Which provision of the Sarbanes-Oxley Act prohibits various forms of professional
services that are determined to be consulting rather than auditing?
a. Section 201
b. Section 301
c. Section 307
d. Section 404
Which of the following best describes a business stakeholder?
a. Only the minority shareholders in a business entity
b. Only those who have acquired significant shares in a firm
c. Anyone who audits a firm
d. Anyone who affects or is affected by decisions made within a firm
Which of the following observations is true?
a. Obedience to the law is sufficient to fulfill one’s ethical duties.
b. The law is very effective at promoting ‘goods.’
c. The law cannot anticipate every new dilemma that businesses might face.
d. An individual’s ethical responsibility can never run counter to the law.
Which of the following statements is true about the Federal Sentencing Guidelines for
Organizations?
a. They provide uniformity and fairness to the judiciary system.
b. They are used to provide arbitrary punishments.
c. They are applicable only to organizations and not to individuals.
d. They assign most federal crimes to one of 5 ‘offense levels.’.
Which of the following principles does utilitarianism emphasize?
a. Producing the greatest good for the greatest number
b. Acting only out of self-interest
c. Ensuring that a fair decision is an impartial decision
d. Obeying the law and keeping promises
The practice of attending to the ‘image’ of a firm is referred to as:
a. reputation management.
b. branding.
c. crisis management.
d. gentrification.
Which of the following involves the disclosure of unethical or illegal activities to
someone who is in a position to take action to prevent or punish the wrongdoing?
a. Whistleblowing
b. Redlining
c. Gentrification
d. Flyposting
Which of the following statements is true about ethical decision making in business?
a. Ethical decision making is limited to the type of major corporate decisions with
social consequences.
b. At some point, every worker will be faced with an issue that will require ethical
decision making.
c. All ethical decisions can be covered by economic, legal, or company rules and
regulations.
d. Ethical decision making should not rely on the personal values and principles of the
individuals involved.
Which of the following are additional ethical responsibilities board members should
have beyond legal obligations?
a. They should maintain closed conversations within the firm.
b. They should refrain from providing oversight.
c. They should be critical in their inquiries about corporate vulnerabilities.
d. They should pay out a significant amount of the company’s sustainable growth
dollars to its chief executives in compensation.
Which of the following models of corporate social responsibility considers business a
citizen of the society that it operates in?
a. Philanthropic model
b. Economic model
c. Altruistic model
d. Social web model
Which of the following is true about strict product liability?
a. The United States has adopted clear strict liability standards.
b. It holds that the government must pay consumers where neither the producer nor the
consumer is at fault.
c. It insures that society creates a strong incentive for business to produce safer goods
and services by holding business strictly liable for any harm their products cause.
d. It is the same as negligence, and it suggests that holding business liable for harms
caused due to negligence provides an incentive to better protect products in the future.
Which of the following statements is true about stealth marketing?
a. It occurs when consumers are aware that they are subject to a marketing campaign.
b. It refers to situations where consumers are subject to directed commercial activity
without their knowledge.
c. It occurs when consumers pay little or no attention to billboards while speeding past
a highway.
d. It is not an intentional effort to hide the true marketing element of the interaction.
Which of the following traditions would support child labor if it produces better overall
consequences than the available alternatives?
a. Virtue ethics
b. Deontological ethics
c. Utilitarianism
d. Classicism
Virtue ethics emphasizes the more _____ side of our character.
a. affective
b. cognitive
c. conative
d. intuitive
The concept of moral rights is central to the:
a. virtue-based ethical tradition.
b. consequence-based ethical tradition.
c. behavior-based ethical tradition.
d. principle-based ethical tradition.
The concept of sustainable development can be traced to a 1987 report from the United
Nations’ World Commission on Environment and Development (WCED), more
commonly known as the _____ Commission.
The use of _____ analysis in setting workplace health and safety standards commits us
to treating worker health and safety as just another commodity, another individual
preference, to be traded off against competing commodities.
Describe Herman Daly’s concepts of sustainable development and the ‘circular flow
model.’
How is the concept of moral right central to the principle-based ethical tradition?
Philosopher Norman Bowie identifies his approach as a _____theory of business ethics.
Explain the importance of determining the facts when making a responsible ethical
decision.