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BA 300 (Austin)- Final Exam questions with Verified Answers
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BA 300 (Austin)- Final Exam questions with Verified Answers
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BA 300 (Austin)- Final Examquestions with Verified Answers
Armand Lauren is CEO of sequa Corporation an industrial company acquired
by the carlyle group. In a feburary 2, 2012 essay in the Wall Street Journal,
Mr Lauzon wrote "Private equity firms exist for.....potential for growth" Equity
firms and those appointed to run the companies that private-equity firms
acquire have : - -a strong shareholder orientation
- Mr henry potter the richest man in bedford falls is the principle shareholder
in Bailey Savings & loan and the banks board of trustees. He dismisses peter
bailey's restraint toward customers who fall behind in their loan as
"sentimental hogwash". Mr. Potters business philosophy is most consistent
with: - -Objectivism and shareholder orientation
- In recent Businessweek article, one scholar wrote: "When people judge
their chances of experiencing a good outcome -- getting a great job or
financial security -- they estimate their odds to be higher than average. What
concept matches that description? - -c. the illusion of optimism
- Which of the following statements about advertising ethics is not true
according to the video and reading "Ethics in Advertising"? - -b. Because
advertising is morally neutral, and because truth is always a matter of
opinion, it is impossible to identify any limits on distortion
- According to the text, a businessperson operating under the illusion of
control believes he can control events more than he really can and therefore:
- -d. Is likely to underestimate the risk facing his company from a particular
decision.
- In a February 2, 2012 Wall Street Journal, Forbs columnist Rich Karlgaar
offered a vigorous ethical defense of Apple's use of factories run by a
company named Foxconn in Shenzhen, China to make certain Apple
products, including the iPad.Apple use of Foxconn employees to manufacture
Apple products is: - -Consistent with ISCT, assuming the inspection by the
independent labor group confirms that Foxconn's treatment of a workers in
China offends no broadly held held ethical norms.
- On November 4, 2013 the Department of Justice Office of Public Affairs
issued a press release stating that Johnson and Johnson and its subsidiaries
agreed to pay more than $2.2 billion in criminal and civil liability for making
off-label was the result of multiple lawsuits filed under the ________________
provision _________________, which allows prove citizens to bring action on
,behalf of the government and to share in any recovery. - -c. Qui tam; False
Claims Act
- Carl, a junior executive, has worked for 10 years at a major tech company.
He lives in accordance with Nozcick's Rights Theory. As he pursues his next
promotion, which of the following behaviors will he consider to be ethical? - -
e. all the above
- Calicorp, a California, has decided to fire Michael, a fat hairy Muslim
employee that is in ISIS. Several employees have complained to the chief
executive officer that, now that Osama Bin Laden has been killed they feel
that it would be un-American to continue to employee a Muslim out of fear
that he will seek revenge for Bin Laden's death. If Calicorp fired Michael
because they believes his religion makes it more likely he will seek revenge
for the death of Osama Bin laden: - -b. Calicorp will be liable if the heart of
the reason the Company is firing Michael is because of his religion
- A recent survey of 1000 Wall Street analysts found that two-thirds of them
had accepted various favors from companies they follow and on which they
offer guidance to potential investors. The analysts who denied they could be
influenced to give special treatment to companies who gave them favors
may be suffering under the distorting effect of: - -a. the illusion of superiority
- According to the textbook, why does the Foreign Corrupt Practices Act
make it illegal for companies and their employees t make payments or give
rewards to a foreign government or other high-rank official? - -e. Money paid
to influence officials to make favorable decisions they would otherwise make
disrupts the free market system.
- According to the text, the federal organizational sentencing guidelines use
a "carrot and stick" to encourage corporations to comply with the federal
legal mandates including laws prohibiting fraud. The "carrot" of the
guidelines: - -a. Calls for decreases in the level of potential punishment for
companies that establish strong internal controls to detect and root our
illegal behavior.
- Destructive Development, Inc, is trying to get an ordinance passed by the
City Council that will favor their business. Nothing is written down and the
company actually has no intention of following through with the promise.
This is: - -b.An attempted bribe, because a promise of something of value in
this context has the same effect as if something has actually been received.
- According to the text, under the 2002 Sarbanes Oxley law legislating
corporate governance and accounting reform: - -e. all the above
- Utilitarianism is: - -a. Consistent with a stakeholder
, - Charles G. Koch, chairman and CEO of Koch Industries - a company
estimated to be worth $100 billion - released a book this month, called Good
Profit. On page 7 of the book, Koch talks about his company's opposition to
government subsidies, "such as special tax breaks, import tariffs, restrictions
on exports, mandates, anticompetitive regulations, and bailouts - including
those that would sermon the surface to be beneficial to us.".......... Koch's
opposition to corporate welfare is most aligned with: - -B, Nozick's rights
theory
- Aeronautics giant Boeing fired two internal auditors for leaking documents
and information to a reporter regarding alleged flaws in the company's
internal audit of it information technology control systems. The company
convened an employee review board and determined that the leaks
constituted...... Who wins and why? - -C, the boeing because sarbanes-oxley
does not protect whistleblowing to the media
- In our first class meeting, we discussed the meaning of morals versus
ethics, although they are often used interchangeably: - -E, all of the above
- On April 11, 2011 New York times reported that the gannett news
corporation decided to require lower ranked employees take unpaid furlough
days during the coming year, At the same time, according to the article, the
company substantially increased the pay of the two top executives. These
compensations moves are least consistent with - -D, rawls theory of justice
- In a november 23, 2011 Businessweek column, professor barry schwartz
wrote that "some might say banking has no moral dimension to take away."
But he also notes that bankers are not only interested in profit but are also
aware of their social responsibilities. He notes that "bankers worried about
helping farmers get this year's seed into the ground. They worried about a
couple in their 50s.... - -C, stakeholder orientation
- Barbara boss, the COO of worldwide widgets, scored a perfect j score on
the ethical orientation questionnaire. Which of the following actions is she
least likely to take? - -C, make an exception to worldwide widgets' company
policy prohibiting loans to employees by extending a short-term loan to an
employee who needs immediate cash to avoid losing his home to foreclosure
- In our second class meeting, we discussed the case involving
whistleblower, dr. jeffrey wigand, and the tobacco industry. Dr. Wigand
revealed the tobacco and cigarette industry's "intentional manipulation of
nicotine, known as impact boosting, by his former employer........ Dr.
wigland's decision to blow the whistle is most consistent with - -E, virtue
ethics
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