Fundamentals for Success in Business - D072
Study online at https://quizlet.com/_e2g3tq
Fundamentals for Success in Business - D072
1. A retail company frequently updates its principles, rules, and guidelines to
reflect input by employees.
Which level of organizational ethics is being illustrated by this company?: Internal
policy issues
2. A company insists on treating suppliers with respect and refuses to push them
to the lowest pricing possible.
Which level of organizational ethics is being used by this company?: Stakeholder's
issues
3. A job candidate asks questions during an interview to determine whether
their personal life goals align with those of the organization. Which factor is the
candidate using to guide the decision?: Values
4. A judge believes that the use of cannabis should never be allowed regardless
of the situation due to personal principles of what is right and wrong. A law was
recently passed, however, allowing individuals to use cannabis.
Which type of issue does the judge face?: Legal-unethical
5. Who is responsible for setting the ethical tone of a corporation?: Managers
6. An employee in the accounting department discovers that an element in the
financial statement is not in compliance with the company's required financial
record keeping. The employee reports this to management. The manager instructs
the employee to take no action. What next step should the employee consider
taking?: Report to higher level management
7. Speaking the truth, respecting my elders, and never purposely hurting
someone are examples of _________ ethics.: personal
8. Offering paid services on your time off to a company customer is an example
of a _____________?: conflict of interest
9. __________ reflects beliefs about what is right and what is wrong.: ethics
10. Being punctual, refraining from gossip, and having good time management
are examples of _________ ethics.: professional
11. __________ are the principles that are counted as most important to the
individual.: values
12. _______ are sets of rules that individuals develop based on cultural norms and
beliefs.: morals
13. A company has embraced the philosophy of CSR.
Which practice reflects this commitment?: Holding a food drive to support local
residents in need
, Fundamentals for Success in Business - D072
Study online at https://quizlet.com/_e2g3tq
.
14. What is the strategic value of implementing CSR?: To increase profits and trust in
the long-term while promoting positive community relations
15. A company develops a program to help guide employees in decision-
making and defines expectations for accepting gift from clients.
What is the name of the program?: Compliance and ethics
16. A large manufacturer of ice cream products has a core value of "making the
world a better place." However, it was discovered that the manufacturer
sourced their main raw ingredient from a company that used practices
considered detrimental to the well-being of animals.
Which situation is occurring with this discrepancy?: Greenwashing
17. The top management of a publicly traded company has been cited for violation
of the transparency standards with respect to their financial and accounting
reporting practices.
Which law has this company violated?: Sarbanes-Oxley Act (SOX)
18. A group of employees discovered alleged misconduct by senior managers of
their company and leaked information about the situation to the press and
general public.
What is term for this group of employees?: Whistleblowers
19. The top management of a company implemented a policy in which all
employees can attend the board meetings so they can be present when
important decisions are made.
Which practice is being followed by this company?: Internal transparency
20. Which of the following is not true about Corporate Social Responsibility?-
: It encourages promotion from within the organization
21. Why is Corporate Social Responsibility important to an organization and its
local community?: Increase long-term profits and shareholder trust
22. XYZ Inc. uses images of a leafy forest to promote their Green-Clean Cleaning
Wipes. They advertise the wipes as being biodegradable, but the chemicals in
the wipes do not break down well in the environment and the plastic container
is definitely not biodegradable. This is an example of _______: greenwashing
23. Cheyenne Jenkins, VP for a large gas company, wrote a letter to her boss
regarding the extremely fraudulent accounting practices in their publicly
traded company. She demanded that the company take action. Her letter
became public five months after she wrote it and was fodder for national
outrage. This is an example of ______________. Cheyenne continues to work
while the matter is investigated. She is likely protected under ________:
whistleblowing,
Sarbanes-Oxley Act
Study online at https://quizlet.com/_e2g3tq
Fundamentals for Success in Business - D072
1. A retail company frequently updates its principles, rules, and guidelines to
reflect input by employees.
Which level of organizational ethics is being illustrated by this company?: Internal
policy issues
2. A company insists on treating suppliers with respect and refuses to push them
to the lowest pricing possible.
Which level of organizational ethics is being used by this company?: Stakeholder's
issues
3. A job candidate asks questions during an interview to determine whether
their personal life goals align with those of the organization. Which factor is the
candidate using to guide the decision?: Values
4. A judge believes that the use of cannabis should never be allowed regardless
of the situation due to personal principles of what is right and wrong. A law was
recently passed, however, allowing individuals to use cannabis.
Which type of issue does the judge face?: Legal-unethical
5. Who is responsible for setting the ethical tone of a corporation?: Managers
6. An employee in the accounting department discovers that an element in the
financial statement is not in compliance with the company's required financial
record keeping. The employee reports this to management. The manager instructs
the employee to take no action. What next step should the employee consider
taking?: Report to higher level management
7. Speaking the truth, respecting my elders, and never purposely hurting
someone are examples of _________ ethics.: personal
8. Offering paid services on your time off to a company customer is an example
of a _____________?: conflict of interest
9. __________ reflects beliefs about what is right and what is wrong.: ethics
10. Being punctual, refraining from gossip, and having good time management
are examples of _________ ethics.: professional
11. __________ are the principles that are counted as most important to the
individual.: values
12. _______ are sets of rules that individuals develop based on cultural norms and
beliefs.: morals
13. A company has embraced the philosophy of CSR.
Which practice reflects this commitment?: Holding a food drive to support local
residents in need
, Fundamentals for Success in Business - D072
Study online at https://quizlet.com/_e2g3tq
.
14. What is the strategic value of implementing CSR?: To increase profits and trust in
the long-term while promoting positive community relations
15. A company develops a program to help guide employees in decision-
making and defines expectations for accepting gift from clients.
What is the name of the program?: Compliance and ethics
16. A large manufacturer of ice cream products has a core value of "making the
world a better place." However, it was discovered that the manufacturer
sourced their main raw ingredient from a company that used practices
considered detrimental to the well-being of animals.
Which situation is occurring with this discrepancy?: Greenwashing
17. The top management of a publicly traded company has been cited for violation
of the transparency standards with respect to their financial and accounting
reporting practices.
Which law has this company violated?: Sarbanes-Oxley Act (SOX)
18. A group of employees discovered alleged misconduct by senior managers of
their company and leaked information about the situation to the press and
general public.
What is term for this group of employees?: Whistleblowers
19. The top management of a company implemented a policy in which all
employees can attend the board meetings so they can be present when
important decisions are made.
Which practice is being followed by this company?: Internal transparency
20. Which of the following is not true about Corporate Social Responsibility?-
: It encourages promotion from within the organization
21. Why is Corporate Social Responsibility important to an organization and its
local community?: Increase long-term profits and shareholder trust
22. XYZ Inc. uses images of a leafy forest to promote their Green-Clean Cleaning
Wipes. They advertise the wipes as being biodegradable, but the chemicals in
the wipes do not break down well in the environment and the plastic container
is definitely not biodegradable. This is an example of _______: greenwashing
23. Cheyenne Jenkins, VP for a large gas company, wrote a letter to her boss
regarding the extremely fraudulent accounting practices in their publicly
traded company. She demanded that the company take action. Her letter
became public five months after she wrote it and was fodder for national
outrage. This is an example of ______________. Cheyenne continues to work
while the matter is investigated. She is likely protected under ________:
whistleblowing,
Sarbanes-Oxley Act
