Question 1

Ethical reasoning is the process through which an individual applies his or her moral convictions or ethical standards to a current decision or dilemma.

Accepted Answer

A) True 
 B)False

Question 2

Most large companies have implemented ethics training programs.

Accepted Answer

A) True 
 B)False

Question 3

Under the principle of rights theory, one person's principles are as "right" as another's.

Accepted Answer

A) True 
 B)False  False

Question 4

The triple bottom line looks at all of the following except

Accepted Answer

A)   how decisions impact profits and revenues .
B)   how decisions impact sustainability and the planet .
C)   how decisions impact employees and consumers .
D)   how decisions impact the relationship between the U.S. and other nations .E) B) and C)
F) None of the above

Question 5

Business ethics is the study of how philosophical ethics is applied in a business setting.

Accepted Answer

A) True 
 B)False

Question 6

As CEO of Production, Inc., before making a decision Quinn always considers how he would like to be treated by others in the same situation. Quinn tends to make decisions based on

Accepted Answer

A)   the categorical imperative.
B)   the Golden Rule.
C)   the principle of rights.
D)   the Ten Commandments.E) A) and B)
F) B) and C)

Question 7

The management of Housemate, Inc., has decided that it will strictly comply with the law when making decisions.   Housemate will be making decisions based on

Accepted Answer

A)   the moral minimum.
B)   the highest ethical standard.
C)   the categorical imperative.
D)   the most valued rights.E) A) and B)
F) A) and C) A

Question 8

Under the principle of rights theory, a key factor in determining whether a business decision is ethical is how that decision

Accepted Answer

A)   compares to religious principles.
B)   affects the rights of others.
C)   causes consequences that would follow if everyone acted the same way.
D)   supports the right to make a profit.E) A) and C)
F) A) and D)

Question 9

Plastic Paints, Inc. expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal. This is the concept of

Accepted Answer

A)   the moral minimum.
B)   corporate social responsibility.
C)   the categorical imperative.
D)   utilitarianism.E) A) and D)
F) B) and C)

Question 10

Compliance with the law is not always sufficient to determine "right" behavior because

Accepted Answer

A)   the law does not codify all ethical requirements.
B)   company codes are also sources of law.
C)   business decisions can have negative impacts.
D)   ethical problems occur in business.E) A) and C)
F) A) and D)

Question 11

The attitude of management does not impact the ethical standards or behavior of the company ' s employees.

Accepted Answer

A) True 
 B)False

Question 12

To be effective, an ethical compliance program must be integrated throughout a firm.

Accepted Answer

A) True 
 B)False

Question 13

Fish n' Fries Restaurant Company makes products that can cause severe health problems to those with shellfish allergies. Fish n' Fries analyzes the cost of warning people of the risk (which they believe is obvious)  and the risk of harm to people if no warning is included in advertising and on menus. This analysis most likely is part of

Accepted Answer

A)   duty-based ethics.
B)   corporate social responsibility.
C)   religious ethical principles.
D)   outcome-based ethics.E) A) and D)
F) A) and C)

Question 14

Codex Marketing Inc. routinely makes payments to administrative employees in foreign countries in order to get paperwork processed in a timely manner. Codex

Accepted Answer

A)   must file a report with the foreign government to disclose the payments.
B)   must file paperwork with the U.S. State Department to disclose the payments .
C)   must keep detailed and accurate accounting records of the payments .
D)   is violating the Foreign Corrupt Practices Act .E) All of the above
F) A) and B)

Question 15

The Public Company Accounting Oversight Board can do all of the following except

Accepted Answer

A)   investigate violations of the Sarbanes-Oxley Act.
B)   discipline accounting firms who violate the Sarbanes-Oxley Act.
C)   change or amend the Sarbanes-Oxley Act.
D)   inspect registered public accounting firms.E) B) and C)
F) A) and D)

Question 16

Because shareholders, employees, and management all share the same goals, managers rarely face ethical conflicts.

Accepted Answer

A) True 
 B)False

Question 17

Questions of what is ethical involve the extent to which a company has

Accepted Answer

A)   a legal duty beyond those duties mandated by ethics.
B)   an ethical duty beyond those duties mandated by law.
C)   any duty beyond those mandated by both ethics and the law.
D)   any duty when it is uncertain whether a legal duty exists.E) All of the above
F) C) and D)

Question 18

Duty-based ethical standards are most likely derived from

Accepted Answer

A)   a corporate ethics code.
B)   a cost-benefit analysis.
C)   philosophical reasoning.
D)   the law.E) B) and C)
F) A) and D)

Question 19

Ethical standards based on religion involve an element of compassion.

Accepted Answer

A) True 
 B)False

Question 20

Obeying the law will fulfill a company ' s ethics obligations.

Accepted Answer

A) True 
 B)False  False

Exam 2: Ethics in Business

Ethical reasoning is the process through which an individual applies his or her moral convictions or ethical standards to a current decision or dilemma.

Correct Answer
verified

Most large companies have implemented ethics training programs.

Correct Answer
verified

Under the principle of rights theory, one person's principles are as "right" as another's.

Correct Answer
verified
False

The triple bottom line looks at all of the following except

Correct Answer
verified

Business ethics is the study of how philosophical ethics is applied in a business setting.

Correct Answer
verified

As CEO of Production, Inc., before making a decision Quinn always considers how he would like to be treated by others in the same situation. Quinn tends to make decisions based on

Correct Answer
verified

The management of Housemate, Inc., has decided that it will strictly comply with the law when making decisions. Housemate will be making decisions based on

Correct Answer
verified
A

Under the principle of rights theory, a key factor in determining whether a business decision is ethical is how that decision

Correct Answer
verified

Plastic Paints, Inc. expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal. This is the concept of

Correct Answer
verified

Compliance with the law is not always sufficient to determine "right" behavior because

Correct Answer
verified

The attitude of management does not impact the ethical standards or behavior of the company ' s employees.

Correct Answer
verified

To be effective, an ethical compliance program must be integrated throughout a firm.

Correct Answer
verified

Correct Answer
verified

Codex Marketing Inc. routinely makes payments to administrative employees in foreign countries in order to get paperwork processed in a timely manner. Codex

Correct Answer
verified

The Public Company Accounting Oversight Board can do all of the following except

Correct Answer
verified

Because shareholders, employees, and management all share the same goals, managers rarely face ethical conflicts.

Correct Answer
verified

Questions of what is ethical involve the extent to which a company has

Correct Answer
verified

Duty-based ethical standards are most likely derived from

Correct Answer
verified

Ethical standards based on religion involve an element of compassion.

Correct Answer
verified

Obeying the law will fulfill a company ' s ethics obligations.

Correct Answer
verified
False

Exam 2: Ethics in Business

Ethical reasoning is the process through which an individual applies his or her moral convictions or ethical standards to a current decision or dilemma.

Correct AnswerverifiedShow Answer

Most large companies have implemented ethics training programs.

Correct AnswerverifiedShow Answer

Under the principle of rights theory, one person's principles are as "right" as another's.

Correct AnswerverifiedFalse

The triple bottom line looks at all of the following except

Correct AnswerverifiedShow Answer

Business ethics is the study of how philosophical ethics is applied in a business setting.

Correct AnswerverifiedShow Answer

As CEO of Production, Inc., before making a decision Quinn always considers how he would like to be treated by others in the same situation. Quinn tends to make decisions based on

Correct AnswerverifiedShow Answer

The management of Housemate, Inc., has decided that it will strictly comply with the law when making decisions. Housemate will be making decisions based on

Correct AnswerverifiedA

Under the principle of rights theory, a key factor in determining whether a business decision is ethical is how that decision

Correct AnswerverifiedShow Answer

Plastic Paints, Inc. expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal. This is the concept of

Correct AnswerverifiedShow Answer

Compliance with the law is not always sufficient to determine "right" behavior because

Correct AnswerverifiedShow Answer

The attitude of management does not impact the ethical standards or behavior of the company ' s employees.

Correct AnswerverifiedShow Answer

To be effective, an ethical compliance program must be integrated throughout a firm.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Codex Marketing Inc. routinely makes payments to administrative employees in foreign countries in order to get paperwork processed in a timely manner. Codex

Correct AnswerverifiedShow Answer

The Public Company Accounting Oversight Board can do all of the following except

Correct AnswerverifiedShow Answer

Because shareholders, employees, and management all share the same goals, managers rarely face ethical conflicts.

Correct AnswerverifiedShow Answer

Questions of what is ethical involve the extent to which a company has

Correct AnswerverifiedShow Answer

Duty-based ethical standards are most likely derived from

Correct AnswerverifiedShow Answer

Ethical standards based on religion involve an element of compassion.

Correct AnswerverifiedShow Answer

Obeying the law will fulfill a company ' s ethics obligations.

Correct AnswerverifiedFalse

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False

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A

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False