BA Final Chapter 2 – Flashcards
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The principles and standards that determine acceptable conduct in business are referred to as:
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Ethics
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Social ______ related to a business's impact on society.
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Responsiblility
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The _______ Act criminalized securities fraud and toughened penalties for corporate fraud.
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Sarbanes-Oxley
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What is considered ethical may differ depending on the _____ in which business operates.
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Industry
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One of the most difficult things for a business to restore after an ethics scandal is:
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Trust
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The Sarbanes-Oxley Act was passed to:
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Helps restore confidence in Corporate America
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Which of the following statements is false?
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Ethical issues are limited to for-profit organizations
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If a manager chooses to act that she benefits financially or otherwise at the expense of her firm, then she:
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Has a conflict of interest
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That business people are expected not to harm clients, etc, is part of:
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Fairness and honesty
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The warning on cigarette packages about the health implications of smoking is an example of which of the following?
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Communications
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If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical there exists an ethical issue related to:
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Business relationships
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Many employees utilize different _______ at work than they do at home.
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Ethical standards
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A large number of ______ cases result in retaliation against the employee, even though the government has tried to take steps to protect workers and to encourage reporting of misconduct.
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Whistleblower
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A set of formalized rules and standards that describe what a company expects of its employees is called:
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Code of ethics
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The act of an employee exposing an employer's wrongdoing to outsiders.
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Whistleblowing
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Codes of ethics foster ethical behavior by:
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Limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards.
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Unethical behavior in business can be reduced if management does all of the following except:
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Depend totally on employees' personal ethics.
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Which of the following should help reduce the incidence of unethical behavior in an organization?
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Understanding that individual moral standards, the influence of managers and coworkers, and opportunity influence ethical behavior.
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Extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders.
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Corporate Citizenship
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Avoiding misconduct and doing what is right, just, and fair relates to a business's:
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Ethical responsiblity
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Which is NOT a dimension of social responsibility?
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Philosophic
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Activities that independent individuals groups and organizations undertake to protect their rights as consumers:
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Consumerism
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JFK's consumer bill or rights outlined the four rights: the right to choose, be informed, be heard, and:
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Saftey
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Laws regarding the safety in the workplace are enforced by:
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Occupational Safety and Health Administration
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One role the FTC's Bureau of Consumer Protection is to protect consumers from:
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Fraud
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The ____ gives consumers the freedom to review complete information about the products they are buying.
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Right to be informed
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A major social responsibility for businesses is providing _____ for all employees.
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Equal opportunities
