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Test Bank For Business Ethics: Ethical Decision Making and Cases - 13th - 2022 All Chapters - 9780357513361
Test Bank For Business Ethics: Ethical Decision Making and Cases - 13th - 2022 All Chapters
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,Test Bank For Business Ethics 13thChapter 1: The Importance of Business Ethics
Chapter 1: The Importance of Business Ethics
1. Corporate social responsibility is defined as which of the following?
a. An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
b. Principles, values, and norms that primarily guide individual and group behavior in the world of business
c. The institutionalization of business ethics into all levels of business decision making
d. A business’s responsibility to manufacture products that function properly
e. Charitable contributions made by a business to enhance its reputation with stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:08 AM
DATE MODIFIED: 8/3/2021 10:21 AM
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore confidence in
financial reporting and business ethics?
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:22 AM
DATE MODIFIED: 8/3/2021 10:30 AM
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
1
,Test Bank For Business Ethics 13th
Chapter 1: The Importance of Business Ethics
a. The right to consumerism
b. The right to safety
c. The right to be protected
d. The right to be ethical
e. The right to be heard
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:32 AM
DATE MODIFIED: 8/3/2021 10:34 AM
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:22 AM
DATE MODIFIED: 8/3/2021 11:24 AM
5. Environmental Social Governance (ESG) refers to which of the following?
a. A framework for evaluation of firm performance in the areas of environmental, social, and
governance
b. The most far-reaching change in organizational control and accounting regulations since the Securities and
Exchange Act of 1934
2
, Test Bank For Business Ethics 13th
Chapter 1: The Importance of Business Ethics
c. Guidelines that codified into law incentives to reward organizations for taking action to prevent misconduct
d. An organization developed to guide corporate support for ethical conduct
e. An organization’s obligation to maximize its positive impact and minimize its negative impact on stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:24 AM
DATE MODIFIED: 8/3/2021 11:25 AM
6. The 1960s saw a rise of consumerism. What is consumerism?
a. An increase in consumer rights by individuals, organizations, and governments
b. The growth of international retail chain stores that served global consumers
c. Activities undertaken by independent individuals, groups, and organizations to protect their rights as
consumers
d. The widespread adoption of consumer-oriented marketing strategies among businesses
e. The tendency of organizations to view consumers as their most important stakeholder
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:26 AM
DATE MODIFIED: 8/3/2021 11:27 AM
7. Ethically charged decisions _______.
a. are made at all levels of work and management
b. are made primarily by top management
c. stem from individual moral philosophies
d. are less important than other decision-making processes
e. are an isolated personal issue
3
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