Business Ethics WGU-C717 Exam Questions
and Answer 100% Verified 2025-2026
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
WGU- C717
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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
WGU- C717