Accountability, oversight, and control all fall under the definition and implementation
of corporate
a. profit.
b. loyalty.
c. care.
d. governance.
e. diligence.
Some economists believe that if companies address economic and legal issues, they are
satisfying the demands of society, and that trying to anticipate and meet additional
needs would be almost impossible. Which economist’s theory are they following most
closely with this belief?
a. Adam Smith.
b. Theodore Levitt.
c. Norman Bowie.
d. Herman Miller
e. Milton Friedman.
During which step of the auditing process should a firm examine all documents that
make explicit commitments to ethical, legal, or social responsibility?
a. Secure commitment of top managers and directors.
b. Establish a committee to oversee the audit.
c. Define the scope of the audit process.
d. Review organizational mission, goals, values, and policies.
e. Verify the results.
Which of the following is notone of the rights spelled out by John F. Kennedy in his
“Consumers’ Bill of Rights”?
a. The right to choose
b. The right to safety
c. The right to be informed
d. The right to be ethical
e. The right to be heard
_________identified four cultural dimensions that can have a profound impact on the
business environment:
individualism/collectivism, power distance, uncertainty avoidance, and
masculinity/femininity.
a. Milton Friedman
b. Abraham Maslow
c. Adam Smith
d. Geert Hofstede
e. John Maynard Keynes
______law not only prohibits specific actions in business such as fraud, theft, or
securities trading violations, but also imposes fines or imprisonment as punishment for
breaking the law.
a. Civil
b. Criminal
c. Competitive
d. Administrative
e. Regulatory
Geothermal energy provides________and is a more dependable energy source than
some other forms of alternative energy.
a. heat from the sun
b. a radiated heat
c. heat from steam
d. a constant source of heat
e. a dry heat
A stakeholder orientation is not complete unless it includes
a. clear accounting procedures.
b. major financing activities.
c. marketing strategy.
d. feedback from special-interest groups.
e. activities that actually address stakeholder issues.
Which of the following strives to create order by requiring that employees identify with
and commit to specific required conduct?
a. Conduct orientation
b. Values orientation
c. Coercive orientation
d. Obedience orientation
e. Compliance orientation
An organization that delegates decision-making authority as far down the chain of
command as possible and has relatively few formal rules is
a. centralized.
b. decentralized.
c. flat.
d. tall.
e. ethical.
The______was established after the latest financial crisis, in response to a
situation that caused many consumers to lose their homes.
a. Environmental Protection Agency
b. World Bank
c. Consumer Financial Protection Bureau
d. World Trade Organization
e. Sarbanes-Oxley Act
_____________leaders communicate a sense of mission, stimulate new ways of
thinking, and enhance as well as generate new learning experiences.
a. Authentic
b. Democratic
c. Transformational
d. Transactional
e. Cooperative
The first of the three activities that are associated with the stakeholder orientation is the
a. organization-wide generation of data.
b. organization’s responsiveness to intelligence.
c. set of consumer attributes identified.
d. organizational strategy of target markets.
e. human relations department’s set of priorities.
Codes, rules, and compliance are essential in organizations. However, an organization
built on to develop a high integrity corporate culture.
a. a charismatic leader
b. the preferences of the CEO
c. the grapevine
d. formal relationships
e.informalrelationships is more likely
___________argues that ethical behavior involves not only adhering to conventional
moral standards but also considering what a mature person with a “good” moral
character would deem appropriate.
a. Act utilitarianism
b. Virtue ethics
c. Reciprocity
d. Hedonism
e. Rule deontology
_______may be more inclined to engage in unethical organizational conduct because of
social isolation that creates insensitivity and a lower level of motivation to regulate
ethical decision making.
a. Low-level employees
b. International managers
c. Top managers
d. Government officials
e. Fortune 500 companies
______________are formal statements that describe what an organization expects of its
employees in terms of ethical behavior.
a. Mission statements
b. Codes of conduct
c. Policies on confidentiality
d. Environmental policies
e. The Federal Sentencing Guidelines for Organizations
10.The______leader can create a negative climate because of the high standards that he
or she sets. This style works best for attaining quick results from highly motivated
individuals who value achievement and take initiative.
a. authoritative
b. affiliative
c. democratic
d. coaching
e. pacesetting
is the offering of something of value in order to gain an illicit advantage.
a. Shoulder surfing
b. Hacking
c. Gift exchange
d. Conflicts of interest
e. Bribery
Principles are
a. laws and regulations that guide behavior in the world of business.
b. mores, values, and customs that guide behavior in general.
c. specific and pervasive boundaries for behavior that are universal and absolute.
d. the obligations businesses assume to maximize their positive impact and minimize
their negative impact on stakeholders.
e. the mores, values, and customs that parents teach their children.
______is essential in building long-term relationships between businesses and
consumers.
a. Profits
b. Dividends
c. Trust
d. Hubris
e. Codes of ethics
Major corporate governance issues normally involve decisions. (Choose the response
that is mostcorrect)
a. strategic-level
b. tactical-level
c. divisional-level
d. marketing-level
e. accounting-level
The________states that economic and social equalities should
be arranged to provide the most benefit to the least-advantaged members of society.
a. Equality principle
b. Difference principle
c. Constitutional principle
d. Liberty principle
e. Justice principle
Shareholders provide resources to an organization that are critical to long term success.
Which of the following does the book suggest that suppliers offer?
a. The promise of customer loyalty
b. Material resources and/or intangible knowledge
c. Infrastructure
d. Revenue
e. Leadership skills
Which industry invests the most in alternative clean energy sources?
a. The automobile industry
b. The clothing industry
c. The airline industry
d. The federal government
e. The oil and gas industry
Discuss the current state of business ethics in the twenty-first century.
Describe the four organizational cultures and provide a company example of each
organizational culture.
Compare and contrast ethics auditing and financial auditing. How can the tools of
financial auditing be applied to ethics audits?
What are the different definitions of bribery?
Describe the RADAR model, discussing key objectives needed to be obtained for each
step of the model.