Question 1

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Accepted Answer

A)  Equal Pay Act
B)  Americans with Disabilities Act
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act
D)  Age Discrimination in Employment Act
E)  VII of the Civil Rights Act

Question 2

One of the steps the U.S.Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.?

Accepted Answer

A) True 
 B)False  True

Question 3

Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.?

Accepted Answer

A) True 
 B)False

Question 4

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation.?

Accepted Answer

A) True 
 B)False

Question 5

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Accepted Answer

A)  CEO
B)  ethics officer
C)  social entrepreneur
D)  cause-related marketer
E)  Consumer Financial Protection Bureau

Question 6

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

Accepted Answer

A)  The Dodd-Frank Wall Street Reform and Consumer Protection Act
B)  Compliance
C)  Organizational ethics
D)  Core practices
E)  The Sarbanes Oxley Act

Question 7

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

Accepted Answer

A)  Institutionalization of ethics is now mandated for all organizations by governments around the world
B)  Stakeholders have recognized the need for improving business ethics
C)  The government has stepped in when scandals and misconduct have damaged key constituents of businesses
D)  Gatekeepers have been questioned as to their contributions to major scandals
E)  Highly ethical companies tend to be more profitable than those suffering from misconduct issues

Question 8

_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.

Accepted Answer

A)  Social responsibility
B)  Business ethics
C)  Corporate philanthropy
D)  Strategic philanthropy
E)  Cause-related marketing

Question 9

Companies that _____ will most likely be found in violation of procompetitive legislation.

Accepted Answer

A)  pollute waterways
B)  knowingly harm consumers
C)  contract with sweatshops
D)  establish monopolies
E)  help consumers D

Question 10

_____ responsibilities relate to a business's contributions to stakeholders.

Accepted Answer

A)  Economic
B)  Legal
C)  Ethical
D)  Voluntary
E)  Social responsiveness

Question 11

A major purpose of the Federal Sentencing Guidelines for Organizations,the Sarbanes-Oxley Act,and the Dodd-Frank Act is to

Accepted Answer

A)  guard against anticompetitive behaviors.
B)  create synergy among businesses to improve the economy.
C)  encourage employees to report misconduct.
D)  discourage businesses from taking risks.
E)  mandate that companies engage in self-regulation.

Question 12

Which of the following acts can be classified as procompetitive legislation?

Accepted Answer

A)  Equal Pay Act of 1963
B)  Civil Rights Act of 1964
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
D)  Sherman Antitrust Act of 1890
E)  Occupational Safety and Health Act of 1970

Question 13

How do violations of the law usually start?

Accepted Answer

A)  When businesspeople blatantly engage in misconduct
B)  When organizational stakeholders are not prioritized
C)  When the organization lacks an code of ethics
D)  When businesspeople stretch the limits of ethical standards
E)  When organizations engage in activities that are clearly illegal

Question 14

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.?

Accepted Answer

A)  Consumer Financial Protection Bureau
B)  Federal Trade Commission
C)  Better Business Bureau
D)  Open Compliance Ethics Group
E)  Occupational Safety and Health Administration

Question 15

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Accepted Answer

A)  Voluntary contributions
B)  Cause-related marketing
C)  Strategic philanthropy
D)  Corporate giving
E)  Employee benefits

Question 16

The primary objective of U.S.antitrust laws is to

Accepted Answer

A)  protect consumers from high prices and foreign products.
B)  protect domestic businesses.
C)  protect employees.
D)  promote strategies that enhance business welfare over consumer welfare.
E)  distinguish competitive strategies that enhance consumer welfare from those that reduce it.

Question 17

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Accepted Answer

Students can draw fr...

Question 18

_____ law not only prohibits specific actions in business such as fraud,theft,or securities trading violations,but also imposes fines or imprisonment as punishment for breaking the law.

Accepted Answer

A)  Civil
B)  Criminal
C)  Competitive
D)  Administrative
E)  Regulatory

Question 19

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Accepted Answer

A)  Civil Rights Act of 1964
B)  Sherman Antitrust Act of 1890
C)  Magnuson-Moss Warranty Act of 1974
D)  Consumer Product Safety Act of 1972
E)  Pure Food and Drug Act of 1906

Question 20

According to the text,the opinions of society,as expressed through legislation,can change over time,and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Accepted Answer

The role of laws is not so much to determine what is ethical or unethical as to determine the appropriateness of specific activities or situations. In other words,laws establish the basic ground rules for responsible business activities. Laws,or public policy,is dynamic and changes in response to business abuses and consumer demands for safety and equality.

Exam 4: The Institutionalization of Business Ethics

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Correct Answer
verified

One of the steps the U.S.Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.?

Correct Answer
verified
True

Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.?

Correct Answer
verified

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation.?

Correct Answer
verified

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Correct Answer
verified

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

Correct Answer
verified

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

Correct Answer
verified

_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.

Correct Answer
verified

Companies that _____ will most likely be found in violation of procompetitive legislation.

Correct Answer
verified
D

_____ responsibilities relate to a business's contributions to stakeholders.

Correct Answer
verified

A major purpose of the Federal Sentencing Guidelines for Organizations,the Sarbanes-Oxley Act,and the Dodd-Frank Act is to

Correct Answer
verified

Which of the following acts can be classified as procompetitive legislation?

Correct Answer
verified

How do violations of the law usually start?

Correct Answer
verified

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.?

Correct Answer
verified

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Correct Answer
verified

The primary objective of U.S.antitrust laws is to

Correct Answer
verified

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Correct Answer
verified
Students can draw fr...
View Answer

_____ law not only prohibits specific actions in business such as fraud,theft,or securities trading violations,but also imposes fines or imprisonment as punishment for breaking the law.

Correct Answer
verified

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Correct Answer
verified

According to the text,the opinions of society,as expressed through legislation,can change over time,and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Exam 4: The Institutionalization of Business Ethics

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Correct AnswerverifiedShow Answer

One of the steps the U.S.Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.?

Correct AnswerverifiedTrue

Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.?

Correct AnswerverifiedShow Answer

The primary method for resolving conflicts and serious business disputes is through the use of self-regulation.?

Correct AnswerverifiedShow Answer

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Correct AnswerverifiedShow Answer

_____ focus(es) on developing sound organizational practices and integrity for financial and nonfinancial performance measures,rather than on an individual's morals.

Correct AnswerverifiedShow Answer

Which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

Correct AnswerverifiedShow Answer

_____ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits.

Correct AnswerverifiedShow Answer

Companies that _____ will most likely be found in violation of procompetitive legislation.

Correct AnswerverifiedD

_____ responsibilities relate to a business's contributions to stakeholders.

Correct AnswerverifiedShow Answer

A major purpose of the Federal Sentencing Guidelines for Organizations,the Sarbanes-Oxley Act,and the Dodd-Frank Act is to

Correct AnswerverifiedShow Answer

Which of the following acts can be classified as procompetitive legislation?

Correct AnswerverifiedShow Answer

How do violations of the law usually start?

Correct AnswerverifiedShow Answer

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.?

Correct AnswerverifiedShow Answer

_____ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Correct AnswerverifiedShow Answer

The primary objective of U.S.antitrust laws is to

Correct AnswerverifiedShow Answer

Society often expects a lot from business.Do you think that it is possible to balance profit and other business objectives with the goals and desires of society? Why or why not?

Correct AnswerverifiedStudents can draw fr...View AnswerShow Answer

_____ law not only prohibits specific actions in business such as fraud,theft,or securities trading violations,but also imposes fines or imprisonment as punishment for breaking the law.

Correct AnswerverifiedShow Answer

Which of the following acts,passed in response to public outrage over conditions described in Upton Sinclair's The Jungle,was the first consumer protection legislation?

Correct AnswerverifiedShow Answer

According to the text,the opinions of society,as expressed through legislation,can change over time,and different courts and government legislatures may take different views about the acceptability of specific business activities.Why is this so?

Correct Answer
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True

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D

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Students can draw fr...
View Answer

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