BUS 220 Final Exam Review

Which of the following is NOT an economic criterion for evaluating a CR strategy? A. Does the CR implement successful greenwashing? B. Does the CR help to reduce risks? C. Does the CR improve stakeholder relationships? D. Does the CR increase efficiency, inspire innovation and identify new markets? E. Does the CR-strategy improve long-term competitiveness?

A. Does the CR implement successful greenwashing

What is an ethics and compliance program of an (business) organization? A. A formal, internal mechanism that implements ethics and compliance throughout an organization B. A strategy of corporate social responsibility C. A code of conduct D. A philanthropic engagement E. A voluntary program offered to employees

A. A formal, internal mechanism that implements ethics and compliance throughout an organization

Which of the following is an accurate description of the Bystander Effect? A. A large number of people around a critical situation can result in diffusion of responsibility and no one taking action B. More persons observing a critical situation increases the probability that someone will intervene C. Bystanders are persons who actively encourage and support others to help D. Bystanders are government officials that observe proper legal action E. All of the above

A. A large number of people around a critical situation can result in diffusion of responsibility and no one taking action

Which of the following is NOT a typical ethical issue relevant to marketing? A. Courage B. Privacy C. Truthfulness D. Manipulation E. All of the above

A. Courage

Which of the following is a potential ethical issue in big data analysis and marketing? A. Infringement of privacy B. Conflict of interest C. Bribery D. Insider trading E. Product safety

A. Infringement of privacy

Which of the following is NOT an important normative guideline for global business? A. NBA rules B. Un Global Compact C. Human Rights Declaration D. Rio Declaration on the Environment E. All of the above

A. NBA rules

Which of the following is NOT a fundamental relationship addressed by the concept of sustainability? A. The relationship with interstellar matter B. The relationship with future generations C. Global) relationships among contemporaries D. The relationship with nature

A. The relationship with interstellar matter

Under stakeholder theory, the most accurate description of the role of business is: A. To find ways to make all stakeholders better off B. To prioritize the interests of shareholders over other stakeholders C. To maximize shareholder returns in a way that benefits society D. To partner with the government in addressing broader societal issues

A. To find ways to make all stakeholders better off

Which of the following is an accurate characterization of whistleblowers? A. Whistleblowers are members of an organization who inform the public about a serious wrongdoing in the organization that endangers the public interest B. Whistleblowers are independent, external referees C. Whistleblowers are consultants who hint to deficits in an organization D. Whistleblowers are government officials who investigate an organization E. Whistleblowers are members of a nonprofit organization that investigates for-profit businesses

A. Whistleblowers are members of an organization who inform the public about a serious wrongdoing in the organization that endangers the public interest

To which of the following do employees have a legal right (in the US)? A. to get at least minimum wage B. to get promoted C. to get a leadership position D. to be permanently employed E. to 60 days of paid vacation

A. to get at least minimum wage

Which of following situations was Aaron Beam facing on the first day of his new job?

Aaron's supervisor lied to his boss about Aaron having contributed to a new contract

An ethical dilemma occurs when:

An individual is faced with choosing between 2 conflicting ethical values, both of which are right

Which of the following is an accurate description of the Bystander Effect? A. More persons observing a critical situation increases the probability that someone will intervene B. A large number of people around a critical situation can result in diffusion of responsibility and no one taking action C. Bystanders are persons who actively encourage and support others to help D. Bystanders are government officials that observe proper legal action E. All of the above

B. A large number of people around a critical situation can result in diffusion of responsibility and no one taking action

Which of the following is NOT a formal criterion for evaluation a CR strategy? A. Does the company issue a CR report? B. Does the company advertise in social media? C. Does the CR report provide measurable data and well-defined goals? D. Does the company provide external assurance for its CR data? E. Does the CR consider established reporting guidelines and business norms

B. Does the company advertise in social media?

Which of the following describes the typical ethical dilemma in a whistleblowing situation? A. Utilitarian versus deontological perspectives B. Loyalty to the organization versus responsibilities toward society C. Conflict of interest D. Conflicting personal opinions E. All of the above

B. Loyalty to the organization versus responsibilities toward society

Which aspect is NOT relevant for judging whether a leader/leadership is ethical? A. Actions and means of the leadership B. Number of followers C. Character of the leader D. Ends of the leadership E. Impacts of the leadership

B. Number of followers

Which of the following statements does NOT properly characterize professional ethics? A. Specific professional expertise implies specific ethical responsibilities B. Professional ethics is identical with personal values C. Professions uphold and consider the public interest D. If you are an expert in a certain field, others rely on you and trust you E. Professional ethics reflects public expectations of how the professionals should act

B. Professional ethics is identical with personal values

Which of the following is an accurate characterization of whistleblowers? A. Whistleblowers are government officials who investigate an organization B. Whistleblowers are members of an organization who inform the public about a serious wrongdoing in the organization that endangers the public interest C. Whistleblowers are independent, external referees D. Whistleblowers are members of a nonprofit organization that investigates for-profit businesses E. Whistleblowers are consultants who hint to deficits in an organization

B. Whistleblowers are members of an organization who inform the public about a serious wrongdoing in the organization that endangers the public interest

Which of the following does NOT belong to the ethical criteria for evaluating CR strategies? A. Does the CR strategy sufficiently address all business-specific responsibilities of the company? B. Is the CR strategy credibly maintained in all business operations? C. Is the CR strategy identical with CR activities of other industries? D. All of the above E.None of the above

C. Is the CR strategy identical with CR activities of other industries?

Which of the following is an accurate characterization of a "sustainable business"? A. Is not interested in making any profits B. Aims at sustaining itself by all means C. Systematically considers environmental, societal and future aspects of its business operations and products in a way which is ethically sound and improves its competitiveness and long-term success D. Does not pay any taxes E. Is exclusively devoted to environmental activism

C. Systematically considers environmental, societal and future aspects of its business operations and products in a way which is ethically sound and improves its competitiveness and long-term success

Which of the following organizations develops an important ethics code in the field of accounting? A. UN B. WTO C. NBA D. AICPA E. UNESCO

D. AICPA

An ethical dilemma occurs when: A. An individual faces a difficult choice B. An individual is faced with choosing between right and wrong C. An individual faces 2 unpleasant alternatives D. An individual is faced with choosing between 2 conflicting ethical values, both of which are right E. None of the above

D. An individual is faced with choosing between 2 conflicting ethical values, both of which are right

What critical aspect of obedience to authority did the Milgram experiment highlight? A. A large number of persons are not willing to follow any advice from authorities B. Most people disrespect any authority C. Most people only follow ethical commands from authority D. Blind obedience to authority resulted in unethical actions by a significant number of people E. All of the above

D. Blind obedience to authority resulted in unethical actions by a significant number of people

Why can conformity become a potential ethical issue? A. Conformity is always unethical B. Conformity constitutes by definition an ethical dilemma C. Conformity is always ethically desirable D. Conformity can potentially result in individual unethical action due to group pressure E. All of the above

D. Conformity can potentially result in individual unethical action due to group pressure

Which of the following is an ethical issue that can potentially result from large asymmetries in power and capabilities in the global economy? A. Pareto improvement B. Development C. Lying D. Exploitation E. Whistle-blowing

D. Exploitation

Which of the following characterizes best the literal meaning of sustainability? A. Sustainability means the ability to change B. Sustainability means continuing any ability C. sustainability means the ability to substitute anything D. Sustainability means the ability to maintain something over time E. Sustainability means the ability to grow

D. Sustainability means the ability to maintain something over time

1. Which of the following are typical stakeholders? A. Customers B. Employees C. Communities D. Shareholders E. All of the above

E. All of the above

To which of the following do employees have a moral right? A. Fair and equal treatment B. Due process in the workplace C. Respectful treatment D. Protection of safety and health E. All of the above

E. All of the above

Which of the following are typical causes for ethical issues in the global economy? A. Lack of, or inadequate, regulation B. Extreme asymmetries in power and/or capabilities C. Complex (often not transparent) systems such as supply chain and product life cycles D. Ineffective or corrupt governments E. All of the above

E. All of the above

Which of the following is a reason for implementing ethics and compliance programs in organizations? A. Minimizing risks of employee misconduct B. Minimizing internal frictions and conflicts C. Professionally addressing internal issues and conflicts D. Legal aspects; minimizing risk of fines/penalties E. All of the above

E. All of the above

Which of the following is a typical business-benefit resulting from diversity? A.Improves stakeholder relationships B. Improves decision-making C. Fosters innovation and creativity D. Reduces risks E. All of the above

E. All of the above

Which of the following promotes a strong ethical culture? A.Organizational design and formal mechanisms B. Ethical leadership C. Proper embedment of ethics into corporate governance D. Support from society and stakeholders E. All of the above

E. All of the above

According to the definition discussed in class, great leadership is: A. Transformative and efficient B. Authoritarian and hierarchical C. Efficient and effective E. Effective and ethical F. Efficient and hierarchical

E. Effective and ethical

Which of the following is NOT a core principle of professional ethics? A. Integrity B. Objectivity C. Public Interest D. Competency E. Generosity

E. Generosity

Which of the following does the accounting profession recognize as the public interest it serves? A. Environmental sustainability B. Public health C. National security D. Public safety E. The orderly functioning of commerce

E. The orderly functioning of commerce