MAN 3065

____________ is the offering of something of value in order to gain an illicit advantage

Bribery

______________ law defines the rights and duties of individuals and organizations (including businesses)

Civil

what type of fraudulent activity involves an employee who assists a consumer in fraud?

Collusion

the _________ is an independent agency within the Federal Resource system that " regulate(s) the offering and provision of consumer financial products of services under the Federal Consumer financial laws"

Consumer Financial Protection Bureau

_____________ focus(es) on developing sound organizational practices and integrity for financial and non financial performance, measures, rather than on an individual's morals

Core practices

what type of fraudulent activity could involve a consumer staging an accident to seek damages?

Duplicity

_________ are used to obtain or retain business and are not generally considered illegal in the United States

Facilitation payments

Which of the following is not an aspect of the institutionalization of social responsibility?

Familiar responsibilities

which of the following provide incentives for developing core practices within a firm the could help ensure ethical and legal compliance?

Federal Sentencing Guidelines for Organizations, Sarbanes-Oxley Act, and Dodd-Frank Act

____________ is associated with a person who is crafty or understands right/wrong behavior but uses tricks to obtain an unfair advantage

Guile

which of the following is not a reason why the institutionalization of business ethics has progressed in recent decades?

Institutionalization of ethics is now mandated for all organizations by governments around the world

____________ is an important element of virtue and means being whole, sound, and in an unimpaired condition

Integrity

Externally imposed boundaries of conduct, such as laws, rules, regulations, and other requirements are known as

Mandated boundaries

which of the following acts exempted the insurance industry from antitrust legislation?

McCarran-Ferguson Act of 1944

which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle, was the first consumer protection legislation?

Pure Food and Drug Act of 1906

which of the following acts can be classified as pro-competitive legislation?

Sherman Antitrust Act of 1890

Which of the following groups is not a group that receives special legal protections?

The highly educated

which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations' line of business?

Thompson memo

the _____________ makes it illegal for individuals, firms, or third parties doing business in American markets to "make payment to foreign government officials to assist in obtaining or retaining business"

U.S. Foreign Corrupt Practices Act (FCPA)

Donation of computer equipment to schools by Toshiba would be associated with ________________ responsibilities

Voluntary

which of the following statements is most correct?

affirmative action programs involve efforts to recruit, hire, train, and promote qualified individuals from groups that have traditionally been discriminated against on the basis of race, gender, or other characteristics

laws and regulations change over time; however, in the United States the thrust of most business legislation can be summed up as

any practice is permitted that does not substantially reduced competition and harm consumers or society

what is a primary reason why some small businesses resist the opening of large chain retailers like Walmart or Home Depot?

because the large size creates economies of scale and they can change lower prices

___________ is associated with a hostile workplace where someone considered a target is threatened, harassed, belittled, or verbally abused

bullying

A secret agreement between two or more parties for a fraudulent, illegal, or deceitful purpose is known as

collusion

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

conflicts of interest

what type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?

consumer

An employee sorts through a competing business's trash to see if there are any documents that could reveal secret information. This is a misuse of

corporate intelligence

which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

creates an organization to pay the bills of low-income consumers

The first step toward understanding business ethics is to

develop ethical issue awareness

which of the following is not a provision of the Sarbanes-Oxley Act?

developed the Consumer Financial Protection Bureau

The primary objective of U.S. antitrust laws is to

distinguish competisse strategies that enhance consumer welfare from those that reduce it

A major purpose of the Federal Sentencing Guidelines for organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to

encourage employee to report misconduct

A(n) ___________ requires an individual to choose among several actions that have negative outcomes

ethical dilemma

anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

free samples

Issues related to fairness and honesty may arise because business is sometimes regarded as a

game governed by its own rules rather than those of society

___________ must be trusted to make business work properly and includes accountants

gatekeepers

_______________ means the message has a tendency to mislead, confuse, or deceive the public

implied falsity

The ______________ of ethics involves embedding values, norms and artifacts in organizations, industries and society

institutionalization

an activity is probably ethical if it

is approved of by most individuals in the organization and is customary in the industry

Some, especially those in business, complain that the Sarbanes-Oxley Act and similar legislation

is excessively complex and financially burdensome

war metaphors are common in business. This kind of mindset can be dangerous for business leaders because

it may foster the idea that honesty is unnecessary in business

Mr. Smith told his client, Mr. Jabar, who was not an IT expert, that the new software systems were much better than his existing ones. To convince Mr. Jabar, Mr. Smith used a great deal of technical jargon that his client did not really understand. Mr. Smith did this intentionally to confuse Mr. Jabar. This is an example of

noise

which of the following is true regarding abusive and intimidating behavior?

not everyone agrees on what constitutes abusive behavior

Abusive or intimidating behavior is the most common ethical problem for employees. which of the following is not related to this concept?

performance probation

which of the following is one fo the seven steps that the U.S. Sentencing Commission requires for an effective, compliance program?

provide oversight by high-ranking personnel

which a restaurant claims that it sells the world's best cup of coffee, it could be accused of

puffery

An interchanging of giving and receiving in social relationships is known as

reciprocity

Creating a perception or belief by words that intentionally deceives someone is

related to lying by commission

An ethical issue is a problem, situation, or opportunity

requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong, ethical or unethical

the ___________ desire to find a solution to a social problem rather than to simply earn profits

social entrepreneur

________________ is the synergistic and mutually beneficial use of an organization's core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits

strategic philanthropy

which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 10 to 30 percent of fines if their reports result in convictions of more than $1 million in penalties?

the Dodd-Frank Act

which of the following is none of the three criteria that must be met to constitute a hostile work environment?

the conduct was unwelcome

Mandated boundaries of conduct are imposed by

the legal system

Accountants must abide by a strict code of ethics that defines their responsibilities to

their clients and the public interest

Optimization is defined as

trade-off between equity and efficiency

A company can be sued for discrimination if it

uses age as a hiring or firing criterion

how do violations of the law usually start?

when businesspeople stretch the limits of ethical standards

the ethical decision-making process begins

when stakeholders trigger ethical issues awareness and individuals openly discuss it with others.