STRAIGHTERLINE BUSINESS ETHICS
FINAL EXAM REVIEW QUESTIONS AND
ANSWERS
Identify a true statement about corporate cultures - Answer-Corporate cultures
influence, limit, and shape the decision making within a firm
Unlike the goals of a more evolved and inclusive ethics program, the goals of a
traditional compliance-oriented program include - Answer-minimizing the risks of
litigation and indictment
Identify a true statement about a compliance-based culture - Answer-A compliance-
based culture is only as strong and as precise as the rules which workers are expected
to follow
Which of the following is an essential element in establishing an ethical leadership? -
Answer-The end or objective toward which the leader leads
The means used to motivate others and achieve one's goals plays a key role in
distinguishing between - Answer-effective leaders and ethical leaders
Identify an effective way of creating clear and successful reporting schemes - Answer-
Reinforcing the organization's values through its compensation and reward structure
The first step in constructing a personal code or mission for a firm is to - Answer-ask
oneself what one stands for or what the firm stands for
The final step in the development of corporate codes of conduct or mission statements
is to - Answer-believe that the culture is actually possible and achievable
_____ and an ongoing ethics audit allow organizations to uncover silent vulnerabilities
that could pose challenges later to the firm, thus serving as a vital element in risk
assessment and prevention - Answer-Monitoring
Which of the following is true about the Sarbanes-Oxley Act - Answer-It required public
companies to establish a code of conduct for top executives and, if they did not have
one, to explain why it did not exist
Corporate social responsibility (CSR) refers to the - Answer-ethical expectation that
society has for business
, Which of the following statements is true of the common view of corporate social
responsibility (CSR)? - Answer-It holds that the primary responsibility of managers is to
serve shareholders
The form of business that limits the liability of individuals for the risks involved in
business activities is known as _____. - Answer-corporation
According to the economic model of corporate social responsibility (CSR), the sole
social responsibility of a business is to: - Answer-fulfill the economic functions that it
was designed to serve
Matthew manages the sales team at an information technology (IT) firm. His focus is to
conduct business in accordance with his firm's mission and vision, while making as
much money as possible for the firm and conforming to the basic rules of the society.
He ensures
that his actions embody ethical custom. In this scenario, Matthew's view of corporate
social responsibility is most likely rooted in the _____ tradition. - Answer-utilitarian
According to Norman Bowie, the "moral minimum" that we expect of every person—
either acting as individuals or within corporate institutions—is - Answer-respect for
human rights
According to philosopher Norman Bowie, managers have a responsibility to maximize
profits as long as they - Answer-respect human rights and cause no harm
The tension that prevails when an organization tries to meet both social and economic
responsibilities is generally overcome by - Answer-pursuing social ends as the very core
of an organization's mission
The defenders of the sustainability approach toward corporate social responsibility
(CSR) point out that _____. - Answer-all economic activity exists within a biosphere that
supports all life
Enlightened self-interest, an important justification offered for corporate social
responsibility (CSR), presumes that - Answer-good ethics can also be good business
Some employers emphasize the rights and duties of all employees and treat employees
well simply because "it is the right thing to do." Identify the ethical approach for this
perspective - Answer-Deontological ethics
Which of the following is true of "bullying" in the workplace? - Answer-Bullying can
involve a boss who is constantly yelling dictates at workers because that is his job.
Identify the doctrine which holds that employers are free to fire an employee at any time
and for any reason unless an agreement specifies otherwise - Answer-The doctrine of
employment at will
FINAL EXAM REVIEW QUESTIONS AND
ANSWERS
Identify a true statement about corporate cultures - Answer-Corporate cultures
influence, limit, and shape the decision making within a firm
Unlike the goals of a more evolved and inclusive ethics program, the goals of a
traditional compliance-oriented program include - Answer-minimizing the risks of
litigation and indictment
Identify a true statement about a compliance-based culture - Answer-A compliance-
based culture is only as strong and as precise as the rules which workers are expected
to follow
Which of the following is an essential element in establishing an ethical leadership? -
Answer-The end or objective toward which the leader leads
The means used to motivate others and achieve one's goals plays a key role in
distinguishing between - Answer-effective leaders and ethical leaders
Identify an effective way of creating clear and successful reporting schemes - Answer-
Reinforcing the organization's values through its compensation and reward structure
The first step in constructing a personal code or mission for a firm is to - Answer-ask
oneself what one stands for or what the firm stands for
The final step in the development of corporate codes of conduct or mission statements
is to - Answer-believe that the culture is actually possible and achievable
_____ and an ongoing ethics audit allow organizations to uncover silent vulnerabilities
that could pose challenges later to the firm, thus serving as a vital element in risk
assessment and prevention - Answer-Monitoring
Which of the following is true about the Sarbanes-Oxley Act - Answer-It required public
companies to establish a code of conduct for top executives and, if they did not have
one, to explain why it did not exist
Corporate social responsibility (CSR) refers to the - Answer-ethical expectation that
society has for business
, Which of the following statements is true of the common view of corporate social
responsibility (CSR)? - Answer-It holds that the primary responsibility of managers is to
serve shareholders
The form of business that limits the liability of individuals for the risks involved in
business activities is known as _____. - Answer-corporation
According to the economic model of corporate social responsibility (CSR), the sole
social responsibility of a business is to: - Answer-fulfill the economic functions that it
was designed to serve
Matthew manages the sales team at an information technology (IT) firm. His focus is to
conduct business in accordance with his firm's mission and vision, while making as
much money as possible for the firm and conforming to the basic rules of the society.
He ensures
that his actions embody ethical custom. In this scenario, Matthew's view of corporate
social responsibility is most likely rooted in the _____ tradition. - Answer-utilitarian
According to Norman Bowie, the "moral minimum" that we expect of every person—
either acting as individuals or within corporate institutions—is - Answer-respect for
human rights
According to philosopher Norman Bowie, managers have a responsibility to maximize
profits as long as they - Answer-respect human rights and cause no harm
The tension that prevails when an organization tries to meet both social and economic
responsibilities is generally overcome by - Answer-pursuing social ends as the very core
of an organization's mission
The defenders of the sustainability approach toward corporate social responsibility
(CSR) point out that _____. - Answer-all economic activity exists within a biosphere that
supports all life
Enlightened self-interest, an important justification offered for corporate social
responsibility (CSR), presumes that - Answer-good ethics can also be good business
Some employers emphasize the rights and duties of all employees and treat employees
well simply because "it is the right thing to do." Identify the ethical approach for this
perspective - Answer-Deontological ethics
Which of the following is true of "bullying" in the workplace? - Answer-Bullying can
involve a boss who is constantly yelling dictates at workers because that is his job.
Identify the doctrine which holds that employers are free to fire an employee at any time
and for any reason unless an agreement specifies otherwise - Answer-The doctrine of
employment at will
