Which of the following statements about the Genetic Information Non-Discrimination
Act of 2009 (GINA) is true?
a. Under GINA, an employer can collect genetic information in order to monitor the
biological effects of toxic substances in the workplace.
b. Under GINA, an employer is subject to the same conditions as under the Health
Insurance Portability and Accountability Act (HIPAA).
c. Under GINA, an employer cannot collect genetic information in order to comply with
the Family Medical Leave Act.
d. Under GINA, an employer cannot release genetic information about an employee to a
public health agency.
Which of the following statements is true about the philanthropic model of corporate
social responsibility?
a. This model holds that business has no strict obligation to contribute to social causes,
but it can be a good thing when they do so.
b. This model views business as a citizen of the society in which it operates and, like all
members of a society, business must conform to the normal ethical duties and
obligations.
c. This model begins with the recognition that every business decision affects a wide
variety of people, benefiting some and imposing costs on others.
d. This model holds that a firm’s financial goals must be balanced against, and perhaps
even overridden by, environmental considerations.
In some regions, employees lack even the most basic health and safety protections in
their workplaces. Such work environments are termed as _____.
a. op shops
b. holes-in-the-walls
c. haberdasheries
d. sweatshops
Which of the following acts stipulates that employers cannot use ‘protected health
information’ in making employment decisions without prior consent?
a. The Personal Information Protection and Electronic Documents Act
b. The Federal Information Security Management Act
c. The Personal Information and Health Documents Act
d. The Health Insurance Portability and Accountability Act
Explain how privacy can be legally protected. Summarize the Electronic
Communications Privacy Act of 1986 (ECPA). Discuss the ‘intrusion into seclusion’
concept.
Section 307 of the Sarbanes-Oxley Act addresses the:
a. rules of professional responsibility for attorneys.
b. codes of ethics for senior financial officers.
c. management assessment of internal controls.
d. services outside the scope of auditors.
Which of the following can be thought of as the answer to the fundamental questions of
theoretical reason?
a. The scientific method
b. The practical approach
c. The contingency approach
d. The normative model
Which of the following is a traditional approach to corporate culture?
a. Values-based
b. Integrity-based
c. Customer-based
d. Compliance-based
Which of the following helps identify potential events that may affect the entity, and
manage risk to be within its risk appetite, to provide reasonable assurance regarding the
achievement of entity objectives?
a. Risk aversion
b. Risk benchmarking
c. Risk assessment
d. Risk minimization
Which of the following elements of COSO refers to policies and procedures that
support the cultural issues such as integrity, ethical values, competence, philosophy, and
operating style?
a. Ongoing monitoring
b. Information and communications
c. Control activities
d. Risk assessment
Which of the following cognitive barriers, when used, might appear to relieve us of
accountability for the decision, even if it may not be the best possible decision?
a. Moral imagination
b. Considering unlimited alternatives
c. Satisfying the maximum decision criteria
d. Using a simple decision rule
Identify the COSO element that is directed at supporting the control environment
through fair and truthful transmission of facts.
a. Risk assessment
b. Information and communications
c. Control activities
d. Ongoing monitoring
Which of the following is true of a service-based economy?
a. A service-based economy tends to the consumers’ demand for clothes cleaning, floor
covering, illumination, entertainment, and so forth.
b. A service-based economy interprets consumer demand as a demand for washing
machines, carpets, lights, consumer electronics, and so forth.
c. A service-based economy weakens the production efficiencies.
d. A service-based economy increases material and energy costs significantly.
Which of the following is an effective way of creating clear and successful reporting
schemes?
a. Leaders empowering subordinates to take decisions without providing guidance
b. Managers ignoring the risk and taking a wait-and-see attitude c. Consistent and
continuous communication of the firm’s values to all stakeholders d. Subordinates
staying away from reporting unethical behaviors of superiors
As a _____ discipline, ethics seeks an account of how and why people should act a
certain way.
a. descriptive
b. supererogatory
c. normative
d. stipulative
Markets can work to prevent harm only through information supplied by the existence
of market failures. This is better known as the:
a. biomimicry effect.
b. backcasting problem.
c. first-generation problem.
d. primary market effect.
Identify the means for comparing and weighing alternatives.
Explain how business understands the opportunities available in the age of
sustainability.
How does utilitarianism have a strong impact on business and business ethics?
In the _____ model of corporate social responsibility, social goals are brought into the
core of a firm’s business model, and economic goals are balanced against social goals.
The rise of social media and social networking use in recent years has given rise to the
evolution of _____ monitoring.
What is insider trading?