BUSN101 – Chapter 4 Quiz – Flashcards
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One factor causing businesses to vigorously enforce ethical standards is the:
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fear of negative publicity
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Establishing a formal code of ethics is:
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growing in popularity.
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An ethical dilemma refers to a situation where you must
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choose between equally unsatisfactory alternatives
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When Bagel Works employs in-store recycling, composting, and uses nontoxic cleaners, Bagel Works is participating in
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corporate responsibility
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A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.
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compliance
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Some critics of corporate social responsibility view spending money on CSR as:
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stealing from investors.
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Business relationships often present ethical dilemmas that are:
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not easily resolved.
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Ethical behavior at work is learned by:
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Observing the actions of others.
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The danger in writing new laws to correct behavior is that:
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People may begin to think that any behavior that is legal is acceptable.
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A(n) _______ -based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees.
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integrity
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When a firm undertakes corporate social initiatives it is:
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Making donations that are directly related to a firm's corporate competency.
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A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm's accounting records. This employee played the role of a:
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whistleblower.
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Which of the following statements describes ethical behavior in the U.S.?
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We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.
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The first step when facing an ethical dilemma is to ask:
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"Is it legal?"
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The position a firm takes on issues that affect the corporation as well as society is known as its:
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corporate policy
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A whistleblower is a person who
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reports illegal or unethical behavior in the corporation
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The social audit is:
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a company report that measures the firm's social contributions inside and outside of the firm.
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The majority of CEOs blame unethical employee conduct on
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a failure of leadership to establish ethical standards.
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Following an ethics-based approach to decision making will normally lead to higher:
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trust and cooperation.
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Which of the following is a characteristic of an effective ethics officer?
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(S)he has a capacity to serve as a counselor and an investigator.
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Creating competition between employees within the corporation:
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can encourage employees to deceive customers.
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Corporate social responsibility describes the firm's:
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concern for the welfare of society.
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A recent study revealed that most Americans have:
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few moral absolutes.
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In order to avoid insider trading, the SEC (Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner, rather than just to a few persons.
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Regulation FD (Fair Disclosure)
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Ethical behavior will result in which of the following?
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Improved self-esteem - makes us feel good about our decision
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Which of the following is an unresolved ethical issue that surrounds global trade?
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Labor standards
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