MGS 3520- chapter 6
Which of these statements is true about the U.K. Bribery Act? (chap 6)
Contains a strict liability offense for failure to prevent bribery by commercial organizations.
Which of the following is not an example of an ethical criterion? (chap 6)
Corporate driven
In the United States, most ethics policies are primarily based on the company's mission and vision. (chap 6)
False
The majority of large US corporations do not have codes of ethics (chap 6)
False
Business managers need a set of ethical guidelines to help them: (chap 6)
Identify and analyze the nature of the ethical problem.
All of the following are considered to be ethical issues for marketing professionals except: (chap 6)
Ignoring Market fail dealing
Building ethical safeguards into a company's everyday routines is called: (chap 6)
Institutionalizing ethics
Which U.S. Act prohibits executives representing U.S.-based companies from paying bribes to foreign government officials, political parties, or political candidates? (chap 6)
The U.S. Foreign Corrupt Practices Act
The critical component in installing an effective ethics program is: (chap 6)
The integration of various ethics safeguards into a comprehensive program
Ethics training is typically the most costly element of an ethics program (chap 6)
True
All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except: (chap 6)
due process
Which ethical criterion is described by the idea that a company should strive for efficiency (chap 6)
egoism
The unspoken understanding among employees of what is and is not acceptable behavior is called: (chap 6)
ethical climate
It is impossible for multiple ethical climates to exist within one organization. (chap 6)
false
The American Institute of Certified Public Accountants Code directs accountants to be steadfast in honorable behavior, but not to the point of personal sacrifice. (chap 6)
false
The majority of large U.S. corporations do not have codes of ethics. (chap 6)
false
If a manager approaches ethics with benevolence in mind, he or she would stress what? (chap 6)
friendly relations with an employee
A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is (chap 6)
operating under compliance based ethics
Which of these component are NOT considered during a risk assessment audit to gauge the effectiveness of a firm's ethics programs? (chap 6)
the financial bottom line
According to a recent Transparency International survey, Denmark and New Zealand are two countries that are least likely to be subjected to bribery. (chap 6)
true
Bribery is found in nearly every sector of the global marketplace, but can be worse in some parts of the world (chap 6)
true
Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically. (chap 6)
true
The Principles and Standards of Ethical Supply Chain Management Conduct focuses on integrity, value, and loyalty. (chap 6)
true
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches; (chap 6)
Compliance and integrity
A company that has ranked amongst the most ethical firms from 2007 to 2017, according to Forbes magazine, is: (chap 6)
AFLAC
The core components upon which a company's ethical performance depends include: (chap 6)
All are correct: - The personal character of the managers and employees - the values and virtues of the managers, - the traditions, attitudes, and business practices built into a company's culture.
By law, the financial records of publicly held companies are required to be: (chap 6)
Audited by a certified professional accounting firm
Marketing ethics include having concern for consumer health and safety issues (chap 6)
True
Which type of employee is most likely to report ethical issues in the workplace? (chap 6)
Executives
In most companies, a moral atmosphere cannot be detected. (chap 6)
false