BUSINESS ETHICS FERRELL FRAEDRICH
CERTIFICATION REVIEW 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
⩥ Principles. Answer: are specific and pervasive boundaries for
behaviors that are universal and absolute
⩥ Values. Answer: used to develop norms that are socially enforced.
⩥ Consumer Bill of Rights. Answer: 1962 JFK said four basic rights:
safety, informed, choose, be heard
⩥ Social Responsibility. Answer: an organization's obligation to
maximize its positive impact on stakeholders and minimize its negative
impact economic legal ethical and philanthropic
⩥ Federal Sentencing guidelines for Organizations. Answer: approved
by congress in November 1991 follow standards and you won't be held
responsible if wrongdoing is found
⩥ Defense Industry Initiatives. Answer: 1986 guide corporate support
for ethical conduct
, ⩥ Sarbanes Oxley. Answer: ethics reform in 2002, increased accounting
regulations, CEO and chief financial officer held personally responsible
in ethical wrongdoing
⩥ didd-frank wall street reform and consumer protection act 14. Answer:
addressed some of the issues related to the financial crisis and recession,
designed to make the financial services industry more ethical and
responsible. Required regulators to create hundreds of rules to promote
financial stability, improve accountability and transparency, and protect
consumers from abusive financial practices
⩥ Ethical Culture. Answer: the character of the decision making process
that employees use to determine whether their responses to ethical issues
are right or wrong
⩥ Stakeholders. Answer: have a stake in the company and its outcomes
⩥ Stakeholder Orientation. Answer: the degree to which a firm
understands and addresses stakeholder demands. generate data.
Distribution of information. Organizations responsiveness
⩥ primary stakeholder. Answer: those whose continued association is
absolutely necessary for a firm's survival including employees,
customers, investors, and shareholders
CERTIFICATION REVIEW 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
⩥ Principles. Answer: are specific and pervasive boundaries for
behaviors that are universal and absolute
⩥ Values. Answer: used to develop norms that are socially enforced.
⩥ Consumer Bill of Rights. Answer: 1962 JFK said four basic rights:
safety, informed, choose, be heard
⩥ Social Responsibility. Answer: an organization's obligation to
maximize its positive impact on stakeholders and minimize its negative
impact economic legal ethical and philanthropic
⩥ Federal Sentencing guidelines for Organizations. Answer: approved
by congress in November 1991 follow standards and you won't be held
responsible if wrongdoing is found
⩥ Defense Industry Initiatives. Answer: 1986 guide corporate support
for ethical conduct
, ⩥ Sarbanes Oxley. Answer: ethics reform in 2002, increased accounting
regulations, CEO and chief financial officer held personally responsible
in ethical wrongdoing
⩥ didd-frank wall street reform and consumer protection act 14. Answer:
addressed some of the issues related to the financial crisis and recession,
designed to make the financial services industry more ethical and
responsible. Required regulators to create hundreds of rules to promote
financial stability, improve accountability and transparency, and protect
consumers from abusive financial practices
⩥ Ethical Culture. Answer: the character of the decision making process
that employees use to determine whether their responses to ethical issues
are right or wrong
⩥ Stakeholders. Answer: have a stake in the company and its outcomes
⩥ Stakeholder Orientation. Answer: the degree to which a firm
understands and addresses stakeholder demands. generate data.
Distribution of information. Organizations responsiveness
⩥ primary stakeholder. Answer: those whose continued association is
absolutely necessary for a firm's survival including employees,
customers, investors, and shareholders
