BUS 202 Test #2 MC

A free enterprise system refers to

A. Economic assets that are privately owned and exchanged in an open market

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

A. Egoism

Global Market channels involves a firm producing goods in

A. Their home country and exporting them to other countries

When the benefits of an action outweighs its cost, the action is considered ethically preferable according to

A. Utilitarian reasoning

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

A. friendly relationship with an employee

Which of the following is not true about justice reasoning

A. the reasoner is interested in the net value of benefits

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

B. Chaplains

Integrity based ethics programs

B. Combine concern for the law with an emphasis on employee responsibility

Which of the following is true about the UK bribery act

B. Contains a strict liability offense for failure to prevent bribery by commercial organizations

Scholars have found that spirituality

B. Positively affects employee and organizational performance

Most ethics of compliance officers are entrusted to

B. Reduce risk to the company of employee misconduct

At the cores of rights reasoning is the belief that

B. Respecting others is the essence of human rights

A conception of right/wrong is called

B. the definition of ethics

The purpose of the Institute of Business Ethics

C.

Business managers need a set of ethical guidelines to help them

C. Identify and analyze the nature of the ethical problem

Which safeguard is commonly implemented as an employee helpline

C. Reporting mechanisms

The Core components upon which a company's ethical performance depends include

D. All of the above

The purpose of the World Trade Organization is to

B. Eliminate barriers to free trade among nations

The term race to the bottom refers to

B. Moving production jobs to the country with the lower labor costs

A firm has global operations has

B. Some or all of their manufacturing or services operations abroad

Single-party rule by communist parties still remain in

B. Vietnam

Which country enacted new laws to counter bribery and corruption

C. Brazil

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

C. Economic efficiency

Expert attribute the growth of nongovernmental organizations to

C. Greater Openness in many societies (NOT ALL OF THE ABOVE)

A firm that would like to develop a global supply chain would

C. Purchase raw materials, components or supplies from sellers in other countries

The critical component in installing ethics programs are

C. The integration of various ethics safeguards

People's ethical beliefs come from

C. Their religious background, family, and education

What US company is the best example of using globalization to lower the price of its products

C. Walmart

The percentage of global wealth at the bottom of the pyramid is

D. 70 Percent

An example of international and trade institution

D. All of the above

An individual who is a supporter of globalization would argue that it helps develop the world by

D. All of the above

Why should businesses be ethical?

D. All of the above

Which statements below are true about global income

D. Both A and B, but not C

A recent study compared to 1980's about ethics

D. Triple?

An example of a Global Action Network is

C. The Kimberly Process

The SEC filled charges against which financial institution

A. Wells Fargo

A society where economic power is concentrated in the hands of the government officials and political authorities is called

A. A central state control system

Which of the following statements accurately describe the practice of tax inversion

A. A company shifts their headquarters to a foreign country

Under the Sarbanes-Oxely Act corporations are required to

A. Have executives vouch for the accuracy of a firms financial reports (NOT ALL OF THE ABOVE)

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

A. Operating under the compliance based approach

The theory of comparative advantage states

A. Productivity rises more quickly when countries produce goods and services for which they have a natural talent

According to the UN how many transnational corporations operate in the global economy

B. 104,000

Under the World Trade Organization's most favored nation rule

B. All import restrictions are illegal unless proven scientifically

Microfinance refers to:

B. Banks lending money to low-income businesses

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

B. Be kind

Ethics policies typically cover all of the following issues except

B. Encouraging discriminatory personnel practices

The primary purpose of the international monetary fund is to

B. Exchange one currency for another

Recipients of the corporate ethics awards show that

B. Firms can be financially successful and ethically focused

Which statement characterizes the moral reasoning typically found in a child

B. I'll let you play with my toys if I play with yours

Which type of employee is most likely to report ethical issues in the workplace

B. Middle Managers

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

B. Reduced

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

B. Right or wrong

Representation on the World Bank's board of directors is based on

B. The size of the member nation's economy

Which of the following are not considered a risk assessment audit to gauge the effectiveness of a firms programs

B. Top management commitment

A bottom line mentality in business is reflected in what statement

B. We have to beat the others at all costs

When attempting to build ethical safeguards into the company businesses can take the following specific approaches

C. Compliance and Integrity

Business managers need a set of ethical guidelines to help them

C. Identify and analyze the nature of ethical problems

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

C. Institutionalized ethics

Aristotle argued

C. Moral virtue is a mean between t virtues

According to an Annual Gallup poll... highest for honesty and ethics

C. Nurses

The three strategies of globalization can be summarized using what 3 words

C. Sell , make , buy

A giant step is taken towards improving ethical performance

C. Senior level managers signal employees that they believe ehtics is important

The most important agreement which codifies human rights is the

C. The Universal Declaration of Human Rights

A critic of globalization may say that companies decide to manufacture in China mainly because of China's

C. Weak health + safety regulations

Assets that a person accumulates and owns at a certain point in time are called

C. Wealth

The main drawback to utilitarian reasoning is

C. it is difficult to accurately measure cost and benefits

Businesses are expected to be ethical in their relationship with

D. All of the Above

Government has distinctive resources and competencies including

D. All of the Above

A Member of the chartered financial analyst must

D. All of the above

According to the UN, a feature of democracy is

D. All of the above

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

D. Audited by a professional accounting firm

Ethical challenges for information technology include

D. Both A + C

Mature Adults typically base their ethical reasoning on broad principles and relationships such as

D. Both A and B, but not C

According to a 2013 opinion poll Americans held a dim view

D. Business Execs

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

D. Corporate driven

As a business becomes increasingly global

D. Cross Cultural contradictions will increase

Ethisphere Magazine question

D. Ethical Quotient

All of the following are considered to be ethical issues for marketing professionals except

D. Ignoring market fair dealing

The primary goal of a "vulture fund" is to

D. Make a profit

Business execs. are finding that an ethical relationship with a business partner is

D. Often essential in conducting business

Which US Act prohibits executives representing the US based companies from paying bribes

D. The US Foreign Corrupt Practices Act

The most effective ethics programs utilize which of the following

D. all of the above

The Heritage Foundation scored which nation as the most repressed

C. North Korea

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

A. Ethical Climate

All of the following are commitments of the public of the Code of Professional Conduct of the american institute of certified public accountants except

C. Due Process