Question 1

The branch of philosophy that addresses the values pertaining to human behavior, with regard to the "rightness" and "wrongness" of actions and to the "goodness" and "badness" of the intent and results of such actions is called _____.

Accepted Answer

A) ethics 
B) integrity 
C) values 
D) morals 
E) principles

Question 2

The five fundamentals of ethics education proposed by AACSB are: personal integrity, responsibility of business in society, ethical decision making, ethical leadership, and corporate governance.

Accepted Answer

A) True 
 B)False

Question 3

Scenario - GCD Industries GCD Industries is a multinational organization that produces heavy equipment.  It supplies many foreign nations with the necessary equipment to conduct reconstruction after natural disasters.  One of the company's largest sales resulted from the devastation that occurred in Japan after the tsunami hit that nation.  GCD is committed to helping nations recover from destruction brought about by natural phenomenon. GCD prides itself on conducting its business in an honest and ethical manner.  It does not wish to deal with countries that engage in corrupt business practices, but realizes that all nations have differing business practices.  When the need arises for its products, this company strives to impart integrity into all of its business deals with foreign nations regardless of that nation's accepted practices. GCD Industries attempts to always conduct its business in an ethical manner.  It investigates the foreign nations in which it operates so it will be aware of any upcoming business practice differences such as corruption levels the company may face.  Which one of the following is the most likely source of the information sought by GCD Industries?

Accepted Answer

A) CPI 
B) WTO 
C) CSR 
D) WHO 
E) FCPA

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Internal control procedures fit into _____ categories.

Accepted Answer

A) two 
B) three 
C) four 
D) five 
E) six

Question 6

Do you believe ethics can be taught? Why or why not? Explain your answer with specific examples.

Accepted Answer

The answer of Do you believe ethics can be taught?...

Question 7

The average computer crime has been estimated to cost almost

Accepted Answer

A) $250. 
B) $2,500. 
C) $25,000. 
D) $200,000. 
E) $2,500,000.

Question 8

Compare and contrast the two categories of internal control procedures.

Accepted Answer

The answer of Compare and contrast the two categories of...

Question 9

Which of the following is NOT a value described in the BBB Code of Business Practices?

Accepted Answer

A) Build trust 
B) Make the decision 
C) Define all the facts and circumstances 
D) Identify the people affected by the situation 
E) Determine that a decision needs to be made

Question 10

Of the following statements, which is NOT true about ethics and integrity?

Accepted Answer

A) A person of integrity has knowledge about what morally constitutes the right things to do. 
B) A person of integrity has the courage to do what is right. 
C) Ethical situations are always black and white. 
D) There are four basic steps in ethical decision making. 
E) An ethical dilemma occurs when one must make a choice among alternative actions and the right choice is not absolutely clear.

Question 11

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."

Accepted Answer

A) True 
 B)False

Question 12

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?

Accepted Answer

A) Personal integrity 
B) Objectivist theory 
C) Ethical leadership 
D) Corporate governance 
E) Responsibility of business in society

Question 13

Of the following, which is NOT a mandate that companies with corporate social responsibility strive to do?

Accepted Answer

A) Provide a quality product or service to its customers 
B) Treat its employees with dignity and respect 
C) Do whatever it takes to be profitable 
D) Meet its legal obligations 
E) Fairly deal with suppliers

Question 14

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

Accepted Answer

A) identify the alternative decisions and consequences 
B) make the decision 
C) define all the facts and circumstances 
D) identify the people affected by the situation 
E) determine that a decision needs to be made

Question 15

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.

Accepted Answer

A) libertarian 
B) religious 
C) universal 
D) ethical 
E) generalization

Question 16

SOX requires that the CEO and the CFO of a publicly traded corporation must certify in each periodic report containing financial statements that the report fully complies with the Securities Exchange Act of 1934 and that the information fairly represents the company's financial condition and results of operations.

Accepted Answer

A) True 
 B)False

Question 17

The government can force an individual to sell his or her land so that a road can be built for the benefit of the public as a whole. This is an example of the _____ principle.

Accepted Answer

A) essence 
B) governance 
C) imperative 
D) utilitarian 
E) generalization

Question 18

Which is NOT an example of a preventive control?

Accepted Answer

A) providing for the physical security of assets 
B) keeping adequate records 
C) following written policies and procedures 
D) hiring competent and ethical employees 
E) production quality control

Question 19

Corruption is unknown in countries with low CPI scores.

Accepted Answer

A) True 
 B)False

Question 20

Accounting practices that update the value of an asset to its current market levels are referred to as ______ accounting.

Accepted Answer

The answer of Accounting practices that update the value of...

Exam 7: Corruption and Ethics in Global Business

The branch of philosophy that addresses the values pertaining to human behavior, with regard to the "rightness" and "wrongness" of actions and to the "goodness" and "badness" of the intent and results of such actions is called _____.

The five fundamentals of ethics education proposed by AACSB are: personal integrity, responsibility of business in society, ethical decision making, ethical leadership, and corporate governance.

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

Internal control procedures fit into _____ categories.

Do you believe ethics can be taught? Why or why not? Explain your answer with specific examples.

The average computer crime has been estimated to cost almost

Compare and contrast the two categories of internal control procedures.

Which of the following is NOT a value described in the BBB Code of Business Practices?

Of the following statements, which is NOT true about ethics and integrity?

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."

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?

Of the following, which is NOT a mandate that companies with corporate social responsibility strive to do?

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

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.

The government can force an individual to sell his or her land so that a road can be built for the benefit of the public as a whole. This is an example of the _____ principle.

Which is NOT an example of a preventive control?

Corruption is unknown in countries with low CPI scores.

Accounting practices that update the value of an asset to its current market levels are referred to as ______ accounting.