BUS 100 Ch. 5 & 6

29 August 2022
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10 test answers
question
Under the Sarbanes-Oxley Act, corporations are required to:
answer
Have executive vouch for the accuracy of a firm's financial reports
question
Integrity-based ethics programs:
answer
Combined concerns for the law with an emphasis on employee responsibility
question
The main drawback to utilitarian reasoning is that:
answer
Is it difficult to accurately measure both costs and benefits.
question
The core components upon which a company's ethical performance depends include:
answer
The personal character of the managers and employees, the values and virtues of the managers, and the traditions, attitudes, and business practices built into a company's culture.
question
Which of the following best illustrates an ethics issue based on cross-culture contradictions?
answer
A. Legally marketing a pesticide abroad that has been banned in the U.S. B. Circumventing government regulations to ensure company profits. C. Hiring child workers in violation of civil law. The answer is A!
question
Most ethics or compliance officers are generally entrusted to:
answer
Reduce the risks to the company of employee misconduct.
question
By law, financial records of publicly held companies are required to be:
answer
Audited by a certified professional accounting firm.
question
All of the Following are present values in most ethical decisions.
answer
Be honest, Be said and just, Act responsibly
question
Cross-cultureal contradictions arise due to:
answer
Difference between home and host countries' ethical standards.
question
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches;
answer
Legal and Practical
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question
Under the Sarbanes-Oxley Act, corporations are required to:
answer
Have executive vouch for the accuracy of a firm's financial reports
question
Integrity-based ethics programs:
answer
Combined concerns for the law with an emphasis on employee responsibility
question
The main drawback to utilitarian reasoning is that:
answer
Is it difficult to accurately measure both costs and benefits.
question
The core components upon which a company's ethical performance depends include:
answer
The personal character of the managers and employees, the values and virtues of the managers, and the traditions, attitudes, and business practices built into a company's culture.
question
Which of the following best illustrates an ethics issue based on cross-culture contradictions?
answer
A. Legally marketing a pesticide abroad that has been banned in the U.S. B. Circumventing government regulations to ensure company profits. C. Hiring child workers in violation of civil law. The answer is A!
question
Most ethics or compliance officers are generally entrusted to:
answer
Reduce the risks to the company of employee misconduct.
question
By law, financial records of publicly held companies are required to be:
answer
Audited by a certified professional accounting firm.
question
All of the Following are present values in most ethical decisions.
answer
Be honest, Be said and just, Act responsibly
question
Cross-cultureal contradictions arise due to:
answer
Difference between home and host countries' ethical standards.
question
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches;
answer
Legal and Practical