MNGT 482 FINAL EXAM PREP
QUESTIONS CORRECTLY ANSWERED.
A conception of right and wrong is:
A. Impossible to know.
B. The definition of ethics.
C. Determined by power.
D. Based on stakeholder dialogue. - CORRECT ANSWER B. The definition of ethics.
People's ethical beliefs come from:
A. Legislative action and judicial decisions.
B. Reading the company's profit and loss statements.
C. Their religious background, family, and education.
D. The organization's code of ethics. - CORRECT ANSWER C. Their religious background, family, and
education.
People everywhere depend on ethical systems to tell them whether their actions are:
A. Legal or illegal.
B. Right or wrong.
C. Financially attainable or not.
D. Logical and reasonable judgment. - CORRECT ANSWER B. Right or wrong.
Businesses are expected to be ethical in their relationships with:
A. Stockholders.
,B. Customers.
C. Competitors.
D. All of the above. - CORRECT ANSWER D. All of the above.
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program,
corporate executives found guilty of criminal activity may have their sentence:
A. Increased.
B. Reduced.
C. Unaffected.
D. Decided by the company. - CORRECT ANSWER B. Reduced.
The Sarbanes-Oxley Act:
A. Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B. Does not hold auditing firms liable for their client's inaccurate account reporting.
C. Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D. Allows an auditing firm from providing the same client with non-auditing services. - CORRECT
ANSWER C. Requires executives to pay back bonuses based on earnings that are later proved
fraudulent.
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act
outweighed its costs?
A. 12%
B. 33%
C. 55%
D. 70% - CORRECT ANSWER D. 70%
Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?
, A. Legally marketing a pesticide abroad that has been banned in the U.S.
B. Circumventing government regulations to ensure company profits.
C. Hiring child workers in violation of civil law.
D. False and misleading advertising claims. - CORRECT ANSWER A. Legally marketing a pesticide abroad
that has been banned in the U.S.
As business becomes increasingly global:
A. It must turn to national laws for guidance.
B. Ethical issues become issues of free trade.
C. A global code of conduct will emerge for businesses.
D. Cross-cultural contradictions will increase. - CORRECT ANSWER D. Cross-cultural contradictions will
increase.
Scholars found that spirituality:
A. Negatively affects employee and organizational performance.
B. Positively affects employee and organizational performance.
C. Has no affect on employee and organizational performance.
D. Only affects the employee performance of not for profit organizations. - CORRECT ANSWER B.
Positively affects employee and organizational performance.
As an additional employee benefit to promote spirituality, companies have begun to provide employees
with the services of:
A. Philosophers.
B. Chaplains.
C. Financial advisors.
D. Ombudspersons. - CORRECT ANSWER B. Chaplains.
QUESTIONS CORRECTLY ANSWERED.
A conception of right and wrong is:
A. Impossible to know.
B. The definition of ethics.
C. Determined by power.
D. Based on stakeholder dialogue. - CORRECT ANSWER B. The definition of ethics.
People's ethical beliefs come from:
A. Legislative action and judicial decisions.
B. Reading the company's profit and loss statements.
C. Their religious background, family, and education.
D. The organization's code of ethics. - CORRECT ANSWER C. Their religious background, family, and
education.
People everywhere depend on ethical systems to tell them whether their actions are:
A. Legal or illegal.
B. Right or wrong.
C. Financially attainable or not.
D. Logical and reasonable judgment. - CORRECT ANSWER B. Right or wrong.
Businesses are expected to be ethical in their relationships with:
A. Stockholders.
,B. Customers.
C. Competitors.
D. All of the above. - CORRECT ANSWER D. All of the above.
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program,
corporate executives found guilty of criminal activity may have their sentence:
A. Increased.
B. Reduced.
C. Unaffected.
D. Decided by the company. - CORRECT ANSWER B. Reduced.
The Sarbanes-Oxley Act:
A. Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B. Does not hold auditing firms liable for their client's inaccurate account reporting.
C. Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D. Allows an auditing firm from providing the same client with non-auditing services. - CORRECT
ANSWER C. Requires executives to pay back bonuses based on earnings that are later proved
fraudulent.
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act
outweighed its costs?
A. 12%
B. 33%
C. 55%
D. 70% - CORRECT ANSWER D. 70%
Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?
, A. Legally marketing a pesticide abroad that has been banned in the U.S.
B. Circumventing government regulations to ensure company profits.
C. Hiring child workers in violation of civil law.
D. False and misleading advertising claims. - CORRECT ANSWER A. Legally marketing a pesticide abroad
that has been banned in the U.S.
As business becomes increasingly global:
A. It must turn to national laws for guidance.
B. Ethical issues become issues of free trade.
C. A global code of conduct will emerge for businesses.
D. Cross-cultural contradictions will increase. - CORRECT ANSWER D. Cross-cultural contradictions will
increase.
Scholars found that spirituality:
A. Negatively affects employee and organizational performance.
B. Positively affects employee and organizational performance.
C. Has no affect on employee and organizational performance.
D. Only affects the employee performance of not for profit organizations. - CORRECT ANSWER B.
Positively affects employee and organizational performance.
As an additional employee benefit to promote spirituality, companies have begun to provide employees
with the services of:
A. Philosophers.
B. Chaplains.
C. Financial advisors.
D. Ombudspersons. - CORRECT ANSWER B. Chaplains.
