HRM 522 Week 5 Midterm Exam – Strayer NEW

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Chapters 1 Through 6

Chapter 1

1.Principlesare

a.lawsandregulationsthatguidebehaviorinthe worldofbusiness. b.mores,values,andcustomsthatguidebehavioringeneral.

c.specificandpervasiveboundariesforbehaviorthatareuniversalandabsolute.

d.theobligationsbusinessesassumeto maximizetheirpositiveimpactandminimizetheirnegativeimpacton stakeholders.

e.themores,values,andcustomsthatparentsteachtheirchildren.

2.Social responsibilityis

a.anorganization'sobligationtomaximizeitspositiveeffectsand minimizeitsnegativeeffectsonstakeholders. b.principlesandstandardsthatguidebehaviorinthe worldofbusiness.

c.abusiness'sresponsibilitynotto pollutetheenvironment.

d.a business'sresponsibilitytomanufactureproductsthatfunctionproperly. e.charitablecontributionsmadeby abusinesstoenhanceits image.

3.The

was/wereenactedtorestoreconfidenceinfinancialreportingandbusinessethicsaftertheaccounting

scandalsoftheearly2000s.

a.DefenseIndustryInitiativeon BusinessEthicsandConduct b.Sarbanes-OxleyAct

c.FederalSentencingGuidelinesforOrganizations d.ForeignCorruptPracticesAct

e.Dodd-FrankWallStreetReformandConsumerProtectionAct

4.Thetermbusinessethicsisbestdescribedbythe followingstatement:

a.Itisthestudyand philosophyofhumanconduct,withanemphasisondeterminingrightand wrong.

b.Itisan"inquiryintothe natureandgroundsofmoralitywherethe termmoralityistakentomeanmoral judgments,standardsandrulesofconduct."

c.Itisthe"studyof thegeneralnatureof moralsandof specificmoralchoices;moralphilosophy;andtherules orstandardsgoverningtheconductofthemembersofaprofession."

d.Itisanorganization'sobligationtomaximizeitspositiveeffectsand minimizeitsnegativeeffectson stakeholders.

e.Itcomprisesthe principles,values,andstandardsthatguidebehaviorinthe worldofbusiness.

5.Whichofthefollowingis notone oftherightsspelledout byJohnF.Kennedyinhis"Consumers'BillofRights"?

a.Therighttochoose b.Therightto safety

c.Therighttobeinformed d.Therighttobeethical

e.Therightto beheard

6.Duringthe1990stheinstitutionalizationofbusinessethicswas largelydrivenbywhichpieceoflegislation?

a.Sarbanes-OxleyAct

b.FederalSentencingGuidelinesforOrganizations

c.Dodd-FrankWallStreetReformandConsumerProtectionAct d.ForeignCorruptPracticesAct

e.Global SullivanPrinciples

7.Businessethics,asafield,haspassedthroughwhichofthefollowingstates?

a.Afieldofstudytotheologicaldiscussiontorecognitionofsocialissues b.Recognitionofsocialissuestoa fieldofstudytotheologicaldiscussion c.Afieldofstudytorecognitionofsocialissuestotheologicaldiscussion d.Recognitionofsocialissuestotheologicaldiscussiontoa fieldofstudy e.Theologicaldiscussiontorecognitionofsocialissuestoa fieldofstudy

8.The1960ssawariseofconsumerism.Whatis consumerism?

a.An increaseinconsumerrightsbyorganizationsandgovernments b.Thegrowthofinternationalretailchainstores

c.Activitiesundertakenbyindependentindividuals,and groupsto protecttheirrightsasconsumers d.Thewidespreadadoptionof consumerorientedmarketingstrategiesamongbusinesses

e.Organizations’tendencytoseekwaystotakeadvantageofconsumers

9.Ethicsisa partofdecisionmaking

a.atall levelsof workandmanagement.

b.primarilyatthe uppermanagementlevelsofanorganization. c.mostlyforpolicymakers.

d.thatislessimportantthanotherdecisionmakingprocesses. e.onlyatthatlowerlevelsoforganizationalmanagement.

10.Whichofthe followingwasdevelopedinthe 1980stoguidecorporatesupportfor ethicalconductbyestablishinga methodfordiscussingbestpractices?

a.FederalSentencingGuidelinesforOrganizations

b.DefenseIndustryInitiativeon BusinessEthicsandConduct c.Corporatecodesofconduct

d.UnitedStatesSentencingCommission e.MERCOSUR

11.The

focus(es)onfirmstakingactionto preventanddetectbusinessmisconductin cooperationwith

governmentregulation.

a.UnitedStatesSentencingCommission

b.DefenseIndustryInitiativeon BusinessEthicsandConduct c.WorldTradeOrganization

d.UnitedNationsGlobalCompact

e.FederalSentencingGuidelinesforOrganizations

12.Thestudyofbusinessethicsisimportanttobetterunderstandallofthe followingexcept

a.thata person'sownmoralphilosophiesanddecision-makingexperiencemaynotbesufficienttoguidehimor herinthebusinessworld.

b.howandwhypeoplemakeethicalorunethicaldecisions.

c.howto copewithconflictsbetweenaperson'sownvaluesandthoseoftheorganizationin whichheorshe works.

d.thatbusinessethicsisentirelyanextensionofanindividual'sownpersonalethics. e.howtoidentifyethicalissuesarisinginthebusinessworld.

13.Accordingto theroleofethicalculturein performance,allofthesearedriversofprofitexcept

a.trust.

b.investorloyalty.

c.employeecommitment. d.customersatisfaction.

e.opportunityformisconduct.

14.Morethana complianceprogram,businessethicsisbecoming a.amanagementissueto achievecompetitiveadvantage.

b.lessacceptedbysociety.

c.mainlyagovernmentregulatoryissue.

d.an initiativeledby nonprofitorganizations.

e.aprogramthatdecreasesprofitsbutincreasessocietalbenefits.

15.Havingacceptablepersonalethicsisprobablynotgoingto besufficientto handlecomplexbusinessethicalissues whenanindividualhas

a.familyconcerns. b.an unethicalboss.

c.limitedbusinessexperience. d.financialtraining.

e.a marketingbackground.

16.OneofthemajorethicalissuesPresidentObama’sadministrationfocusedonwas

a.decreasingenvironmentallegislation. b.deregulation.

c.taxdecreases.

d.incentivesto oilcompanies.

e.healthcareandconsumerprotection.

17.Whichof thefollowingisgenerallynotconsidereda businessethicsissue?

a.Harassment

b.Accountingfraud c.Employeetheft

d.Misuseoforganizationalresources e.Corporatehierarchy

18.Whichrepresenteda far-reachingchangetoorganizationalcontrolandaccountingsystems,makingsecuritiesfrauda criminaloffense?

a.CouncilonEconomicPrioritiesandSocialAccountability8000. b.Sarbanes-OxleyAct.

c.ConsumerProtectionAct.

d.DefenseIndustryInitiativeon BusinessEthicsandConduct.

e.Dodd-FrankWallStreetReformandConsumerProtectionAct.

19.TheForeignCorruptPracticesActoutlawed a.accountingfraud.

b.pricecollusion.

c.corruptioningovernment.

d.briberyofofficialsin othercountries. e.executivemisconduct.

20.WhichofthefollowingwasnotaprovisionoftheSarbanes-OxleyAct?

a.Itstiffenedpenaltiesforcorporatefraud.

b.It createdanaccountingoversightboardthatrequirescorporationsto establishcodesofethicsforfinancial reporting.

c.Itrequiredtopexecutivestosignoffon theirfirms'financialstatements. d.Itoutlawedbriberyofofficialsinothercountries.

e.Itmadesecuritiesfrauda criminaloffense.

21.Whichofthefollowingis notcitedas an exampleof a globalcollaborativeefforttoestablishstandardsof business conduct?

a.CouncilonEconomicPriorities'SocialAccountability8000 b.EthicalTradingInitiative

c.U.S.ApparelIndustryPartnership

d.UnitedStatesSentencingCommission e.WorldTradeOrganization

22.Becauseof Sarbanes-Oxley,publiclytradedcompaniesmustdevelop financialreporting.

a.ethicsofficers

b.ethicsprograms c.codesofethics d.legalcounsel

e.accountants

toassistinmaintainingtransparencyin

23. isessentialinbuildinglong-termrelationshipsbetweenbusinessesandconsumers. a.Profits

b.Dividends c.Trust

d.Hubris

e.Codesofethics

24.TheDodd-FrankWallStreetReformandConsumerProtectionAct a.wasverypopularamongWallStreetbankers.

b.representedonlymodestreform.

c.cameout oftheologicaldiscussionsin the1920s.

d.wasdesignedtomakethefinancialservicesindustrymoreresponsible. e.madeitmandatoryforpubliccorporationstohireethicsofficers.

25.IntheReagan/Busheras,themajorfocusofthebusinessworldwason a.self-regulationratherthanregulationbygovernment.

b.decreasingthenumberofmergers.

c.decreasingthemultinationalpresencein theU.S.marketplace. d.increasinggovernmentinfluenceon theeconomicarena.

e.improvingbusinessethics.

26.Thesixprinciplesof theDefenseIndustryInitiativeon BusinessEthicsandConductbecamethefoundationfor a.BetterBusinessBureauethicalguidelines.

b.theFederalSentencingGuidelinesforOrganizations. c.theEthicalTradingInitiative.

d.the FederalTradeCommissioncompliancerequirements. e.theSarbanes-OxleyAct.

27.Ethicalcultureisdefinedas

a.rules,standards,and moralprinciplesregardingwhatis rightorwrongin specificsituations. b.theestablishmentandenforcementof ethicalcodesthroughouttheorganization.

c.thedevelopmentofrulesandnormsthataresociallyenforced.

d.the codificationoflawstorewardorganizationsfor takingactiontopreventmisconduct. e.acceptablebehaviorasdefinedbythecompanyandindustry.

28.TheFederalSentencingGuidelinesfor Organizationsset the tonefor organizationalethicscomplianceprogramsby a.codifyingintolaw incentivesfororganizationstotakeactionsuchasdevelopingethicalcomplianceprograms

topreventmisconduct.

b.forcingallorganizationstodevelopmandatoryreportingsystems.

c.eliminatingmostofthefederallegislationthatcreatedinefficientand time-consumingactivitiesforbusinesses. d.providingastudyof moralphilosophies.

e.providinganexaminationofcompanycodesofethics.

29.WhichofthefollowingstatementsabouttheFederalSentencingGuidelinesforOrganizationsisfalse?

a.Theyusearoutinemechanicalapproachthatforcesallfirmstousethesamemeanstoavertserious penalties.

b.Theystrivetopreventmisconduct.

c.Theyencouragecompaniesto developstandardsandprocedurescapableofdetectingandpreventing misconduct.

d.Theyutilizea carrotandstickapproachbytakingpreventiveactionagainstmisconduct.

e.Theyencouragethe appointmentofhigh-levelpersonnelresponsiblefor oversightofthe complianceprogram.

30.Whichofthefollowingis notoneofthe benefitsofbeingethicalandsociallyresponsibleinbusiness?

a.Greateremployeecommitment

b.Ahighdegreeof employeedissent

c.Improvedcustomertrustandsatisfaction d.Increasedinvestorloyalty

e.Betterfinancialperformance

31.Employees'perceptionsof theirfirmas havingan ethicalclimateleadsto a.lackoffocusongoals.

b.greaterfocusoneducation.

c.increasedcommunityinvolvement.

d.improvedrelationshipswith competitors. e.enhancedperformance.

32.Employeesfeellesspressuretocompromiseethically,observelessmisconduct,aremoresatisfiedwiththeir organizations,andfeelmorevaluedwhen

a.theyarenewattheirjobs.

b.theyarepaidtoignoreproblemsintheworkplace. c.theydo notagreewithan organization’svalues.

d.theyhaveveryhighcompensation.

e.theyseehonesty,respect,andtrustappliedin theworkplace.

33.Investorsareconcernedaboutbusinessethicsbecausetheyknowthatmisconductcan a.fosterstability.

b.improveemployeecommitment. c.improvecustomerloyalty.

d.lowerstockvalueandprices.

e.complicatebusinessfinancialreporting.

34.Mostorganizationswithstrongethicalclimatesusuallyfocuson thecorevalueof placing           interestsfirst. a.customers'

b.employees'

c.stockholders' d.suppliers'

e.distributors'

35.Whichofthefollowingis notsomethinga firmmightdotoencourageorganizationalethicsand compliance?

a.Employeeethicstraining

b.Hiringa complianceofficer

c.Ignoringpotentialethicalissues d.Writingacodeof ethics

e.Conductinganethicsand complianceaudit.

36.Howdoesethicscontributeto customersatisfaction?

37.Discusstheevolutionofbusinessethicsasafieldofstudyfrombefore1960to thepresent.

38.Whyisit importantthatbusinesspeoplestudybusinessethics?

39.Wealllearnvaluesfromsourcessuchasfamily,religion,andschool.Whymightthesesourcesofindividualvalues not proveveryhelpfulwhenmakingcomplexbusinessdecisions?

40.Discussthecurrentstateofbusinessethicsinthetwenty-firstcentury.

41.Howdo valuesandjudgmentsplayacriticalrolewhenwemakeethicaldecisions?