Bus Ethics 8 – Flashcards

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question
All of the following are responsibilities of ethics officers EXCEPT: a. assessing the needs and risks that an organization-wide ethics program must cover b. developing and distributing a code of conduct or ethics c. conducting training programs for employees d. making sure that the company is in compliance with government regulations e. making ethical decisions on behalf of managers and the board of directors so that they do not have to think about ethical issues
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e. making ethical decisions on behalf of managers and the board of directors so that they do not have to think about ethical issues
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To be effective, ethics training first must start with a foundation that includes
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a code of ethics
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Keys to successful ethics training include all but: a. helping employees identify the ethical dimensions of a business decision. b. giving employees a means to address ethical issues. c. leaving clear opportunities for employees to engage in unethical behaviors. d. helping employees understand the ambiguity inherent in ethical situations. . e. providing direction for finding managers or others who can assist in ethical conflict resolution.
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c. leaving clear opportunities for employees to engage in unethical behaviors.
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Programs designed to foster ethical behavior are more controversial today because unethical and illegal business conduct continues to occur, even in organizations that have implemented the programs. T/F
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True
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All of the following are responsibilities of an ethics officer EXCEPT: a. making government laws related to business ethics b. assessing the needs and risks that an organization-wide ethics program must address c. developing and distributing a code of conduct or code of ethics d. conducting training programs for employees e. monitoring and auditing ethical conduct
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a. making government laws related to business ethics
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Fostering ethical decisions within an organization requires eliminating unethical persons and
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improving the firm's ethical standards.
question
All of the following are responsibilities of ethics officers EXCEPT: a. assessing the needs and risks that an organization-wide ethics program must cover b. developing and distributing a code of conduct or ethics c. conducting training programs for employees d. making sure that the company is in compliance with government regulations e. making ethical decisions on behalf of managers and the board of directors so that they do not have to think about ethical issues
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e. making ethical decisions on behalf of managers and the board of directors so that they do not have to think about ethical issues
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Which of the following is NOT a responsibility of an ethics officer? a. Coordinating the ethical compliance program with top management, the board of directors, and senior management b. Developing, revising, and disseminating a code of ethics c. Developing effective communication of ethical standards d. Establishing audit and control systems to determine the effectiveness of the program e. Developing and implementing marketing strategy
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e. Developing and implementing marketing strategy
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What did the Sarbanes-Oxley Act put more pressure on ethics officers to monitor?
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Financial Reporting
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The FSGO utilizes a "carrot and stick" philosophy to encourage organizational compliance. What is the ultimate "stick" the FSGO uses?
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being fined and put on probation.
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Keys to successful ethics training include all but: a. helping employees identify the ethical dimensions of a business decision. b. giving employees a means to address ethical issues. c. leaving clear opportunities for employees to engage in unethical behaviors. d. helping employees understand the ambiguity inherent in ethical situations. e. providing direction for finding managers or others who can assist in ethical conflict resolution.
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c. leaving clear opportunities for employees to engage in unethical behaviors.
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Codes of conduct and codes of ethics
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are formal statements that describe what an organization expects of its employees.
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What do values orientation strives to develop?
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Shared values
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A compliance program should be deemed effective if it addresses the seven minimum requirements for ethical compliance programs. T/F
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False
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The accountability and responsibility for appropriate business conduct rests with top management. T/F
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True
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Ethical compliance can be measured by observing employees as well as through investigating and reporting mechanisms. T/F
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True
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The key goal of ehics training is to help employees identify ethical issues. T/F
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False
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An ethical compliance audits is designed to determine the effectiveness of ethics initiatives. T/F
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True
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Minimum Requirements for Ethics Program ( 7 Things )
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1. Standards and procedures (code of ethics) 2. High-level personnel (responsible for program) 3. Discretionary authority (leadership is ethical) 4. Communicated effectively (ethics training) 5. Monitor, audit and report misconduct 6. Consistent enforcement 7. Continuous improvement
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Strong Ethical Program has? ( 5 Things )
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• Written code of conduct • Ethics officer to oversee the program • Careful delegation of authority • Formal ethics training • Rigorous auditing, monitoring, enforcement, revision of program standards.
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formal statements that describe what an organization expects of its employees
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Codes of Conduct
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most comprehensive and consists of general statements, sometimes altruistic or inspirational, that serve as principles and as the basis or rules of conduct.
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Code of ethics
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