2023 HR 522 Midterm Exam part 1 Question 1 The Federal Sentencing Guidelines for Organizations set the tone for organizational – expert writers hub

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codifying into law incentives for organizations to take action such as developing ethical compliance programs to prevent misconduct.

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forcing all organizations to develop mandatory reporting systems.

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eliminating most of the federal legislation that created inefficient and time-consuming activities for businesses.

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providing a study of moral philosophies.

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providing an examination of company codes of ethics.

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trust.

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investor loyalty.

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employee commitment.

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customer satisfaction.

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opportunity for misconduct.

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customers’

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employees’

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stockholders’

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suppliers’

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distributors’

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ethics officers

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ethics programs

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codes of ethics

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legal counsel

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accountants

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rules, standards, and moral principles regarding what is right or wrong in specific situations.

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the establishment and enforcement of ethical codes throughout the organization.

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the development of rules and norms that are socially enforced.

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the codification of laws to reward organizations for taking action to prevent misconduct.

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acceptable behavior as defined by the company and industry.

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lack of focus on goals.

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greater focus on education.

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increased community involvement.

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improved relationships with competitors.

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enhanced performance.

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Profits

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Dividends

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Trust

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Hubris

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Codes of ethics

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was very popular among Wall Street bankers.

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represented only modest reform.

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came out of theological discussions in the 1920s.

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was designed to make the financial services industry more responsible.

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made it mandatory for public corporations to hire ethics officers.

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there should be no limit on what top executives can earn.

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managers should earn no more than twenty times the pay of other employees.

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top managers should make the same amount as other employees.

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employees can determine how much managers make.

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the government should determine the worth of each manager’s service.

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Financial, religious, ethical, and philanthropic

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Ethical, philanthropic, selfish, and short-sighted

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Economic, long-term, ethical, and philanthropic.

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Legal, economic, ethical, and philanthropic

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Economic, compliance, legal, and philanthropic

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Identifying stakeholder groups

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Identifying stakeholder issues

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Identifying and gaining stakeholder feedback

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Identifying and gaining government feedback

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Assessing organizational commitment to social responsibility groups

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necessity for business success.

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continuum.

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polarizing concept.

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good marketing ploy.

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expensive proposition.

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profit.

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loyalty.

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care.

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governance.

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diligence.

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Adam Smith.

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Theodore Levitt.

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Norman Bowie.

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Herman Miller

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Milton Friedman.

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Supplies of capital and resources.

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Expertise and leadership

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Word-of-mouth promotion

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Infrastructure

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Pro-bono bookkeeping

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clear accounting procedures.

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major financing activities.

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marketing strategy.

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feedback from special-interest groups.

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activities that actually address stakeholder issues.

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Decreased reputation

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Shaken customer loyalty

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Reduced investor confidence

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Increased sales

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Legal actions by wronged parties

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Optimization

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Ethical issue

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Honesty

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Trust

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Integrity

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their clients only.

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their clients and the public interest.

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the public only.

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their investors and shareholders.

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government regulators.

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know your company’s ethical policies.

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know your own morals and philosophies.

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know society’s ethical policies.

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develop ethical-issue awareness.

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develop a set of decision-making rules.

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Channel

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Integrative

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Consumer

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Product

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Conventional

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A code of conduct

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Sexual harassment

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Coercive power

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Bullying

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Rewards

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it may lead executives to become violent.

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it may foster the idea that honesty is unnecessary in business.

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it may lead organizations to be excessively aggressive.

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business is not like warfare and the metaphors are not appropriate.

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business is more like a game than a war.

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Increased productivity

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Sleep disturbance

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Depression

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Increased sick days

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Stomach problems

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a conflict of interest.

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an ethical issue.

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a feeling of guilt.

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cognitive dissonance.

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a moral attribute.

Midterm Exam Part 2

Question 1

The ________ was called “a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression.”

Question 2

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

Question 3

________ tie(s) an organization’s product(s) directly to a social concern through a marketing program.

Question 4

Which of the following acts can be classified as procompetitive legislation?

Question 5

Which of the following acts exempted the insurance industry from antitrust legislation?

Question 6

Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

Question 7

Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Question 8

The primary objective of U.S. antitrust laws is to

Question 9

The relationship between business ethics and age

Question 10

The ________ includes the motivational “carrots and sticks” superiors use to influence employee behavior.

Question 11

Which of the following is the first step in the ethical decision making process?

Question 12

Employees that see themselves as going with the flow because that’s all they can do have a(n)

Question 13

________ institutions include religion, education, and individuals such as the family unit.

Question 14

________ is the first sign that an unethical decision has occurred.

Question 15

________ relates to individuals’ perceptions of social pressure and the harm they believe their decisions will have on others.

Question 16

The ________ states that economic and social equalities should be arranged to provide the most benefit to the least-advantaged members of society.

Question 17

________ is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.

Question 18

________ believe that no one thing is intrinsically good.

Question 19

Which moral philosophy considers an act to be morally right or acceptable if it produces some desired result?

Question 20

An individual who believes that an action is ethical because others within his or her company and industry regularly engage in the activity is probably a(n)

Question 21

An individual who emphasizes others rather than himself or herself in making decisions is in which of the following of Kohlberg’s stages of development?

Question 22

________ justice is based on the evaluation of outcomes or results of the business relationship.

Question 23

________ argues that ethical behavior involves not only adhering to conventional moral standards but also considering what a mature person with a “good” moral character would deem appropriate.

Question 24

A central problem with relativism is

Question 25

Eric views animal research in the pharmaceutical industry as a way to improve drugs that will benefit mankind. Which moral philosophy most closely represents his viewpoint?

2 points