business ethics

The study of business ethics is important to better understand all of the following except

A
that a person’s own moral philosophies and decision-making experiences may not be sufficient to guide him or her in the business world.
B
how and why people make ethical or unethical decisions.
C
how to cope with conflicts between a person’s own values and those of the organization in which he or she works.
D
that business ethics is merely an extension of an individual’s own personal ethics.
E
how to identify ethical issues that arise in the business world.

Social responsibility is

A
an organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders.
B
principles and standards that guide behavior in the world of business.
C
a business’s responsibility not to pollute the environment.
D
a business’s responsibility to manufacture products that function properly without harming consumers.
E
charitable contributions made by a business to enhance its image.

Which of the following was (were) developed in the 1980s to encourage corporate support for ethical conduct by establishing a method for discussing “best practices?”

A
Federal Sentencing Guidelines for Organizations
B
Defense Industry Initiative on Business Ethics and Conduct
C
Corporate Codes of Conduct
D
United States Sentencing Commission
E
MERCOSUR

The _______________ was (were) enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

A
Defense Industry Initiative on Business Ethics and Conduct
B
Federal Sentencing Guidelines for Organizations
C
Sarbanes-Oxley Act
D
Foreign Corrupt Practices Act
E
Ferrell-Fraedrich Act

In the history of business ethics, the 1990s can best described as a time when business ethics was

A
formalized.
B
consolidated.
C
institutionalized.
D
popularized.
E
marginalized.

Which of the following is not one of the rewards for being ethical and socially responsible in business?

A
Greater employee commitment
B
Greater employee turnover
C
Improved customer trust and satisfaction
D
Increased investor willingness to entrust funds
E
Better financial performance

When employees see honesty, respect, and trust applied frequently in the workplace, they

A
feel less pressure to compromise ethical standards.
B
observe less misconduct.
C
are more satisfied with their organizations overall.
D
feel more valued as employees.
E
All of these.

Most strong organizational climates focus on the value of placing _________ interests first.

A
customers’
B
employees’
C
stockholders’
D
suppliers’
E
distributors’

To be successful, relationships with investors must rest on dependability, ________, and commitment.

A
profits
B
dividends
C
confidence
D
trust
E
code of ethics

The rise of consumerism occurred during the

A
1940s
B
1950s
C
1960s
D
1970s
E
1980s

C
Which of the following is the first step in the ethical decision-making process?

A
Being socialized into the firm’s corporate culture
B
Applying a personal moral philosophy
C
Recognizing that an issue requires an individual or work group to make a choice that ultimately will be judged by stakeholders as right or wrong
D
Soliciting the opinions of others in the work group and the overall business
E
Enforcing the firm’s ethical standards with rewards and punishment

Which of the following is not one of the six “spheres of influence” to which individuals are subject when confronted with an ethical issue?

A
Education
B
Workplace
C
Family
D
Legal system
E
Community

Which statement best describes the relationship between those who believe in external control (externals) and those who believe in internal control (internals)?

A
Externals believe that they control events in their lives by their own effort and skill, while internals believe in going with the flow.
B
Both groups believe in going with the flow.
C
Both groups believe that they are in control of their destinies.
D
Externals believe in going with the flow, while internals believe that they control events in their lives by their own effort and skill.
E
Both groups believe that they control events in their lives by their own effort and skill.

Obedience to authority is part of which of the following components of the ethical decision-making framework?

A
Moral philosophy
B
Cognitive moral development
C
Individual variables
D
Opportunity
E
Superiors

External rewards and internal rewards relate to which part of the ethical decision-making framework?

A
Individual factors
B
Opportunity
C
Cognitive moral development
D
Intentions
E
Significant others