Bus475 quiz 3 (Spring 2014)

Question

Bus475 quiz 3 (Spring 2014)

Question # 00014771 Posted By: neil2103 Updated on: 05/07/2014 09:07 PM Due on: 05/28/2014

Subject Business Topic General Business Tutorials:

Question

Question 1

As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:

Answer

		Philosophers.
		Chaplains.
		Financial advisors.
		Ombudspersons.

Question 2

A bottom-line mentality in business is reflected in which statement?

Answer

		“I want it.”
		“We have to beat the others at all costs.”
		“Help yourself and those closest to you.”
		“Foreigners have a funny notion of what’s right and wrong.”

Question 3

As business becomes increasingly global:

Answer

		It must turn to national laws for guidance.
		Ethical issues become issues of free trade.
		A global code of conduct will emerge for businesses.
		Cross-cultural contradictions will increase.

5 points

Question 4

People everywhere depend on ethical systems to tell them whether their actions are:

Answer

		Legal or illegal.
		Right or wrong.
		Financially attainable or not.
		Logical and reasonable judgment.

Question 5

Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:

Answer

		Increased.
		Reduced.
		Unaffected.
		Decided by the company.

Question 6

The main drawback to utilitarian reasoning is that:

Answer

		The majority may override the rights of those in the minority.
		Managers using this reasoning process often fail to consider the means taken to reach the end.
		It is difficulty to accurately measure both costs and benefits.
		Cost-benefit calculations can only be provided by accountants.

Question 7

In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

Answer

		12%
		33%
		55%
		70%

Question 8

People’s ethical beliefs come from:

Answer

		Legislative action and judicial decisions.
		Reading the company’s profit and loss statements.
		Their religious background, family, and education.
		The organization’s code of ethics.

Question 9

Under the Sarbanes-Oxley Act, corporations are required to:

Answer

		Have executives vouch for the accuracy of a firm’s financial reports.
		Have their audit committee comprised of only executives employed by the firm.
		Collect reimbursements from the U.S. government if financial restatements occur.
		Have the compensation committee comprised of consultants.

Question 10

A just or fair ethical decision occurs when:

Answer

		The rights of all affected are considered.
		The greatest good for those with power is achieved.
		Benefits and burdens are distributed equally.
		The rights of the rich are protected.

5 points

Question 11

Business executives are finding that a trusting, ethical relationship with a business partner is:

Answer

		Best left to not-for-profit companies.
		Too costly to maintain.
		Likely to cause legal problems.
		Often essential in conducting business.

Question 12

According to a 2009 opinion poll, Americans hold a dim view of:

Answer

Organized labor.

The Supreme Court.

Churches.

Wall Street executives.

Question 13

A conception of right and wrong is:

Answer

		Impossible to know.
		The definition of ethics.
		Determined by power.
		Based on stakeholder dialogue.

Question 14

A purchasing agent directing her company’s orders to a firm which she received a valuable gift, is an example of:

Answer

		Conflict of interest.
		Ethical relativism.
		Moral development.
		Egotism.

Question 15

Cross-cultural contradictions arise due to:

Answer

		The emergence of a developing country’s economic power.
		Religious differences practiced by business executives.
		Differences between home and host countries’ ethical standards.
		The emergence of a developed country’s economic power..

Question 16

When a bank employee makes trades using the firm’s money without its authorization, the practice is called:

Answer

		Rogue accounting.
		Rogue trading.
		Ponzi scheme.
		Imbalanced banking.

Question 17

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

Answer

		Operating under the compliance-based approach.
		Practicing “tone at the top.”
		Operating under the integrity-based approach.
		Operating under the instrumental policy approach.

Question 18

Which ethical criterion is described by the idea that a company should strive for efficiency?

Answer

		Egoism.
		Benevolence.
		Principle.
		Business-centered.

Question 19

Ethics policies typically cover all of the following issues except:

Answer

		Developing guidelines for accepting or refusing gifts from suppliers.
		Encouraging discriminatory personnel practices.
		Avoiding conflict of interest.
		Maintaining the security of proprietary information.

5 points

Question 20

Which of the following is not an example of an ethical criterion?

Answer

		Egoism.
		Concern for others.
		Principle.
		Corporate driven.

Question 21

The unspoken understanding among employees of what is and is not acceptable behavior is called:

Answer

		Ethical climate.
		Efficiency.
		Success.
		Rites and rituals.

Question 22

If a manager approaches ethical issues with a self-centered approach, emphasis will be on:

Answer

		Integrity.
		Social relationship.
		Economic efficiency.
		Laws.

Question 23

The critical component in installing an effective ethics program is:

Answer

To allow all employees the freedom to act as they wish.

In hiring an expensive ethics consultant.

The integration of various ethics safeguards into a comprehensive program.

Maintaining the position as the industry sales leader.

Question 24

Building ethical safeguards into a company’s everyday routines is called:

Answer

		Change management.
		Justifying ethics.
		Institutionalizing ethics.
		Ethical awareness.

Question 25

Which of the following is not an example of a white-collar crime?

Answer

		Embezzlement.
		Check fraud.
		Theft.
		Money laundering.

Question 26

Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:

Answer

Regulatory Percentage Track (RPT).

Ethics and Leadership Radar (ELR).

Quality Measurement (QM).

Ethical Quotient (EQ).

uestion 27

If a manger approaches ethics with benevolence in mind, he or she would stress what?

Answer

		Friendly relations with an employee.
		Company rules and procedures.
		Laws and professional codes.
		Economic efficiency.

Question 28

All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:

Answer

		The Public Interest.
		Objectivity and Independence.
		Due Process.
		Due Care.

Question 29

Typically, ethics training is offered to:

Answer

		Managers.
		To the rank-and-file.
		Both managers and the rank-and-file.
		The Board of Directors only.

5 points

Question 30

Recipients of the corporate ethics awards show that:

Answer

		Awards are based on economic power, not ethical performance.
		Firms can be financially successful and ethically focused.
		Being legally compliant results in receiving an ethics award.
		Improving ethical performance is very costly, but bolsters a firm’s reputation.

Rating:

4.9/5

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score 6 · Accepted Answer · 05/07/2014 09:09 PM

Solution: Strayer Bus475 quiz 3

Tutorial # 00014296 Posted By: neil2103 Posted on: 05/07/2014 09:09 PM

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Answer: Encouraging discriminatory personnel practices.Correct Answer: Encouraging discriminatory personnel ...

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Bus475 quiz 3 (Spring 2014)

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uestion 27

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Solution: Strayer Bus475 quiz 3

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