Question 1

Personal values and moral character play key roles in improving a company's ethical performance.

Accepted Answer

True

Question 2

In most companies, a moral atmosphere cannot be detected.

Accepted Answer

False

Question 3

In a benevolence ethical climate, the interests of the company's employees and external stakeholders most likely would be given high priority.

Accepted Answer

True

Question 4

Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.

Accepted Answer

True

Question 5

It is impossible for multiple ethical climates to exist within one organization.

Accepted Answer

False

Question 6

The Principles and Standards of Ethical Supply Chain Management Conduct focuses on integrity, value, and loyalty.

Accepted Answer

True

Question 7

Honesty, integrity, and accuracy are absolute requirements of the accounting function.

Accepted Answer

True

Question 8

The American Institute of Certified Public Accountants Code directs accountants to be steadfast in honorable behavior, but not to the point of personal sacrifice.

Accepted Answer

False

Question 9

Marketing ethics include having concern for consumer health and safety issues.

Accepted Answer

True

Question 10

The majority of large U.S. corporations do not have codes of ethics.

Accepted Answer

False

Question 11

In the United States, most ethics policies are based primarily on the company's mission and vision.

Accepted Answer

False

Question 12

Ethics training is typically the most costly element of an ethics program.

Accepted Answer

True

Question 13

Today, more companies than ever are turning to formal ethics audits to measure the quality of their ethics programs.

Accepted Answer

False

Question 14

According to a recent Transparency International survey, Denmark and New Zealand are two countries that are least likely to be subjected to bribery.

Accepted Answer

True

Question 15

Bribery is found in nearly every sector of the global marketplace, but can be worse in some parts of the world.

Accepted Answer

True

Question 16

The core components upon which a company's ethical performance depends include:

Accepted Answer

All of these answers are correct. The values and virtues of the managers. The personal character of the managers and employees. The traditions, attitudes, and business practices built into a company's culture.

Question 17

The unspoken understanding among employees of what is and is not acceptable behavior is called:

Accepted Answer

Ethical climate.

Question 18

Which of the following is not an example of an ethical criterion?

Accepted Answer

Corporate driven.

Question 19

If a manager approaches ethics with benevolence in mind, he or she would stress what?

Accepted Answer

Friendly relations with an employee.

Question 20

Which ethical criterion is described by the idea that a company should strive for efficiency?

Accepted Answer

Egoism.

Question 21

By law, the financial records of publicly held companies are required to be:

Accepted Answer

Audited by a certified professional accounting firm.

Question 22

All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:

Accepted Answer

Due Process.

Question 23

A member of the Chartered Financial Analyst Institute (CFA) must:

Accepted Answer

All of these answers are correct. Promote the integrity of and uphold the rules governing global capital markets. Act with integrity, competence, diligence, respect, and in an ethical manner with the public. Maintain and improve their professional competence.

Question 24

All of the following are considered to be ethical issues for marketing professionals except:

Accepted Answer

Ignoring market fair dealing.

Question 25

Ethical challenges for information technology employees include:

Accepted Answer

Data privacy and copyright protection.

Question 26

The Principles and Standards of Ethical Supply Chain Management Conduct includes the principle:

Accepted Answer

Protect confidentiality.

Question 27

When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:

Accepted Answer

Compliance and Integrity.

Question 28

Building ethical safeguards into a company's everyday routines is called:

Accepted Answer

Institutionalizing ethics.

Question 29

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

Accepted Answer

Operating under the compliance-based approach.

Question 30

Integrity-based ethics programs:

Accepted Answer

Combine concern for the law with an emphasis on employee responsibility.

Question 31

A giant step is taken toward improving ethical performance throughout the company when:

Accepted Answer

Senior-level managers signal to employees that they believe ethics is a high priority.

Question 32

Business managers need a set of ethical guidelines to help them:

Accepted Answer

Identify and analyze the nature of the ethical problem.

Question 33

Ethics policies typically cover all of the following issues except:

Accepted Answer

Encouraging discriminatory personnel practices.

Question 34

Most ethics or compliance officers are entrusted to:

Accepted Answer

Act as a liaison between the company and their temporary employees.

Question 35

The most effective ethics programs utilize which of the following:

Accepted Answer

All of these answers are correct. Written policy. Posters. Quick reference guides.

Question 36

Which type of employee is most likely to report ethical issues in the workplace?

Accepted Answer

Executives.

Question 37

The critical component in installing an effective ethics program is:

Accepted Answer

The integration of various ethics safeguards into a comprehensive program.

Question 38

Which company ethics safeguard is commonly implemented as an employee helpline?

Accepted Answer

Reporting mechanisms.

Question 39

Which of these components are not considered during a risk-assessment audit to gauge the effectiveness of a firm's ethics programs?

Accepted Answer

The financial bottom line.

Question 40

A company that has ranked amongst the most ethical firms from 2007 to 2017, according to Forbes magazine, is:

Accepted Answer

AFLAC

Question 41

Which U.S. Act prohibits executives representing U.S.-based companies from paying bribes to foreign government officials, political parties, or political candidates?

Accepted Answer

The U.S. Foreign Corrupt Practices Act.

Question 42

Which of these statements is true about the U.K. Bribery Act?

Accepted Answer

Contains a strict liability offense for failure to prevent bribery by commercial organizations.

Question 43

Which country passed major anti-corruption reforms in 2016?

Accepted Answer

Mexico.

Question 44

In the case Equifax's Data Breach, which ethical climate dominated during the data breach?

Accepted Answer

Egoism

CH 6 - Organizational Ethics

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