QUESTION 1

1. "Of or relating to the accepted principles of right and wrong, especially those of some
organization or profession."
Ethical

stakeholder

benchmark

shared value model

2 points
QUESTION 2
1. Which of the following would most probable cause unethical behavior?
a competitive business environment

a seminar regarding business conduct

an employee using his or her own judgement

a manual that is unconcerned about real ethical dilemmas

2 points
QUESTION 3
1. Which of the following trends of modern consumerism sees the poor striving to imitate
the wealthy and the wealthy imitating celebrities and other icons?
emulation

conspicuous consumerism

ethical consumerism

materialism

2 points
QUESTION 4
1. The Sarbines-Oxley act is best described as:
mandatory whistle-blower disclosures under criminal circumstances.

protection for whistle-blowers from future workplace discrimination.

a series of monetary compensations provided to whistle-blowers.

a privacy protection act for any individual desiring to report fraudulent activities.

2 points
QUESTION 5
1. Which of the following occurrences can be cited as a justification for the existence of
government regulation?
efforts by self-interest groups to redistribute wealth in their favor

"the promulgation, monitoring, and enforcement of rules"

"self-regulation by an industry, such as through a trade association"

agencies allowing experts in an industry to focus their attention on the issue

2 points
QUESTION 6
1. Which of the following does NOT fall under the concept of 'compliance' within business
ethics?
Promoting a social good

Identifying legal boundaries

Establishing a system to alert management of ethical issues

Legal support for business objectives

2 points
QUESTION 7
1. An organization continuing to meet an employee's expectations of fairness creates a
reciprocal relationship between organizational justice and _______.
Trust

performance

job satisfaction

withdrawal

2 points
QUESTION 8
1. Large corporations often have the stigma of focusing on ________ instead of
________.
profits; people

people; profits

ethics; strategy

strategy; ethics

2 points
 QUESTION 9
1. "Which of the following bears the task of ensuring an â ethics systemâ for their own
management styles, personalities, systems, performances, plans, policies, strategies,
productivity, openness, and risks within their cultures or industries?"
stakeholder managers

chief operating officers

human resources managers

chief executive officers

2 points
QUESTION 10
1. Which of the following can be thought of as the fairness that can be promoted by
providing explanations for decisions and delivering news with sensitivity and respect?
interactional justice

distributive justice

procedural justice

performance justice

2 points
QUESTION 11
1. "Which of the following can be enhanced when a process involves characteristics such
as consistency, accuracy, ethicality, and lack of bias?"
procedural justice

distributive justice

interactional justice

performance justice

2 points
QUESTION 12
1. What is business ethics?
Written and unwritten codes of principles and values that govern decisions and
actions within a company
The branch of philosophy concerned with the meaning of all aspects of human
behavior
The consideration of how we develop the rules and principles by which to judge
and guide meaningful decision-making
 "The rational reflection on what is right, what is wrong, what is just, what is unjust,
what is good, and what is bad in terms of human behavior "
2 points
QUESTION 13
1. "Fairness in trading practices, trading conditions, sales practices, consultancy
services, tax payments, internal audits, external audits, and executive compensation
also fall under what field?"
finance and accounting

human resource management

sales and marketing

production

2 points
QUESTION 14
1. It is sometimes difficult to determine in the moment what is ethical and what is not
because the idea of ethics is __________.
a dynamic concept

a fallacy

a rigid concept

an inappropriate guide

2 points
QUESTION 15
1. Moral ________ is best defined as an individual's ability to achieve 'proportionality'
relative to understanding the perspective or viewpoints of others.
imagination

creativity

reasonableness

perseverance

2 points
QUESTION 16
1. Which of the following is NOT a way that companies can demonstrate social
responsibility?
maximizing profits
 donating funds to education

reducing their environmental footprint

implementing fair hiring practices

2 points
QUESTION 17
1. What is a consumer?
Someone who acquires goods or services for direct use or ownership rather than
for resale or use in production and manufacturing
Someone who sells goods or services to those who intend to use them for direct
use or ownership
"Someone who buys a large quantity of goods from various producers or vendors,
warehouses them, and resells them"
Someone who supplies or sells goods or services

2 points
QUESTION 18
1. Which of the following MOST contributed to unleashing incredible productivity gains
and reducing the costs of all commodities produced?
the assembly line

conspicuous consumption

the writings of Thorstein Veblen

the agrarian economy

2 points
QUESTION 19
1. "Which of the following is a situation in which an official who controls an organization
causes it to enter into a transaction with the official, or with another organization that
benefits the official?"
self-dealing

outside employment

pump and dump

conflict of roles

2 points
QUESTION 20
1. When an organization shows concern for the people and environment in which it
transacts business it is called ___________.
 social responsibility

cause marketing

environmental scanning

demographic benchmarking

2 points
QUESTION 21
1. What is the 1950s movement known as that began pushing for increased rights and
legal protection against malicious business practices?
consumerism

supplierism

the retail revolution

whole sellerism

2 points
QUESTION 22
1. Which of the following would NOT be an associated negative faced by a business that
is focused on cheating the customer?
a desirable reputation in the community

client hassles

legal action

damaged health

2 points
QUESTION 23
1. "Which of Andrew Carnegie's business principles advocates that the rich hold their
money ""in trust"" for the rest of society, using it for any purpose society deems
appropriate?"
stewardship

Charity

ethical decision-making

social responsibility
 2 points
QUESTION 24
1. Which of the following is an element that makes ethical behavior conducive within an
organization?
All of these answers

A written code of ethics and standards

Availability for advice on ethical situations

Systems for confidential reporting

2 points
QUESTION 25
1. "Which of the following MOST functions as a built-in, self-regulating mechanism
whereby a business monitors and ensures its active compliance with the spirit of the
law, ethical standards, and international norms?"
corporate social responsibility policy

socially responsible investing policy

sustainability accounting policy

social entrepreneurship policy

2 points
QUESTION 26
1. Which of the following fields would be most concerned with the comparison of
business ethical traditions from various religious perspectives?
international business ethics

theoretical business ethics

normative business ethics

fiduciary business ethics

2 points
QUESTION 27
1. Which of the following is NOT a main media published by trade associations?
trade propaganda

association website

member newsletter
 membership directory

2 points
QUESTION 28
1. Which of the following is NOT a rational approach to solving ethical dilemmas and
conflict between moral imperative?
Proving that right and wrong is only relative and pursuing what is best for the
individual
Providing that the solution involves choosing the greater good or lesser evil

Considering whether one choice is more in keeping with the long-term welfare of
affected parties
Considering the principle that all people should be treated equally

2 points
QUESTION 29
1. "From a general perspective, an ethical code implies documents at three distinct
levels. Those are codes for:"
"business ethics, employee conduct and professional practice."

"corporate ethics, SBU ethics and leadership conduct."

"leadership expectation, business ethics and employee conduct."

"business ethics, customer ethics "

2 points
QUESTION 30
1. Which of the following would be considered an example of ecocentric social
responsibility?
Honda subsidizing the price of hybrid vehicles

Exxon-Mobile donating to charities

General Mills supporting childhood obesity warnings

McDonald's reducing the fat content in their hamburgers

2 points
QUESTION 31
1. "Which of the four central moral reasoning components refers to the way in which
persistence, despite fatigue or the temptation of a simpler or easier path, reflects
morality?"
Moral character
 Moral motivation

Moral judgment

Moral sensitivity

2 points
QUESTION 32
1. "Which of the following is a situation in which a stockbroker who owns a security
artificially inflates its price by ""upgrading"" it or spreading rumors, sells the security
and adds a short position, then ""downgrades"" it or spreads negative rumors to push
its price down?"
pump and dump

self-dealing

short selling

insider trading

2 points
QUESTION 33
1. Which of the following is a method utilized by trade associations in an attempt to
influence public policy?
all of these answers

lobbying legislators to support or oppose particular legislation

contributing to the campaigns of political candidates and parties

publishing activities

2 points
QUESTION 34
1. Government regulation includes controls on all of the following EXCEPT _______.
market failures

development approvals

pollution effects

market entries

2 points
QUESTION 35
1. "Due to the innate variation is assessing ethics or moral philosophy, there are different
approaches and systems of thought to consider. Utilitarianism generally revolves
around identifying:"
the maximum potential happiness.

the best consequence.

where knowledge exceeds risk.

where good exceeds evil.

2 points
QUESTION 36
1. Which of the following does transparency imply?
All of these answers

openness

communication

accountability

2 points
QUESTION 37
1. Which of the following is a term that helps us to understand the difference between a
conflict of interest and impropriety?
conflict of roles

self-dealing

outside employment

pump and dump

2 points
QUESTION 38
1. How are stakeholders contributing to the heightened motivation for corporations to
become more socially responsible?
they expect corporations to understand and address social issues relevant to the
stakeholders
they expect corporations to maximize profits

they expect corporations to comply with government regulation

they expect corporations to treat their employees fairly

2 points
 QUESTION 39
1. Which of the following is NOT a discipline of business ethics?
theoretical

personal

professional

corporate

2 points
QUESTION 40
1. Which of the following trends of modern consumerism sees consumers becoming
more and more aware of the environmental and social implications of their day-to-day
consumer decisions?
ethical consumerism

conspicuous consumerism

Emulation

Materialism

2 points
QUESTION 41
1. "Cultural relativism, or the concept that there are different sets of norms, values and
ethics on the global level, is the antithesis of _______."
Universalism

Morality

moral relativism

unethical behavior

2 points
QUESTION 42
1. Robert Prentice hypothesizes that ________ can strongly influence ethical decision
making.
self-image

Culture

Strategy

personality
 2 points
QUESTION 43
1. "What has led to stakeholders, suppliers and governmental institutions having a better
understanding of how companies manage their resources to achieve their goals of
accomplishing sustainable development?"
sustainability accounting

socially responsible investing

social entreprenership

development business ethics

2 points
QUESTION 44
1. What type of companies do individuals tend to want to work for?
ones in which ethical dilemmas are minimized

ones in which there are pressures to act in an unethical way

ones which disregard environmental responsibility

ones which display no ethical track record

2 points
QUESTION 45
1. What is consumerism?
All of these answers

A social and economic order that encourages the purchase of goods and services
in ever-greater amounts
The belief that the free choice of consumers should dictate the economic structure
of a society
The emphasis on or preoccupation with the acquisition of consumer goods

2 points
QUESTION 46
1. Which of the following is NOT a role of government regulation?
to create primary legislation and judiciary law

to produce outcomes which might not otherwise occur

to prevent outcomes that might otherwise occur

to produce or prevent outcomes in different timescales than would otherwise occur

 2 points
QUESTION 47
1. Which of the following are NOT examples of internal and voluntary ethical standards
managers must hold themselves and their organizations accountable for?
Sarbanes-Oxley

Code of ethics

Mission statement

Code of employee
conduct
2 points
QUESTION 48
1. What is social responsibility?
all of these answers

an ethical ideology that an organization or individual has an obligation to act to

benefit society
a duty everyone has to perform so as to maintain a balance between the economy
and the ecosystem
a way of conducting business through balancing the  behavior of a company with
the expectations of society
2 points
QUESTION 49
1. Which of the following is the best explanation of radical transparency?
A management method where nearly all decision making is carried out publicly

The concept of removing all barriers toâ and the facilitation ofâ free and easy
public access to corporate information
Operating in such a way that it is easy for others to see what actions are performed

A concept leading to better decision-making and faster error correction

2 points
QUESTION 50
1. "In a famous Tylenol case study, an entire distribution of pills were pulled from the
shelves at enormous cost due to the suspicion that they may have been dangerous to
consumers. This large short-term cost resulted in a ________ brand."
Trustworthy

Profitable

frivolous
 dangerous

2 points
S AV E AN D S U B M I T
What is a corporate ethics code?
"a detailed policy, containing specific behavioral requirements"
"an exhortation in broad, highly generalized language"
a seminar regarding business conduct
an agreement signed by employees stating that they will abide by the company's
rules of conduct
Sherron Watkins became known as the 'Enron Whistleblower' after informing the CEO
of Enron about bad accounting practices. This is an example of:
fraud.
health violations.
safety violations.
green-washing.
jnbjkkbk
What are the three central components of business ethics?
"Personal, professional and corporate."
"Personal, managerial and organizational."
"Moral, mission and strategy."
"Practical, tangible and intangible.
What is a trade association?
An organization founded and funded by businesses that operate in a specific
industry
"A public relations activity such as advertising, education, or publishing"
"A service such as organizing conferences, networking or charitable events"
A regulatory body overseeing publishing
Question 1
Which of the following is NOT an example of a philanthropic social responsibility
initiative?
Painting a homeless shelter
Providing grant money to an education institution
Issuing a donation for single mothers
Sponsoring a marathon runner for a fixed amount of money per mile
 "Which consumer right asserts that consumers should receive a fair settlement of just
claims, including compensation for misrepresentation, shoddy goods or unsatisfactory
services?"
right to redress
right to be heard
right to be informed
right to safety
Companies that practice social responsibility marketing strategies:
show concern for the people and environments in which they transact business.
are guaranteed to have a better customer loyalty.
will be spared negative attention when they commit illegal activities.
"force those who transact business with them (i.e., vendors and investors) to
maintain the same standards of practice and values"
QUESTION 3
1. Which consumer right asserts that consumers should be able to voice complaints and
concerns about a product in order to have the issue handled efficiently and
responsively?
right to be heard
right to satisfaction of basic
needs
right to consumer education
right to a healthy environment
QUESTION 4
1. Which consumer right implies that products should cause no harm to their users if they
are used as prescribed?
right to safety
right to choose
right to satisfaction of basic needs
right to redress
Question 11

Which of the following is an ethical issue concerning relations between different

companies?
industrial espionage
duties with employees
corporate social entrepreneurship
 fiduciary responsibility to shareholders
"Which of the following occurs when an individual or organization is involved in multiple
interests, one of which could possibly corrupt the motivation for an act in the other?"
conflict of interest
impropriety
ethical lapse
multi-tasking
QUESTION 12
1. What is a corporate ethics statement?
"an exhortation in broad, highly generalized language"
"a detailed policy, containing specific behavioral requirements "
a seminar regarding business conduct
an agreement signed by employees stating that they will abide by the company's
rules of conduct
QUESTION 20
1. Which of the following is an example of an external stakeholder?
Stockholders
Upper management
The CEO
Competitors
QUESTION 21
1. What is a short-term and quite rare occurrence in one's business experience?
an ethical lapse
a philosophical idea of the mind
the need to survive
an ideal ethical action
QUESTION 23
1. Understanding what internal stakeholders are passionate about and what issues are
relevant to their priorities can directly result in which of the following advantages?
Loyalty
Profits
Innovation
Upwards mobility
QUESTION 25
1. Which of the following is the best explanation of corporation transparency?
 The concept of removing all barriers toâ and the facilitation ofâ free and easy
public access to corporate information
A management method where nearly all decision making is carried out publicly
Operating in such a way that it is easy for others to see what actions are performed
A concept leading to better decision-making and faster error correction
QUESTION 26
1. "A person or organization with a legitimate interest in a given situation, action, or
enterprise."
Stakeholder
Shareholder
Employee
Customer
QUESTION 27
1. What does open communication allow?
the possibility of self correction and group problem solving
an excess of knowledge
"science, engineering, business, and the humanities"
opinions and ideas
QUESTION 28
1. The process of communicating the social and environmental effects of an organization's
economic actions to particular interest groups and society at large is defined as:
Social accounting
Social assessment
Altruistic accounting
Social benefit measures
BEST
QUESTION 29
1. The BEST definition of internal stakeholders could be described as which of the
following?
Individuals who are affected by wages and job stability.
Individuals who are not directly working for the company.
Individuals who invest in the company.
Individuals who own the company.
QUESTION 32
1. What is theoretical ethics?
 All of these answers
A way of discovering and delineating right from wrong
The consideration of how we develop the rules and principles by which to judge
and guide meaningful decision-making
"The rational reflection on what is right, what is wrong, what is just, what is unjust,
what is good, and what is bad in terms of human behavior "
QUESTION 37
1. "Which of the following is a method used to organize, create and manage a social
venture to achieve a desired social change?"
social entrepreneurship
sustainability accounting
socially responsible investing
development business ethics
QUESTION 48
1. "Which consumer right asserts that consumers should receive a fair settlement of just
claims, including compensation for misrepresentation, shoddy goods or unsatisfactory
services?"
right to redress
right to be heard
right to be informed
right to safety