©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
MNGT 482 Final Exam Questions and
Answers
A conception of right and wrong is:
A. Impossible to know.
B. The definition of ethics.
C. Determined by power.
D. Based on stakeholder dialogue. - Ans:✔✔-B. The definition of ethics.
People's ethical beliefs come from:
A. Legislative action and judicial decisions.
B. Reading the company's profit and loss statements.
C. Their religious background, family, and education.
Page 1/48
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
D. The organization's code of ethics. - Ans:✔✔-C. Their religious background, family, and education.
People everywhere depend on ethical systems to tell them whether their actions are:
A. Legal or illegal.
B. Right or wrong.
C. Financially attainable or not.
D. Logical and reasonable judgment. - Ans:✔✔-B. Right or wrong.
Businesses are expected to be ethical in their relationships with:
A. Stockholders.
B. Customers.
C. Competitors.
D. All of the above. - Ans:✔✔-D. All of the above.
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program,
corporate executives found guilty of criminal activity may have their sentence:
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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A. Increased.
B. Reduced.
C. Unaffected.
D. Decided by the company. - Ans:✔✔-B. Reduced.
The Sarbanes-Oxley Act:
A. Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B. Does not hold auditing firms liable for their client's inaccurate account reporting.
C. Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D. Allows an auditing firm from providing the same client with non-auditing services. - Ans:✔✔-C.
Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act
outweighed its costs?
Page 3/48
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A. 12%
B. 33%
C. 55%
D. 70% - Ans:✔✔-D. 70%
Which of the following examples best illustrate an ethics issue based on cross-cultural 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.
D. False and misleading advertising claims. - Ans:✔✔-A. Legally marketing a pesticide abroad that has
been banned in the U.S.
As business becomes increasingly global:
A. It must turn to national laws for guidance.
B. Ethical issues become issues of free trade.
Page 4/48
FIRST PUBLISH OCTOBER 2024
MNGT 482 Final Exam Questions and
Answers
A conception of right and wrong is:
A. Impossible to know.
B. The definition of ethics.
C. Determined by power.
D. Based on stakeholder dialogue. - Ans:✔✔-B. The definition of ethics.
People's ethical beliefs come from:
A. Legislative action and judicial decisions.
B. Reading the company's profit and loss statements.
C. Their religious background, family, and education.
Page 1/48
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
D. The organization's code of ethics. - Ans:✔✔-C. Their religious background, family, and education.
People everywhere depend on ethical systems to tell them whether their actions are:
A. Legal or illegal.
B. Right or wrong.
C. Financially attainable or not.
D. Logical and reasonable judgment. - Ans:✔✔-B. Right or wrong.
Businesses are expected to be ethical in their relationships with:
A. Stockholders.
B. Customers.
C. Competitors.
D. All of the above. - Ans:✔✔-D. All of the above.
Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program,
corporate executives found guilty of criminal activity may have their sentence:
Page 2/48
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A. Increased.
B. Reduced.
C. Unaffected.
D. Decided by the company. - Ans:✔✔-B. Reduced.
The Sarbanes-Oxley Act:
A. Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B. Does not hold auditing firms liable for their client's inaccurate account reporting.
C. Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D. Allows an auditing firm from providing the same client with non-auditing services. - Ans:✔✔-C.
Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act
outweighed its costs?
Page 3/48
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A. 12%
B. 33%
C. 55%
D. 70% - Ans:✔✔-D. 70%
Which of the following examples best illustrate an ethics issue based on cross-cultural 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.
D. False and misleading advertising claims. - Ans:✔✔-A. Legally marketing a pesticide abroad that has
been banned in the U.S.
As business becomes increasingly global:
A. It must turn to national laws for guidance.
B. Ethical issues become issues of free trade.
Page 4/48
