Ethics Chapter 4 multiple choice

Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence

Reduced

In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

70%

The Sarbanes-Oxley Act

requires executives to pay back bonuses based on earning that are later proved fraudulent

A conception of right and wrong is

the definition of ethics

At the core of rights reasoning is the belief that

respecting others is the essence of human rights

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

right or wrong

Businesses are expected to be ethical in their relationships with

stockholders, customers, competitors

A just or fair ethical decision occurs when

the benefits and burdens are distributed equally

As business becomes increasingly global

Cross-cultural contradictions will increase

Which statement characterizes the moral reasoning typically found in a child?

I'll let you play with my toy if you play with mine

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

Utilitarian Reasoning

According to a 2009 opinion poll, Americans hold a dim view of

Wall street executives

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

be respectful

Under the Sarbanes-Oxley Act, corporations are required to

have executives vouch for the accuracy of the firm's financial statements

Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions

legally selling a pesticide abroad that is banned in the U.S.

Business executives are finding that a trusting, ethical relationship with a business partner is

often essential in conduction business

People's ethical beliefs come from

their religious background, family, and education

A bottom-line mentality in business is reflected in which statement

we have to beat the others at all costs

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

chaplains

A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of

conflict of interest

Cross-cultural contradictions arise due to

differences between home and host's countries ethical standards

Business managers need a set of ethical guidelines to help them

identify and analyze the nature of an ethical problem

The main drawback to utilitarian reasoning is that

it is difficult to accurately measure both costs and benefits

Scholars found that spirituality

positively affects employee and organizational performance

Which of the following is not true about justice reasoning?

the reasoner is interested in the net value of the benefits