BUSI 472 Final Exam Questions with Correct Answers Latest Update

BUSI 472 Final Exam Questions with Correct Answers Latest Update True/False: A compliance culture tends to be oriented around risk. - Answers True The _____ requires firms to adopt a set of values that forms a portion of the company's culture. - Answers Sarbanes-Oxley 404 Exacting culture has... - Answers little concern for people but high concern for performance A caring culture is one with... - Answers a high concern for people but little concern for performance An apathetic culture is one with... - Answers low concern for people and low concern for performance An integrative culture is one with a... - Answers High concern for people and performance ______ culture uses laws and regulatory rules to create compliance codes and requirements - Answers Compliance ____ culture relies on a mission statement that defines the core values of the firm and how customers and employees should be treated. - Answers Values-based ethics __________ ________ is the idea that people learn ethical or unethical behavior while interacting with people who're part of their intimate personal groups. - Answers Differential association What are the 5 types of power? - Answers Reward power Coercive power Legitimate power Expert power Referent power Relatedness needs are satisfied by...? - Answers social and interpersonal relationships Growth needs are satisfied by...? - Answers creative or productive activities ________ _____ are composed of individuals who have similar interests and band together for purposes that may or may not be relevant to the goals of the organization. - Answers Informal groups _________ _______ are standards of behavior that groups expect of their members. - Answers Group norms (Compliance/Values) orientation requires employees to identify with and commit to specific required conduct - Answers Compliance (Compliance/Values) orientation focuses on developing abstract and shared values such as accountability and commitment. - Answers Values _______ __ _______ are a comprehensive set of general statements which serve as principles and as the basis for rules of conduct. - Answers Code of ethics A ______ ___ _______ serves the general public and addresses distinct groups such as stakeholders. - Answers statement of values True/False: Converting a country-specific program into a firm's global operation, senior management's failure in taking ownership of the ethics program, and setting unrealistic goals are all common mistakes in designing and implementing an ethics program. - Answers True _________ controls include management's commitment to the ethics program and the methods or system for ethics evaluation. - Answers Process ______ controls include input controls such as proper selection of employees, effective ethics training, and strong structural systems (including communication systems) - Answers Formal ________ controls involve comparing standards with actual behavior - Answers output The process of assessing and reporting on a business's performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders is a _____ ______. - Answers social audit True/False: Ethics audit can also create risks in addition to adding benefits. - Answers True What does SRC mean and what does it stand for? - Answers Self-reference criterion: Unconscious reference to tone's own cultural values, experiences, andknowledge What is cultural relativism? - Answers Idea that morality varies from one culture to another ______ ______ ______ are those values that are shared across most cultures. - Answers Global common values _______ _______ occurs when profit centers within corporations are unaware of the consequences of their actions not he firm as a whole. - Answers Risk compartmentalization Which economist provided the idea of laissez-faire? A. Adam Smith B. John Maynard Keynes C. Milton Friedman - Answers A. Adam Smith Which economist believed that the state can stimulate economic growth and improve stability in the private sector through government policies? A. Adam Smith B. John Maynard Keynes C. Milton Friedman - Answers B. John Maynard Keynes Which economist believed that deregulation could reach equilibrium without government intervention? A. Adam Smith B. John Maynard Keynes C. Milton Friedman - Answers C. Milton Friedman _______ is the economic system where wealth and power are shared and distributed every based on the amount of work expended in production. - Answers Socialism