Ethical Decision Making in Business Exam Preparation Guide
Course Introduction
This course explores the principles and practices of ethical decision-making within the business environment. Students will examine moral philosophies, ethical frameworks, and the role of organizational culture in shaping choices and behavior. Throughout the course, real-world business dilemmas and case studies are analyzed to highlight complex ethical issues that affect stakeholders, corporate governance, social responsibility, and regulatory compliance. By integrating theory with practical application, the course equips students with tools and strategies to recognize, evaluate, and resolve ethical challenges, fostering responsible leadership and sustainable business practices.
Recommended Textbook
Business Ethics Now 4th Edition by Andrew
W. Ghillyer
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10 Chapters
1003 Verified Questions
1003 Flashcards
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Chapter 1: Understanding Ethics
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) At the _____ stage,a person is focused on self-chosen ethical principles that are found to be comprehensive and consistent.
A) "good boy/nice girl" ethical orientation
B) law and order orientation
C) universal ethical principle orientation
D) obedience and punishment orientation
Answer: C
Q2) Happiness and health are examples of instrumental values that are pursued to reach another value.
A)True
B)False
Answer: False
Q3) Universal ethics argues that:
A) societies can place different emphasis on different virtues.
B) ends justify the means.
C) there are certain principles that should apply to all ethical judgments.
D) everyone is committed to doing the right thing.
Answer: C
Q4) Kohlberg's framework offers us a clearer view into the process of ethical _____.
Answer: reasoning
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Chapter 2: Defining Business Ethics
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) The _____ of 2002 introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.
A) Comstock Act
B) Federal Corrupt Practices Act
C) Sarbanes-Oxley Act
D) National Banking Act
Answer: C
Q2) Corporate governance is the system by which businesses are directed and controlled.
A)True
B)False
Answer: True
Q3) _____ is the system that directs and controls business corporations.
Answer: Corporate governance
Q4) An organization's code of ethics has no relevance to its stakeholders.
A)True
B)False
Answer: False
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Chapter 3: Organizational Ethics
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Marketing professionals are responsible for ensuring that the right programs and policies for ethical business conduct are in place.
A)True
B)False
Answer: False
Q2) It is illegal to defer receipts from one quarter to the next to manage tax liabilities.
A)True
B)False
Answer: False
Q3) A situation in which one relationship or obligation places the individual or firm in direct conflict with an existing relationship or obligation refers to a conflict of interest.
A)True
B)False
Answer: True
Q4) Nonprofit organizations do not face problems with unethical behavior.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Corporate Social Responsibility
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Sample Questions
Q1) Bector Airlines supports relief camps in the Republic of Cadmia with donations of both money and employee-donated volunteer hours.It also provides packaged food in times of natural crises such as hurricanes,earthquakes,etc.This is an example of _____ CSR.
A) strategic
B) economic
C) altruistic
D) ethical
Q2) _____ corporate social responsibility (CSR)encompasses philanthropic activities targeted toward programs that generate the most positive publicity or goodwill for the organization.
Q3) Which of the following is an example of corporate social responsibility?
A) Brenner Enterprises gives its employees greater freedom in choosing projects.
B) Dawson Inc.uses clean-fuel technology shuttle for employee conveyance.
C) Larsen Inc.provides free lunch coupons to its employees.
D) Infinite Corp.promotes team building activities for employees.
Q4) _____ corporate social responsibility (CSR)runs the greatest risk of being perceived as self-serving behavior on the part of the organization.
Q5) Explain corporate social responsibility and the assumption on which it operates.
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Chapter 5: Corporate Governance
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100 Flashcards
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Sample Questions
Q1) The triple bottom line advocated by the King II report recognizes the economic,environmental,and _____ aspects of a company's activities.
Q2) Running a company of any size effectively requires the board of directors to work with the _____,making constant evaluations of risk-versus-reward scenarios together.
Q3) The Sarbanes-Oxley Act of 2002 incorporates the "_____" approach to corporate governance.
Q4) The main responsibility of the compensation committee is to set the compensation for all the employees of the organization,including its outside contractors.
A)True
B)False
Q5) The "comply or explain" guideline proved to be an effective deterrent to corporate financial scandals.
A)True
B)False
Q6) The board of directors is a group of individuals,elected by the vote of _____ at the annual general meeting,who oversee the governance of an organization.
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7
Chapter 6: The Role of Government
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103 Flashcards
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Sample Questions
Q1) Under the FSGO,the _____ is a fine that is set high enough to match all the organization's assets and basically put the organization out of business.
Q2) Brendon Inc.required a permit to open its business in the country of Cadmia.Although it had met all the requirements for the permit,the officials concerned delayed providing Brendon Inc.with the permit.To expedite the process,the company made a payment to a customs official.Which of the following types of payments is this an example of?
A) Accentuation payment
B) Facilitation payment
C) Flood payment
D) Insulation payment
Q3) According to the Federal Sentencing Guidelines for Organizations,criminal offenses,whether actual or suspected,must generate an appropriate response,analysis,and corrective action in order to establish an effective compliance program.
A)True
B)False
Q4) Under the Federal Sentencing Guidelines for Organizations,the _____ is calculated by multiplying the base fine up to 4 times.
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Chapter 7: Blowing the Whistle
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Sample Questions
Q1) The _____ first addressed the issue of retaliation against federal employees who bring accusations of unethical behavior.
A) Sarbanes-Oxley Act of 2002
B) Whistleblower Protection Act of 1989
C) False Claims Act of 1863
D) Rehabilitation Act of 1973
Q2) Internal whistle-blowing occurs when an employee discovers corporate misconduct within his or her organization and brings it to the attention of law enforcement agencies and/or the media.
A)True
B)False
Q3) The Whistleblower Protection Act of 1989 is also known as the Corporate and Criminal Fraud Accountability Act.
A)True
B)False
Q4) Under the _____ Act of 2002,congress took an integrated approach to the matter of whistle-blowing by prohibiting retaliation against whistle-blowers and encouraging the act of whistle-blowing.
Q5) The Whistleblower Protection Act of 1989 applied only to _____ employees.
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Chapter 8: Ethics and Technology
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Sample Questions
Q1) The legal concept of _____ holds employers liable for the actions of their employees through Internet communications to the same degree as if they had written those communications on company letterhead.
A) cyberliability
B) cybersquatting
C) hyper-networking
D) virtual-mirroring
Q2) According to the legal concept of cyberliability,employers can be held liable for the actions of their employees through Internet communications to the same degree as if they had written those communications on company letterhead.
A)True
B)False
Q3) Computer ethics extends to considering the social consequences of the program being written and ensuring that your work doesn't harm people.
A)True
B)False
Q4) Explain the employers' perspective on monitoring employees' activity at the workplace.
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Chapter 9: Ethics and Globalization
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Sample Questions
Q1) What is the UN Global Compact?
A) It is a standard of business practice that all countries are expected to follow,by law.
B) It is a set of mandatory rules by which multinational corporations are expected to operate.
C) It is a body of rules that deals exclusively with fair pricing and customer satisfaction.
D) It is a voluntary corporate initiative that addresses the main concerns of globalization.
Q2) _____ is one of the four key areas of concern upon which the UN Global Compact focuses.
A) Domestic-abuse
B) Foreign Exchange
C) Anticorruption
D) Over-population
Q3) American companies can be held accountable for their ethical performance in the United States by the _____.
Q4) A _____ nation is one that lacks the economic,social,and technological infrastructure of a developed nation.
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Chapter 10: Making It Stick: Doing Whats Right in a Competitive Market
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Sample Questions
Q1) Derek oversees the investigations of wrongdoings in his organization and provides additional guidance and support to the employees.He also develops training programs for every department to maintain organizational conduct.Which of the following positions does Derek most likely hold in his company?
A) Chief knowledge officer
B) Assessing officer
C) Ethics officer
D) Chief analytics officer
Q2) True ethical policies are proactive,which occur when the company develops a clear sense of what it stands for as an ethical organization.
A)True
B)False
Q3) The _____ is the senior executive responsible for monitoring an organization's moral standards both internally and externally.
A) ethics officer
B) assessing officer
C) chief knowledge officer
D) chief analytics officer
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