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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 121

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When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was, it:

A) provided its stockholders profit through a tax loophole.
B) acted in an acceptable business manner.
C) engaged in illegal behavior.
D) executed its responsibility to its owners.

E) A) and D)
F) A) and C)

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Question 122

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Employees observe behavior and adopt standards of right and wrong.

A) True
B) False

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Question 123

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When facing an ethical dilemma, it is often helpful to discuss the situation with your supervisor because ethical decisions will always withstand scrutiny.

To be effective, an organization's code of ethics needs to be communicated to outsiders such as suppliers, subcontractors, and customers.

Which of the following is a characteristic of an effective ethics officer?

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

Compliance-based ethics codes are based on preventing unlawful behavior.

Following an ethics-based approach to decision making will normally lead to:

Which of the following is an unresolved ethical issue that surrounds global trade?

The green movement has turned the heads of very few firms.

The ethical standards by which international political leaders are judged are more lenient today than they were in years past.

Many U.S. companies are demanding socially responsible behavior from their international suppliers.

As a show of corporate responsibility to your customers, your firm may elect to provide more information regarding your product than the law demands.

One responsibility of business is to satisfy customers by offering them goods and services with real value.

In an effort to promote the importance of a valuable education, the faculty and staff at the local community college are trained to ask each student about their career preferences, rather than suggest courses that may not benefit the student's future goals. Although it would be tempting to suggest courses just to increase the college's enrollment, employees know that it is more important to serve each student well, even if it means suggesting courses and/or degrees offered at other institutions. This approach is consistent with:

Corporate social responsibility describes the firm's:

In order to avoid insider trading, the SEC (Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner, rather than just to a few persons.

The majority of CEOs believe that employee misconduct results from the failure of organizational leadership to establish ethical standards.

While speaking with his sales force, the director of sales explains, "Anyone caught violating a sales law will be fired." After studying business ethics, you recognize this remark as a reference to the firm's __________ ethics.

The green movement has resulted in a positive impact on U.S. jobs.