Deck 10: Ethical Marketing, Finance, Accounting, and Human Resource Management

Question 1

______ describes the inclination to question financial statements.

A) Professional skepticism
B) Professional cynicism
C) Professional pride
D) Professional discernment

Answer 1

A

Question 2

If an organization chooses to provide a minimum level of benefits for its employees and prefers to allocate resources fairly, this is an example of ______.

A) distributive justice
B) procedural justice
C) interactional justice
D) all of these

Answer 2

A

Question 3

Israel has a reputation for putting the needs of his clients above his need to make money. He demonstrates which AICAPA professional standard?

A) responsibilities
B) serve the public interest
C) integrity
D) due care

Answer 3

C

Question 4

Striving for excellence reflects which AICPA professional standard?

A) scope and nature of services
B) objectivity and independence
C) serve the public interest
D) due care

Question 5

Which statement is NOT one of the ethical dangers to human resource management?

A) exploiting employees by cutting their wages, reducing benefits or requiring more work hours without compensation
B) considering employees as mere commodities
C) defining employees in economic terms
D) mobilizing people to fulfill organizational goals

Question 6

The principle "don't be stupid" addresses ______.

A) the importance of truth telling in accounting and finance
B) the importance of finding fraud
C) the importance of conforming to accounting norms
D) the importance of avoiding self-centeredness

Question 7

An organization wants to treat its members with dignity and respect. This would be an example of ______.

A) distributive justice
B) procedural justice
C) interactional justice
D) all of these

Question 8

All of the following are components of a Kantian approach to human resource management EXCEPT ______.

A) treat outsiders with respect
B) provide a living wage
C) focus on shareholders
D) provide financial information on the company to employees

Question 9

According to the American Marketing Association, all of the following are important ethical values for professionals EXCEPT ______.

A) benevolence
B) honesty
C) transparency
D) citizenship

Question 10

Ethical issues related to advertising and product placement are related to which element of marketing?

A) product
B) price
C) place
D) promotion

Question 11

Helping employees who have been hurt by a human resource decision is part of which ethical standard?

A) advance the organization's objective
B) enhance the dignity of those harmed by the action
C) strive to do no damage
D) sustain the moral sensibility of those executing morally ambiguous tasks

Question 12

Which is NOT a function of Human Resources?

A) conducting job analyses
B) providing benefits and compensation systems
C) expecting extra hours of work without extra compensation
D) providing adequate training and development

Question 13

The Fraud Triangle is made up of all of the following EXCEPT ______.

A) motivation
B) justification
C) illumination
D) opportunity

Question 14

Giving members a voice in the policies, procedures, and rules is an example of which approach to human resource management?

A) a justice approach
B) a Kantian approach
C) distributive approach
D) ethical codes approach

Question 15

Objectivity and transparency are elements of which financial value?

A) don't be stupid
B) tell the truth
C) find fraud and expose liars
D) temper optimism

Question 16

Which moral hazard of human resource management treats employees like inanimate objects or impersonal goods?

A) regarding employees as mere commodities
B) exploitation
C) defining people in economic terms
D) carelessness when it comes to safety

Question 17

In the ______, managers offer invisible remedies to those harmed by organizational decisions and policies.

A) Gunsmoke Effect
B) Robin Hood Effect
C) Revenge Effect
D) Allocation Effect

Question 18

When an organization likes to involve its key stakeholders in the decision-making process, this is called ______.

A) distributive justice
B) procedural justice
C) interactional justice
D) all of these

Question 19

Which type of justice describes how organizations decide how to allocate resources?

A) interactional
B) distributive
C) procedural
D) integrative

Question 20

A company that doesn't pay employees for hours they work overtime is falling victim to which moral hazard?

A) defining people in economic terms
B) treating employees as commodities
C) exploitation
D) neglect

Question 21

What is the term used to communicate where stocks, bonds, and other financial instruments are traded?

A) personal finance
B) corporate finance
C) public finance
D) financial markets

Question 22

Learning to live with the outcomes of harmful decisions is part of which ethical standard?

A) enhance the dignity of those harmed by the action
B) advance the organization's objective
C) sustain the moral sensibility of those executing morally ambiguous tasks
D) serve the greater good

Question 23

According to the Society for Human Resource Management (SHRM), HR professionals should continually improve their skills and knowledge. This describes which guideline?

A) ethical leadership
B) professional responsibility
C) professional development
D) fairness and justice

Question 24

Who was the Nigerian business professor who has been the primary voice of the Mutuality Principle?

A) Juan Manuel Elegido
B) Thierry Nadisic
C) John Rawls
D) Michael Shaub

Question 25

Which principle encourages marketers to take "extraordinary care" when selling to vulnerable community members like children, the elderly, the poor, or individuals with mental health challenges?

A) principle of nondeception
B) principle of nonmalfeasance
C) principle of protecting vulnerable market segments
D) principle of distributive justice

Question 26

Which of the following is NOT included in the AMA's code of ethics?

A) do no harm
B) profitability
C) foster trust
D) embrace ethical values

Question 27

Financial professionals who are overconfident fall victim to which fallacy?

A) fallacy of unrealistic optimism
B) fallacy of omnipotence
C) fallacy of invulnerability
D) none of these

Question 28

AMA stands for ______.

A) American Marketers Association
B) American Marquee Association
C) Anonymous Marketers Association
D) American Marketing Association

Question 29

Bullying employees violates which form of organizational justice?

A) distributive
B) interactional
C) procedural
D) institutional

Question 30

The ABCs of Marketing urge professionals to draw upon ethical theories and values and apply them to specific problems. This is referred to as ______.

A) above the law
B) applied
C) breaking new ground
D) contributions

Question 31

The ABCs of Marketing urge professionals to save customers money, create more jobs, stimulate the economy, etc. This is referred to as ______.

A) above the law
B) applied
C) breaking new ground
D) contributions

Question 32

Which form of finance is concerned with government taxation, borrowing, and spending?

A) personal finance
B) corporate finance
C) public finance
D) financial markets

Question 33

Which principle urges marketers to serve the common good and seek social duties?

A) principle of stewardship
B) principle of nonmalfeasance
C) principle of protecting vulnerable market segments
D) principle of distributive justice

Question 34

The ABCs of Marketing urge professionals to use moral imagination to come up with solutions to problems with no easy answers. This is referred to as ______.

A) above the law
B) applied
C) breaking new ground
D) contributions

Question 35

Which form of finance is concerned with how individuals invest and spend their money?

A) personal finance
B) corporate finance
C) public finance
D) financial markets

Question 36

What type of justice is MOST important in the hiring process?

A) procedural
B) distributive
C) interactional
D) none of these

Question 37

Which principle promotes an obligation to fair practices for all market segments?

A) principle of stewardship
B) principle of nonmalfeasance
C) principle of protecting vulnerable market segments
D) principle of distributive justice

Question 38

Which principle is based on the notion that marketers should do no major harm to consumers?

A) principle of nondeception
B) principle of nonmalfeasance
C) principle of protecting vulnerable market segments
D) principle of distributive justice

Question 39

The Fraud Triangle consists of motivation, opportunity, and ______.

A) accomplices
B) foresight
C) justification
D) intelligence

Question 40

The ABCs of Marketing urge professionals to go beyond what is required by law. This is referred to as ______.

A) above the law
B) aspirational
C) beyond the bottom line
D) breaking new ground

Question 41

Which principle of accounting from the AICPA communicates that a member should be free of conflicts of interest when it comes to professional responsibilities?

A) principle 1: responsibilities
B) principle 2: serve the public interest
C) principle 3: integrity
D) principle 4: objectivity and independence

Question 42

While many employers usually choose to give reason for any employment termination, Pete was fired without any given reason. This is an example of ______.

A) employment at will
B) just cause doctrine
C) discrimination
D) marketable opportunity

Question 43

According to the mutuality principle, marketers are obligated to sell products for the lowest price possible.

Question 44

In the fallacy of ______, financial professionals mistakenly believe they are all powerful and can do pretty much as they please.

Question 45

Interactional justice is particularly important when selecting employees.

Question 46

Procedural justice describes how allocation decisions are made, whereas interactional justice describes how individuals perceive their treatment by authority figures.

Question 47

Which principle of accounting from the AICPA addresses the standard that professionals should serve the public, honor the public trust, and demonstrate professionalism?

A) principle 1: responsibilities
B) principle 2: serve the public interest
C) principle 3: integrity
D) principle 4: objectivity and independence

Question 48

Placement describes where a product or service gets located in the marketplace.

Question 49

In the United States, employers are generally allowed to fire individuals without providing specific reasons.

Question 50

Employees should be viewed as one of an organization's resources like raw materials and money.

Question 51

The AICPA leaves Code of Conduct as an optional element to professional practice so that accountants have more flexibility with their practice.

Question 52

Which principle of accounting from the AICPA states that all professional accountants are obligated to follow the AICPA principles in all activities?

A) principle 3: integrity
B) principle 4: objectivity and independence
C) principle 5: due care
D) principle 6: scope and nature of services

Question 53

Which principle of accounting from the AICPA communicates that a member should strive to continually improve competence and quality service?

A) principle 3: integrity
B) principle 4: objectivity and independence
C) principle 5: due care
D) principle 6: scope and nature of services

Question 54

The four aspects of marketing are product, price, ______, and ______.

Question 55

In the Robin Hood Effect, managers offer something extra to wronged employees.

Question 56

All managers carry out some human resource functions.

Question 57

The term which refers to when individuals perceive their treatment by authority figures is called ______.

A) procedural justice
B) interactional justice
C) organizational justice
D) true justice

Question 58

Which form of finance is concerned with a company's raising and spending of capital?

A) personal finance
B) corporate finance
C) public finance
D) financial markets

Question 59

The ______ doctrine forbids employers from firing individuals without justification

Question 60

It is always possible to avoid doing harm when making human resource decisions.

Question 61

What are the elements of a more holistic approach to preparing to be an accountant?

Question 62

Contrast the doctrine of employment at will with the just cause doctrine.

Question 63

______ justice describes how individuals perceive their treatment by authority figures.

Question 64

Name and explain the four requirements of the marketing mutuality principle.

Question 65

Name and explain the three moral hazards that frequently lead to unethical human resource management behaviors.

Question 66

What does it mean to demonstrate professional skepticism?

Question 67

Name and explain the four "Ps" of marketing.

Question 68

A Kantian perspective on human resources treats businesses and other organizations as ______ communities.

Question 69

Name and explain three of the ABCs of marketing.

Question 70

How does acting justly impact organizational behavior?