The core components upon which a company's ethical performance depends include:
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-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.
basically all of the above
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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 certfied professional accounting firm
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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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A member of the Chartered Financial Analyst Institute (CFA) must:
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Promote the integrity of and uphold the rules governing global capital markets.,
Act with integrity, competence, diligence, and respect, and in an ethical manner with the public.
Maintain and improve their professional competence.
all of the above
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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 the compliance-based approach.
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Integrity-based ethics programs:
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Combines concern 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 the 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 policy and law.
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Ethics policies typically cover all of the following issues except:
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Encouraging discriminatory personnel practices.
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Most ethics or compliance officers are generally entrusted to:
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Reduce the risks to the company of employee misconduct.
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Ethics reporting mechanisms have been:
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Established to create an avenue for the company to obtain allegations of unethical conduct. and Increasing in employee use and effectiveness.
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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 performance reviews without management's influence.
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Typically, ethics training is offered to:
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Managers.
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Which of the following is a typical practice in an ethics audit procedure?
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The auditor notes any deviations from the company's ethics standards that become evident during the ethics audit., The auditor brings deviations to the attention of the audit supervisor.and Department managers are required to file a report with the auditor on the corrective action they took to deal with the deviation.
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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 (EQ).
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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 U.S. Foreign Corrupt Practices Act.
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* The Interactive Digital Software Association case exemplifies:
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The idea that laws can not always define proper action., The idea that ethical principles are broader than laws.and Industries preempting legislation and voluntarily adopting ethically based practices.
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Which of the following is not an example of a white-collar crime?
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Theft
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The most effective ethics programs utilize which of the following?
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-Written policy.
-Posters.
-Quick reference guides.
D. All of the above.
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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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Which type of employee is most likely to report ethical issues in the workplace?
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Executives.
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Which company ethics safeguard is commonly implemented as an employee "helpline"?
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Reporting mechanisms.
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Which of these components are not considered during a risk assessment audit to gauge the effectiveness of a firm's ethics programs?
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The financial bottom line.
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Which country recently enacted new laws to counter bribery and corruption?
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Brazil
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