Name Clas Dat
: s: e:
Chapter 01: The Importance of Business Ethics
1. Corporate social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
b. principles, values, and norms that primarily guide individual and group behavior in the world of business.
c. the institutionalization of business ethics into all levels of business decision making.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its reputation with stakeholders.
ANSWER: a
2. The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting
scandals of the early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
3. Which of the following is not one of the rights spelled out by John F. Kennedy in his "Consumers' Bill of Rights"?
a. The right to choose
b. The right to safety
c. The right to be informed
d. The right to be ethical
e. The right to be heard
ANSWER: d
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
5. Business ethics, as a field, has passed through which of the following states?
a. A field of study to theological discussion to recognition of social issues
b. Recognition of social issues to a field of study to theological discussion
c. A field of study to recognition of social issues to theological discussion
d. Recognition of social issues to theological discussion to a field of study
e. Theological discussion to recognition of social issues to a field of study
ANSWER: e
6. The 1960s saw a rise of consumerism. What is consumerism?
Copyright Cengage Learning. Powered by Cognero. Page 1
, Name Clas Dat
: s: e:
Chapter 01: The Importance of Business Ethics
a. An increase in consumer rights by individuals, organizations, and governments
b. The growth of international retail chain stores that served global consumers
c. Activities undertaken by independent individuals, groups, and organizations to protect their rights as
consumers
d. The widespread adoption of consumer-oriented marketing strategies among businesses
e. The tendency of organizations to view consumers as their most important stakeholder
ANSWER: c
7. Business ethics is a part of decision making
a. at all levels of work and management.
b. made primarily by top management.
c. that stems from individual moral philosophies.
d. that is less important than other decision making processes.
e. that is not emphasized in most of today's organizations.
ANSWER: a
8. Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a
method for discussing best practices?
a. Federal Sentencing Guidelines for Organizations
b. Defense Industry Initiative on Business Ethics and Conduct
c. Corporate codes of conduct
d. U.S. Sentencing Commission
e. The Southern Common Market
ANSWER: b
9. The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government
regulation.
a. U.S. Sentencing Commission
b. Defense Industry Initiative on Business Ethics and Conduct
c. World Trade Organization
d. United Nations Global Compact
e. Federal Sentencing Guidelines for Organizations
ANSWER: e
10. Morals
a. are the same as principles and ethics.
b. relate to the business's ethical culture.
c. are emphasized in business ethics programs.
d. relate to you and you alone.
e. do not have much influence over individual ethical decision making.
ANSWER: d
11. Values are
Copyright Cengage Learning. Powered by Cognero. Page 2
: s: e:
Chapter 01: The Importance of Business Ethics
1. Corporate social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
b. principles, values, and norms that primarily guide individual and group behavior in the world of business.
c. the institutionalization of business ethics into all levels of business decision making.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its reputation with stakeholders.
ANSWER: a
2. The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting
scandals of the early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
3. Which of the following is not one of the rights spelled out by John F. Kennedy in his "Consumers' Bill of Rights"?
a. The right to choose
b. The right to safety
c. The right to be informed
d. The right to be ethical
e. The right to be heard
ANSWER: d
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
5. Business ethics, as a field, has passed through which of the following states?
a. A field of study to theological discussion to recognition of social issues
b. Recognition of social issues to a field of study to theological discussion
c. A field of study to recognition of social issues to theological discussion
d. Recognition of social issues to theological discussion to a field of study
e. Theological discussion to recognition of social issues to a field of study
ANSWER: e
6. The 1960s saw a rise of consumerism. What is consumerism?
Copyright Cengage Learning. Powered by Cognero. Page 1
, Name Clas Dat
: s: e:
Chapter 01: The Importance of Business Ethics
a. An increase in consumer rights by individuals, organizations, and governments
b. The growth of international retail chain stores that served global consumers
c. Activities undertaken by independent individuals, groups, and organizations to protect their rights as
consumers
d. The widespread adoption of consumer-oriented marketing strategies among businesses
e. The tendency of organizations to view consumers as their most important stakeholder
ANSWER: c
7. Business ethics is a part of decision making
a. at all levels of work and management.
b. made primarily by top management.
c. that stems from individual moral philosophies.
d. that is less important than other decision making processes.
e. that is not emphasized in most of today's organizations.
ANSWER: a
8. Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a
method for discussing best practices?
a. Federal Sentencing Guidelines for Organizations
b. Defense Industry Initiative on Business Ethics and Conduct
c. Corporate codes of conduct
d. U.S. Sentencing Commission
e. The Southern Common Market
ANSWER: b
9. The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government
regulation.
a. U.S. Sentencing Commission
b. Defense Industry Initiative on Business Ethics and Conduct
c. World Trade Organization
d. United Nations Global Compact
e. Federal Sentencing Guidelines for Organizations
ANSWER: e
10. Morals
a. are the same as principles and ethics.
b. relate to the business's ethical culture.
c. are emphasized in business ethics programs.
d. relate to you and you alone.
e. do not have much influence over individual ethical decision making.
ANSWER: d
11. Values are
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