Business Ethics - C717 Questions With
Correct Answers Already Passed 2025
Why Study Business Ethics? CORRECT ANSWERS to help you do ethics and be
ethical
What are a company's core values? CORRECT ANSWERS Beliefs and principles that
provide the ultimate guide in its decision making
In What Year did Congress pass the Sarbanes-Oxley Act CORRECT ANSWERS 2002
What is the Sarbanes-Oxley Act CORRECT ANSWERS law to address the wave of
corporate and accounting scandals
Section 406 of the Sarbanes-Oxley Act CORRECT ANSWERS Code of Ethics for
Senior Financial Officers, requires corporations to have a code of ethics applicable to its
principal financial officer and comptroller or principal accounting officer, or persons
performing similar functions
Code of Ethics (of the Sarbanes-Oxley Act) must include 3 standards: CORRECT
ANSWERS 1. honest and ethical conduct, including the ethical handling of actual or
apparent conflicts of interest between personal and professional relationships
2. full, fair, accurate, timely, and understandable closure in the periodic reports required
to be filled by the issuer; and
3. compliance with applicable governmental rules and regulations
Core Values CORRECT ANSWERS beliefs and principles that provide the ultimate
guide in its decision making
Business Ethics CORRECT ANSWERS 1. refers to those values, standards, and
principles that operate within business
2. refers to an academic discipline that not only studies those standards, values, and
principles, but also seeks to articulate and defend those that ought to or should operate
in business
The word ethics is derived from which greek word CORRECT ANSWERS ethos,
meaning customary or conventional
What is the difference between ethos and ethics CORRECT ANSWERS what IS valued
and what OUGHT to be valued
Philosophical Ethics CORRECT ANSWERS distinguishes what people DO value from
what people SHOULD value
, morality CORRECT ANSWERS how each of us should live our lives
virtues CORRECT ANSWERS character traits
Why is studying ethics relevant to Business? CORRECT ANSWERS it is essential to
living a responsible and meaningful life
What are the three components of the goal of Business Ethics? CORRECT ANSWERS
1. understanding ethical issues
2. analyzing ethical issues
3. becoming sensitive to the importance of ethics
What are the challenges of living an ethical life CORRECT ANSWERS deciding how to
act, who to be, and how to live
Steps to making a responsible decision CORRECT ANSWERS 1. Knowing and
understanding the facts
2. Identifying the ethical issues involved
3. Identifying all stakeholders (Identify the people that might be affected by the situation)
4. Understanding how those stakeholders will be affected(understand how they might
be affected)
5. Employing Moral Imagination to understand alternatives (Consider alternative
courses of action)
6. Consider how others will judge your decision (Step back and decide how the public
will react)
7. Making a decision and monitoring and learning from the results
Social Ethics CORRECT ANSWERS questions of public policy, law, civic virtue, and
political philosophy
Relativism CORRECT ANSWERS a theory that knowledge is relative to the limited
nature of the mind and the conditions of knowingb : a view that ethical truths depend on
the individuals and groups holding them
Virtue ethics reminds one to look to the actual practices one finds in the business world
and ask? CORRECT ANSWERS what type of people are being created by these
peactices
Principles, practices, obligations, deserved recompense, and duties are concepts that
are the heart of (which type of ethics)? CORRECT ANSWERS Principle based ethics
Identify the intellectual capacities for achieving the goals of business ethics CORRECT
ANSWERS 1. a finely tuned set of analytical skills to evaluate ethical issues
2. A better understanding of ethical issues
3. a refined sensitivity to appreciate the significance of leading an ethical life
Correct Answers Already Passed 2025
Why Study Business Ethics? CORRECT ANSWERS to help you do ethics and be
ethical
What are a company's core values? CORRECT ANSWERS Beliefs and principles that
provide the ultimate guide in its decision making
In What Year did Congress pass the Sarbanes-Oxley Act CORRECT ANSWERS 2002
What is the Sarbanes-Oxley Act CORRECT ANSWERS law to address the wave of
corporate and accounting scandals
Section 406 of the Sarbanes-Oxley Act CORRECT ANSWERS Code of Ethics for
Senior Financial Officers, requires corporations to have a code of ethics applicable to its
principal financial officer and comptroller or principal accounting officer, or persons
performing similar functions
Code of Ethics (of the Sarbanes-Oxley Act) must include 3 standards: CORRECT
ANSWERS 1. honest and ethical conduct, including the ethical handling of actual or
apparent conflicts of interest between personal and professional relationships
2. full, fair, accurate, timely, and understandable closure in the periodic reports required
to be filled by the issuer; and
3. compliance with applicable governmental rules and regulations
Core Values CORRECT ANSWERS beliefs and principles that provide the ultimate
guide in its decision making
Business Ethics CORRECT ANSWERS 1. refers to those values, standards, and
principles that operate within business
2. refers to an academic discipline that not only studies those standards, values, and
principles, but also seeks to articulate and defend those that ought to or should operate
in business
The word ethics is derived from which greek word CORRECT ANSWERS ethos,
meaning customary or conventional
What is the difference between ethos and ethics CORRECT ANSWERS what IS valued
and what OUGHT to be valued
Philosophical Ethics CORRECT ANSWERS distinguishes what people DO value from
what people SHOULD value
, morality CORRECT ANSWERS how each of us should live our lives
virtues CORRECT ANSWERS character traits
Why is studying ethics relevant to Business? CORRECT ANSWERS it is essential to
living a responsible and meaningful life
What are the three components of the goal of Business Ethics? CORRECT ANSWERS
1. understanding ethical issues
2. analyzing ethical issues
3. becoming sensitive to the importance of ethics
What are the challenges of living an ethical life CORRECT ANSWERS deciding how to
act, who to be, and how to live
Steps to making a responsible decision CORRECT ANSWERS 1. Knowing and
understanding the facts
2. Identifying the ethical issues involved
3. Identifying all stakeholders (Identify the people that might be affected by the situation)
4. Understanding how those stakeholders will be affected(understand how they might
be affected)
5. Employing Moral Imagination to understand alternatives (Consider alternative
courses of action)
6. Consider how others will judge your decision (Step back and decide how the public
will react)
7. Making a decision and monitoring and learning from the results
Social Ethics CORRECT ANSWERS questions of public policy, law, civic virtue, and
political philosophy
Relativism CORRECT ANSWERS a theory that knowledge is relative to the limited
nature of the mind and the conditions of knowingb : a view that ethical truths depend on
the individuals and groups holding them
Virtue ethics reminds one to look to the actual practices one finds in the business world
and ask? CORRECT ANSWERS what type of people are being created by these
peactices
Principles, practices, obligations, deserved recompense, and duties are concepts that
are the heart of (which type of ethics)? CORRECT ANSWERS Principle based ethics
Identify the intellectual capacities for achieving the goals of business ethics CORRECT
ANSWERS 1. a finely tuned set of analytical skills to evaluate ethical issues
2. A better understanding of ethical issues
3. a refined sensitivity to appreciate the significance of leading an ethical life
