The first step toward understanding business ethics is to Answer- develop ethical-issue
awareness.
The originator of the idea of the invisible hand, which is a fundamental concept in free
market capitalism, was Answer- Adam Smith.
Through _______________, it is possible to quantify the trade-of...
the first step toward understanding business ethics is to answer develop ethical issue awareness
the originator of the idea of the invisible hand
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MAN3065 Final exam practice test
The first step toward understanding business ethics is to Answer- develop ethical-issue
awareness.
The originator of the idea of the invisible hand, which is a fundamental concept in free
market capitalism, was Answer- Adam Smith.
Through _______________, it is possible to quantify the trade-offs to determine
whether to accept or reject environmentally-related activities and programs. Answer-
risk management
Which of the following acts exempted the insurance industry from antitrust legislation?
Answer- McCarran-Ferguson Act of 1944
Fostering ethical decision making within an organization requires improving the firm's
ethical standards and Answer- terminating the "bad apples" in the organization.
Which of the following is not associated with the stakeholder interaction model?
Answer- Identifies the mass media, special interest groups, competitors, and trade
associations as primary stakeholders
_____ allows for private ownership of property and features a large government
equipped to offer such services as education and health care to its citizens Answer-
Social democracy.
These leaders are passionate about the company, live out corporate values daily in their
behavior in the workplace, and form long-term relationships with employees and other
stakeholders. Answer- Transactional
When we discuss _____ approaches, we are talking about how organizational decision
makers should approach an issue. Answer- Normative
Retaliation against employees that report misconduct is a problem in _____ cultures.
Answer- weak ethical
Which is not considered a white collar crime? Answer- Mugging someone
Critics of nuclear power are concerned about all of the following, except: Answer-
Reduced emissions
The four categories of communication include all of the following except Answer-
Reporting
,Mr. Smith told his client, Mr. Jabar, who was not an IT expert, that the new software
systems were much better than his existing ones. To convince Mr. Jabar, Mr. Smith
used a great deal of technical jargon that his client did not really understand. Mr. Smith
did this intentionally to confuse Mr. Jabar. This is an example of Answer- noise.
Affirmative action programs Answer- involve the recruitment, hiring, promotion, and
training of qualified individuals.
The relationship between business ethics and age Answer- is complex, although
experience helps older employees make ethical decisions
Following the ethical directives of a superior relates to Answer- obedience to authority
Ethics is a part of decision making Answer- at all levels of work and management.
The process of verifying the results of an audit should involve standard procedures that
control the _____ of the information. Answer- reliability and validity
When in Rome, do as the Romans do, or you must adapt to the cultural practices of the
country in which you are operating are rationalizations business people sometimes offer
for straying from their own ethical values when doing business abroad. This practice is
called Answer- cultural relativism
_____ occurs when one or more group members feel pressured to conform to the
group's decision even if they personally disagree Answer- Groupthink
Which of the following statements about multinational corporations (MNCs) is false?
Answer- MNCs are inherently unethical and always do harm in the countries in which
they operate.
A _____-based culture encourages employees to express concerns, bring up ethical
issues, and take a proactive approach toward resolving conflicts. Answer- Values
_____ involves tricking individuals into revealing their passwords or other valuable
corporate information. Answer- Social engineering
All of the following are true regarding institutions except Answer- There is no clear link
between institutional theory and the stakeholder orientation of management.
The _____ was/were enacted to restore confidence in financial reporting and business
ethics after the accounting scandals of the early 2000s. Answer- Sarbanes-Oxley Act
The _______________ focuses on reducing pollution through cost-effective changes in
production, operation, and raw materials use. Answer- Pollution Prevention Act
, Which of the following is not a benefit to businesses of engaging in voluntary
responsibilities? Answer- Improve employee compensation and retention
_____ is based upon the assumption that people are predictable and will maximize the
utility of their choices relative to their needs and wants. Answer- Rational economics
This occurs when leaders and followers share the same vision, ethical expectations,
and objectives for the company. Answer- Leader-follower congruence
No formal dress codes, working late, participation in extracurricular activities, gestures,
and legends represent Answer- informal expressions of an organization's culture.
Although limiting urban sprawl creates disadvantages for ____________, many
businesses can benefit from urban renewal movements that reduce sprawl. Answer- car
and oil companies
Through time an act can come to be viewed as unethical under which of the following
philosophies and perspectives? Answer- The relativist perspective
___ law defines the rights and duties of individuals and organizations (including
businesses). Answer- Civil
Strong ethical leaders have a passion for all of the following except to Answer- satisfy
shareholders before other stakeholder groups
What concept refers to economic theories advocating the creation of a society where
wealth and power are distributed evenly, relative to the amount of work expended in
production? Answer- Socialism
Which moral philosophy evaluates the morality of an action on the basis of its
conformity to general moral principles and respect for individual rights? Answer- Rule
deontology
_____ focus(es) on developing sound organizational practices and integrity for financial
and nonfinancial performance measures, rather than on an individual's morals. Answer-
Core practices
Which of the following is a major ethical concern among corporate boards of directors?
Answer- Compensation
Which of the following strives to create order by requiring that employees identify with
and commit to specific required conduct? Answer- Compliance orientation
_____ are used to obtain or retain business and are not generally considered illegal in
the U.S. Answer- Facilitation payments
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