BMAL 590 BUSINESS ETHICS UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

BMAL 590 BUSINESS ETHICS UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. The study of business ethics is important to better understand all of the following EXCEPT
Answer:
That business ethics is merely an extension of an individual's own personal ethics

Question:
2. Social responsibility is
Answer:
An organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders

Question:
3. Which of the following was (were) developed in 1980s to encourage corporate support for ethical
conduct by establishing a method for discussing "best practices?"
Answer:
Defense Industry Initiative on Business Ethics and Conduct

Question:
4. The ________ was (were) enacted to restore confidence in financial reporting and business ethics after
the accounting scandals of the early 2000s
Answer:
Sarbanes-Oxley Act

Question:
5. In the history of business ethics, the 1990s can be best described as a time when business ethics was
Answer:
Institutionalized

Question:
6. Which one of the following is not one of the rewards for being ethical and socially responsible in
business?
Answer:
Greater employee turnover

Question:
7. When employees see honesty, respect, and trust applied frequently in the workplace, they
Answer:
All of these

Question:
8. Most strong organizational climates focus on the value of placing ________ interests first

, Answer:
customers'

Question:
9. To be successful, relationships with investors must rest on dependability, _________, and commitment
Answer:
Trust

Question:
10. The rise of consumerism occurred during the
Answer:
1960s

Question:
11. Which of the following is the first step in the ethical decision-making process?
Answer:
Recognizing that an issue requires an individual or work group to make a choice that ultimately will be
judged by stakeholders as right or wrong

Question:
12. Which of the following is not one of six "spheres of influence" to which individuals are subject when
confronted with an ethical issue?
Answer:
Education

Question:
13. Which statement best describes the relationship between those who believe in external control
(externals) and those who believe in internal control (internals)?
Answer:
Externals believe in going with the flow, while internals believe that they control events in their lives by
their own effort and skill

Question:
14. Obedience to authority is part of which of the following components of the ethical decision-making
framework?
Answer:
Superiors

Question:
15. External rewards and internal rewards relate to which part of the ethical decision-making framework?
Answer:
Opportunity

Question:
16. It is impossible to agree on __________ judgments about what is ethical
Answer:
Normative