BMAL 590 BUSINESS ETHICS|QUESTION WITH CORRECT ANSWERS

The study of business ethics is important to better understand all of the following EXCEPT Correct Answer That business ethics is merely an extension of an individual's own personal ethics Social responsibility is Correct Answer An organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders Which of the following was (were) developed in 1980s to encourage corporate support for ethical conduct by establishing a method for discussing "best practices?" Correct Answer Defense Industry Initiative on Business Ethics and Conduct The ________ was (were) enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s Correct Answer Sarbanes-Oxley Act In the history of business ethics, the 1990s can be best described as a time when business ethics was Correct Answer Institutionalized Which one of the following is not one of the rewards for being ethical and socially responsible in business? Correct Answer Greater employee turnover When employees see honesty, respect, and trust applied frequently in the workplace, they Correct Answer All of these Most strong organizational climates focus on the value of placing ________ interests first Correct Answer customers' To be successful, relationships with investors must rest on dependability, _________, and commitment Correct Answer Trust The rise of consumerism occurred during the Correct Answer 1960s Which of the following is the first step in the ethical decision-making process? Correct 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 Which of the following is not one of six "spheres of influence" to which individuals are subject when confronted with an ethical issue? Correct Answer Education Which statement best describes the relationship between those who believe in external control (externals) and those who believe in internal control (internals)? Correct Answer