Business Ethics Now Chapters Two and Three Review

Question 1

The type of conflict that examines whether Sara should tell her friend of the company&#x27;s plans to lay her off is _______.

Accepted Answer

Truth vs. Loyalty

Question 2

_______________________ is the application of standards of moral behavior to business situations.

Accepted Answer

Business Ethics

Question 3

Federal Gov., customers, employees, shareholders, suppliers, creditors, & community are stakeholders in all businesses.

Accepted Answer

False

Question 4

Which description matches the community&#x27;s primary interest in an organization?

Accepted Answer

Employment of local residents

Question 5

The ______ dept. commits to the consumer to make provisions to products to ensure high quality, safety, & reliability.

Accepted Answer

Research and Development

Question 6

Support Activities & Costs include Supply Chain Mgmt., Operations, Distribution, Sales & Marketing, Service, & PM.

Accepted Answer

False

Question 7

Extent to which the officers of a corporation fulfill the duties & responsibilities of their offices to the stakeholders

Accepted Answer

Corporate Governance

Question 8

an organization that offers clear guidance and training in making explicit commitments to ethical busines practices

Accepted Answer

The Ethics Resource Center

Question 9

Integration of business ethics as part of company culture increases employee voice, accountability, & safe environments.

Accepted Answer

True

Question 10

What was the impact of Mortenson&#x27;s and CAI&#x27;s unethical behavior?

Accepted Answer

All of the above

Question 11

When an auditing firm represents a client but also owes an objective assessment about that client to another party

Accepted Answer

All of the above

Question 12

defined as the values, beliefs, and norms shared by all the employees of an organization

Accepted Answer

Organizational Ethics

Question 13

Marketers who argue the good outcome justifies misleading messages or selling unnecessary products align with _________.

Accepted Answer

Utilitarianism

Question 14

The auditing function keeps track of all the company's financial transactions - credits, debits, & balances.

Accepted Answer

False

Question 15

Marketing includes _________, _________, & _________ is responsible for ensuring products reach satisfied customers.

Accepted Answer

advertising, public relations, & sales

Question 16

The organizational culture only represents the policies and procedures established for the organization as a whole.

Accepted Answer

False

Question 17

The ____________ are the generally accepted accounting principles that govern the accounting profession.

Accepted Answer

GAAP

Question 18

The ____ approach for solving an ethical dilemma considers what would happen if everyone made the same decision as you.

Accepted Answer

rules-based

Question 19

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

Accepted Answer

False

Question 20

Key functional inputs an organization provides in the transformation of raw materials into a delivered product/service

Accepted Answer

Value Chain

Question 21

a company&#x27;s written standards of ethical behavior that guide managers and employees to make sound decisions

Accepted Answer

Code of Ethics

Question 22

Which description matches a customer&#x27;s primary interest in an organization?

Accepted Answer

"Fair exchange" - product/ service of acceptable value/ quality for money

Question 23

__________ professionals must stay informed about changing legislation and sentencing guidelines for unethical conduct.

Accepted Answer

Human Resources

Question 24

All of the following are considered key functions in any organization except ________.

Accepted Answer

Human Resource Management

Question 25

Normative evaluation is the summation of customs, attitudes, and rules that are observed within a business.

Accepted Answer

False

Question 26

The finance function can be divided into three distinct areas: financial transactions, accounting, and auditing.

Accepted Answer

True

Question 27

The principles for resolving an ethical dilemma guarantees the best decision.

Accepted Answer

False

Question 28

An employee who witnesses coworker misconduct daily & does not report it may justify his silence with the belief that _.

Accepted Answer

the activity is within resonable ethical & legal limits-not really immoral.

Question 29

Introduced greater accountability for CEOs & boards of directors in signing off on financial performance records

Accepted Answer

Sarbanes-Oxley Act

Question 30

A code of ethics clarifies an organization&#x27;s cornerstones to its employees, managers, and stakeholders.

Accepted Answer

True

Question 31

Corporate Ethics has moved from the domain of organizational mainstream to legal departments.

Accepted Answer

False

Question 32

All of the following include support activities and costs except ______________.

Accepted Answer

Service

Business Ethics Now Chapters Two and Three Review

Questions 32

Business Ethics Now Chapters Two and Three Review

Questions 32