BUS 220 Chap 1

7 October 2022
4.7 (114 reviews)
20 test answers

Unlock all answers in this set

Unlock answers (16)
question
The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s
answer
Sarbanes-Oxley Act
question
Which of the following is NOT one of the rights spelled out by JFK in his "Consumers' Bill of Rights"?
answer
The right to be Ethical
question
Business ethics, as a field, has passed through which of the following states?
answer
Theological discussion to recognition of social issues to a field of study
question
Ethics is a part of decision making
answer
at all levels of work & management
question
Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?
answer
Defense Industry Initiative on Business Ethics and Conduct
question
The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation
answer
Federal Sentencing Guidelines for Organizations
question
The study of business ethics is important to better understand all of the following EXCEPT
answer
That business ethics is entirely an extension of an individual's own personal ethics
question
According to the role of ethical culture in performance, all of these are drivers of profit EXCEPT
answer
Opportunity for misconduct
question
Having acceptable personal ethics is probably NOT going to be sufficient to handle complex business ethical issues when an individual has
answer
Limited business experience
question
One of the major ethical issues President Obama's administration focused on was
answer
Health Care and Consumer Protection
question
The Foreign Corrupt Practices Act outlawed
answer
Bribery of officials in other countries
question
Which of the following was NOT a provision of the Sarbanes-Oxley Act?
answer
It outlawed bribery of officials in other countries
question
Which of the following is NOT cited as an example of a global collaborative effect to establish standards of business conduct?
answer
United States Sentencing Commission
question
Because of Sarbanes-Oxley, publicly traded companies must develop ____ to assist in maintaining transparency in financial reporting
answer
Code of Ethics
question
______ is essential in building long-term relationships between businesses and consumers
answer
Trust
question
Ethical culture is defined as
answer
Acceptable behavior as defined by the company and industry
question
Which of the following is NOT one of the benefits of being ethical and socially responsible in business?
answer
A high degree of employee dissent
question
Employees' perceptions of their firm as having an ethical climate leads to
answer
Enhanced performance
question
Investors are concerned about business ethics because they know that misconduct can
answer
Lower stock value and prices
question
MOST organizations with strong ethical climates usually focus on the core values of placing ________ interests.
answer
Customers'