MGT 313 Test 2

If a manager approaches ethical issues with a self-centered approach, emphasis will be on: Question options: Integrity. Social relationship. Economic efficiency. Laws.

Economic efficiency

Under the Sarbanes-Oxley Act, corporations are required to: Question options: Have executives vouch for the accuracy of a firm's financial reports. Have their audit committee comprised of only executives employed by the firm. Collect reimbursements from the U.S. government if financial restatements occur. All of the above.

Have executives vouch for the accuracy of a firm's financial reports.

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is: Question options: Operating under the compliance-based approach. Practicing "tone at the top." Operating under the integrity-based approach. Operating under the instrumental policy approach.

Operating under the compliance-based approach.

People's ethical beliefs come from: Question options: Legislative action and judicial decisions. Reading the company's profit and loss statements. Their religious background, family, and education. The organization's code of ethics.

Their religious background, family, and education.

Businesses are expected to be ethical in their relationships with: Question options: Stockholders. Customers. Competitors. All of the above.

all of the above

The core components upon which a company's ethical performance depends include: Question options: The values and virtues of the managers. The personal character of the managers and employees. The traditions, attitudes, and business practices built into a company's culture. All of the above.

all of the above

a shared resource, such as land, air, or water, that a group o people uses collectively is a

commons

A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of: Question options: Conflict of interest. Ethical relativism. Moral development. Egotism.

conflict of interest

Ethical challenges for information technology employees include: Question options: Data privacy. Laptop speed. Copyright protection. Both A and C, but not B.

data privacy and copyright protection

Which type of employee is most likely to report ethical issues in the workplace? Question options: Rank and file. Middle managers. Executives. Temporary workers.

executives

Business cannot expect to be profitable while adhering to ethical principles of conduct.

false

Business must develop its own definition of what is right and wrong, apart from ethics.

false

The majority of large U.S. corporations do not have codes of ethics.

false

which statement is not true about the population

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

which of these factors has accelerated the current ecological crisis: world income equality population reduction rapid industrialization all of the above

rapid industrialization

the beverage industry;s partnership Refrigerants Naturally! is attempting to

reduce the use of ozone-depleting chemicals

natural capital refers to the world's:

supply of geology, soil, air, water, and all living things

A conception of right and wrong is: Question options: Impossible to know. The definition of ethics. Determined by power. Based on stakeholder dialogue.

the definition of ethics

According to utilitarian reasoning, an action is ethically preferred when its benefits outweigh its costs.

true

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

true

Ethical ideas are present in all societies, all organizations, and all individual persons.

true

Honesty, integrity and accuracy are absolute requirements of the accounting function.

true

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

true

The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work.

true

Today, more companies than ever, are turning to formal ethics audits to measure the quality of their ethics programs.

true

deforestation - cutting down and not replacing trees - contributes to global warming

true

life-cycle analysis involves collecting information on the lifelong environmental impact of a product, all the way from extraction of raw material, to manufacturing, to its distribution, use and ultimate disposal

true

sustainable development will require technology cooperation through long-term partnerships between companies in developed and developing countries to transfer environmental technologies

true

the leading contributor to global warming is the burning of fossil fuels, which releases carbon dioxide into the atmosphere

true

the world's natural resource base - the air, water, soil, minerals, and so forth - is essentially finite, or bounded

true