Complete Test Bank Business Ethics Ethical Decision Making & Cases, 13th Edition by O. C. Ferrell! RATED A+All chapters test bank included: 1.The Importance of Business Ethics 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance 3: Sustainability: Ethical and Social Respons...
,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and
Cases 13th Edition Ferrell
Chapter 01: The Importance of Business Ethics
1. Corporate social responsibility is defined as which of the following?
a. An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
b. Principles, values, and norms that primarily guide individual and group behavior in the world of business
c. The institutionalization of business ethics into all levels of business decision making
d. A business’s responsibility to manufacture products that function properly
e. Charitable contributions made by a business to enhance its reputation with stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:08 AM
DATE MODIFIED: 8/3/2021 10:21 AM
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore confidence in
financial reporting and business ethics?
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:22 AM
DATE MODIFIED: 8/3/2021 10:30 AM
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
a. The right to consumerism
b. The right to safety
c. The right to be protected
d. The right to be ethical
Copyright Cengage Learning. Powered by Cognero. Page 1
mynursytest.store
,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and
Cases 13th Edition Ferrell
e. The right to be heard
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES:BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:32 AM
DATE MODIFIED: 8/3/2021 10:34 AM
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:22 AM
DATE MODIFIED: 8/3/2021 11:24 AM
5. Environmental Social Governance (ESG) refers to which of the following?
a. A framework for evaluation of firm performance in the areas of environmental, social, and
governance
b. The most far-reaching change in organizational control and accounting regulations since the Securities and
Exchange Act of 1934
c. Guidelines that codified into law incentives to reward organizations for taking action to prevent misconduct
d. An organization developed to guide corporate support for ethical conduct
e. An organization’s obligation to maximize its positive impact and minimize its negative impact on stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
Copyright Cengage Learning. Powered by Cognero. Page 2
mynursytest.store
, DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making and
Cases 13th Edition Ferrell
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:24 AM
DATE MODIFIED: 8/3/2021 11:25 AM
6. The 1960s saw a rise of consumerism. What is consumerism?
a. An increase in consumer rights by individuals, organizations, and governments
b. The growth of international retail chain stores that served global consumers
c. Activities undertaken by independent individuals, groups, and organizations to protect their rights as
consumers
d. The widespread adoption of consumer-oriented marketing strategies among businesses
e. The tendency of organizations to view consumers as their most important stakeholder
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business
ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:26 AM
DATE MODIFIED: 8/3/2021 11:27 AM
7. Ethically charged decisions _______.
a. are made at all levels of work and management
b. are made primarily by top management
c. stem from individual moral philosophies
d. are less important than other decision-making processes
e. are an isolated personal issue
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Introduction
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.01 - Explore conceptualizations of business ethics from an
organizational perspective
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:27 AM
DATE MODIFIED: 8/3/2021 11:29 AM
Copyright Cengage Learning. Powered by Cognero. Page 3
mynursytest.store
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademicAssignments. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.89. You're not tied to anything after your purchase.
