Business Ethics - Chapter 1 - The Importance of Business Ethics Exam Bank Solution Manual (Rated A+)
Principles are - Answers specific and pervasive boundaries for behavior in general
social responsibility is - Answers an organizational obligation to maximize its positive effects and
minimize its negative effects on stakeholders
The _____ was (were) enacted to restore confidence in financial reporting and business ethics after the
accounting scandals of the early 2000s. - Answers Sarbanes- Oxley Act
The term business ethics is best describes by the following statement - Answers it compromises the
principles and standards that guide behavior in the world of business
Which of the Following is not one of the rights spelled out by John F Kennedy in his "consumers' bill of
rights"? - Answers A. the right to choose
B. the right to safety
c. the right to be informed
**d. the right to be ethical**
e. the right to be heard
Business ethics was acknowledged as a field of study by business academics and practitioners in the: -
Answers 1980s
Business ethics, as a field, has passed through which of the following states? - Answers Theological
discussion to recognition of social issues to a field of study
The rise of consumerism occurred during the - Answers 1960s
Before the 1960s, ethical issues related to business were often discussed - Answers theologically and
philosophically.
Which of the following was developed in the 1980s to guide corporate support for ethical conduct by
establishing a method for discussing best practices? - Answers Defense Industry Initiative on Business
Ethics and Conduct
The ________ focus(es) on firms taking action to prevent and detect business misconduct in cooperation
with
government regulation - Answers Federal Sentencing Guidelines for Organizations
The study of business ethics is important to better understand all of the following
except:
, A.that a person's own moral philosophies and decision-making experience may not be sufficient to guide
him or her in the business world.
B. how and why people make ethical or unethical decisions.
C.how to cope with conflicts between a person's own values and those of the organization in which he
or she works.
D.that business ethics is merely an extension of an individual's own personal ethics.
E. how to identify ethical issues arising in the business world - Answers D.that business ethics is merely
an extension of an individual's own personal ethics.
Individuals' personal ethics play a major role in the evaluation of business decisions only when their
preferences or values - Answers influence their performance in the workplace.
The ability of a business organization to achieve its business goals is directly affected by whether its
behavior is judged to be right or wrong by - Answers society
Having acceptable personal ethics may
not be sufficient to handle complex business ethical issues when an individual has - Answers limited
business experience
The study of business ethics in North America has evolved through distinct stages - Answers five
Which of the following is not generally considered a business ethics issue? - Answers Abortion
Business professors began to teach and write about social responsibility during the: - Answers 1970s
The Foreign Corrupt Practices Act outlawed - Answers bribery of officials in other countries
Which of the following was
not a provision of the Sarbanes-Oxley Act?
a. It stiffened penalties for corporate fraud.
b. It created an accounting oversight board that requires corporations to establish codes of ethics for
financial reporting and to develop greater transparency in financial reports.
c. It requires top executives to sign off on their firms' financial statements.
Principles are - Answers specific and pervasive boundaries for behavior in general
social responsibility is - Answers an organizational obligation to maximize its positive effects and
minimize its negative effects on stakeholders
The _____ was (were) enacted to restore confidence in financial reporting and business ethics after the
accounting scandals of the early 2000s. - Answers Sarbanes- Oxley Act
The term business ethics is best describes by the following statement - Answers it compromises the
principles and standards that guide behavior in the world of business
Which of the Following is not one of the rights spelled out by John F Kennedy in his "consumers' bill of
rights"? - Answers A. the right to choose
B. the right to safety
c. the right to be informed
**d. the right to be ethical**
e. the right to be heard
Business ethics was acknowledged as a field of study by business academics and practitioners in the: -
Answers 1980s
Business ethics, as a field, has passed through which of the following states? - Answers Theological
discussion to recognition of social issues to a field of study
The rise of consumerism occurred during the - Answers 1960s
Before the 1960s, ethical issues related to business were often discussed - Answers theologically and
philosophically.
Which of the following was developed in the 1980s to guide corporate support for ethical conduct by
establishing a method for discussing best practices? - Answers Defense Industry Initiative on Business
Ethics and Conduct
The ________ focus(es) on firms taking action to prevent and detect business misconduct in cooperation
with
government regulation - Answers Federal Sentencing Guidelines for Organizations
The study of business ethics is important to better understand all of the following
except:
, A.that a person's own moral philosophies and decision-making experience may not be sufficient to guide
him or her in the business world.
B. how and why people make ethical or unethical decisions.
C.how to cope with conflicts between a person's own values and those of the organization in which he
or she works.
D.that business ethics is merely an extension of an individual's own personal ethics.
E. how to identify ethical issues arising in the business world - Answers D.that business ethics is merely
an extension of an individual's own personal ethics.
Individuals' personal ethics play a major role in the evaluation of business decisions only when their
preferences or values - Answers influence their performance in the workplace.
The ability of a business organization to achieve its business goals is directly affected by whether its
behavior is judged to be right or wrong by - Answers society
Having acceptable personal ethics may
not be sufficient to handle complex business ethical issues when an individual has - Answers limited
business experience
The study of business ethics in North America has evolved through distinct stages - Answers five
Which of the following is not generally considered a business ethics issue? - Answers Abortion
Business professors began to teach and write about social responsibility during the: - Answers 1970s
The Foreign Corrupt Practices Act outlawed - Answers bribery of officials in other countries
Which of the following was
not a provision of the Sarbanes-Oxley Act?
a. It stiffened penalties for corporate fraud.
b. It created an accounting oversight board that requires corporations to establish codes of ethics for
financial reporting and to develop greater transparency in financial reports.
c. It requires top executives to sign off on their firms' financial statements.
