Deck 1: Introduction to Business Ethics

Question 1

Ethics refer to

A)The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group
B)the embodiment of what an organization stands for, and should be the basis for the behavior of its members
C)society's perception of what is right or wrong
D)All of the above
E)None of the Above

Answer 1

C

Question 2

This refers to the degree to which individuals have to be provided with some compensation to influence the individual.

A)Fraud
B)Asset misappropriation
C)Bribery
D)All of the above
E)None of the above

Answer 2

E

Question 3

This represents a strategic approach to managing ethics in an organization

A)Strategic Business Ethics Insight
B)Corporate social responsibility
C)Social responsibility
D)Code of conducts
E)All of the above

Answer 3

A

Question 4

Activities such as skimming (cash is stolen from the company before the cash is recorded), billing (submission of fictitious invoices to the company) are examples of

A)Occupational Fraud
B)Misappropriation of assets
C)Burglary
D)All of the above
E)None of the Above

Question 5

According to Boatright's (2002) stockholder theory

A)Shareholders do not have the right, but can control and earn residual earnings (or profits).
B)There are revenues associated with any owners whether they are employees, customers or shareholders.
C)One of the most pertinent costs related to the role of shareholders is the cost of decision making.
D)Companies need to go beyond satisfying the needs of shareholders only
E)All of the above

Question 6

Edward Freeman (2010) presents the stakeholder theory of the modern corporation basically arguing that

A)Shareholders do not have the right, but can control and earn residual earnings (or profits).
B)There are revenues associated with any owners whether they are employees, customers or shareholders.
C)One of the most pertinent costs related to the role of shareholders is the cost of decision making.
D)Companies need to go beyond satisfying the needs of shareholders only
E)None of the Above

Question 7

Job conditions that are considered normal in a manufacturing country but is in conflict with labor standards in the United States is an example of:

A)Cultural clash
B)Outsourcing conflict
C)Ethical dilemma
D)All of the above
E)some other answer

Question 8

Tyson has committed its brand to efforts to relieve and ultimately end childhood hunger, and in the past few years been integrating social media into its hunger relief efforts. This an example of

A)Social engineering
B)Corporate social responsibility
C)Social responsibility
D)Global awareness
E)All of the above

Question 9

Greenopolis was developed by Waste Management Recycle America to serve as an educational tool to teach people how to be more environmentally sound as they go about their daily lives. This is an example of:

A)Social engineering
B)Corporate social responsibility
C)Social responsibility
D)Global awareness
E)All of the above

Question 10

Honeybees are disappearing at an alarming rate and that's bad news for the global food chain. Haagen-Dazs decided to create a microsite to raise awareness about the issue. This is an example of :

A)Social engineering
B)Corporate social responsibility
C)Social responsibility
D)Corporate environmental awareness
E)None of the Above

Question 11

X Company is experiencing an increase in sales revenue of $150,000 resulting from consumer approval of its new ethical program. What type of positive benefit does this illustrate?

A)Firm financial performance
B)Perceived future financial performance.
C)Firm market value
D)Stock market value
E)None of the Above

Question 12

The followings are benefits of good ethics of a company for employees, EXCEPT:

A)Employees may stay longer, reducing the costs and disruption of recruitment and retraining.
B)Employees are better motivated and more productive.
C)A good reputation makes it easier to recruit employees
D)All of the above
E)None of the above

Question 13

Which of the following regarding fraud is not true?

A)Occupational fraud is costly for the average company
B)Occupation fraud tends to go undetected for long time
C)People committing occupational fraud were often first time offenders
D)Most cases were committed by members of top management
E)Larger companies are especially susceptible to fraud

Question 14

The view that shareholders have a right to control and earn profits represents which business ethics approach

A)Corporate social responsibility
B)Occupational fraud
C)Stakeholder theory
D)Stockholder theory
E)None of the Above

Question 15

What is the purpose of the Ethics and Compliance Initiative (ECI)?

A)Provide an indication of the degree of corruption in the public sector
B)Brings together business ethics practitioners as well as business ethics scholars to promote business ethics
C)Determine what is legally ethical and enforce it in law
D)All of the above
E)None of the above

Question 16

Which of the following regarding occupational fraud is NOT true?

A)Most cases were committed by members of the accounting department
B)Occupational fraud occurs in a wide range of industries
C)Most cases were discovered during the course of an audit
D)All of the Above
E)None of the Above

Question 17

Which of the following can benefit from good company ethics:

A)Employees
B)Customers
C)Suppliers
D)Investors
E)All of the above

Question 18

Benefits of responsible purchasing include all of the following EXCEPT:

A)Additional sales opportunities
B)Access to minority market knowledge
C)Reduce independence on tradional suppliers
D)Enhanced reputation for a company with larger pool of stakeholders
E)Fewer number of suppliers

Question 19

Benefits of acting ethically include:

A)Loyal customers
B)Stronger financial performance
C)Committed employees
D)All of the Above
E)None of the Above

Question 20

Which of the following is (are) potential results of unethical behavior?

A)Fines
B)Jail time
C)Lost revenue
D)All of the above
E)None of the above

Question 21

Which of the following are positive characteristics relating ot business ethics?

A)Adherence to global environmental standards
B)Environmental purchasing
C)Social programs
D)Corporate reputation for social performance
E)All of the above

Question 22

Which country is most likely to have more prevelent unethical behavior?

A)Mexico
B)Denmark
C)Finland
D)Sweden
E)All of the above

Question 23

Which country is least likely to have instances of unethical behavior

A)Canada
B)China
C)India
D)Russia
E)Mexico

Question 24

Which of the following is a situation that has no right or wrong answer?

A)Corporate social responsibility
B)Business ethics
C)Ethical dilemma
D)Stakeholder Theory
E)None of the above

Question 25

Fraud in the U.S. gained attention after the unethical acts by which of the following companies?

A)Enron
B)WorldCom
C)Arthur Andersen
D)None of the Above
E)All of the above

Question 26

A German company listed on the New Yrok Stock Exchange that commits fraud may liable under which set of laws

A)Germany laws
B)United States Laws
C)European Laws
D)All of the above
E)None of the above

Question 27

Which of the following are accurate about the Corruption Perception Index?

A)No country can get a perfect score
B)It is on a scale form 1-100, with 100 being the best obtainable score
C)Most contries fall below 50 points
D)None of the Above
E)All of the above

Question 28

What does ACFE stand for?

A)Association of Central Fraud Examiners
B)Association of Certified Fraud Examiners
C)Annual Certified Fraud Examination
D)Association of Certified Forgery Examiners
E)None of the above

Question 29

What is ethics? What is business ethics?

Question 30

Discuss the stockholder theory of business.

Question 31

Compare and contrast the stakeholder theory of the organization with the stockholder theory.

Question 32

Discuss five important benefits acruing to companies as a result of their ethics program.

Question 33

What is corporate social responsibility? Be specific.