Organizational Ethics and the Law BUS 430

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

Ethical climate.

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

Friendly relations with an employee.

Which of the following organization's code of ethics advocates "loyalty to your organization, justice to those whom you deal and faith in your profession?"

Institute for Supply Management

By law, the financial records of publicly held companies are required to be:

Audited by a certified professional accounting firm.

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.

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.

If a manager approaches ethical issues with a self-centered approach, emphasis will be on:

Economic efficiency.

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

Identify and analyze the nature of the ethical problem.

When a bank employee makes trades using the firm's money without its authorization, the practice is called:

Rogue trading.

A giant step is taken toward improving ethical performance throughout the company when:

Senior-level managers signal to employees that they believe ethics is a high priority.

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

Institutionalizing ethics

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.

A member of the Chartered Financial Analyst Institute (CFA) must: A. Promote the integrity of and uphold the rules governing global capital markets. B. Act with integrity, competence, diligence, respect, and in an ethical manner with the public. C. Maintain and improve their professional competence. D. All of the above.

D. All of the above.

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

D. All of the above.

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

Egoism.