Ethics Chapter 5

31 August 2022
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The unspoken understanding among employees of what is and is not acceptable behavior is called:
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ethical climate
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If a manager approaches ethical issues with a self-centered approach, emphasis will be on:
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economic efficiency
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Which of the following is not an example of an ethical criterion?
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corporate driven
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If a manger approaches ethics with benevolence in mind, he or she would stress what?
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friendly relations with an employee
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Which ethical criterion is described by the idea that a company should strive for efficiency
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egoism
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By law, the financial records of publicly held companies are required to be
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audited by a certified professional accounting firm
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All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except
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due process
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When a bank employee makes trades using the firm's money without its authorization, the practice is called:
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rogue trading
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Which of the following organization's code of ethics advocates "loyalty to your organization, justice to those whom you deal and faith in your profession?"
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institute for supply management
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Building ethical safeguards into a company's everyday routines is called
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institutionalizing ethics
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A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is
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operating under compliance based ethics
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Integrity-based ethics programs
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combines concerns for the law with an emphasis on employee responsibility
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A giant step is taken toward improving ethical performance throughout the company when
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senior level managers signal to employees that they believe ethics is a high priority
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Business managers need a set of ethical guidelines to help them
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identify and analyze the nature of an ethical problem
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In the United States and Latin America, ethics policies were found to be primarily
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instrumental - providing rules and procedures for employees to follow to adhere to laws
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Ethics policies typically cover all of the following issues except
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encouraging discriminatory practices
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Most ethics or compliance officers are generally entrusted to:
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reduce the risks to the company's employee misconduct
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Which of the following is not a typical use of an ethics reporting mechanism?
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to give employees an opportunity to discuss the appropriate rating on their annual rating
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Typically, ethics training is offered to
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managers
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The critical component in installing an effective ethics program is:
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the integration of various ethics safeguards into a comprehensive program
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Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their
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Ethical Quotient (EC)
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Recipients of the corporate ethics awards show that:
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firms can be financially successful and ethically focused
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One of the most widespread and potentially powerful efforts to combat bribery was initiated by
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the organization for economic cooperation and development
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Which U.S. Act prohibits executives representing U.S.-based companies from paying bribes to foreign government officials, political parties, or political candidates:
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the US foreign corrupt practices act
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Which of the following is not an example of a white-collar crime?
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theft