1. The term "ethics" may be defined as
a. the study and philosophy of human conduct, with an emphasis on determining right and wrong.
b. the study of the general nature of morals and of specific moral choices, moral philosophy, and the rules or standards governing the conduct of the members of a profession.
c. inquiry into the nature and grounds of morality where the term 'morality' is taken to mean moral judgments, standards and rules of conduct.
d. all of the above
e. none of the above
2. The 1960's saw a rise in social issues in business, such as the decay of inner cities and the growth of ecological problems, and brought about the
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
3. Which of the following codified into law incentives to reward organizations for taking action to prevent misconduct, such as developing effective internal legal and ethical compliance programs?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
4. Which of the following made securities fraud a criminal offense and stiffened penalties for corporate fraud?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
5. Which of the following is NOT one of the four basic consumer rights outlined in the Consumer Bill of Rights?
a. the right to due process
b. the right to be informed
c. the right to safety
d. the right to choose
e. the right to be heard
6. Which of the following created an accounting oversight board that requires corporations to establish codes of ethics for financial reporting and to develop greater transparency in financial reports to investors and other interested parties?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
7. All of the following are considered internal stakeholders, EXCEPT
a. employees.
b. boards of directors.
c. special interest groups.
d. top level management.
e. Supervisors.
8. The formal system of accountability and control of ethical and socially responsible behavior is called
a. ethical culture.
b. corporate governance.
c. corporate responsibility.
d. social responsibility.
e. corporate intelligence.
9. The character or decision making process that employees use to determine whether their responses to ethical issues are right or wrong can be viewed as
a. ethical culture.
b. corporate governance.
c. corporate responsibility.
d. social responsibility.
e. corporate intelligence.
10. All of the following may be considered primary stakeholders of a corporation, EXCEPT
a. customers.
b. investors.
c. trade associations.
d. shareholders.
e. governments that provide necessary infrastructure.
11. To gauge a given firm's stakeholder orientation, it is necessary to evaluate the extent to which the firm adopts behaviors that typify the
a. generation of stakeholder intelligence.
b. dissemination of stakeholder intelligence.
c. responsiveness to stakeholder intelligence.
d. all of the above
e. none of the above
12. Which of the following is NOT considered a level of social responsibility?
a. stewardship (administrating the corporation's financial affairs)
b. legal (abiding by all laws and governmental regulations)
c. ethical (following standards of acceptable behavior)
d. philanthropic (giving back to society)
e. economic (maximizing stakeholder wealth)
20. When a company intentionally does not inform the customer of any known problems, safety warnings, or negative issues relating to a product, it is guilty of
a. commission lying.
b. fibbing.
c. puffing.
d. omission lying.
e. creating "noise."
21. The tricking of individuals into revealing their passwords or other valuable corporate information is called
a. social engineering.
b. dumpster diving.
c. system hacking.
d. remote hacking.
e. whacking.
24. Changing a customer's phone service without authorization by a rival phone company is called
a. an implied falsity.
b. a bald assertion.
c. slamming.
d. puffing.
e. consumer fraud.
25. When a person stages an accident in a grocery store and then seeks damages from the store for its lack of attention to safety, he or she is guilty of
a. collusion.
b. guile.
c. duplicity.
d. implied falsity.
e. slamming.
26. All of the following statements are true, EXCEPT
a. An insider is any officer, director or owner of 10 percent or more of a class of a company's securities.
b. Anyone who has access to nonpublic material, including brokers, family members, friends, and employees, can be found liable for insider trading.
c. Someone caught "tipping" an outsider with material nonpublic information can also be found liable for insider trading.
d. Insiders may buy or sell stock in their own company if they report the transaction within two business days.
e. Insider trading is always illegal.
27. Documented best practices, often encouraged by legal and regulatory forces as well as industry trade associations best describes the concept of
a. voluntary boundaries.
b. core practices.
c. mandated boundaries.
d. moral ethics.
e. none of the above
28. All of the following statements are true, EXCEPT
a. Laws and regulations are society's codification of what is right and wrong.
b. Laws derived from precedents established by judges are called common law.
c. Civil law defines the rights and duties of individuals and organizations.
d. Civil law is enforced by the state or nation.
e. Laws derived from federal and state administrative agencies are called administrative law.
29. The Children's Online Privacy Protection Act (COPPA) requires commercial Internet sites to obtain parental consent before soliciting information from children under the age of 13, and is an example of a(an)
a. law regulating competition.
b. safety and equity law.
c. consumer protection law.
d. incentive to encourage organizational compliance programs to deter misconduct.
e. law protecting the environment.
41. According to Kohlberg's Model of Cognitive Development, a person that determines what is right by considering his or her duty to society is in what stage of development?
a. the stage of prior rights, social contract, or utility
d. the stage of mutual interpersonal expectations, relationships, and conformity
e. the stage of universal ethical principles
42. When a person attempts to influence another to take an action that will lead them both to achieve a mutual objective, then the person doing the influencing is said to be using
a. expert power.
b. reward power.
c. legitimate power.
d. referent power.
e. coercive power.
43. A formal group composed of employees with functional expertise from several different areas of a company and created for the purpose of developing a new product would best describe a
a. committee.
b. grapevine.
c. team.
d. work group.
e. special interest group.
44. A strong ethics program includes
a. a written code of conduct.
b. an ethics officer to oversee the program.
c. formal ethics training.
d. rigorous auditing, monitoring, enforcement and revision of program standards.
45. The process of assessing and reporting a business's performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected by stakeholders best describes a(an)
a. social audit.
b. ethics audit.
c. financial audit.
d. moral audit.
e. stakeholder audit.
48. ____________ are public companies that operate on a global scale without significant ties to any one nation or region.
a. multinational corporations
b. global corporations
c. international corporations
d. globally-based corporations
e. none of the above
49. The ____________ prohibits U.S. companies from offering or providing payments to officials of foreign governments for the purpose of obtaining or retaining business abroad.
a. Omnibus Trade and Competitiveness Act
b. Foreign Corrupt Practices Act
c. General Agreement on Tariffs and Trade (GATT)
d. World Trade Organization (WTO)
e. Robinson –Puttnam Act
50. Using or transferring illegally received funds in a financial transaction in order to conceal their source of ownership or to facilitate an illegal activity is known as
a. gouging.
b. money laundering.
c. dumping.
d. facilitating payments.
e. passive bribery.
a. the study and philosophy of human conduct, with an emphasis on determining right and wrong.
b. the study of the general nature of morals and of specific moral choices, moral philosophy, and the rules or standards governing the conduct of the members of a profession.
c. inquiry into the nature and grounds of morality where the term 'morality' is taken to mean moral judgments, standards and rules of conduct.
d. all of the above
e. none of the above
2. The 1960's saw a rise in social issues in business, such as the decay of inner cities and the growth of ecological problems, and brought about the
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
3. Which of the following codified into law incentives to reward organizations for taking action to prevent misconduct, such as developing effective internal legal and ethical compliance programs?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
4. Which of the following made securities fraud a criminal offense and stiffened penalties for corporate fraud?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
5. Which of the following is NOT one of the four basic consumer rights outlined in the Consumer Bill of Rights?
a. the right to due process
b. the right to be informed
c. the right to safety
d. the right to choose
e. the right to be heard
6. Which of the following created an accounting oversight board that requires corporations to establish codes of ethics for financial reporting and to develop greater transparency in financial reports to investors and other interested parties?
a. Defense Industry Initiative on Business Ethics and Conduct (DII).
b. Foreign Corrupt Practices Act.
c. Consumer Bill of Rights.
d. Sarbanes-Oxley Act.
e. Federal Sentencing Guidelines for Organizations (FSGO).
7. All of the following are considered internal stakeholders, EXCEPT
a. employees.
b. boards of directors.
c. special interest groups.
d. top level management.
e. Supervisors.
8. The formal system of accountability and control of ethical and socially responsible behavior is called
a. ethical culture.
b. corporate governance.
c. corporate responsibility.
d. social responsibility.
e. corporate intelligence.
9. The character or decision making process that employees use to determine whether their responses to ethical issues are right or wrong can be viewed as
a. ethical culture.
b. corporate governance.
c. corporate responsibility.
d. social responsibility.
e. corporate intelligence.
10. All of the following may be considered primary stakeholders of a corporation, EXCEPT
a. customers.
b. investors.
c. trade associations.
d. shareholders.
e. governments that provide necessary infrastructure.
11. To gauge a given firm's stakeholder orientation, it is necessary to evaluate the extent to which the firm adopts behaviors that typify the
a. generation of stakeholder intelligence.
b. dissemination of stakeholder intelligence.
c. responsiveness to stakeholder intelligence.
d. all of the above
e. none of the above
12. Which of the following is NOT considered a level of social responsibility?
a. stewardship (administrating the corporation's financial affairs)
b. legal (abiding by all laws and governmental regulations)
c. ethical (following standards of acceptable behavior)
d. philanthropic (giving back to society)
e. economic (maximizing stakeholder wealth)
20. When a company intentionally does not inform the customer of any known problems, safety warnings, or negative issues relating to a product, it is guilty of
a. commission lying.
b. fibbing.
c. puffing.
d. omission lying.
e. creating "noise."
21. The tricking of individuals into revealing their passwords or other valuable corporate information is called
a. social engineering.
b. dumpster diving.
c. system hacking.
d. remote hacking.
e. whacking.
24. Changing a customer's phone service without authorization by a rival phone company is called
a. an implied falsity.
b. a bald assertion.
c. slamming.
d. puffing.
e. consumer fraud.
25. When a person stages an accident in a grocery store and then seeks damages from the store for its lack of attention to safety, he or she is guilty of
a. collusion.
b. guile.
c. duplicity.
d. implied falsity.
e. slamming.
26. All of the following statements are true, EXCEPT
a. An insider is any officer, director or owner of 10 percent or more of a class of a company's securities.
b. Anyone who has access to nonpublic material, including brokers, family members, friends, and employees, can be found liable for insider trading.
c. Someone caught "tipping" an outsider with material nonpublic information can also be found liable for insider trading.
d. Insiders may buy or sell stock in their own company if they report the transaction within two business days.
e. Insider trading is always illegal.
27. Documented best practices, often encouraged by legal and regulatory forces as well as industry trade associations best describes the concept of
a. voluntary boundaries.
b. core practices.
c. mandated boundaries.
d. moral ethics.
e. none of the above
28. All of the following statements are true, EXCEPT
a. Laws and regulations are society's codification of what is right and wrong.
b. Laws derived from precedents established by judges are called common law.
c. Civil law defines the rights and duties of individuals and organizations.
d. Civil law is enforced by the state or nation.
e. Laws derived from federal and state administrative agencies are called administrative law.
29. The Children's Online Privacy Protection Act (COPPA) requires commercial Internet sites to obtain parental consent before soliciting information from children under the age of 13, and is an example of a(an)
a. law regulating competition.
b. safety and equity law.
c. consumer protection law.
d. incentive to encourage organizational compliance programs to deter misconduct.
e. law protecting the environment.
41. According to Kohlberg's Model of Cognitive Development, a person that determines what is right by considering his or her duty to society is in what stage of development?
a. the stage of prior rights, social contract, or utility
d. the stage of mutual interpersonal expectations, relationships, and conformity
e. the stage of universal ethical principles
42. When a person attempts to influence another to take an action that will lead them both to achieve a mutual objective, then the person doing the influencing is said to be using
a. expert power.
b. reward power.
c. legitimate power.
d. referent power.
e. coercive power.
43. A formal group composed of employees with functional expertise from several different areas of a company and created for the purpose of developing a new product would best describe a
a. committee.
b. grapevine.
c. team.
d. work group.
e. special interest group.
44. A strong ethics program includes
a. a written code of conduct.
b. an ethics officer to oversee the program.
c. formal ethics training.
d. rigorous auditing, monitoring, enforcement and revision of program standards.
45. The process of assessing and reporting a business's performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected by stakeholders best describes a(an)
a. social audit.
b. ethics audit.
c. financial audit.
d. moral audit.
e. stakeholder audit.
48. ____________ are public companies that operate on a global scale without significant ties to any one nation or region.
a. multinational corporations
b. global corporations
c. international corporations
d. globally-based corporations
e. none of the above
49. The ____________ prohibits U.S. companies from offering or providing payments to officials of foreign governments for the purpose of obtaining or retaining business abroad.
a. Omnibus Trade and Competitiveness Act
b. Foreign Corrupt Practices Act
c. General Agreement on Tariffs and Trade (GATT)
d. World Trade Organization (WTO)
e. Robinson –Puttnam Act
50. Using or transferring illegally received funds in a financial transaction in order to conceal their source of ownership or to facilitate an illegal activity is known as
a. gouging.
b. money laundering.
c. dumping.
d. facilitating payments.
e. passive bribery.
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