TEST BANK FOR ALL CHAPTERS 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 Copyright Cengage Learning. Powered by Cognero.
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