Bus ethics | Business & Finance homework help

Question 1

1.         

According to the text, in the absence of ethics programs, employees are likely to make decisions based on

Answer

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their observations of how their peers and superiors behave.

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their observations of how their superiors behave.

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their conscience.

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their religious values.

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their family values.

4 points   

Question 2

1.         

A person who offers a bribe to secure a contract that will keep her company from going bankrupt and laying off hundreds of employees may be a(n)

Answer

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egoist.

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teleologist.

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utilitarian.

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relativist.

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humanitarian.

4 points   

Question 3

1.         

Which of the following is NOT a responsibility of an ethics officer?

Answer

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Coordinating the ethical compliance program with top management, the board of directors, and senior management.

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Developing, revising, and disseminating a code of ethics.

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Developing effective communication of ethical standards.

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Establishing audit and control systems to determine the effectiveness of the program.

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Developing and implementing marketing strategy.

4 points   

Question 4

1.         

To be effective, ethics training must first start with a foundation that includes:

Answer

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a code of ethics.

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an ethics audit.

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a regulatory lobbyist.

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a total quality management program.

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a diversity agenda.

4 points   

Question 5

1.         

Values orientation strives to develop:

Answer

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compliance.

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moral philosophies.

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personal character.

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shared values.

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codes of ethics.

4 points   

Question 6

1.         

When the Body Shop posts the results of its ethics audit on its web site, it is engaged in which of the following steps of the ethics auditing process?

Answer

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Submit the results to the U.S. Sentencing Commission.

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Define the scope of the audit.

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Collect and analyze relevant information.

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Verify the results.

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Report the results.

4 points   

Question 7

1.         

A code of ethics is the most comprehensive code of conduct.

Answer

[removed] True

[removed] False

4 points   

Question 8

1.         

Ideally, the ethics audit should be overseen by the

Answer

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board of directors’ financial audit committee.

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board of directors.

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chief executive officer.

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ethics officer.

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outside consultant.

4 points   

Question 9

1.         

A major mistake in designing and implementing an ethics program is:

Answer

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developing a value-based ethics program.

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senior management’s failure to take ownership.

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including compliance in the ethics program.

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relying on regulatory requirements as a part of the code.

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focusing on shared values.

4 points   

Question 10

1.         

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover all costs of exporting, is known as

Answer

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price discrimination.

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price gouging.

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dumping.

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skimming.

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loading.

4 points   

Question 11

1.         

The belief that consumers, rather than the interests of producers, should dictate the economic structure of a society is:

Answer

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amakudari.

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the self-reference criterion.

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cultural relativism.

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consumerism.

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economics.

4 points   

Question 12

1.         

An outside group is defined as two or more individuals with a common interest but without an explicit organizational structure.

Answer

[removed] True

[removed] False

4 points   

Question 13

1.         

According to Kohlberg’s model, as a person progresses through the stages of moral development, and with time, education, and experience, he/she

Answer

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is unlikely to change his/her values and ethical behavior.

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may change his/her values and ethical behavior.

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will likely be promoted.

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will depend more on the input of significant others in ethical decision making.

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will experience less opportunity to behave unethically.

4 points   

Question 14

1.         

The ________ prohibits U.S. corporations from offering or providing payments to officials of foreign governments for the purpose of obtaining or retaining business abroad.

Answer

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Foreign Corrupt Practices Act

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Pure Food and Drug Act

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Clayton Act

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Federal Trade Commission Act

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Robinson-Patman Act

4 points   

Question 15

1.         

When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called

Answer

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self-reference criterion.

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country cultural values.

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global common values.

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cultural relativism.

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dumping.

4 points   

Question 16

1.         

Which of the following statements is correct?

Answer

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The caring culture exhibits low concern for people but maximum concern for performance issues.

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The caring culture exhibits high concern for people but minimal concern for performance issues.

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The caring culture exhibits low concern for people and minimal concern for performance issues.

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The exacting culture shows much concern for people but a low concern for performance.

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The integrative culture combines high concern for people and low concern for performance.

4 points   

Question 17

1.         

__________assume(s) that a the market, through its own inherent mechanisms, will keep commerce in equilibrium.

Answer

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Amakudari

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Laissez-faire

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Economics

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Multinational corporations

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Socialism

4 points   

Question 18

1.         

A formal group is defined as an assembly of individuals that has an organized structure accepted explicitly by the group.

Answer

[removed] True

[removed] False

4 points   

Question 19

1.         

The strategic importance of ethics auditing includes all of the following EXCEPT:

Answer

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assessment for reallocating resources.

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boosting profits and reducing risk.

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improving stakeholder relationships.

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avoidance of fines in case of an infraction

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providing a management tool for helping companies facilitate improvement.

4 points   

Question 20

1.         

One of the main problems with virtue ethics is

Answer

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the implementation of its elements within and between cultures.

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that no one believes they exist.

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that there are no moral heroes.

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that they are unobtainable, therefore they become meaningless.

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that many feel that everything becomes relative.

4 points   

Question 21

1.         

An advantage of the decentralized organization is that

Answer

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the focus is on formal rules, policies, and procedures backed up with elaborate control systems.

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there is a high level of bureaucracy.

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each worker knows his or her job and what is specifically expected as well as how to carry out designated tasks.

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it is adaptable and can quickly respond to external change.

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there is minimal upward communication.

4 points   

Question 22

1.         

The first step in conducting any audit is to:

Answer

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secure the commitment of top management and/or board of directors.

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discuss how the audit findings will be reported to the internal audit committee.

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compare internal information to stakeholder expectations.

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define the organization’s priorities as they relate to key stakeholders.

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evaluate the organization’s ethics program to determine its effectiveness.

4 points   

Question 23

1.         

Data analysis that includes an examination of how other firms in the industry are performing in particular areas may be called benchmarking.

Answer

[removed] True

[removed] False

4 points   

Question 24

1.         

_________, which is related to behavioral economics, states that how information is presented to consumers will affect their choices.

Answer

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A framing effect

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Dumping

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Bi-modal wealth distribution

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Culture

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Social democracy

4 points   

Question 25

1.         

Which of the following is a measure taken to curtail multinational corporations (MNC) practices that create ethical issues?

Answer

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MNCs are trying to prevent the formation of labor unions.

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MNCs are trying to halt the establishment of minimum wage laws.

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MNCs are trying to avoid the United Nations’ efforts to monitor them.

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Host governments have levied import taxes to lower the prices MNCs charge for their products.

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Host governments have levied export taxes to force MNCs to share more of their profits.

 

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