BUS 311 Excel Chapter 5 2025| COMPLETE EXAM SET (questions and verified
answers) frequently most tested questions | already passed!!
An ethical dilemma - ✔✔ is a dissonance among different interests.
Determining the best course of action is confounded by several possible
solutions that may be equally justifiable, e.g. intellectual property
protection.
Bribery - ✔✔ Occurs when a person offers or gives another person a gift,
cash or favor to act dishonestly in exchange for personal gain. Offering,
giving, receiving, or soliciting anything of value to influence the actions of a
government official or a corporate manager.
Code of Ethics - ✔✔ Describes the values and expectations that guide
decision: making by all employees in the firm.
Function: a moral compass for the firm's operations worldwide.
Corporate governance - ✔✔ ~The system of procedures and processes by
which corporations are managed, directed, and controlled.
~This mechanism provides the means for undertaking ethical behavior,
corporate social responsibility and sustainability.
Corporate governance is the system of governance, which maximizes
shareholder wealth and minimizes managerial opportunism, thus enabling
ethical behaviors, CSR, and sustainability. - ✔✔ True
Corruption - ✔✔ ~The practice of obtaining power, personal gain, or
influence through illegitimate means.
~It is the abuse of power to achieve illegitimate personal gain
, Corruption can: - ✔✔ ● Impacts our political, social and economic
environments
● Diminishes trust in public institutions
● Undermines the rule of law and challenges democratic principles
● Negatively impacts economic development
● Discourages foreign direct investment
●Hurts small businesses that lack the means to 'pay up'
Counterfeiting - ✔✔ Unauthorized reproduction/use of copyrighted or
patented work, for financial gain
CSR implies a proactive approach to ethical behavior in which firms seek to
not only maximize profits, but to optimize them while benefitting society and
the environment. - ✔✔ True
Embezzlement - ✔✔ The theft or misuse of funds typically placed in one's
care or belonging to one's employer.
Ethical behavior must be supported internally by organizational leadership
through the dissemination of a Code of Conduct and commensurate
reinforcements; and may be supported externally by organizations such as
the United Nations and the World Bank. - ✔✔ True
Ethical challenges are encountered in global sourcing/value chain activities
through worldwide suppliers, e.g. human rights and environmental issues. -
✔✔ True
Ethical Normativism: (Universality) - ✔✔ ● Ethical behavioral standards are
universal, and firms and individuals should seek to
answers) frequently most tested questions | already passed!!
An ethical dilemma - ✔✔ is a dissonance among different interests.
Determining the best course of action is confounded by several possible
solutions that may be equally justifiable, e.g. intellectual property
protection.
Bribery - ✔✔ Occurs when a person offers or gives another person a gift,
cash or favor to act dishonestly in exchange for personal gain. Offering,
giving, receiving, or soliciting anything of value to influence the actions of a
government official or a corporate manager.
Code of Ethics - ✔✔ Describes the values and expectations that guide
decision: making by all employees in the firm.
Function: a moral compass for the firm's operations worldwide.
Corporate governance - ✔✔ ~The system of procedures and processes by
which corporations are managed, directed, and controlled.
~This mechanism provides the means for undertaking ethical behavior,
corporate social responsibility and sustainability.
Corporate governance is the system of governance, which maximizes
shareholder wealth and minimizes managerial opportunism, thus enabling
ethical behaviors, CSR, and sustainability. - ✔✔ True
Corruption - ✔✔ ~The practice of obtaining power, personal gain, or
influence through illegitimate means.
~It is the abuse of power to achieve illegitimate personal gain
, Corruption can: - ✔✔ ● Impacts our political, social and economic
environments
● Diminishes trust in public institutions
● Undermines the rule of law and challenges democratic principles
● Negatively impacts economic development
● Discourages foreign direct investment
●Hurts small businesses that lack the means to 'pay up'
Counterfeiting - ✔✔ Unauthorized reproduction/use of copyrighted or
patented work, for financial gain
CSR implies a proactive approach to ethical behavior in which firms seek to
not only maximize profits, but to optimize them while benefitting society and
the environment. - ✔✔ True
Embezzlement - ✔✔ The theft or misuse of funds typically placed in one's
care or belonging to one's employer.
Ethical behavior must be supported internally by organizational leadership
through the dissemination of a Code of Conduct and commensurate
reinforcements; and may be supported externally by organizations such as
the United Nations and the World Bank. - ✔✔ True
Ethical challenges are encountered in global sourcing/value chain activities
through worldwide suppliers, e.g. human rights and environmental issues. -
✔✔ True
Ethical Normativism: (Universality) - ✔✔ ● Ethical behavioral standards are
universal, and firms and individuals should seek to
