Deck 2: Ethics and the Law

Question 1

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

Answer 1

False

Question 2

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

Answer 2

True

Question 3

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

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

Answer 3

A.

Question 4

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

Question 5

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.

Question 6

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

Question 7

Morals are the standards and principles that society has adopted as a guide for the behavior of the individual within society.

Question 8

Ethics concern behavior of individuals within a society.

Question 9

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 10

There is only one kind of value-individual value.

Question 11

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

Question 12

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

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

Question 13

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

Question 14

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 15

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

Question 16

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

A) the 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 17

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

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

Question 18

Ethical and moral beliefs and standards are derived from values.

Question 19

Values held by a subculture may differ from those of the larger culture.

Question 20

Ethical issues are not multifaceted.

Question 21

A code of ethics is also known as a(n):

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

Question 22

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 23

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 24

Sometimes, the driving force for reform may be the:

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

Question 25

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

A) suggestion
B) regulation
C) code of ethics
D) social action

Question 26

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 27

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 28

What is the importance of the Federal Sentencing Guidelines?

Question 29

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) promotion/marketing.

Question 30

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

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

Question 31

The beliefs of an individual as to what is right and wrong are called:

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

Question 32

How important is a code of ethics for companies today?

Question 33

Incentives for corporations to act more ethically are provided by the:

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

Question 34

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

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

Question 35

The actions of corporations that are intended to demonstrate the corporate 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 36

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 37

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

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

Question 38

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

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

Question 39

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

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

Question 40

The whistleblower may be confronted with an ethical:

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

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?