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,aremoresatisfiedwith