Because the large size creates economies of scale and they can charge lower prices 
B) Because the selection in the stores is too large 
C) Because large retailers attract crime to neighborhoods in which they are based 
D) Because community leaders do not like the top management 
E) Because large retailers almost never hire local workers as employees

Question 9

Which of the following is not one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Accepted Answer

A) Develop a code of conduct 
B) Provide oversight by high-ranking personnel 
C) Create a communication system for disseminating standards and procedures 
D) Monitor and audit systems designed to detect misconduct 
E) Comply with ISO 14000 guidelines 
A) Develop a code of conduct 
B) Provide oversight by high-ranking personnel 
C) Create a communication system for disseminating standards and procedures 
D) Monitor and audit systems designed to detect misconduct 
E) Comply with ISO 14000 guidelines

Question 10

Investigations into the financial rating industry after the financial meltdown of 2008 found all of the following except

Accepted Answer

A) analysts cut corners when faced with less time to perform due diligence. 
B) analysts' ratings were inaccurate. 
C) many high ratings were based on inadequate historical data. 
D) analysts were overwhelmed with the volume and complexity of trades. 
E) most analysts were completely untrained and unprepared to do their jobs. 
A) analysts cut corners when faced with less time to perform due diligence. 
B) analysts' ratings were inaccurate. 
C) many high ratings were based on inadequate historical data. 
D) analysts were overwhelmed with the volume and complexity of trades. 
E) most analysts were completely untrained and unprepared to do their jobs.

Question 11

Which of the following is not an aspect of the institutionalization of social responsibility?

Accepted Answer

A) Voluntary practices 
B) Legal responsibilities 
C) Core practices 
D) Familial responsibilities 
E) Strategic philanthropy 
A) Voluntary practices 
B) Legal responsibilities 
C) Core practices 
D) Familial responsibilities 
E) Strategic philanthropy

Question 12

Which of the following groups is not a group that receives special legal protections?

Accepted Answer

A) The elderly 
B) Children 
C) Senior citizens 
D) The highly educated 
E) Young consumers 
A) The elderly 
B) Children 
C) Senior citizens 
D) The highly educated 
E) Young consumers

Question 13

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Accepted Answer

A) conflicts of interest. 
B) cronyism. 
C) reporting transparency. 
D) corporate espionage. 
E) dual reporting. 
A) conflicts of interest. 
B) cronyism. 
C) reporting transparency. 
D) corporate espionage. 
E) dual reporting.

Question 14

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Accepted Answer

A) Department of Justice and Open Compliance Ethics Group 
B) Department of Justice and the Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations and the Sarbanes-Oxley Act 
D) Food and Drug Administration and the Sarbanes-Oxley Act 
E) Securities and Exchange Commission and the Sarbanes-Oxley Act 
A) Department of Justice and Open Compliance Ethics Group 
B) Department of Justice and the Sarbanes-Oxley Act 
C) Federal Sentencing Guidelines for Organizations and the Sarbanes-Oxley Act 
D) Food and Drug Administration and the Sarbanes-Oxley Act 
E) Securities and Exchange Commission and the Sarbanes-Oxley Act

Question 15

Which of the following is not a provision of the Sarbanes-Oxley Act?

Accepted Answer

A) Strengthens penalties for corporate fraud 
B) Discourages the creation of ethical and legal compliance programs 
C) Requires codes of ethics for financial reporting in corporations 
D) Makes fraudulent financial reporting a criminal offense 
E) Requires greater transparency in financial reporting 
A) Strengthens penalties for corporate fraud 
B) Discourages the creation of ethical and legal compliance programs 
C) Requires codes of ethics for financial reporting in corporations 
D) Makes fraudulent financial reporting a criminal offense 
E) Requires greater transparency in financial reporting

Question 16

Which of the forces of the business environment involves the rivalry among businesses for customers and profits?

Accepted Answer

A) The economic dimension 
B) The legal dimension 
C) The competitive dimension 
D) The technological dimension 
E) The voluntary responsibilities dimension 
A) The economic dimension 
B) The legal dimension 
C) The competitive dimension 
D) The technological dimension 
E) The voluntary responsibilities dimension

Question 17

According to the text,the opinions of society,as expressed through legislation,can change over time and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Accepted Answer

The role of laws is not so much to deter

Question 18

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

Accepted Answer

A) sustained price cuts. 
B) free samples. 
C) discriminatory pricing. 
D) price collusion. 
E) corporate espionage. 
A) sustained price cuts. 
B) free samples. 
C) discriminatory pricing. 
D) price collusion. 
E) corporate espionage.

Question 19

Which is not one of the four sources of criminal and civil laws?

Accepted Answer

A) Judicial law 
B) Common law 
C) Constitutional law 
D) Administrative law 
E) Statutory law 
A) Judicial law 
B) Common law 
C) Constitutional law 
D) Administrative law 
E) Statutory law

Question 20

focus(es)on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

Accepted Answer

A) The Dodd-Frank Wall Street Reform and Consumer Protection Act 
B) Compliance 
C) Organizational ethics 
D) Core practices 
E) The Sarbanes Oxley Act 
A) The Dodd-Frank Wall Street Reform and Consumer Protection Act 
B) Compliance 
C) Organizational ethics 
D) Core practices 
E) The Sarbanes Oxley Act

responsibilities relate to a business's contributions to stakeholders.

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Part of the reason why credit ratings firms did not catch major problems prior to the global financial meltdown of 2008 was because they were paid by the firms that they rank,which creates

Who provides information to managers,investors,tax authorities,and other stakeholders who make resource allocation decisions for corporations?

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Which of the following is not one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Investigations into the financial rating industry after the financial meltdown of 2008 found all of the following except

Which of the following is not an aspect of the institutionalization of social responsibility?

Which of the following groups is not a group that receives special legal protections?

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Which of the following is not a provision of the Sarbanes-Oxley Act?

Which of the forces of the business environment involves the rivalry among businesses for customers and profits?

According to the text,the opinions of society,as expressed through legislation,can change over time and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

Which is not one of the four sources of criminal and civil laws?

focus(es)on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision-Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters

Exam 4: The Institutionalization of Business Ethics

responsibilities relate to a business's contributions to stakeholders.

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Part of the reason why credit ratings firms did not catch major problems prior to the global financial meltdown of 2008 was because they were paid by the firms that they rank,which creates

Who provides information to managers,investors,tax authorities,and other stakeholders who make resource allocation decisions for corporations?

What is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

Which of the following is not one of the seven steps that the U.S.Sentencing Commission requires for an effective compliance program?

Investigations into the financial rating industry after the financial meltdown of 2008 found all of the following except

Which of the following is not an aspect of the institutionalization of social responsibility?

Which of the following groups is not a group that receives special legal protections?

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission,the Sarbanes-Oxley Act is attempting to eliminate

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Which of the following is not a provision of the Sarbanes-Oxley Act?

Which of the forces of the business environment involves the rivalry among businesses for customers and profits?

According to the text,the opinions of society,as expressed through legislation,can change over time and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

Which is not one of the four sources of criminal and civil laws?

focus(es)on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision-Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Exploring Business Ethics, Social Responsibility, and Compliance Programs

Filters