Deck 2: Defining Business Ethics

Question 1

You can approach business ethics from two distinct perspectives: what is happening or what should be happening.

Answer 1

True

Question 2

Business ethics involve the application of standards of moral behavior to business situations.

Answer 2

True

Question 3

Stakeholders include stockholders,employees,and the federal government.

Answer 3

True

Question 4

Unethical corporate behavior could negatively impact a community due to an economic decline.

Question 5

Shareholders are anyone with a share or interest in a business enterprise.

Question 6

A code of ethics is a company's written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day.

Question 7

The standard of corporate governance is the extent to which the officers of a corporation are fulfilling the duties and responsibilities of their offices to the relevant stakeholders.

Question 8

Business ethics should be applied as a set of moral standards or ethical concepts separate from general ethics.

Question 9

Stakeholders are anyone with a share or interest in a company.

Question 10

"Government efficiency" and "Central Intelligence Agency" can be considered an oxymoron.

Question 11

A negative impact from unethical corporate behavior for creditors could be the loss of employment.

Question 12

Government efficiency could be considered an oxymoron.

Question 13

The positive outcome of unethical behavior in the business world has been increased attention to the need for third-party guarantees of ethical conduct and active commitments from the rest of the business world.

Question 14

The Ethics Resource Center defines a code of ethics as a central guide to support day-to-day decision making at work.

Question 15

You can approach business ethics from two distinct perspectives: a descriptive summation of the customs,attitudes,and rules that are observed within a business or a normative evaluation of the degree to which the observed customs,attitudes,and rules can be said to be ethical.

Question 16

The standard of corporate governance appears to be at the highest level in business history.

Question 17

Unethical corporate behavior could negatively impact suppliers because of false and misleading financial information.

Question 18

An organization's unethical behavior can affect creditors by leading to a failure to repay debt according to an agreed schedule.

Question 19

A code of ethics is a company's unwritten standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day.

Question 20

An oxymoron is the combination of two contradictory terms,such as "deafening silence" or "jumbo shrimp."

Question 21

The code of ethics serves as a message to the organization's stakeholders and should represent a clear corporate commitment to the highest standards of ethical behavior.

Question 22

If you utilize the Golden Rule resolution principle,you would utilize the principle: do unto others as you would have them do unto you.

Question 23

In resolving a truth versus loyalty dilemma,you must decide whether the decision will have short-term or long-term consequences.

Question 24

The 2002 Sarbanes-Oxley Act introduced greater accountability for chief executive officers and boards of directors by requiring them to sign off on the financial performance records of the organizations they represent.

Question 25

A belief that the activity is safe because it will never be found out or publicized is one of the commonly held rationalizations that can lead to misconduct.

Question 26

In resolving a justice versus mercy dilemma,you must answer whether you perceive the issue as a question of dispensing justice or mercy.

Question 27

"Do what I d" is an ethical cliché.

Question 28

The issue of corporate social responsibility has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities.

Question 29

Because of the Sarbanes-Oxley Act,today,when employees are asked to do something that conflicts with their own personal values,seldom is the guidance from companies a series of clichés.

Question 30

Typically,a company's code of ethics is a public document.

Question 31

If you utilize the rules-based resolution principle,you would consider which decision would provide the greatest good for the greatest number of people.

Question 32

An ethical dilemma is a situation in which there is a "right" versus "right" answer.

Question 33

A code of ethics usually cannot be easily sidestepped or ignored.

Question 34

"Do what's legal" is an ethical cliché.

Question 35

Codes of ethics are still typically cosmetic public relations documents,and very few organizations are attempting to share them with all their stakeholders.

Question 36

Over the last four decades,corporate ethics has remained in the organizational mainstream.

Question 37

The code of ethics should represent a clear guide to managers and employees in making the decisions and choices they face every day.

Question 38

Written standards of ethical behavior designed to guide a company's managers and employees make daily decisions refer to a Corporate Social Responsibility Statement.

Question 39

Once you have reached a decision as to the type of conflict you are facing,the three resolution principles are: ends-based,rules-based,and the Golden Rule.

Question 40

Andrew Young's statement,"Nothing is illegal if a hundred businessmen decide to do it" is one of the commonly held rationalizations that can lead to misconduct.

Question 41

All of the following are stakeholders except _____.

A)customers
B)federal government
C)competitors
D)community

Question 42

The ______ introduced greater accountability for chief executive officers and boards of directors by requiring them to signing off on the financial performance records of the organizations they represent.

A)Global Sullivan Principals
B)Federal Corrupt Practices Act
C)2002 Sarbanes-Oxley Act
D)False Claims Act

Question 43

_______ was/were a major ethical dilemma in the 1980s.

A)Drug use escalation
B)A changing work ethic
C)Bribes and illegal contracting practices
D)International corruption

Question 44

Unethical corporate behavior could negatively impact the federal government due to _____.

A)false and misleading financial information used to make investment decisions
B)loss of employment
C)economic uptick
D)the loss of tax code

Question 45

A(n)_______ is the written standards of ethical behavior designed to guide a company's managers and employees as they make daily decisions.

A)code of ethics
B)code of morality
C)code of conduct
D)employee handbook

Question 46

Business ethics can be approached using the _______ and _______ perspectives.

A)classical,modern
B)descriptive,normative
C)philosophical,realist
D)actual,hypothetical

Question 47

A _______ perspective is a summation of the customs,attitudes,and rules that are observed within a business.

A)descriptive
B)normative
C)prescriptive
D)philosophical

Question 48

All of the following are oxymorons except:

A)government efficiency
B)authentic reproduction
C)Central Intelligence Agency
D)lifetime warranty

Question 49

Unethical corporate behavior could negatively impact employees due to_______.

A)loss of stock value
B)loss of employment
C)poor service quality
D)loss of principle and interest payments

Question 50

The issue of ______ has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities.

A)corporate ethics
B)corporate social responsibility
C)corporate donations
D)corporate community involvement

Question 51

During the 1960s,a major ethical dilemma was _______.

A)deceptive advertising
B)cyber crime
C)human rights issues
D)honesty

Question 52

A situation in which there is no obvious "right" or "wrong" decision,but rather a "right" or "right" answer,refers to which of the following:

A)ethical dilemma
B)moral manifestation
C)absolute ethics
D)unethical dilemma

Question 53

_______ is the system that directs and controls business corporations.

A)Local governance
B)State governance
C)Federal governance
D)Corporate governance

Question 54

_______ is someone with a share or interest in a business enterprise.

A)Shareholders
B)Board of directors
C)Stakeholders
D)Employees

Question 55

A(n)_______ is the combination of two contradictory terms.

A)oxymoron
B)synonym
C)antonym
D)metaphor

Question 56

_______ is the application of ethical standards to business behavior.

A)Corporate social responsibility
B)Philanthropy
C)Business ethics
D)Corporate culture

Question 57

Unethical corporate behavior could negatively impact customers due to _______.

A)poor service quality
B)loss of employment
C)loss of stock value
D)loss of principle and interest payments

Question 58

According to the text,which of the following is not an ethical cliché?

A)Do what's legal
B)Consult the company code of ethics
C)Do what I do
D)Do what you think is best

Question 59

The Golden Rule resolution principle considers what would happen if everyone made the same decision as you.

Question 60

_______ have matured from cosmetic public relations documents into performance-measurement documents which an increasing number of organizations are now committing to share with all their stakeholders.

A)Code of ethics
B)2002 Sarbanes-Oxley Act
C)Federal Corrupt Practices Act
D)Global Sullivan Principles

Question 61

Corporate ____________________ is the system that directs and controls business corporations.

Question 62

A ____________________ is someone with a share or interest in a business enterprise.

Question 63

Define ethical dilemma.Give an example of an ethical dilemma.Discuss the type of conflict you are dealing with.Discuss the resolution principle you would use to resolve the ethical dilemma.

Question 64

Do you agree that the standard for corporate governance appears to be at the lowest level in business history? Explain.

Question 65

Which of the following is not a resolution principle?

A)Rules-based
B)The Golden Rule
C)Rationalization-endured
D)Ends-based

Question 66

Describe and discuss dramatic changes that have taken place in the business environment over the last four decades.

Question 67

Discuss two of the four commonly held rationalizations,identified by Saul Gellerman,that can lead to misconduct.

Question 68

A ______________________________ is a situation in which there is no obvious "right" or "wrong" decision,but rather a "right" or "right" answer.

Question 69

What is the purpose of a code of ethics for an organization?

Question 70

In which type of conflict would you face the following question: Do you tell the truth or remain loyal to the person or organization asking you not to reveal the truth?

A)Short-term versus long-term
B)Justice versus mercy
C)Truth versus loyalty
D)Individual versus community

Question 71

________________________ is the application of ethical standards to business behavior.

Question 72

A _____________________ perspective is a summation of the customs,attitudes,and rules that are observed within a business.

Question 73

Name and discuss three stakeholders' interests in an organization.

Question 74

The _______________________________ introduced greater accountability for chief executive officers and boards of directors by requiring them to signing off on the financial performance records of the organizations they represent.

Question 75

An ____________________ is the combination of two contradictory terms.

Question 76

Define an oxymoron.Give an example of an oxymoron,and explain why it is an oxymoron.

Question 77

_______ was/were a business ethics development in the 1990s.

A)Class action lawsuits
B)The Federal Corrupt Practices Act
C)The establishment of the Defense Industry Initiative
D)The growth of anticorruption efforts

Question 78

Discuss one of the four commonly held rationalizations,identified by Saul Gellerman,that can lead to misconduct.

Question 79

A _______________________ is the written standards of ethical behavior designed to guide a company's managers and employees as they make daily decisions.

Question 80

The _______ resolution considers what would happen if everyone made the same decision as you.

A)rules-based
B)ends-based
C)Golden Rule
D)similarity-based