Business Ethics Chapter 1 Exam Questions and Correct Answers Latest Update 2024 (Rated A+)
What will happen to a firm found to be in violation if the company had proactively tried to prevent
misconduct from occurring? - Answers Penalties or fines may be reduced.
More than a compliance program, business ethics is becoming - Answers a management issue to achieve
competitive advantage.
Which represented a far-reaching change to organizational control and accounting systems, making
securities fraud a criminal offense? - Answers Sarbanes-Oxley Act.
Investors are concerned about business ethics because they know that misconduct can - Answers lower
stock value and prices.
Most organizations with strong ethical climates usually focus on the core value of placing _____
interests first. - Answers customers'
Every organization has the potential for unethical behavior, even if it is not a business. - Answers True
Business ethics is a part of decision making - Answers at all levels of work and management.
Corporate social responsibility is - Answers an organization's obligation to maximize its positive effects
and minimize its negative effects on stakeholders.
Morals are enduring beliefs and ideals that are socially enforced. - Answers False
Which of the following statements is true about business ethics? - Answers There is no conflict between
profits and business ethics.
Values are - Answers enduring beliefs and ideals that are socially enforced.
Employees' perceptions of their firm as having an ethical climate leads to - Answers enhanced
outcomes.
Why is the public more tolerant of consumer misconduct than business misconduct? - Answers There
are big differences in wealth and success between businesses and consumers.
What happens when society deems a particular business action as wrong or unethical? - Answers
Legislation usually follows.
_____ is essential in building long-term relationships between businesses and consumers. - Answers
Trust
The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation
with government regulation. - Answers Federal Sentencing Guidelines for Organizations
Employees who view their organizational culture as ethical are more likely to - Answers make personal
sacrifices for the organization.
What will happen to a firm found to be in violation if the company had proactively tried to prevent
misconduct from occurring? - Answers Penalties or fines may be reduced.
More than a compliance program, business ethics is becoming - Answers a management issue to achieve
competitive advantage.
Which represented a far-reaching change to organizational control and accounting systems, making
securities fraud a criminal offense? - Answers Sarbanes-Oxley Act.
Investors are concerned about business ethics because they know that misconduct can - Answers lower
stock value and prices.
Most organizations with strong ethical climates usually focus on the core value of placing _____
interests first. - Answers customers'
Every organization has the potential for unethical behavior, even if it is not a business. - Answers True
Business ethics is a part of decision making - Answers at all levels of work and management.
Corporate social responsibility is - Answers an organization's obligation to maximize its positive effects
and minimize its negative effects on stakeholders.
Morals are enduring beliefs and ideals that are socially enforced. - Answers False
Which of the following statements is true about business ethics? - Answers There is no conflict between
profits and business ethics.
Values are - Answers enduring beliefs and ideals that are socially enforced.
Employees' perceptions of their firm as having an ethical climate leads to - Answers enhanced
outcomes.
Why is the public more tolerant of consumer misconduct than business misconduct? - Answers There
are big differences in wealth and success between businesses and consumers.
What happens when society deems a particular business action as wrong or unethical? - Answers
Legislation usually follows.
_____ is essential in building long-term relationships between businesses and consumers. - Answers
Trust
The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation
with government regulation. - Answers Federal Sentencing Guidelines for Organizations
Employees who view their organizational culture as ethical are more likely to - Answers make personal
sacrifices for the organization.
