, CHAPTERlo1:l o ANloOVERVIEWloOFloETHICS
1. Anloorganization’slomissionlostatementlohighlightsloitslokeyloethicalloissuesloandloidentifieslothelooverarch
inglovaluesloandloprincipleslothatloareloimportantlotolotheloorganizationloandloitslodecisionlomaki
ng.
a. True
b. False
ANSWER:l o False
2. Linelooperationslopersonnellocanlobeloappointedloaslocorporateloethicsloofficers.
a. True
b. False
ANSWER:l o True
3. Inloalononprofitloorganization,lotheloboardlooflodirectorsloreportslotolothelolocallocommunitylothatloitloserves.
a. True
b. False
ANSWER:l o True
4. Consistencylomeanslothatloshareholders,locustomers,losuppliers,loandlothelocommunityloknowlowhatlotheyloc
anloexpectloofloanloorganization—
thatloitlowilllobehaveloinlothelofuturelomuchloasloitlohasloinlothelopast.
a. True
b. False
ANSWER:l o True
5. Thelogreaterlorelianceloofloinformationlosystemsloinloallloaspectslooflolifelohaslodecreasedlothelorisklothatloinfo
rmationlotechnologylowilllobelousedlounethically.
a. True
b. False
ANSWER:l o False
6. Increasingly,lomanagersloareloincludingloethicalloconductloaslopartloofloanloemployee’sloperformanceloappraisal.
a. True
b. False
ANSWER:l o True
7. Employeeslomaylosuppresslotheirlotendencylotoloactloinloalomannerlothatloseemsloethicallotolothemloandloin
steadloactloinloalomannerlothatlowillloprotectlothemloagainstloanticipatedlopunishment.
a. True
b. False
ANSWER:l o True
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.
, Chapterlo1:l o AnloOverviewloofl
oEthics
8. Thelotermlomoralityloreferslotolosocialloconventionsloaboutlorightloandlowronglothatloarelosolowidelylosharedlot
hatlotheylobecomelothelobasisloforloanloestablishedloconsensus.
a. True
b. False
ANSWER:l o True
9. Lawslocanloproclaimloanloactloaslolegal,loalthoughlomanylopeoplelomayloconsiderlotheloactloimmoral.
a. True
b. False
ANSWER:l o True
10. Fairnessloandlogenerosityloareloexampleslooflovirtues.
a. True
b. False
ANSWER:l o True
11. LawrenceloKohlberglofoundlothatlothelomostlocruciallofactorlothatlostimulatesloaloperson’slomorallodevelop
mentloislomonetarylorewardloforlogoodlobehavior.
a. True
b. False
ANSWER:l o False
12. Multinationalloandlogloballoorganizationslomustlonotlopresentloaloconsistentlofacelotolotheirloshareholders,lo
customers,loandlosupplierslobutloinsteadlomustlooperatelowithloalodifferentlovaluelosystemloinloeachloco
untrylotheylodolobusinessloin.
a. True
b. False
ANSWER:l o False
13. Legalloactsloconformlotolowhatloanloindividuallobelieveslotolobelothelorightlothinglotolodo.
a. True
b. False
ANSWER:l o False
14. Ethicslohaslorisenlotolothelotoplooflothelobusinessloagendalobecauselorisksloassociatedlowithloinappropr
iatelobehaviorlohaveloincreased,lobothloinlotheirlolikelihoodloandloinlotheirlopotentiallonegativeloimpact.
a. True
b. False
ANSWER:l o True
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.
, Chapterlo1:l o AnloOverviewloofl
oEthics
15. Settinglocorporatelosocialloresponsibilitylo(CSR)logoalsloencouragesloanloorganizationlotoloachievelohigherlomo
ralloandloethicallostandards.
a. True
b. False
ANSWER:l o True
16. Thelofairnessloapproachlotoloethicallodecisionlomakinglostateslothatlooneloshouldlochooselotheloactionloorlopoli
cylothatlohaslothelobestlooverallloconsequencesloforloalllopeoplelowholoarelodirectlyloorloindirectlyloaffected.
a. True
b. False
ANSWER:l o False
17. Theloboardlooflodirectorsloofloanloorganizationloislonormallyloresponsibleloforloday-to-
daylomanagementloandlooperationslooflotheloorganization.
a. True
b. False
ANSWER:l o False
18. Anloindividual’slomanagerlohasloverylolittleloimpactloonlohisloorloherloethicallobehavior.
a. True
b. False
ANSWER:l o False
19. Inlothelobusinessloworld,loimportantlodecisionsloarelotoolooftenloleftlotolothelotechnicalloexperts;logenerallo
businesslomanagerslomustloassumelogreaterloresponsibilityloforlotheselodecisions.
a. True
b. False
ANSWER:l o True
20. ThelogoallooflotheloSarbanesOxleyloActlowaslotolorenewloinvestor’slotrustloinlocorporateloexecutivesloandlot
heirlofirm’slofinancialloreportslofollowinglonumerouslofinancialloscandalsloinlotheloearlylo2000s.
a. True
b. False
ANSWER:l o True
21. Individualloviewsloonlowhatloislomoralloarelosolostronglyloheldlothatlothereloislonearlylouniversalloag
reementloinlospitelooflodifferencesloinloage,loculturallogroup,loethniclobackground,loreligion,lolifeloe
xperience,loeducation,loandlogender.
a. True
b. False
ANSWER:l o False
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.
1. Anloorganization’slomissionlostatementlohighlightsloitslokeyloethicalloissuesloandloidentifieslothelooverarch
inglovaluesloandloprincipleslothatloareloimportantlotolotheloorganizationloandloitslodecisionlomaki
ng.
a. True
b. False
ANSWER:l o False
2. Linelooperationslopersonnellocanlobeloappointedloaslocorporateloethicsloofficers.
a. True
b. False
ANSWER:l o True
3. Inloalononprofitloorganization,lotheloboardlooflodirectorsloreportslotolothelolocallocommunitylothatloitloserves.
a. True
b. False
ANSWER:l o True
4. Consistencylomeanslothatloshareholders,locustomers,losuppliers,loandlothelocommunityloknowlowhatlotheyloc
anloexpectloofloanloorganization—
thatloitlowilllobehaveloinlothelofuturelomuchloasloitlohasloinlothelopast.
a. True
b. False
ANSWER:l o True
5. Thelogreaterlorelianceloofloinformationlosystemsloinloallloaspectslooflolifelohaslodecreasedlothelorisklothatloinfo
rmationlotechnologylowilllobelousedlounethically.
a. True
b. False
ANSWER:l o False
6. Increasingly,lomanagersloareloincludingloethicalloconductloaslopartloofloanloemployee’sloperformanceloappraisal.
a. True
b. False
ANSWER:l o True
7. Employeeslomaylosuppresslotheirlotendencylotoloactloinloalomannerlothatloseemsloethicallotolothemloandloin
steadloactloinloalomannerlothatlowillloprotectlothemloagainstloanticipatedlopunishment.
a. True
b. False
ANSWER:l o True
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.
, Chapterlo1:l o AnloOverviewloofl
oEthics
8. Thelotermlomoralityloreferslotolosocialloconventionsloaboutlorightloandlowronglothatloarelosolowidelylosharedlot
hatlotheylobecomelothelobasisloforloanloestablishedloconsensus.
a. True
b. False
ANSWER:l o True
9. Lawslocanloproclaimloanloactloaslolegal,loalthoughlomanylopeoplelomayloconsiderlotheloactloimmoral.
a. True
b. False
ANSWER:l o True
10. Fairnessloandlogenerosityloareloexampleslooflovirtues.
a. True
b. False
ANSWER:l o True
11. LawrenceloKohlberglofoundlothatlothelomostlocruciallofactorlothatlostimulatesloaloperson’slomorallodevelop
mentloislomonetarylorewardloforlogoodlobehavior.
a. True
b. False
ANSWER:l o False
12. Multinationalloandlogloballoorganizationslomustlonotlopresentloaloconsistentlofacelotolotheirloshareholders,lo
customers,loandlosupplierslobutloinsteadlomustlooperatelowithloalodifferentlovaluelosystemloinloeachloco
untrylotheylodolobusinessloin.
a. True
b. False
ANSWER:l o False
13. Legalloactsloconformlotolowhatloanloindividuallobelieveslotolobelothelorightlothinglotolodo.
a. True
b. False
ANSWER:l o False
14. Ethicslohaslorisenlotolothelotoplooflothelobusinessloagendalobecauselorisksloassociatedlowithloinappropr
iatelobehaviorlohaveloincreased,lobothloinlotheirlolikelihoodloandloinlotheirlopotentiallonegativeloimpact.
a. True
b. False
ANSWER:l o True
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.
, Chapterlo1:l o AnloOverviewloofl
oEthics
15. Settinglocorporatelosocialloresponsibilitylo(CSR)logoalsloencouragesloanloorganizationlotoloachievelohigherlomo
ralloandloethicallostandards.
a. True
b. False
ANSWER:l o True
16. Thelofairnessloapproachlotoloethicallodecisionlomakinglostateslothatlooneloshouldlochooselotheloactionloorlopoli
cylothatlohaslothelobestlooverallloconsequencesloforloalllopeoplelowholoarelodirectlyloorloindirectlyloaffected.
a. True
b. False
ANSWER:l o False
17. Theloboardlooflodirectorsloofloanloorganizationloislonormallyloresponsibleloforloday-to-
daylomanagementloandlooperationslooflotheloorganization.
a. True
b. False
ANSWER:l o False
18. Anloindividual’slomanagerlohasloverylolittleloimpactloonlohisloorloherloethicallobehavior.
a. True
b. False
ANSWER:l o False
19. Inlothelobusinessloworld,loimportantlodecisionsloarelotoolooftenloleftlotolothelotechnicalloexperts;logenerallo
businesslomanagerslomustloassumelogreaterloresponsibilityloforlotheselodecisions.
a. True
b. False
ANSWER:l o True
20. ThelogoallooflotheloSarbanesOxleyloActlowaslotolorenewloinvestor’slotrustloinlocorporateloexecutivesloandlot
heirlofirm’slofinancialloreportslofollowinglonumerouslofinancialloscandalsloinlotheloearlylo2000s.
a. True
b. False
ANSWER:l o True
21. Individualloviewsloonlowhatloislomoralloarelosolostronglyloheldlothatlothereloislonearlylouniversalloag
reementloinlospitelooflodifferencesloinloage,loculturallogroup,loethniclobackground,loreligion,lolifeloe
xperience,loeducation,loandlogender.
a. True
b. False
ANSWER:l o False
©lo2015loCengageloLearning.loAllloRightsloReserved.loMaylonotlobeloscanned,locopiedloorloduplicated,loorlopostedlotoloalopubliclyloaccessiblelowe
bsite,loinlowholeloorloinlopart.