ethics x am

place the three surges that increased the appointment of ethics officers in chronological order, starting with the earliest trigger.Drag and drop application.Enactment of the U.S. Corporate Sentencing GuidelinesPassage of the Sarbanes-Oxley ActEthical lapses in large corporations

1. Ethical lapses in large corporations 2. Enactment of the U.S. Corporate Sentencing Guidelines 3. Passage of the Sarbanes-Oxley Act

Place the three benchmark indices for 2016 in order, using Figure 5.2. (Place the most profitable index on top.)Drag and drop application. World's Most Ethical Companies FTSE 100 S&P 500

1. World's Most Ethical Companies 2. FTSE 100 3. S&P 500

Global market channels Global operations Global supply chains

:Global market channels: A firm first builds a successful business in its home country and then exports its products or services to buyers in other country. Global operations: A firm establishes manufacturing plants or service functions abroad Global supply chains: A firm subcontracts manufacturing to suppliers located abroad.

Corporate culture is accurately described by which statements?

A blend of customs, traditions, and shared meanings. Observing "the way we do things around here."

A high magnitude of consequences that increases the moral intensity of an ethical issue is best exemplified by which example?

A large quantity of food contaminated with salmonella was distributed to stores.

What ethical change(s) could Equifax make to prevent further data breaches?

All these ethical changes could help prevent further data breaches. Demonstrate top management's commitment by hiring a chief ethics and compliance officer. Establish a strong ethics training program. Create a detailed corporate code of ethics.

Match the professional code of conduct (in the left column) with its related guiding principle (in the right column).Drag and drop application.American Institute of Certified Public Accountants (AICPA) Code of Professional ConductChartered Financial Analyst (CFA) Institute Code of Ethics and Standards of Professional ConductAmerican Marketing Association (AMA) Statement of EthicsAssociation of Information Technology Professionals (AITP) Code of Ethics and Standards of Conduct

American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct, matches, Be responsible for moral judgments.Chartered Financial Analyst (CFA) Institute Code of Ethics and Standards of Professional Conduct, matches, Act with integrity, competence, diligence, respect and ethics.American Marketing Association (AMA) Statement of Ethics, matches, Do no harm.Association of Information Technology Professionals (AITP) Code of Ethics and Standards of Conduct, matches, Promote the understanding of information processing.

A business conflict of interest is exemplified by which scenarios?

An agent buys parts from a high-cost firm that donated a valuable gift to the agent. An agent buys parts from the most cost-effective firm that gave money to the agent. An agent receives a substantial fee for buying parts from a certain company.

How can management choose amongst different ethical approaches that do not lead to the same conclusion?

Assign priorities to each ethical approach. Consider the organization's culture and ethical climate.

Which of the following are included in the U.S. Corporate Sentencing Guidelines?

Assigning a high-level, risk-free officer for compliance responsibility Enforcing standards through discipline, including response and prevention Establishing and training ethical standards to reduce criminal conduct

Identify the political and economic systems used today in China.

Authoritarianism and free enterprise

Match each level of the global wealth pyramid (in the left column) with the individual asset typically associated with that level (in the right column).Drag and drop application.Base of the pyramidMiddle ClassHigh wealthTop of the Pyramid

Base of the pyramid, matches, work toolsMiddle Class, matches, some home equityHigh wealth, matches, home ownershipTop of the Pyramid, matches, more than $1,000,000 in overall assets

Utilitarian reasoning is characterized by which statements?

Benefits outweigh costs Greatest good for the most people Cost-benefit analysis

Match the sector on the left with the strengths on the right that each sector brings to the task of eliminating conflict minerals from the electronics supply chain, according to the case Intel and Conflict Minerals.Drag and drop application. Business Government Civil society

Business, matches, Purchasing power Government, matches, Legal authority Civil society, matches, Local knowledge

Match each sector (in the left column) with its correct resource4 (in the right column).Drag and drop application. Business Government Civil Society

Business, matches, technical knowledge Government, matches, policy knowledge Civil Society, matches, community knowledge

Match the sector (in the left column) with the appropriate interest (in the right column), according to the case Intel and Conflict Minerals.

Business: Prevent damage to their reputation Government: Protect their tax revenue and foreign exchange Civil society: Prevent human rights abuses

How do U.S. companies that use tax inversion save money? (Check all that apply.)

By buying stock internally By loading up their U.S. subsidiary with debt

According to scholars, how does spirituality affect employee and organizational performance?

By increasing personal growthBy enhancing individual capacity for innovation

Drag and drop the goals of the sectors within the Kimberley Process against the corresponding sectors. civil society business government

Civil society: Protecting consumers from inadvertently supporting civil war Business: Preserving the reputation of xonds as a romantic symbol Government: Protecting legitimate diamond businesses

The Kimberley Process was developed by a global action network to solve which social problem?

Conflict diamonds

Social regulations address which types of public issues?

Consumer protectionHealth and safety

In the discussion case, how did Facebook respond to government concerns over personal privacy?

Cooperated by centralizing Facebook's security and privacy settings.

When a firm faces criminal charges for ethics violations in the United States, which rules are used to compute culpability?

Corporate Sentencing Guidelines

How had the Affordable Care Act impacted the American public by 2018?

Coverage for Americans could no longer be denied or dropped because of preexisting conditions. Over 11 million Americans gained healthcare coverage through the marketplace.

The ethical concern of invasion of privacy in information technology relates to which issues?

Data collection Access to personal information Electronic mail confidentiality

According the 2017 survey published by Transparency International, which of the following were countries where having to pay a bribe was least likely? (Check all that apply.)

Denmark New Zealand

What benefits have microfinance lenders realized?

Developed a global trend in micro loans. Increased profits. Helped millions of people.

Why is it difficult to be sure if a business made the most ethical decision?

Different values may be applied to make the decision. The priority of human rights may be ranked differently. Different sources of information may be used.

Identify the most basic human rights.

Due process, be informed Life, safety, property Freedom, free speech

Match the federal regulation agency with its correct area of oversight. Instructions

EEOC: Discrimination DOE: Energy FAA: transportation EPA: Environmental protection FTC: Antitrust OSHA: Safety and health

In the case Equifax's Data Breach, which ethical climate dominated during the data breach?

Egoism

Match the ethical criteria of ethical climate (in the left column) with its correct definition (in the right column).Drag and drop application. Egoism Benevolence Principle

Egoism, matches, Self-centerednessBenevolence, matches, Concern for othersPrinciple, matches, Respect for one's own integrity

Match the typical mental approach (in the left column) with its associated attitude (in the right column), using Figure 5.3.

Egotistical mentality: "I want it!"Bottom-line mentality, matches, "We have to beat the others at all costs!" Favoritism mentality: "Help yourself and those closest to you!" Ethnocentric mentality: "Foreigners have a funny notion of what's right and wrong."

Which specific corporate ethics reporting mechanism allows employees to report ethical concerns anonymously?

Employee helpline

Since 1960, social regulation spending grew in which areas?

Environmental health Occupational safety Consumer protection

Select all of the statements listed that are true about either ethics or the law. ethics law

Ethics: Informal definition of right and wrong behavior Informal definition of right and wrong behavior Law: written rules denoting right and wrong conduct

Researchers have shown that both values and mission policies are particularly popular in which parts of the world?

Europe Japan NOTT Latin America Reason: Instrumental policies are more popular in Latin America. United States Reason: Instrumental policies are more popular in the United States.

Identify the federal regulation agencies that oversee economic regulation

FDIC, DOJ IRS, SEC

Managers' ethics are most often influenced by which entities?

Family relationships Immediate work group Legal compliance

Select all of the descriptions that relate to each policy type. Fiscal policy Monetary policy Trade policy

Fiscal policy: government spending Monetary policy currency supply and demand Trade policy: rules that govern imports and exports to and from foreign nations

Match the globalization strategy on the left with its correct description on the right.Drag and drop application. Global market channels Global operations Global supply chains

Global market channels: A firm first builds a successful business in its home country and then exports its products or services to buyers in other country. Global operations: A firm establishes manufacturing plants or service functions abroad. Global supply chains: A firm subcontracts manufacturing to suppliers located abroad.

Which of the following are reasons governments and businesses may work in opposition to each other?

Government regulations can be costly to businesses. Government regulations can stifle innovation.

How does having a good reputation affect a company's ability to recruit employees?

Greater employee retention Reduced recruiting costs

Public services that commonly utilize social assistance policy includes _____.

Health care Education Housing

Vulture funds are most likely to harm which type of country?

Heavily indebted

When evaluating the moral intensity of the Lafarge situation in Syria, the magnitude of consequences was high because

ISIS threatened employees with kidnapping or death.

What benefits do global customers at the bottom of the pyramid enjoy?

Immediate needs are satisfied. Employment opportunities are expanded. Social development is increased.

Ethical challenges for information technology professionals include which issue?

Intellectual property protection

Describe the current trends in global social assistance policies.

International standards have been established. Advanced nations have developed elaborate social services. Developing economies have improved social assistance.

Identity ways that the U.K Bribery Act is stricter than the U.S. Foreign Corrupt Practices Act (FCPA)

It does not require evidence of the intent to corrupt. It contains a strict liability clause for failure to prevent bribery. There is no exemption for "facilitating payments."

Identify the true statements regarding the impacts of globalization _____. (Check all that apply.)

It has an indirect or direct influence over international politics. It exerts an influence on the economics of virtually every country in the world. It leads to the spread of technology, culture, and politics.

Which of the following financial regulations are introduced by the Dodd-Frank Act in 2010?

It implemented changes to executive compensation practices. It added stricter capital requirements.

How has the Affordable Care Act affected businesses?

It increased concern over an individual's right to have no insurance. It raised company health care costs.

The term globalization can be accurately defined by which statement(s)? (Check all that apply.)

It involves the increasing movement of products and capital across national borders. As a process, it is an ongoing series of interrelated events.

Bribery is accurately described by which statements?

It is a payment often made to a government official.It is a questionable or unjust payment that facilitates a transaction.

Identify the statements that accurately describe government regulation

It is a way of achieving public policy. It establishes rules of conduct for citizens and businesses. It exists at the federal, state, and local levels.

Describe the process of continuous regulatory reform.

It is the ongoing cycle of regulation, reregulation, and deregulation.

Select all of the statements that are true about the Sarbanes-Oxley Act (SOX).

It makes executives responsible for the accuracy of financial reports. It enforces high ethical standards in business.

How does globalization benefit consumers? (Check all that apply.)

It tends to lower the price of goods. It tends to increase economic productivity.

In a democracy, ruling power is typically split between which branches of government?

Judicial legislative Executive

Which type of business is more likely to believe that a culture of ethics encourages workers to speak up?

Larger and more mature businesses

When a business starts operations in another country, what is the cost to workers in the home country?

Lower wages Stagnant wages Job insecurity

What argument did Lafarge managers make to justify their decision to pay terrorist groups in Syria, according to the case?

Managers attempted to secure safe travels for its employees to and from the plant.

Why are the values held by managers especially important in the workplace?

Managers serve as organizational role models.

Match the reason for government regulation with its correct description. market failure negative externalities natural monopolies ethical arguments

Market failure: when the marketplace fails to correctly adjust prices Negative externalities: unintended negative effects Natural monopolies: just a few firms in a certain industry Ethical arguments: a moral rationale for regulation

In nondemocratic countries, government may derive power from which authorities?

Military dictatorship Religious group Monarchy

What does the term "conflict minerals" refer to?

Minerals used in electronics extracted from mines that finance warring militias.

When determining a fair distribution, which human factors are taken into consideration?

Needs Abilities Efforts

Correctly identify how political and economic freedoms are related. (Check all that apply.)

Open economic markets often give people more resources to successfully participate in politics. The more control people gain over government decisions, the more likely they will increase their economic freedom.

Why do some argue against the "Right to Try" experimental drugs for terminally ill patients, as seen in the example Exhibit 5.A?

Patients have no right to medication that is not federally approved.

Why do some people support the "Right to Try" experimental drugs for terminally ill patients, as seen in the example Exhibit 5.A?

Patients should have a right to choose.The end result overrides the means.

Why would a firm be interested in selling their products to people at the bottom of the pyramid?

People at this level are often willing to pay a "poverty premium." Collectively the market is vast.

Income is defined by which of the following?

Periodic earnings

What is one unintended consequence of the World Bank and the IMF loaning large amounts of money to developing nations?

Persistent poverty remained.

Identify the reasons that frequently trigger ethical problems in business, according to Figure 5.3.

Personal gain and selfish interestConflicts of interest

Match the philosopher (in the left column) with their espoused moral value (in the right column), according to Figure 5.6.Drag and drop application.Plato and AristotleSt. Thomas AquinasBenjamin FranklinRobert Solomon

Plato and Aristotle: Courage St. Thomas Aquinas: Faith Benjamin Franklin: Cleanliness Robert Solomon: Honesty

According to Figure 5.2, what general relationship exists between ethics and profits?

Positively correlated

The U.K. Bribery Act prohibits bribery of which individuals?

Private executives Government officials

How can a business that is closing offer a fair response to their stakeholders? (=

Provide training for workers .Offer pay-out bonuses to managers. Contribute funds to the local community.

Identify the purposes of corporate ethics reporting mechanisms.

Providing general information about corporate topics.Providing clarifications regarding expected ethical behavior.Offering a way for employees to report ethical violations.

Drag and drop public policy elements against their corresponding examples related to distracted driving. Public policy inputs Public policy goals Public policy tools Public policy effects

Public policy inputs: pressure from state governments pressure from state governments Public policy goals: prevention of death and injury prevention of death and injury Public policy tools: penalties for cell phone usage while driving penalties for cell phone usage while driving Public policy effects: reduction of death and injury reports reduction of death and injury reports

How have regulators responded to critics of banning cell-phone usage while driving?

Regulators permitted the use of hands-free phone devices.

rights ethics, good ethics, justice ethics Reason:

Rights ethics are based on respect for human rights. Reason: Good ethics is a generic term, not a specific type of ethical reasoning. Reason: Justice ethics are based on fair share distribution.

Which of the following are sources from which ethical principles that guide right and wrong conduct are derived?

Role models Religious beliefs Family institution

According to the United Nations, this multinational enterprise had the largest amount of foreign assets in 2016.

Royal Dutch/Shell

Altruism is accurately characterized by which statements?

Sacrificing self-interest Acting for the benefit of others

A compliance-based ethics program is characterized by which statements?

Seeks to avoid legal sanctions Stresses punishment as a deterrent

A conflict of interest is defined by which statement?

Self-interest is at odds with an obligation to act in the best interest of others.

Which business practice violates antitrust law in the United States?

Setting prices at the same level as agreed upon by a group of businesses

How do recipients benefit from microfinance?

Small loans help entrepreneurs grow their businesses. Micro loans can be secured without collateral. Small loans help farmers manage their land.

Globally, what is the primary factor that affects how governments and businesses collaborate?

Societal values and customs

egulations apply to different industries and businesses in what ways?

Some regulations apply only to specific industries, such as banking. Some regulations apply to all industries and businesses, such as pollution control.

Match the correct stage of moral development (in the left column) with its related basis of ethics reasoning description listed (in the right column), according to Figure 5.4.Drag and drop application.Stage 1 Childhood and Stage 2 AdolescenceStage 3 Early adulthoodStage 4 AdulthoodStages 5 and 6 Mature adulthood

Stage 1 Childhood and Stage 2 Adolescence, matches, Ego-centered reasoningStage 3 Early adulthood, matches, Group-centered reasoningStage 4 Adulthood, matches, Society-and law-centered reasoningStages 5 and 6 Mature adulthood, matches, Principle-centered reasoning

Match the stage of moral development (in the left column) with its major ethics referent listed (in the right column), according to Figure 5.4.Drag and drop application.Stage 1 ChildhoodStage 2 AdolescenceStage 3 Early adulthoodStage 4 AdulthoodStage 5 Mature adulthoodStage 6 Mature adulthood

Stage 1 Childhood, matches, Punishment avoidance Stage 2 Adolescence, matches, Reward seeking Stage 3 Early adulthood, matches, Social groups Stage 4 Adulthood, matches, Society at large Stage 5 Mature adulthood, matches, Moral beliefs beyond social custom Stage 6 Mature adulthood, matches, Universal principles

Researchers have consistently found that most managers typically rely on criteria associated with reasoning at ______.

Stage 3 Early adulthoodStage 4 Adulthood

According to a 2017 survey by Transparency International, which of the following countries were considered the world's most corrupt countries? (Select all that apply.)

Syria Somalia

Why do critics of the Sarbanes-Oxley Act believe the law is no longer effective?

The Act has not totally eliminated fraudulent financial reports over the past 15 years.

Starting in 2017, which economic regulations were minimized in an effort to lessen business obligations?

The Dodd-Frank Act of 2010 was minimized. The Volcker Rules were lessened.

Evidence of "passive complicity" at Equifax after the data breach, according to the case Equifax's Data Breach, included which reasons?

The company delayed going public after the cyberattack .Top executives focused on their own stock portfolios.

Which of the following actions could be used in management's defense against charges of financing a terrorist group and endangering the lives of workers?

The company made serious attempts to ensure a safe commute for its workers.

Identify an example of a natural monopoly.

The electric utility industry

Which ethical right would be protected if the Lafarge plant closed?

The employee's right to life and safety

Why did the drone makers want the U.S. Federal Aviation Administration to regulate the drone industry?

The industry wanted rules so they could develop drones for commercial purposes.

Identify the disadvantages of utility ethics

The means to reach the end are not always consideredDifficulty in measuring costs

Which statements are true regarding the primary professional association that supports ethical initiatives for executives?

The membership doubled from 2000 to 2004. It changed their name to the Ethics and Compliance Officer Association. It represents over fifty countries.

Identify the primary purpose of economic regulations.

They aim to adjust the forces of supply and demand within a free market.

How do the major types of public policy relate to one another?

They are at times distinct from each other. They are sometimes intertwined.

Public policy goals are accurately described by which statements?

They can be narrow and self-serving goals .They can be broad and high-minded goals.

Which of the following are true of public policy goals?

They can be narrow and self-serving. They are broad and high-minded.

Researchers found that integrity-based ethics programs had what effects on employees?

They made it easier to deliver bad news to supervisors. They enhanced their confidence in decision-making. They increased their sense of integrity.

Equifax's top management justified their delay in admitting the data breach by stating:

They needed time to study what happened.

What is the primary motivation for companies to develop employee ethics programs?

To comply with laws and regulations

Which of the following are reasons for governments to act in public interest?

To effect a substantial segment of the public To solve public issues

Why should business be ethical?

To enhance business performance To prevent or minimize harm To meet the demands of stakeholders

What is the major reason for a firm to adopt an institutionalized ethics program?

To enhance their ethical performance.

What was the primary reason China adopted a free enterprise market system?

To increase economic development

Why does the Sarbanes-Oxley Act (SOX) limit auditors from offering non-audit consulting services?

To prevent an accounting conflict of interest. not !! Auditors already make too much money. Reason: SOX is unrelated to the salaries of auditors. Non-audit accounting services are always free. Reason: Non-audit accounting services are not usually free. To reinforce the American Institute of certified public accountants code of conduct. Reason: SOX was not implemented to reinforce codes of conduct.

what are the primary drivers for countries to participate in global regulatory agreements?

To protect their citizens from dangerous or unhealthy imports To protect their economy from unfair foreign competition

Why did many commentators expect the trend of inversion to slow after the 2018 U.S. tax legislation was passed?

U.S. corporate tax rates were decreased from 35 percent to 21 percent.

Denying basic human rights is normally considered to be unethical under what conditions?

Using others for your own purpose, while denying them their goals and purposes.

How do vulture funds take advantage of weak and indebted companies? (Check all that apply.)

Vulture funds sue the company and demand repayment of loans with interest. Vulture funds buy the defaulted debt at a discount.

Ethics Resource Center experts have stated that ethical culture impacts firms in what ways?

Weak ethical cultures can foster ongoing bad behavior. Strong ethical cultures can mitigate behaviors that could harm the firm.

Match the international organization (in the left column) with its primary function (in the right column).Drag and drop application.World Bank International Monetary Fund World Trade Organization

World Bank, matches, Provides economic development loans to members International Monetary Fund, matches, Lends foreign currency to members World Trade Organization, matches, Establishes international trade rules

The scope of the U.S. Foreign Corrupt Practice Act (FPCA) covers _____.

across a range of industries countries that have U.S. affiliates

The U.S. Foreign Corrupt Practice Act (FPCA) combats bribery by _____

assessing criminal penalties assessing civil penalties requiring full disclosure of company transactions

Which principle within 3M's code of conduct refers to keeping complete business records?

be accurate

Match the 3M code of conduct principle (in the left column) with the matching description (in the right column):Drag and drop application .be fair be loya lbe good

be fair, matches, Play by the rules, whether working with government, customers, or suppliers.be loyal, matches, Protect 3M's interests, assets, and information.be good, matches, Obey the law and 3M's Code of Conduct.

In the most effective ethics programs, the ethics officer reports to the ______.

board of directors chief executive officer

Which of the following sectors wanted to preserve their reputation and attempted to distance themselves from human rights abuses associated with conflict minerals?

business

Which sector of society tends to disregard the long-term impacts of their actions?

business

Detractors of spirituality in the workplace believe that ___

business should reflect the separation of church and state business is a secular, nonspiritual institution

Match the sector (in the left column) with the associated weakness (in the right column).. business government civil society

business, matches, Short-term focus Government, matches, Bureaucratic Civil society, matches, Few financial resources

As globalization has expanded, the number of organizations related to which sector of society has grown dramatically to deal with related social issues?

civil society

Some economic impacts of bribery include ______.

companies indicted for bribery typically paying fines and legal feesfunds for roads and hospitals siphoning off to pay corrupt officials

According to the textbook, JP Morgan Chase (a bank) is a transnational organization because it ___

controls banking assets in over 60 countries

The act of bribery is an economic force that ___

corrupts the financial exchange

When developed nations extend monetary aid to indebted countries, this is called _____.

debt relief

What was the primary ethical marketing issue in the Outcome Health example?

deceptive advertising

According to the case, U.S. legislation passed in 2010 required companies to

disclose if coltan in their products had come from the Congo or adjoining countries.

______principles are guides to moral behavior.

ethical

The unspoken ethical tone in a company is called ___

ethical climate

Which of the ethical safeguards tends to be the most costly and time-consuming?

ethical training

True or false: A cooperative partnership between government and business on one issue guarantees cooperation on all issues.

false

True or false: A firm can only implement a single globalization strategy at any given time.

false

True or false: In 2017, the current administration expanded a rule proposed by the Obama Administration that would require airlines to disclose baggage fees along with fares and schedules.

false

True or false: Intel worked to eliminate all minerals sourced from the DRC, according to the case Intel and Conflict Minerals.

false

True or false: The industry codes of conduct for accounting, finance, marketing, and information technology are identical, because the same ethical dilemmas exist for all functions.

false Reason: Accounting, finance, marketing, information technology, and other areas of business all have their own particular brands of ethical dilemmas.

What was the overall trend of government spending on U.S. social regulations between 1960 and 2018, according to Figure 7.2?

growth

The most significant social regulation in the United States since the 1960s was passed in 2009 and covered ______.

healthcare

When an organization builds ethical safeguards into its daily routines, this is called?

institutionalizing ethics

The type of ethics policy that provides ethical rules for employees to follow is called a(n) ____

instrumental policy

A strategy of acquiring or merging with a foreign firm in order to reduce corporate tax obligations at home is called _____.

inversion

In 2017, pressure for leaders to act unethically impacted about how many managers?

just over 60%

In 2017, the Ethics and Compliance Initiative reported that the most unethical practice at work was _____

lying to employees and external stakeholders

At what level of the global wealth pyramid would $10,000 to $100,000 in individual assets fall?

middle class

The practice of selling products below cost to drive out rivals is called _

predatory pricing

Accountants often face conflicts of interest such as _____.

providing a good audit in return for the promise of more of the client's business

One factor in determining the moral intensity of an ethical issue is how close the decision maker feels to the people affected by the decision, a factor that is known as _

proximity

Within a business, which groups tend to monitor and manage government regulation?

public affairs legal teams

A plan of action undertaken by government officials to achieve some broad purpose affecting a substantial segment of a nation's citizens is called __

public policy

Match the type of government control (in the left column) with its correct definition (in the right column). regulation deregulation reregulation

regulation: the initial implementation of a government control over industry conduct deregulation: the removal or scaling down of existing government controls over industry reregulation: the increase or expansion of government control over industry practices

The correct definition of ethical egoist is a manager or employee who always puts _

seld intrest first

The AT&T-Time Warner merger was approved after detractors failed to prove that the combined firm would _____.

set higher prices for television and Internet services offer fewer choices for consumers

Besides delayed reporting, additional evidence of Equifax's management acting unethically included

several executives sold nearly $2 million of Equifax stock before reporting the data loss.

What are the major types of public policy?

social economic

Identify which of these points refer to economic policy.

taxation industrial trade

International regulation of global commerce is especially important when ___

the issue crosses national borders

When a firm relocates its operations specifically to avoid raising wages, this is called ____

the race to the bottom

Government incentives and penalties represent which element of public policy?

tools

Facebook stated that they would be willing to consider which type of regulatory legislation, according to the case?

transparency into a public library of paid political ads used on the site

True or false: Ethical dilemmas are highly complex and go beyond the language of the law.

true

True or false: Marketing ethics emphasizes honesty and transparency in advertising and data about advertising.

true

True or false: Most U.S. managers concentrate on themselves and highly value a comfortable and exciting life.

true

True or false: The Dodd-Frank Act created a new agency to enforce consumer finance laws.

true

True or false: The United States took action to require disclosure of the source of tantalum used in products through the Dodd-Frank Act.

true

True or false: The consequences of foreign bribery deny U.S. companies the ability to compete in a fair and transparent marketplace. True false question.

true

True or false: The primary argument of media executives supporting the AT&T-Time Warner merger was that both content creation and distribution were required to fairly compete with technology companies like Amazon and Netflix.

true

The type of ethical reasoning that theorizes that having good moral values direct an individual to good behavior is called _____.

virtue ethics

Match the ethical reasoning method with its line of thinking about ethics in the case. -virtue -utilitarianism -rights -justice

virtue: It was inferred in the case that managers cared about their workers and their safety. utilitarianism: Managers calculated if the net benefits of keeping the plant open outweighed the cost of danger to employees. rights: The firm determined if the rights to life and safety were better served by closing the plant or paying the terrorists. justice: Management calculated the benefits and costs and determined if they were distributed fairly.

Assets accumulated up to a point in time are called _____

wealth