Which of the following is an advantage of monitoring?
a. Monitoring tends to promote effective performance since it reduces employees’ stress
and pressure.
b. Monitoring tends to create a friendly workplace without any suspicions.
c. Monitoring increases the level of worker autonomy and respect, as well as workers’
right to control their environment.
d. Monitoring allows to ensure effective performance by preventing the loss of
productivity to inappropriate technology use.
Ethics requires that the promotion of human welfare be done:
a. based on the personal opinions of the decision maker.
b. based on the level of need of the beneficiaries.
c. understanding the religious beliefs of the beneficiary.
d. in a manner that is acceptable and reasonable from all relevant points of view.
Which of the following is the challenge associated with ethical pay offs?
a. It ruins the reputation that triggered it.
b. It is very small in comparison to profits.
c. It is very difficult to measure ethical pay offs.
d. It can easily be duplicated by competitors.
Which of the following is true about the regulatory approach to environmental
challenges?
a. It overestimates the influence that business can have on establishing the law.
b. The government established regulatory standards to offer compensation after the
occurrence of pollution or any other environmental harm.
c. It shifted the burden from those threatened with harm to those who would cause the
harm.
d. This approach ensures that business does not pursue any financial opportunities that
cause harm to the environment.
The possibility that the economy cannot grow indefinitely is simply not part of the:
a. three pillars of sustainability approach.
b. circular flow model.
c. triple bottom line approach.
d. bilinear model.
According to the COSO framework, which of the following is true of internal control?
a. It is not geared to the achievement of objectives in overlapping categories.
b. It can provide absolute assurance to an entity’s board.
c. It is an end in itself, not a means to an end.
d. It is affected by people at every level of an organization.
How did the use of an implied warranty of merchantability solve a set of problems with
the contract law approach to product liability?
a. Consumers do not need complex contracts in order to protect themselves from all
possible harms that products might cause.
b. The burden of proof has shifted from producers to consumers as consumers are
allowed to assume that products are safe for ordinary use.
c. It has forced businesses to issue a disclaimer of liability and offer limited warranties
to limit its liability.
d. Buyers have the responsibility to look out for their own interests and protect their
own safety when buying a product.
According to the _____ ethics tradition, people act out of habit than out of
deliberations.
a. Kantian
b. virtue
c. utilitarian
d. principle-based
Which of the following ethical traditions would have the strongest objections to
manipulation?
a. Economic
b. Virtue-based
c. Principle-based
d. Utilitarian
Which of the following cultures will empower legal counsel and audit offices to
mandate and to monitor conformity with the law and with internal codes?
a. Customer-based culture
b. Integrity-based culture
c. Values-based culture
d. Compliance-based culture
When we do not get to know someone because we do not have to see that person in
order to do our business, we often do not take into account the impact of our decisions
on him or her. This is the challenge posed by the:
a. facelessness that results from the use of new technology accessible in the workplace.
b. knowledge gap that exists between people who understand the technology and others
who do not understand it.
c. lack of clear boundaries between people’s personal and professional lives.
d. assumption by users of technology that the Internet is safe.
_____ theory argues that the narrow economic model fails both as an accurate
descriptive and as a reasonable normative account of business management.
a. Sustainability
b. Stakeholder
c. Classical
d. Attributive
Which step in the ethical decision-making process occurs once you have considered
how a decision affects stakeholders by comparing and weighing the alternatives?
a. Identifying the ethical issues involved
b. Monitoring and learning from outcomes
c. Making a decision
d. Identifying key stakeholders
In economic terms, all resources:
a. are infinite because they can be replaced by substitutes.
b. are distributed fairly by the government.
c. can be made available everywhere.
d. are distributed efficiently in the market.
An effective internal mechanism of whistleblowing:
a. occurs when employees report wrongdoing to legal authorities. b. must expose
unethical behaviors to the press. c. should not protect the rights of the accused. d. must
allow confidentiality, if not anonymity.
Identify the distinguishing feature between cost-benefit analysis and cost-effectiveness.
a. Cost-effectiveness is ethically problematic.
b. Cost-benefit analysis adopts the most efficient means available to achieving a
particular standard.
c. Cost-benefit analysis is ethically problematic.
d. Cost-effectiveness uses economic criteria before setting the standards.
According to Socrates, which of the following aspects leads to an unexamined life not
worth living?
a. Bounded ethicality
b. Passivity
c. Cultural myopia
d. Satisficing
Explain what the ethical and the unethical means of influencing others include. What is
its impact in advertising?
Explain the concept of eco-efficiency, biomimicry and cradle-to-cradle responsibility.
Discuss the control structure elements of the COSO framework.
Why do firms monitor technology usage?
Discuss the claims made by the defenders of the strict product liability standard to
justify strict product liability.