Chapter 1 Quiz

Many studies have found a positive relationship between which of the following?

And ethical culture and good business performance

Less than half of the respondents of a recent survey reported having an overall trust and business. Which of the following industries has the lowest rating after the most recent financial meltdown?

Banking

Because of the recent global financial meltdown, many stakeholders began to question the basic assumptions of ____________, as well as how government institutions provide oversight and regulation.

Capitalism

It is generally excepted that____________ and maintaining long-term relationships are some of the most important factors in a successful business strategy.

Customer satisfaction

An organization that has a strong ethical environment usually has a core value of placing ___________ interest first.

Customers

The Sarbanes - Oxley act made it legal illegal for US businesses to issue bribes to foreign government official.

False

The consumers bill of rights decreed by President John F Kennedy specified all of the following except the right to Safety Be heard Be informed To choose

Freedom

The _____________ is a set of 10 principles concerning human rights, labor, the environment, and anticorruption. This document six to create openness and alignment I'm on business, government, society, labor, and the United Nations.

Global compact

Which of the following is a highly admired company for its high ethical standards's?

Granite construction

Before anything else, businesses must _____________ to survive.

Make a profit

According to the text, business ethics comprises organizational principles, values, and________ that may originate from individuals, organizational statements, or from the legal system.

Norms

And organizations obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to it's

Social responsibility

Business ethics was institutionalized through the federal sentencing guidelines for organizations during which of the following periods

The 1990s

The ethical component of a corporate culture relates to the values, beliefs, and established and enforced patterns of conduct that employees use to identify and respond to ethical issues.

True

Which of these argued that it is important to eradicate all wrongdoing in a large corporation, and that the best one can hope is that the wrongdoing is minor and caught in time?

Warren Buffet