MGMT 325 - Ch 6 Quiz

(T/F) According to a recent Transparency International survey, Denmark and New Zealand are two countries that are least likely to be subjected to bribery.

True

(T/F) Honesty, integrity, and accuracy are absolute requirements of the accounting function.

True

(T/F) Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.

True

(T/F) Marketing ethics include having concern for consumer health and safety issues.

True

(T/F) Personal values and moral character play key roles in improving a company's ethical performance.

True

Bribery is found in nearly every sector of the global marketplace, but can be worse in some parts of the world.

True

(T/F) It is impossible for multiple ethical climates to exist within one organization.

False

Which of these components are not considered during a risk-assessment audit to gauge the effectiveness of a firm's ethics programs? -The financial bottom line. -Top management commitment. -Training programs. -Ethical policies.

-The financial bottom line.

Ethical challenges for information technology employees include:

Data privacy and copyright protection.

The unspoken understanding among employees of what is and is not acceptable behavior is called:

Ethical climate.

Which of the following is not an example of an ethical criterion? -Egoism. -Concern for others. -Principle. -Corporate driven.

-Corporate driven

Ethics policies typically cover all of the following issues except: -Developing guidelines for accepting or refusing gifts from suppliers. -Encouraging discriminatory personnel practices. -Avoiding conflict of interest. -Maintaining the security of proprietary information.

-Encouraging discriminatory personnel practices.

Integrity-based ethics programs:

Combine concern for the law with an emphasis on employee responsibility.

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:

Operating under the compliance-based approach.

The Principles and Standards of Ethical Supply Chain Management Conduct includes the principle:

Protect confidentiality.

(T/F) In the United States, most ethics policies are based primarily on the company's mission and vision.

False

(T/F) The majority of large U.S. corporations do not have codes of ethics.

False

(T/F) Today, more companies than ever are turning to formal ethics audits to measure the quality of their ethics programs.

False

(T/F) The Principles and Standards of Ethical Supply Chain Management Conduct focuses on integrity, value, and loyalty.

True

A company that has ranked amongst the most ethical firms from 2007 to 2017, according to Forbes magazine, is:

AFLAC

The most effective ethics programs utilize which of the following:

All of the following answers are correct: -Written policy. -Posters. -Quick reference guides.

A member of the Chartered Financial Analyst Institute (CFA) must:

All of the following are correct: -Promote the integrity of and uphold the rules governing global capital markets. -Act with integrity, competence, diligence, respect, and in an ethical manner with the public. -Maintain and improve their professional competence.

If a manager approaches ethics with benevolence in mind, he or she would stress what?

Friendly relations with an employee.