Exam II Review for Ethics

Ethics Resource Center experts have stated that ethical culture impacts firms in what ways?

- Weak ethical cultures can foster ongoing bad behavior. - Strong ethical cultures can mitigate behaviors that could harm the firm.

The Mullahs in Iran is an example of the power of government derived from:

A religious authority

Most ethics or compliance officers are entrusted to:

Act as a liaison between the company and their temporary employees

The antitrust enforcement agencies in the United States have the legal authority to:

Block anticompetitive mergers in the U.S.

Managers' understanding of government regulations is:

Both a domestic and international issue.

According to a 2017 survey, Americans hold a dim view of:

Business Executives

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

Corporate driven

As business becomes increasingly global:

Cross-cultural contradictions will increase.

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

Public policy tools involve a combination of:

Incentives and penalties

In the case Should Facebook be Regulated, the primary market failure was:

Sales incentives to sell user data exceeded those of protecting user privacy.

A recent study found that, compared to the 1980s, managers today place what importance on moral values, such as honesty and forgiveness?

Slightly more important

Around the world, government:

Sometimes cooperates and sometimes is in conflict with business

Businesses are expected to be ethical in their relationships with:

Stockholders, Customers, and Competitors

The ethical concern of invasion of privacy in information technology relates to which issues?

- Data collection - Access to personal information - Electronic mail confidentiality

Researchers have shown that both values and mission policies are particularly popular in which parts of the world?

- Japan - Europe

Corporate culture is accurately described by which statements?

- Observing "the way we do things around here." - A blend of customs, traditions, and shared meanings.

A compliance-based ethics program is characterized by which statements?

- Seeks to avoid legal sanctions - Stresses punishment as a deterrent

A company that has ranked amongst the most ethical firms from 2007 to 2017, according to Forbes magazine, is:

AFLAC

Antitrust laws protect consumers from:

Anticompetitive practices by business.

Government's role is to create and enforce laws that:

Balance the relationship between business and society

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

Be Kind

As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:

Chaplains

When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:

Compliance and Integrity

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

Cross-cultural contradictions arise due to:

Differences between home and host countries' ethical standards.

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

Egoism

Ethics policies typically cover all of the following issues except:

Encouraging discriminatory personnel practices

The industry codes of conduct for accounting, finance, marketing, and information technology are identical, because the same ethical dilemmas exist for all functions.

FALSE

Patterns of government taxing and spending that are intended to stimulate or support the economy are

Fiscal policies

Under the Sarbanes-Oxley Act, corporations are required to:

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

An ethics issue based on cross-cultural contradictions is best illustrated by which example?

Legally marketing a pesticide abroad that has been banned in the U.S.

The primary way of accomplishing public policy is through:

Regulation

People everywhere depend on ethical systems to tell them whether their actions are:

Right or Wrong

One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as:

Temporal immediacy.

Reregulation is:

The increase or expansion of government regulation.

The critical component in installing an effective ethics program is:

The integration of various ethics safeguards into a comprehensive program

European Union regulators accused Uber of engaging in:

Unfair competition.

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:

Utilitarian reasoning.

Governments being asked to regulate driving distractions are examples of a public policy:

input

Elements of public policy

inputs, goals, tools, effects

A conception of right and wrong is:

the definition of ethics

Researchers found that integrity-based ethics programs had what effects on employees?

- They increased their sense of integrity. - They made it easier to deliver bad news to supervisors. - They enhanced their confidence in decision-making.

The most effective ethics programs utilize which of the following

- Written policy - Posters - Quick reference guides

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 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.

Total social regulation costs are:

Significantly higher than total economic regulation costs

Ethical challenges for information technology employees include:

Data privacy and copyright protection

When a government orders companies not to conduct business in another country because of a war, human rights violations, or lack of a legitimate government; these orders are called

Economic sanctions

A member of the Chartered Financial Analyst Institute (CFA) must:

- Promote the integrity of and uphold the rules governing global capital markets - Act with integrity, competence, diligence, respect, and in an ethical manner with the public - Maintain and improve their professional competence

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

- 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

At the core of rights reasoning is the belief that:

Respecting others is the essence of human rights.

When an organization builds ethical safeguards into its daily routines, this is called _____.

institutionalizing ethics