Exam 1: Introducing Straight Talk About Managing Business Ethics: Where Were Going and Why

Which of these is Adam Smith's first book?

In 2010, the U.S. Congress abolished the Dodd‐Frank Financial Regulation Legislation-an attempt to revive the economy through stabilizing the financial industry.

Both characteristics of the environment and the individual contribute to unethical behavior.

According to the authors, most people are guided by a strict internal moral compass and will not be swayed by organization factors.

For individuals, values can be defined as "one's core beliefs about what is important, what is valued, and how one should behave across a wide variety of situations."

Federal laws define what is ethical. Therefore, all unethical behavior is considered unlawful.

Parties who are affected by the business and its actions and who have an interest in what the business does and how it performs are called _______.

_________ students may need more ethics training because research has found that they rank lower in moral reasoning than other students.

Your roommate tells you that she just refuses to buy products from a company that has bad reputation and she does not trust. According to the 2016 Edelman Trust Barometer, your roommate is among the _____ percent of consumers who refuse to purchase products from a company they mistrusted.

According to research, one's ethics are fully formed and unchangeable by the time one is old enough to enter college or a job.

The Ethics Resource Center's 2011 National Business Ethics Survey found that only _____ percent of employees of for-profit enterprises report feeling pressured to compromise their ethical standards.

The activities that brought down the U.S. economy and others around the world, in 2008, were unethical in that they ultimately produced great harm and were contrary to a number of ethical principles such as responsibility, transparency, and fairness.

The interest in business ethics is just a fad that has only recently been created by popular scandals (i.e., Enron, WorldCom, etc.) reported in the news.

Susan is describing to her teammates her core beliefs about what is important and how she would behave across a wide variety of situations. Susan is defining her ____.

In the early 2000s, borrowers no longer needed to provide proof of employment or income. These were popularly called "no doc" or "liar loans" because banks weren't bothering to verify the "truth" of what borrowers were claiming on their mortgage applications. This was one of the factors that laid the groundwork for the disaster in the United States.

Which of the following legislation was passed by the U.S. Congress to rein in the most egregious practices in the financial industry?

John and Jessica recently went to a local bank for borrowing money to purchase a home. If the bank offers them a 100-percent financing and are not required to provide proof of employment or income, it would classify as the _____ from the 2000s era in the United States.

It is unethical for managers to "control" employees' ethical behavior through direct management and the organization's formal and informal cultural systems.

By ignoring the topic of ethical behavior, an organization may actually be encouraging unethical behavior through benign neglect.

The implosion of the financial markets in 2008 was largely the result of: