Ethics Exam 2

A society where economic power is concentrated in the hands of government officials and political authorities is called:

A central state control system.

Most ethics or compliance officers are entrusted to:

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

The core components upon which a company's ethical performance depends include:

All of these answers are correct.

All of the following values are present in most ethical decisions except:

Be kind.

How did Intel eliminate conflict minerals from their supply chain?

By collaborating with most suppliers in the chain including smelters, processors, and traders.

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.

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

Corporate driven.

As business becomes increasingly global:

Cross-cultural contradictions will increase.

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.

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.

A free enterprise system refers to:

Economic assets that are privately owned and exchanged in an open market.

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

Egoism.

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

Employees received paychecks.

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

Executives.

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

Friendly relations with an employee.

All of the following are considered to be ethical issues for marketing professionals except:

Ignoring market fair dealing.

According to an annual Gallup poll, which occupation was consistently ranked the highest for honesty and ethics?

Nurses.

A firm that would like to develop a global supply chain would:

Purchase raw materials, components, or supplies from sellers in other countries.

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

Reporting mechanisms.

At the core of rights reasoning is the belief that:

Respecting others is the essence of human rights.

The three strategies of globalization can be summarized using what three words?

Sell, make, and buy.

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.

An example of a Global Action Network, or GAN, is:

The Kimberley Process.

A conception of right and wrong is:

The definition of ethics.

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.

Global market channels involve a firm producing goods in:

Their home country and exporting them to other countries.

Single-party rule by communist parties still remains in:

Vietnam.

An example of an international financial and trade institution is:

World Bank. International Monetary Fund. World Trade Organization.

According to the United Nations, a feature of democracy is

Fair Elections Independent Media Govermnent with balanced branches of power

The term "race to the bottom" refers to:

Moving production jobs to the country with the lowest labor cost.

Microfinance refers to banks:

Lending money to low-income businesses.

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.

Government has distinctive resources and competencies including:

Knowledge of public policy. Ability to enforce the rules. Revenue from taxation. All of these answers are correct. Correct

The primary purpose of the International Monetary Fund is to:

Lend foreign currency to member countries.

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

Egoism.

Businesses are expected to be ethical in their relationships with:

Stockholders. Customers. Competitors.

A critic of globalization might argue that companies decide to manufacture in China mainly because of China's:

Weak health and safety regulations.

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.