1. Principles vare
a. laws vand vregulations vthat vguide vbehavior vin vthe vworld vof vbusiness.
b. mores, vvalues, vand vcustoms vthat vguide vbehavior vin vgeneral.
c. specific vand vpervasive vboundaries vfor vbehavior vthat vare vuniversal vand vabsolute.
d. the vobligations vbusinesses vassume vto vmaximize vtheir vpositive vimpact vand vminimize vtheir
vnegative vimpact von v stakeholders.
e. the vmores, vvalues, vand vcustoms vthat vparents vteach vtheir vchildren.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. v5
LEARNING vOBJECTIVES:v LO: v1-1 v- vExplore vconceptualizations v of vbusiness vethics vfrom van
vorganizational v perspective.
NATIONAL v STANDARDS: v v v United vStates v- vBUSPROG: v Ethics
STATE v STANDARDS: United vStates v- vNONE v- vDISC: vEthical vResponsibilities v - vEthical
vResponsibilities
KEYWORDS: Blooms: vComprehension
2. Social vresponsibility vis
a. an vorganization's vobligation vto vmaximize vits vpositive veffects vand vminimize vits vnegative veffects von
vstakeholders.
b. principles vand vstandards vthat vguide vbehavior vin vthe vworld vof vbusiness.
c. a vbusiness's vresponsibility vnot vto vpollute vthe venvironment.
d. a vbusiness's vresponsibility vto vmanufacture vproducts vthat vfunction vproperly.
e. charitable vcontributions vmade vby va vbusiness vto venhance vits vimage.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. v23
LEARNING v OBJECTIVES: v v LO: v1-4 v- vGain vinsight vinto vthe vextent vof vethical vmisconduct vin vthe
vworkplace vand vthe v pressures vfor vunethical vbehavior.
NATIONAL v STANDARDS: v v v United vStates v- vBUSPROG: v Ethics
STATE v STANDARDS: United vStates v- vNONE v- vDISC: vEthical vResponsibilities v - vEthical
vResponsibilities
KEYWORDS: Blooms: vKnowledge
, 3. The was/were venacted vto vrestore vconfidence vin vfinancial vreporting vand vbusiness vethics
vafter vthe vaccounting v scandals vof vthe vearly v2000s.
a. Defense vIndustry vInitiative von vBusiness vEthics vand vConduct
b. Sarbanes-Oxley vAct
c. Federal vSentencing vGuidelines vfor vOrganizations
d. Foreign vCorrupt vPractices v Act
e. Dodd-Frank vWall vStreet vReform vand vConsumer vProtection vAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. v13
LEARNING vOBJECTIVES: v vLO: v1-2 v- vExamine vthe vhistorical vfoundations vand vevolution vof vbusiness
vethics.
NATIONAL v STANDARDS: v v v United vStates v- vBUSPROG: v Ethics
STATE v STANDARDS: United vStates v- vNONE v- vDISC: vEthical vResponsibilities v - vEthical
vResponsibilities
KEYWORDS: Blooms: vKnowledge
4. The vterm vbusiness v ethics v is vbest vdescribed vby vthe vfollowing vstatement:
a. It vis vthe vstudy vand vphilosophy vof vhuman vconduct, vwith van vemphasis von vdetermining vright vand
vwrong.
b. It vis van v"inquiry vinto vthe vnature vand vgrounds vof vmorality vwhere vthe vterm vmorality vis
vtaken vto vmean vmoral v judgments, vstandards vand vrules vof vconduct."
c. It vis vthe v"study vof vthe vgeneral vnature vof vmorals vand vof vspecific vmoral vchoices; vmoral
vphilosophy; vand vthe vrules vor v standards vgoverning vthe vconduct vof vthe vmembers vof va
vprofession."
d. It vis van vorganization's vobligation vto vmaximize vits vpositive veffects vand vminimize vits
vnegative veffects von v stakeholders.
e. It vcomprises vthe vprinciples, vvalues, vand vstandards vthat vguide vbehavior vin vthe vworld vof vbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. v5
LEARNING vOBJECTIVES:v LO: v1-1 v- vExplore vconceptualizations v of vbusiness vethics vfrom van
vorganizational v perspective.
NATIONAL v STANDARDS: v v v United vStates v- vBUSPROG: v Ethics
STATE v STANDARDS: United vStates v- vNONE v- vDISC: vEthical vResponsibilities v - vEthical
vResponsibilities
KEYWORDS: Blooms: vKnowledge
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