Management Chapter 4 5 Compliance based Ethics Codes Conform Laws And

190. Compliance-based ethics codes:

191. To improve America’s business ethics:

192. After developing a code of ethics, it should be communicated to:

193. A whistleblower is a person who:

194. Which of the following is a characteristic of an effective ethics officer?

195. Compliance-based ethics codes typically:

196. A very critical last step in the process of establishing an ethics code is ________.

197. Which of the following would be a unique focus of an integrity-based ethics code?

198. Which of the following statements is not one of the six steps recommended by experts

for improving ethical behavior at work?

199. In the past, whistleblowers were known as persons with a universal moral calling.

However, seldom did these individuals receive tangible rewards for their efforts. When it was all

said and done, they often fell into hard times. Whistleblowers got a boost in 2010, with the

passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. A provision of this

act permits whistleblowers to ____________________.

200. What is the benefit of employing an ethics officer?

201. While speaking with his sales force, the director of sales explains, “Anyone caught

violating a sales law will be fired.” After studying business ethics, you recognize this remark as a

reference to the firm’s __________ ethics.

202. In an effort to promote the importance of a valuable education, the faculty and staff at

the local community college are trained to ask each student about their career preferences,

rather than suggest courses that may not benefit the student’s future goals. Although it would be

tempting to suggest courses just to increase the college’s enrollment, employees know that it is

more important to serve each student well, even if it means suggesting courses and/or degrees

offered at other institutions. This approach is consistent with:

203. Sharon, a CPA for a large firm, noticed that the company’s accounting records drastically

overstated the amount of inventory on hand, which led to overstating the assets of the firm.

Initially, she brought it to the attention of her supervisor, but when nothing was done to correct

the mistake in a timely manner, she decided the best course of action was to report it to the

appropriate government official. Although her actions took her outside the company, she was

counting on current law, under the __________, to protect her against company retaliation.

204. A phone call to a government official by an employee of the Enron Corporation disclosed

the deception and dishonesty of the firm’s accounting records. This employee played the role of

a:

205. Zach spent several months developing a good relationship with a business client. The

client is now buying a significant amount of product from Zach’s company, resulting in high

commissions for Zach, personally. After checking the sales records for the past six months, a

colleague of Zach’s started visiting the same client in the hopes of capturing some of the client’s

business too. Although he considers it “legal and fair game,” sales reps in his firm have begun to

avoid him because they consider it a violation of:

206. John was recently hired by Backstreet Books. At the beginning of the first day on the job,

his store manager handed him a small booklet consisting of company rules. He was asked to read

it and sign and submit the last page, before starting work. Among other things, the rules explicitly

discussed reprimands for grievous behavior and dismissal if the firm could prove that the

employee was stealing product from the store. This booklet represented the ___________ of the

store.

207. Corporate social responsibility describes the firm’s:

208. All else held equal, socially responsible firms:

209. We describe charitable donations by corporations to nonprofit organizations as ________.

210. The position a firm takes on issues that affect the corporation as well as society is known

as its:

211. In recent years, progressive firms have embarked upon __________, where they will

commit company resources and expertise toward helping out in emergency type situations.

212. Corporate ________ covers issues such as setting minority hiring practices, manufacturing

safe products, and minimizing pollution.

213. Determining what is involved for a firm to be socially responsible:

214. Which of the following is not a basic right proposed by former President John F.

Kennedy?

215. A payoff for socially conscious behavior is:

216. Which of the following statements best describes a firm’s commitment to its customers?

217. Companies are using _____________ to communicate their corporate social responsibility

actions to their customers.

218. Investors, today are realizing financial benefit by:

219. Insider trading involves:

220. If a business fails to meet its responsibilities to its employees, which of the following is

likely to occur?

221. In order to avoid insider trading, the SEC (Securities and Exchange Commission) has

adopted a new rule called _____________ that requires publicly traded companies to release

information to everyone in a timely manner, rather than just to a few persons.

222. People need to make a living. Under this circumstance, one of the best social programs a

firm can offer is:

223. The difference between an organization’s positive social contributions and its negative

social impacts is called their:

224. The purpose of a(n) ________ is to evaluate an organization’s progress toward

implementing programs that are socially responsible and responsive.

225. Going green means: