Exam 8: Control of Global Business

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.

To prepare business leaders for the 21st century,the Association to Advance Collegiate Schools of Business suggests all but which of the following fundamentals of ethics education?

Which is NOT an example of a preventive control?

Under the terms of the Foreign Corrupt Practices Act,it is illegal to give a bribe to a foreign official or foreign political party,but permissible to give a bribe to a businessperson if bribery is considered "an integral part of doing business in the country's environment."

A type of fraud,in which money received from later investors is used to provide returns to earlier investors,thus giving an appearance of a profitable investment is called a ______ scheme.

Which causes MOST problems associated with computer security?

Do what is right,but filter the action by consideration of its consequences.Make a decision by considering the consequences if everyone made the same choice under similar circumstances.These statements refer to the _____ argument.

Scenario - Bradley Corporation The Bradley Corporation manufactures packaged food items that are sold around the globe.Baby food is the prominent product line currently produced by the corporation.Many of the customers for these products are located in third world countries where infant nutrition is a serious problem. Bradley has recently decided to change its internal management structure.New managers for the corporation are now in place; however these new leaders do not appear to have the same value system as the former leaders.The former leaders embraced the idea of product safety and exhibited integrity in the production of the corporation's product lines.While the new managers claim these are important to them also,it seems the bottom line profit has precedent with them. These changes have created concern in the company.There is strong disapproval for the way the company is conducting its business at the present time.The Board of Directors for Bradley is facing the serious question of whether profit is the only thing that matters now to the corporation. -Corporate social responsibility is defined as a company's obligations to society,including the welfare of people and places affected by the company's activities.Which one of the following would not demonstrate the Bradley Corporation's adherence to its corporate social responsibility?

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

Computer crime became commonplace with the development of the world wide web in the

Asking oneself "Would I want others to treat me this way?" is an application of the principle of _____.

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

The Sarbanes-Oxley Act of 2002 set "green" standards for companies.

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

_____ is considered by many to be the most infamous financial scandal in United States history.

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

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

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

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

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