BUS 100 Ch. 5 & 6
By law, financial records of publicly held companies are required to be:
Audited by a certified professional accounting firm.
All of the Following are present values in most ethical decisions.
Be honest, Be said and just, Act responsibly
Integrity-based ethics programs:
Combined concerns for the law with an emphasis on employee responsibility
The main drawback to utilitarian reasoning is that:
Is it difficult to accurately measure both costs and benefits.
Which of the following best illustrates an ethics issue based on cross-culture contradictions?
A. Legally marketing a pesticide abroad that has been banned in the U.S. B. Circumventing government regulations to ensure company profits. C. Hiring child workers in violation of civil law. The answer is A!
Cross-cultureal contradictions arise due to:
Difference between home and host countries' ethical standards.
Under the Sarbanes-Oxley Act, corporations are required to:
Have executive vouch for the accuracy of a firm's financial reports
When attempting to build ethical safeguards into the company, businesses can take the following specific approaches;
Legal and Practical
Most ethics or compliance officers are generally entrusted to:
Reduce the risks to the company of employee misconduct.
The core components upon which a company's ethical performance depends include:
The personal character of the managers and employees, the values and virtues of the managers, and the traditions, attitudes, and business practices built into a company's culture.
