Business Ethics Test Bank Exam and Solutions Manual
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Business Ethics Ethical Decision Making & Cases, 11thE O. C. Ferrell, John Fraedrich, Linda Ferrell Test Bank |
Business Ethics Ethical Decision Making & Cases, 11thE O. C. Ferrell, John Fraedrich, Linda Ferrell Instructor solution manual |
Business Ethics Ethical Decision Making & Cases, 9th Edition O. C. Ferrell, John Fraedrich, Linda FerrellInstructor Resource Manual +Case Notes+Instructor Notes for Ethical Leadership +Test Bank |
samples:
Business Ethics Ethical Decision Making & Cases, 11thE O. C. Ferrell, John Fraedrich, Linda Ferrell
Test bank
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Chapter 01 The Importance of Business Ethics:
- Multiple Choice
- 1. Principles area.laws and regulations that guide behavior in the world of business.b.mores, values, and customs that guide behavior in general.c.specific and pervasive boundaries for behavior that are universal and absolute.d.the obligations businesses have to maximize their positive impact and minimize their negative impact.e.the mores, values, and customs that parents teach their children.ANSWER:c
- 2. Corporate social responsibility isa.an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.b.principles, values, and norms that primarily guide individual and group behavior in the world of business.c.the institutionalization of business ethics into all levels of business decision making.d.a business's responsibility to manufacture products that function properly.e.charitable contributions made by a business to enhance its reputation with stakeholders.ANSWER:a
- 3. The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.a.Defense Industry Initiative on Business Ethics and Conductb.Sarbanes-Oxley Actc.Federal Sentencing Guidelines for Organizationsd.Foreign Corrupt Practices Acte.Dodd-Frank Wall Street Reform and Consumer Protection ActANSWER:b
- 4. The term business ethics is best described by the following statement:a.It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.b.It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct."c.It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."d.It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.e.It comprises the principles, values, and standards that guide behavior in the world of business.ANSWER:e
- 5. Which of the following is not one of the rights spelled out by John F. Kennedy in his "Consumers' Bill of Rights"?a.The right to chooseb.The right to safetyc.The right to be informedd.The right to be ethicale.The right to be heardANSWER:d
- 6. During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?a.Sarbanes-Oxley Actb.Federal Sentencing Guidelines for Organizationsc.Dodd-Frank Wall Street Reform and Consumer Protection Actd.Foreign Corrupt Practices Acte.UN Global CompactANSWER:b
- 7. Business ethics, as a field, has passed through which of the following states?a.A field of study to theological discussion to recognition of social issuesb.Recognition of social issues to a field of study to theological discussionc.A field of study to recognition of social issues to theological discussiond.Recognition of social issues to theological discussion to a field of studye.Theological discussion to recognition of social issues to a field of studyANSWER:e
- 8. The 1960s saw a rise of consumerism. What is consumerism?a.An increase in consumer rights by individuals, organizations, and governmentsb.The growth of international retail chain stores that served global consumersc.Activities undertaken by independent individuals, groups, and organizations to protect their rights as consumersd.The widespread adoption of consumer-oriented marketing strategies among businessese.The tendency of organizations to view consumers as their most important stakeholderANSWER:c
- 9. Business ethics is a part of decision makinga.at all levels of work and management.b.made primarily by top management.c.that stems from individual moral philosophies.d.that is less important than other decision making processes.e.that is not emphasized in most of today's organizations.ANSWER:a
- 10. Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?a.Federal Sentencing Guidelines for Organizationsb.Defense Industry Initiative on Business Ethics and Conductc.Corporate codes of conductd.United States Sentencing Commissione.The Southern Common MarketANSWER:b
- 11. The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation.a.United States Sentencing Commissionb.Defense Industry Initiative on Business Ethics and Conductc.World Trade Organizationd.United Nations Global Compacte.Federal Sentencing Guidelines for OrganizationsANSWER:e
- 12. Morals...a.are the same as principles and ethics.b.relate to the business's ethical culture.c.are emphasized in business ethics programs.d.relate to you and you alone.e.do not have much influence over individual ethical decision making.ANSWER:d
- 13. Values area.specific and pervasive boundaries for behavior that should not be violated.b.acceptable behavior as defined by the company and industry.c.attempts by businesses to minimize their negative impact on society.d.a person's moral philosophies about what is right or wrong.e.enduring beliefs and ideals that are socially enforced.ANSWER:e
- 14. More than a compliance program, business ethics is becominga.a management issue to achieve competitive advantage.b.a guaranteed way to earn higher financial returns.c.mainly a government regulatory issue.d.an initiative led by nonprofit organizations.e.a program that decreases profits but increases societal benefits.
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