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Ethics Final Quiz
Ethics Final Quiz
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1
The fiduciary responsibility of a manager is ultimately based on his or her _____
charisma
work experience
educational backgroud
trustworthiness
2
The argument in FAVOR of merging the CEO and chairperson is one of what?
efficiency
effectiveness
stubbornness
ethics
3
The ________ is responsible for setting the compensation for the CEO and other senior executives
Audit Committee
Compensation Committee
The Board of Directors
Corporate Committee
4
Business ethics is not an oxymoron because
Ethics and busines doesn't go together
Profit is the only motive of businesses
business is like a game
Business is responsible to create positive value to all stakeholders
5
What is the Golden Rule?
Do unto others, as they do unto you.
Treat people the way they treat you.
Give and you shall get.
Take, take, and you shall get.
6
Corporate Social Responsibility refers to
Being corporate and stuff
Open and accountable business actions based on respect
Doing the right thing
Meeting present needs without compromising future
7
What are the four levels of social responsibility?
Financial, religious, ethical, and philanthropic
Ethical, philanthropic, selfish, and short-sighted
Economic, compliance, legal, and philanthropic
Economic, legal, ethical, and philanthropic
8
This type of business is owned by its shareholders.
corporation
limited liability corporation
partnership
sole proprietorship
9
First step in implementing a stakeholder perspective in an organization
Assessing organizational commitment
Identifying stakeholder groups
Assessing the corporate culture
Identifying stakeholder issues
10
Seeks the greatest good for the greatest number?
Utilitarianism
Hedonism
Act deontology
Rule deontology
11
The use of ethics in making
business
decisions
proprietorship
business plan
accounting
business ethics
12
You must buy a license to run this type of business.
Franchise
Corporation
Partnership
Limited Liability Corporation
13
Who has the fiduciary duty to protect the digital assets?
Customers
Vendors
Board of Directors
CEO
14
The _____ can be defined as a set of values, norms, and artifacts,
individual factors
ethical issue awareness
corporate culture
intentions of a corporation
15
Corporate social responsibility does not include:
Treating employees and customers with respect
Using scarce resources economically
Considers the need of local community
Making as much profit as possible only for shareholders
16
Describe ethics:
The directed standards of conduct of a group.
A set of moral principles or values…personal values.
Following the law.
Doing what is right.
17
Members on the board of directors are:
retired employees of the business.
elected by the stockholders.
hired by the organization as paid employees.
appointed by the CEO.
18
What is the relationship between ethics and law?
Not everything that is illegal is unethical
The two are not related
Not everything that is unethical is illegal
There is no differnece
19
Following the ethical directives of a superior relates to
moral intensity.
an internal locus of control.
gender.
obedience to authority.
20
Enlightened egoism
centers on the long-term well-being of others.
Centers on one's long-term self-interest.
Puts spiritual feelings above all others.
centers on one's short-term self-interest.
21
The ________ monitors the oversees compliance with the company's internal code of ethics
board of directors
audit committee
corporate governance committee
social contract
22
Corporate Citizenship or Corporate Conscience also means?
Social Approach Contract
Corporate Social Responsibility
Management with Conscience
23
___________ reflects the integrity of decisions made and is a function of many factors
Organizational environment
Ethical culture
Moral intensity
Ethical awareness
24
Conflicts of interest exist when employees must choose whether to
advance interests of the organization or those of society.
report an unethical coworker to outside authorities
carry out an assignment they perceive to be unethical.
advance own personal interests or those of another group
25
The first step in making a sound ethical business decision is:
Check your gut
Gather the facts
Identify the consequences
Define the issue
26
Internal Auditors must have an impartial, unbiased attitude and avoid any conflict of interest.
Due Professional Care
Individual objectivity
Independence
Reliability
27
Code Of Ethics
Voluntary standards of behavior established by a profession
Unvoluntary Standards
Involuntary Standards
Forced Standards
28
_____ is the ability to perceive whether a situation or decision has an ethical dimension.
Ethical awareness
Opportunity
Ethical issue intensity
Locus of control
29
The argument AGAINST merging the CEO and chairperson is one of what?
effectiveness
stubbornness
ethics
efficiency
30
The ________ is responsible for setting the compensation for the CEO and other senior executives
Audit Committee
Corporate Committee
Compensation Committee
The Board of Directors
31
The ________ monitors the oversees compliance with the company's internal code of ethics
social contract
audit committee
corporate governance committee
board of directors
32
Unethical business practices include...
all of the above
lying
offering substandard merchandise
treating customers/workers unfairly
33
The ________ monitors the oversees compliance with the company's internal code of ethics
corporate governance committee
social contract
audit committee
board of directors
34
Most
organizations with strong ethical climates focus on the core value of_____ interests first
suppliers'
customers'
employees'
stockholders'
35
Which of the following are
not
typically secondary stakeholders
Trade associations
Journalists
Customers
Special-interest groups
36
People who believe in _____ go with the flow b/c the events in their lives are uncontrollable.
internal locus of control
significant others
an ethical culture
external locus of control
37
Perceived relevance of an ethical issue to the individual, work group, or organization is
locus of control.
ethical issue intensity.
leadership.
organizational culture.
38
The ethical decision-making process begins
with a conflict between his or her values and the firms
stakeholders trigger ethical issue and openly discuss it.
with a conflict of interest.
with a conflict in values.
39
The instrumental approach to corporate social responsibility (CSR) states that:
A. The only obligation is for a company to promote socialism
D. The obligation of a corp is to protect the environment.
C. The obligation of a corp is to maximize profits.
B. A corp has an obligation to society not to profits.
40
What is Utilitarianism?
A theory we should base our decisions on for the majority
A theory we should base our outcome on yourself
A theory about Utilitarianism
A theory of people loving themselves
41
Moral perspective defines ethical behavior subjectively from experiences of individuals/ groups
The relativist perspective
Virtue ethics
Absolutism
Justice
42
What are Stakeholders
Owners of a company
Vampire slayers
People with interest in a business
People who buy shares in a business
43
Business ethics
do not vary from one person to another
is the application of moral standards to business situations
is most important for advertising agencies
is laws and regulation that govern business
44
What is whistleblowing?
Reporting wrong-doing that occurred in your workplace.
Ignoring wrongdoing that occurred in competitor's workplace
Reporting wrongdoing that occurred in competitor's workplace
Ignoring wrongdoing that occurred in your workplace
45
The ________ monitors the oversees compliance with the company's internal code of ethics
social contract
board of directors
corporate governance committee
audit committee
46
Why is utilitarianism impartial?
it holds that all beings hate you
it holds that all beings are less than you
it holds that all beings are more than you
it holds that all beings matter equally
47
Which is managed by board of directors and has officers manage day-to-day affairs?
General Partnership
Corporation
Sole Proprietorship
LLC
48
What does ethics mean?
Morally negative
Unethical
Moral principle
49
Auditing function is the certification of an organization’s ___ statements, or “books"
Financial
Investments
Biological
Liability
50
Define Intrinsic Value
Something we value for its sake and our desire for it
Something we value purely for its own sake
Something we have a lack of desire for
Helps us to get something that we want
