MGS3520 -Midterm #2

Sustainable development:

Balances economic and environmental considerations

A just or fair ethical decision occurs when:

Benefits and burdens are distributed equally.

As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:

Chaplains

Deregulation has occurred in the following industries:

Commercial airlines, railroads, and financial institutions.

A company that builds stakeholder coalitions to influence government is using which strategy?

Constituency-building.

Which of these statements is true about the U.K. Bribery Act?

Contains a strict liability offense for failure to prevent bribery by commercial organizations.

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

Egoism

Which ethical criterion is described by the idea that a company should strive for efficiency?

Egoism

Which type of employee is most likely to report ethical issues in the workplace?

Executives

In a survey of 105 companies in 2017, the most frequent public affairs tactic was related to:

Federal government regulations

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

Friendly relations with an employee.

Building ethical safeguards into a company's everyday routines is called:

Institutionalizing ethics

Advocacy ads are also called:

Issue Advertisements

When a business seeks to overturn a law after it has been passed or threatens to challenge the legal legitimacy of the new regulation in the courts, this is called:

Legal Challenges

When a business seeks to overturn a law after it has been passed or threatens to challenge the legal legitimacy of the new regulation in the courts, this is called:

Legal challenges

When the market fails to adjust for the full costs of a firm's behavior, this is called:

Market failure.

Policies that affect the supply, demand, and value of a nation's currency are:

Monetary Policies

Artistotle argued:

Moral virtue is a mean between two virtues

A thin layer of gas that protects the Earth from excessive ultraviolet radiation from the sun is:

Ozone.

Which company ethics safeguard is commonly implemented as an employee "helpline"?

Reporting mechanisms

In Japan's pluralistic public policy process, who are the major participants?

Representatives of big business, agriculture, and labor

Rapid economic development is often accompanied by:

Rising incomes, bringing higher rates of both consumption and waste.

A large sporting goods store that raised the age for purchase of some firearms in response to public concerns for gun control were seen by detractors as:

Risking their reputation by engaging in politics.

An example of a global regulation that mitigates the impact of jet fuel on the environment is:

The Aviation Plan

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

The critical component in installing an effective ethics program is:

The integration of various ethics safeguards into a comprehensive program

Economists reported that the costs of regulatory compliance were highest for:

Worker safety.

Lobbyists, under U.S. law, must disclose their:

earnings and expenses

People's ethical beliefs come from:

Their religious background, family, and education.

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

A food product contaminated with salmonella was distributed to stores.

By raising and lowering the interest rates at which private banks borrow money from the government, the Federal Reserve Bank:

Both of these answers are correct: Influences the size of the nation's money supply; and influences the value of the dollar.

An organization that produces net zero emissions of greenhouse gases is achieving:

Carbon neutrality

Integrity-based ethics programs:

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

Which of the following is not an example of an ethical criterion?

Corporate Driven

Which statement characterizes the moral reasoning typically found in a child?

"I'll let you play with my toy if I play with yours."

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

AFLAC

Most ethics or compliance officers are entrusted to:

Act as a liaison between the company and their temporary employees.

Public policies and government regulations are shaped by:

All of these answers are correct

The most effective ethics programs utilize which of the following:

All of these answers are correct

In the case LafargeHolcim and ISIS in Syria, a utilitarian benefit of keeping the plant open was:

Employees recieved paychecks

Businesses are expected to be ethical in their relationships with:

All of these answers are correct.

Patterns of government taxing and spending that are intended to stimulate or support the economy are:

Fiscal policies.

Participants in the Montreal Protocol agreed that by 2030 they would phase out:

HCFCs.

Which of the following statements is not true about the population?

Over the next century, population growth is expected to be greatest in developed nations.

One of the oldest financial-incentive strategy tools is:

Political action committee contributions

Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:

Reduced

At the core of rights reasoning is the belief that:

Respecting others is the essence of human rights.

An example of industrial ecology in practice is:

Using wastes from one process as raw materials for another process.

Mature adults typically base their ethical reasoning on broad principles and relationships such as:

Both of these answers are correct: Human rights and constitutional guarantees of human dignity; and universal principles of justice.

Supporters of advocacy advertisements believe that they:

Both of these answers are correct: Identify a company as an interested and active stakeholder; and can help mold public opinion on a particular policy issue.

Since 2008, the total amount spent on lobbying activity has:

Decreased slightly.

A corporate political strategy does not:

Determine the legal limits allowed for campaign financing

Business managers need a set of ethical guidelines to help them:

Identify and analyze the nature of the ethical problem.

Expert witness testimony is often collected:

In congressional hearings

The main drawback to utilitarian reasoning is that:

It is difficulty to accurately measure both costs and benefits.

According to the case Clean Cooking, the widespread adoption of clean cookstoves would provide which of the following benefits:

Reduced health risks.

Which of the following is not true about justice reasoning?

The reasoner is interested in the net value of benefits.

Cooperation between business and government often occurs when:

They encounter a common problem or enemy.

European Union regulators accused Uber of engaging in:

Unfair competition

The information strategy tool most used by business is:

lobbying.

A purchasing agent directing her company's orders to a firm from which she received a valuable gift, is an example of:

Conflict of Interest

Ethical challenges for information technology employees include:

Data privacy and copyright protection

Cross-cultural contradictions arise due to:

Differences between home and host countries' ethical standards.

Why should business be ethical, according to Figure 5.1?

All of these answers are correct.

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

All the answers are correct

The antitrust enforcement agencies in the United States have the legal authority to:

Block anticompetitive mergers in the U.S.

When a firm solicits its stockholders for political contributions for a particular candidate by letter and then sends those contributions to the candidate on behalf of its stockholders, it is called:

Bundling

When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:

Compliance and Integrity

Business managers need a set of ethical guidelines to help them:

Identify and analyze the nature of ethical problem.

According to a 2017 survey, Americans hold a dim view of:

Business executives

Both large and small businesses have adopted sustainable practices to what advantage?

All of these answers are correct

The typical public affairs executive spends most of the day:

All of these answers are correct.

Hiring former government officials for positions in the corporate world is:

Both of these answers are correct: Always unethical; and considered unethical by over 50% of Americans.

Arable land is accurately described by which statement?

It is a renewable resource.

The core idea(s) of sustainable development is (are):

Both of these answers are correct: Economic development must be accomplished sustainably; and poverty is an underlying cause of environmental degradation.

All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:

Due Process

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

Ethical climate.

One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as:

Temporal immediacy

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:

Utilitarian reasoning.