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Ch. 4 QUIZ

Quiz by Marissa Huff

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21 questions
Show answers
  • Q1
    Ethics refer to:
    the obligation of a business to contribute to society.
    social movements that focus on key consumer rights.
    legal codes written in a constitution.
    sets of beliefs about good and bad.
    30s
  • Q2
    Which of the following examples of business conduct is legal but unethical?
    Practicing collusion with competitors
    Providing rock-bottom prices only to distributors in underserved areas
    Paying nonliving wages to workers in developing countries
    Embezzling money
    30s
  • Q3
    According to the universal ethical standards identified by the nonprofit, nonpartisan Character Counts organization, treating others how you'd like to be treated, being considerate, and being tolerant of differences represent the core value of ____. (See exhibit 4.2)
    trustworthiness
    citizenship
    fairness
    respect
    30s
  • Q4
    According to the universal ethical standards identified by the nonprofit, nonpartisan Character Counts organization, providing equal opportunity represents the core value of ____. (see exhibit 4.2)
    respect
    trustworthiness
    responsibility
    fairness
    30s
  • Q5
    In the context of business ethics, which of the following situations best describes an ethical dilemma?
    When a person is forced to choose among bad options
    When a decision appears to be ethical in all senses that one tries to find faults with it
    When a person is forced to choose between a clearly right and a clearly wrong option
    When a person is involved in clear misconduct
    30s
  • Q6
    In the context of ethical individuals, ____ refers to identification with and understanding of another's situation, feelings, and motives.
    personal empathy
    self-flagellating
    true self
    animosity
    30s
  • Q7
    A ____ is a formal, written document that defines the moral standards of an organization and gives employees the information they need to make moral decisions across a range of situations.
    code of ethics
    bench memorandum
    commercial invoice
    tender of performance
    30s
  • Q8
    To bring a code of ethics to life, experts advocate a forceful, integrated approach to ethics. In this context, which of the following steps is essential?
    Integrating ethics into mandatory staff training
    Ensuring that a company's ethics code is local and not global in scope
    Establishing and enforcing strict laws against whistle-blowers
    Preventing top managers from overcommunicating the importance of ethics
    30s
  • Q9
    ___ are employees who report their employer's illegal or unethical behavior to either the authorities or the media.
    Whistle-blowers
    Ombudsmen
    Stool pigeons
    Grandstanders
    30s
  • Q10
    ___ is the obligation of a business to contribute to society.
    Social responsibility
    Social governance
    Social opportunism
    A social audit
    30s
  • Q11
    The starting point for socially responsible employers is to:
    practice collusion.
    meet legal standards.
    determine how to measure the achievements of each worker.
    maintain a clear reporting structure for ethical concerns and grievances.
    30s
  • Q12
    Which of the following consumer rights is referred to when businesses are legally responsible for injuries and damages caused by their products, even if they have no reason to suspect that their products might cause harm?
    The right to be heard
    The right to be informed
    The right to choose
    The right to be safe
    30s
  • Q13
    Socially responsible firms support consumer choice by:
    following the laws that prevent anticompetitive behavior such as monopolies.
    involving consumers when accounting for traditional financial indicators, such as earnings.
    using strategies such as planned obsolescence for the firm's growth.
    being involved in competitive practices such as predatory pricing.
    30s
  • Q14
    ___ is the strategy of deliberately designing products to fail in order to shorten the time between purchases.
    Collusive bidding
    Whistle-blowing
    Planned obsolescence
    Personal cocooning
    30s
  • Q15
    ____ is a federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms.
    The Sarbanes-Oxley Act
    The Glass-Steagall Act
    The Freedom of Information Act
    The Foreign Corrupt Practices Act
    30s

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