Ethics Chapter 5

By law, the financial records of publicly held companies are required to be

audited by a certified professional accounting firm

Integrity-based ethics programs

combines concerns for the law with an emphasis on employee responsibility

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

Recipients of the corporate ethics awards show that:

firms can be financially successful and ethically focused

Which of the following organization's code of ethics advocates "loyalty to your organization, justice to those whom you deal and faith in your profession?"

institute for supply management

Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their

Ethical Quotient (EC)

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

corporate driven

If a manager approaches ethical issues with a self-centered approach, emphasis will be on:

economic efficiency

The critical component in installing an effective ethics program is:

the integration of various ethics safeguards into a comprehensive program

One of the most widespread and potentially powerful efforts to combat bribery was initiated by

the organization for economic cooperation and development

Which of the following is not an example of a white-collar crime?

theft

Which of the following is not a typical use of an ethics reporting mechanism?

to give employees an opportunity to discuss the appropriate rating on their annual rating

Which ethical criterion is described by the idea that a company should strive for efficiency

egoism

Ethics policies typically cover all of the following issues except

encouraging discriminatory practices

The unspoken understanding among employees of what is and is not acceptable behavior is called:

ethical climate

If a manger approaches ethics with benevolence in mind, he or she would stress what?

friendly relations with an employee

Business managers need a set of ethical guidelines to help them

identify and analyze the nature of an ethical problem

Building ethical safeguards into a company's everyday routines is called

institutionalizing ethics

In the United States and Latin America, ethics policies were found to be primarily

instrumental - providing rules and procedures for employees to follow to adhere to laws

Typically, ethics training is offered to

managers

A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is

operating under compliance based ethics

Most ethics or compliance officers are generally entrusted to:

reduce the risks to the company's employee misconduct

When a bank employee makes trades using the firm's money without its authorization, the practice is called:

rogue trading

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

Which U.S. Act prohibits executives representing U.S.-based companies from paying bribes to foreign government officials, political parties, or political candidates:

the US foreign corrupt practices act