Question 1

Business managers need a set of ethical guidelines to help them:

Accepted Answer

A)   Understand the changing customs throughout the world.
B)   Justify the resolution which best helps themselves.
C)   Identify and analyze the nature of ethical problem.
D)   None of the above.E) None of the above
F) All of the above

Question 2

Utilitarian reasoning primarily considers:

Accepted Answer

A)   The end results of an action.
B)   The rights of the unprotected.
C)   The distribution of benefits.
D)   Both A and C, but notE) None of the above
F) A) and C)

Question 3

Under the Sarbanes-Oxley Act,corporations are required to:

Accepted Answer

A)   Have executives vouch for the accuracy of a firm's financial reports.
B)   Have their audit committee comprised of only executives employed by the firm.
C)   Collect reimbursements from the U.S. government if financial restatements occur.
D)   All of the above.E) A) and C)
F) B) and C)

Question 4

Business managers should use all four methods of ethical reasoning-virtues,utility,rights and justice - to better understand ethical issues at work.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not true about justice reasoning?

Accepted Answer

A)   The reasoner is interested in the net value of benefits.
B)   The reasoner considers who pays the costs and who receives the benefits.
C)   The reasoner seeks a fair distribution to all affected.
D)   The reasoner relies upon some accepted rule or standard.E) B) and D)
F) All of the above

Question 6

As business becomes increasingly global:

Accepted Answer

A)   It must turn to national laws for guidance.
B)   Ethical issues become issues of free trade.
C)   A global code of conduct will emerge for businesses.
D)   Cross-cultural contradictions will increase.E) B) and C)
F) C) and D)

Question 7

Business cannot expect to be profitable while adhering to ethical principles of conduct.

Accepted Answer

A) True 
 B)False

Question 8

A just or fair ethical decision occurs when:

Accepted Answer

A)   The rights of all affected are considered.
B)   The greatest good for those with power is achieved.
C)   Benefits and burdens are distributed equally.
D)   All of the above.E) A) and B)
F) None of the above

Question 9

Under the U.S.Corporate Sentencing Guidelines,if a firm has developed a strong ethics program,corporate executives found guilty of criminal activity may have their sentence:

Accepted Answer

A)   Increased.
B)   Reduced.
C)   Unaffected.
D)   Decided by the company.E) A) and B)
F) A) and C)

Question 10

The Sarbanes-Oxley Act:

Accepted Answer

A)   Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B)   Does not hold auditing firms liable for their client's inaccurate account reporting.
C)   Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D)   Allows an auditing firm from providing the same client with non-auditing services.E) A) and B)
F) A) and C)

Question 11

Cross-cultural contradictions arise due to:

Accepted Answer

A)   The emergence of a developing country's economic power.
B)   Religious differences practiced by business executives.
C)   Differences between home and host countries' ethical standards.
D)   All of the above.E) None of the above
F) A) and C)

Question 12

In a 2010 study of 400 companies,what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

Accepted Answer

A)   12%
B)   33%
C)   55%
D)   70%E) A) and C)
F) A) and B)

Exam 4: Ethics and Ethical Reasoning

Which of the following is not true about justice reasoning?

Correct Answer
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A just or fair ethical decision occurs when:

Correct Answer
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Business cannot expect to be profitable while adhering to ethical principles of conduct.

Correct Answer
verified

Cross-cultural contradictions arise due to:

Correct Answer
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Business managers should use all four methods of ethical reasoning-virtues,utility,rights and justice - to better understand ethical issues at work.

Correct Answer
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As business becomes increasingly global:

Correct Answer
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Under the U.S.Corporate Sentencing Guidelines,if a firm has developed a strong ethics program,corporate executives found guilty of criminal activity may have their sentence:

Correct Answer
verified

Under the Sarbanes-Oxley Act,corporations are required to:

Correct Answer
verified

In a 2010 study of 400 companies,what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

Correct Answer
verified

Business managers need a set of ethical guidelines to help them:

Correct Answer
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The Sarbanes-Oxley Act:

Correct Answer
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Utilitarian reasoning primarily considers:

Correct Answer
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Exam 4: Ethics and Ethical Reasoning

Which of the following is not true about justice reasoning?

Correct AnswerverifiedShow Answer

A just or fair ethical decision occurs when:

Correct AnswerverifiedShow Answer

Business cannot expect to be profitable while adhering to ethical principles of conduct.

Correct AnswerverifiedShow Answer

Cross-cultural contradictions arise due to:

Correct AnswerverifiedShow Answer

Business managers should use all four methods of ethical reasoning-virtues,utility,rights and justice - to better understand ethical issues at work.

Correct AnswerverifiedShow Answer

As business becomes increasingly global:

Correct AnswerverifiedShow Answer

Under the U.S.Corporate Sentencing Guidelines,if a firm has developed a strong ethics program,corporate executives found guilty of criminal activity may have their sentence:

Correct AnswerverifiedShow Answer

Under the Sarbanes-Oxley Act,corporations are required to:

Correct AnswerverifiedShow Answer

In a 2010 study of 400 companies,what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

Correct AnswerverifiedShow Answer

Business managers need a set of ethical guidelines to help them:

Correct AnswerverifiedShow Answer

The Sarbanes-Oxley Act:

Correct AnswerverifiedShow Answer

Utilitarian reasoning primarily considers:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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