Deck 2: Ethics and the Law

Question 1

Ethical issues are seldom multifaceted.

Answer 1

False

Question 2

Ethics concern behavior that is judged by society.

Answer 2

False

Question 3

It is not possible for a code to make clear what a company expects of its personnel in terms of the ethical dimensions of corporate policies and actions.

Answer 3

False

Question 4

A whistleblower is one who calls attention to unpleasant conditions at the workplace.

Question 5

An individual's values are significantly influenced by those held in the groups to which he or she belongs.

Question 6

The Sarbanes-Oxley statute established a board to oversee accounting practices in (the):

A) United States.
B) Netherlands.
C) United Kingdom.
D) Australia.

Question 7

Today's business professionals involved in global markets are sometimes faced with ethical predicaments,because of different:

A) modes of transport.
B) languages.
C) standards of ethics.
D) values of money.

Question 8

Ethical issues involving Internet and computer technology also have prompted people to consider ethical issues such as:

A) privacy.
B) governance.
C) discrimination.
D) apartheid.

Question 9

Values can vary from one individual to another.

Question 10

The fact that the Enron and Arthur Andersen case dominated the media and ?resulted in numerous congressional investigations showed the widespread concern with:

A) ethical behavior in business.
B) the enforcement of law.
C) the power of the government.
D) the role of educational institutions in the field of ethics.

Question 11

Educational institutions have responded to the increased need to examine ethics by adding courses,workshops and programs,and have expanded the study of ethics in existing courses.

Question 12

Businesses concerned with ethics usually focus on their corporate responsibility and the development of codes of conduct.

Question 13

Technological developments have created new ethical problems.

Question 14

Beliefs and standards that are considered to be worthwhile are known as:

A) values.
B) morals.
C) ethics.
D) discretions.

Question 15

Trade associations are against developing guidelines for ethical business practices for their diverse memberships.

Question 16

Credo is a term that is used to describe unethical behavior.

Question 17

There is only one kind of value-individual value.

Question 18

The development of technology has introduced a burgeoning array of ethical questions.

Question 19

A corporate code of ethics is a set of guidelines limited to corporate management.

Question 20

Ethics takes a more philosophical approach in determining what is good or bad.

Question 21

Some firms or industries have established a code of ethics,sometimes called a "credo." The objective of a code of ethics is to:

A) specify the principles of ethical behavior expected of its employees.
B) set down the principles to be followed in dealing with government agencies.
C) establish guidelines in dealing with suppliers.
D) establish rules for management to follow in dealing with employee grievances.

Question 22

All of the following are examples of self-regulatory standards of conduct created by trade associations,EXCEPT:

A) telephone marketing.
B) billboard marketing.
C) marketing to children.
D) sweepstakes.

Question 23

The usual motivation behind whistleblowing is the outrage to a person's sense of:

A) knowledge.
B) self-esteem.
C) ethics.
D) confidence.

Question 24

A larger culture has a certain genre of values that are different from the values held by employees of a corporation or department within a company,or what may be known as a:

A) macro-culture.
B) subculture.
C) para-culture.
D) cross-culture.

Question 25

The federal government and many states have statutes that protect whistleblowers from:

A) retaliation.
B) rebuke.
C) appraisal.
D) indictments.

Question 26

A distinction between law and ethics is that legal mandates are usually more:

A) flexible.
B) precise.
C) obscure.
D) flawed.

Question 27

Ethical beliefs are the foundation of many of our:

A) reports.
B) laws.
C) books.
D) religious practices.

Question 28

American firms are prohibited from bribing foreign officials under the:

A) Federal Indictments Act.
B) Civil Rights Act.
C) Federal Sentencing Guidelines.
D) Foreign Corrupt Practices Act.

Question 29

Sometimes,the driving force for reform may be the:

A) ethic guru.
B) quality assuror.
C) whistleblower.
D) protagonist.

Question 30

A person who reveals to a governmental authority,or to news media,confidential information regarding some wrong doing or conduct that he or she regards as unethical is called a(n):

A) whistleblower.
B) ethic guru.
C) quality assuror.
D) protagonist.

Question 31

All of the following are the influencing factors on both group values and individual values,EXCEPT:

A) religion.
B) wealth.
C) traditions.
D) customs.

Question 32

Incentives for corporations to act more ethically are provided by:

A) Federal Sentencing Guidelines.
B) Foreign Corrupt Practices Act.
C) Civil Rights Act.
D) Federal Indictments Act.

Question 33

Which of the following activities are not under the direct purview of governmental bodies?

A) Legislation concerning fair labor practices.
B) Consumer protection.
C) Protection of the environment.
D) Supervision of small businesses.

Question 34

The actions of corporations that are intended to demonstrate their wish to behave responsively take many forms and are conducted under the banner of:

A) corporate liability.
B) national mandate.
C) patriotic duties.
D) corporate responsibility.

Question 35

The threat of legal prosecution and penalties:

A) does not eliminate all unethical practices.
B) helps to eliminate all unethical practices.
C) has caused an increase in unethical practices.
D) does not make any impact on unethical practices.

Question 36

Ethical theories and moral standards are derived from:

A) law.
B) religion.
C) values.
D) codes.

Question 37

Code of ethics is also known as:

A) kudo.
B) credo.
C) an epilogue.
D) quantum.

Question 38

A ______ makes clear that the company expects its personnel to recognize the ethical dimensions of corporate policies and actions.

A) rule
B) regulation
C) code
D) social action

Question 39

The whistleblower may be confronted with an ethical:

A) practice.
B) observation.
C) quantum.
D) dilemma.

Question 40

Governments may impose on individuals a set of duties known as:

A) legal mandates.
B) ethical considerations.
C) legal imperatives.
D) national imperatives.

Question 41

What are some non-legal penalties experienced by firms that engage in unethical practices?

Question 42

What are the basic functions of the U.S.Office of Government Ethics?

Question 43

How important is a code of ethics for companies today?

Question 44

Briefly explain the Federal Sentencing Guidelines.