Business Ethics Quiz
Unethical behaviors include all of the following EXCEPT:
deciding not to share confidential information about your client to a friend.
Which of the following statements about harassment is false?
if harassment is unintentional, it is acceptable
The free market system is restricted when all of the following occur EXCEPT:
information is widely available to decision makers.
The case involving a company called Film Recovering Systems in which action was not taken by the company to protect its employees illustrates all the following EXCEPT:
Employees are easily replaced when increasing shareholder profit is the most important objective.
Which of the following is the best definition of ethics?
Ethics are the values, which have developed throughout our lives and influence our moral behavior.
According to the handbook, it is ethical to take home a few office supplies for personal use.
False.
According to the handbook, padding a resume is not an unethical act because so many people do it.
False.
According to the handbook, the correct course of action when your company has an unfair rule is to violate the rule?
False.
Concerns for the health and welfare of employees have seldom been neglected by U.S. companies.
False.
Fortunately, as the handbook says, an employee who stands up for what is right is always likely to be rewarded for behaving ethically.
False.
In a capitalistic economic system, free markets serve as a means of distributing unlimited resources as efficiently as possible.
False.
Studies have shown that most young executives are not confronted by ethical business issues.
False.
The handbook implies that a person watching others behave unethically probably could not have an effect on the outcome by speaking up, so the best course of action is to say nothing?
False.
As part of the decision-making tool, it is recommended that one developed a list of at least _______ option(s).
Five.
Which of the following statements about the Ford Pinto case is false?
Following this case, consumers felt even more confident in Ford's diligence in designing cars for safety
Which of the following reasons led Ford to redesign the Pinto gas tank, making it safer?
Ford actually didn't change the gas tank design, and several injuries and deaths resulted
A colleague asks you to help him shred some secret files that his department was keeping because the files suggest that some activities might have taken place which are contrary to company policy. What do you do?
Help your colleague because he is your friend
In the business world, ethical behavior of individuals is evaluated by:
How we act.
Which of the following is NOT a fundamental principle of free enterprise or capitalism?
Ideally, there should be relatively few competitors in any industry.
Which of the following is NOT part of the step "Determine the facts and state the problem"
If a problem is not clearly identifiable, skip it, it probably isn't important
The basic rule to avoid plagiarism is to cite the source of information you have used in your work. Which of the following is NOT true about citations?
Information that is general or common knowledge must be cited.
Which of the following is NOT part of the legal test for harassment, based on Harris vs. Forklift Systems?
Is the behavior intentional?
Which of the following best describes the decision-making tool provided in the handbook?
It is a mechanism that may be used to thoroughly think through an issue and evaluate the consequences of an action.
How did Johnson & Johnson react to the Tylenol incident in 1982?
Johnson & Johnson made use of all types of media outlets to inform people of the threat of product tampering.
How did the actions of Ford and Johnson & Johnson affect the public view of each company's diligence toward public safety?
Johnson & Johnson reinforced its credo, demonstrating responsibility to the doctors, nurses, and patients who use its products. Ford's reputation was tarnished.
Which of the following is NOT true about the compliance-reactive system?
Laws seldom, if ever, originate from public pressure to prohibit certain actions by businesses.
It is important to determine who stakeholders are or who will be affected by the decisions you make regarding a problem. Which of the following is a TRUE statement about stakeholders?
Make sure to consider all stakeholders including: employees, shareholders, customers, vendors and unintended bystanders.
Which of the following statements about principal-agent relations is NOT true?
Managers should work to satisfy their own needs before the needs of the Board of Directors.
Which of the following is not a test option in the handbook for evaluating an ethical dilemma?
No one will know test
Pareto Optimality is defined as:
Optimal distribution of resources for maximum benefit to society.
Which of the following is NOT true about plagiarism?
Plagiarism is only a concern for academic assignments. or Information obtained from internet sites may be copied and pasted into reports without citation if an author's name is not present.
Which of the following statements about principals? responsibility toward agents is false?
Principals must refrain from controlling agents? actions
Asking yourself, "Would I want others to read about my choice in the newspaper?" is referred to as the _______ test.
Publicity.
It is widely believed that most students:
Rarely set out to cheat but set themselves up for cheating by not taking responsibility for learning.
Which of the following is a component of the fraud triangle?
Rationalization
All of the following statements about harassment are true EXCEPT:
Sexual harassment is the least common form of harassment.
Which of the following is an area indicative of ethical behavior?
Standing up for what you believe in by speaking up and taking action.
Which of the following is true with respect to student cheating?
Students who cheat devalue the education of their peers at their institution.
If a company fails to meet or beat the earnings target set by corporate analysis, what is the most likely outcome?
The company's stock price will fall. The failure is a signal that the company is losing its competitive edge.
Which of the following is probably the best example of a company failing to consider the impact of decisions on employees?
The decision to close a plant and impose a mass layoff.
In order for fraud to occur, there must be:
The intent of one party to deceive the other party.
Which of the following is evidence of rationalization?
The justification of your action because you are following orders.
The notion that each person has rights that are inalienable or should not be taken away except in drastic situations is known as the:
Theory of Rights.
Which of the following is a potential positive consequence of harassment?
There are no positive consequences of harassment
The following statement about bait and switch as an example of fraud is false:
There is no deliberate intention to deceive on the company?s part.
Ultimately, the course of action an employee may face if no other resolution is possible in an ethical challenging situation is:
To resign from the company.
Which of the following is NOT a purpose of the ethics handbook?
To teach you how to be ethical
Harassment starts with someone who often fails to consider how his or her actions and words may impact others.
True.
Individuals should seek the advice of an attorney before reporting illegal conduct to law enforcement authorities or any outside party.
True.
One of the primary reasons that students plagiarize is because they do not allow enough time to complete the assignment on their own time.
True.
The handbook implies that a person watching others behave unethically probably could have a significant positive effect on the outcome by speaking up, so the best course of action is to speak up
True.
When faced with an unfair company rule, what should you do?
Try to get the rule changed, while obeying the rule.
Which of the following ethical frameworks suggests that we should treat others as we expect others to treat us?
Utilitarianism
Which of the following allows employees to engage in collective bargaining even if they are not formally unionized?
Wagner act
A person facing an ethical challenge who decides to inform higher levels of authority about the situation is called a:
Whistle-blower
Earning manipulation is one of the common areas subject to ethical dilemmas. Which of the following is a common motivation for earnings manipulation?
Your quarterly bonus is based on meeting the earnings target.
The use of deception on resumes in order to get a job for which one might not otherwise be qualified for is estimated to present in what percent of resumes?
10%
Which of the following is NOT true with respect to conceptual foundations of values or ethics?
All of the responses are true
Which of the following is true with regard to how bad decisions happen to good people?
All of the responses are true
Which of the following best represents the way in which a person usually becomes involved in an ethical business issue?
A person developed increased tolerance for behaviors that become unacceptable.
The most common unethical means for management to manipulate earnings in order to meet forecasted expectations is:
Accelerated recognition of revenue.
Which of the following is NOT example of rationalization?
Accepting a year-end bonus.
Codes of ethics are used to communicate to formalize sets of values for groups of people. Which of the following is NOT true about codes of ethics.
Accountancy is the only discipline with a formal code of ethics.
What is the critical component of ethical behavior?
Action.
What term is used to describe managers that are actively engaged in the day-to-day operation of the organization?
Agents.
Which of the following is true with regard to plagiarism?
All answers are true.
Which of the following is a common rationalization for cheating?
All of the above are rationalizations.
Why do I need to be aware of ethics?
All of the above are reasons to be aware of ethics.
An example of a social precept or guideline that calls for particular behaviors that we are expected to following in a social group includes:
All of the above.
Ethics are the values that we have developed from:
All of the above.
Which of the following can be a contributing factor for unethical student behavior in class?
All of the above.
Which of the following is expected of a student under the College of Business Student Code of Ethics?
All of the above.
An unscrupulous business tactic known as _____ advertises a product at a low price but when the customer comes in to buy, only more expensive produces are available.
Bait and switch.
Which of the following is an important component of capitalism?
Buyers define their preferences by choosing among a variety of potential sellers and determining which combination of a price and quality is appropriate for their own needs.
If you are presented with an ethical dilemma at work, usually the best course of action is to first:
Discuss the situation with your immediate supervisor
Asking yourself, ?Could I defend my choice of this option before a Congressional committee or a jury of my peers?? is an example of the _____ test.
Defensibly.
Theoretically, the consumers in a free market system influence the actions of the participants by
Choosing what to buy, from whom to buy, and for what price.
All of the following are true about codes of ethics EXCEPT:
Codes of ethics are often referred to as "misconduct codes"
You overhear a co-worker suggest that Frank, a person you know to be honest, is actually stealing from your company. What should you do?
Correct this false impression
Which of the following is the first step in the decision-making tool?
Determine the facts and state the problem.
