HRM 522/HRM522 Week 5 Midterm Exam (Part 1 & 2) 50 Questions - 90657

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HRM 522 Week 5 Midterm Exam Part 1 Question 1 Principles are Answer laws and regulations that guide behavior in the world of business. mores, values, and customs that guide behavior in general. specific and pervasive boundaries for behavior that are universal and absolute. the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders. the mores, values, and customs that parents teach their children. Question 2 Ethics is a part of decision making Answer at all levels of work and management. primarily at the upper management levels of an organization. mostly for policy makers. that is less important than other decision making processes. only at that lower levels of organizational management Question 3 Which of the following is not something a firm might do to encourage organizational ethics and compliance? Answer Employee ethics training Hiring a compliance officer Ignoring potential ethical issues Writing a code of ethics Conducting an ethics and compliance audit Question 4 During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation? Answer Sarbanes-Oxley Act Federal Sentencing Guidelines for Organizations Dodd-Frank Wall Street Reform and Consumer Protection Act Foreign Corrupt Practices Act Global Sullivan Principles Question 5 Having acceptable personal ethics is probably not going to be sufficient to handle complex business ethical issues when an individual has Answer family concerns. an unethical boss. limited business experience. financial training. a marketing background Question 6 Which of the following is generally not considered a business ethics issue? Answer Harassment Accounting fraud Employee theft Misuse of organizational resources Corporate hierarchy Question 7 Social responsibility is Answer an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. principles and standards that guide behavior in the world of business. a business's responsibility not to pollute the environment. a business's responsibility to manufacture products that function properly. charitable contributions made by a business to enhance its image Question 8 Investors are concerned about business ethics because they know that misconduct can Answer foster stability. improve employee commitment. improve customer loyalty. lower stock value and prices. complicate business financial reporting Question 9 Which of the following industries tends to generate a high level of trust from consumers and stakeholders? Answer Insurance Technology Banks Mortgage lenders Financial services Question 10 Stakeholders' power over businesses stems from their Answer ability to withdraw or withhold resources. ability to generate profits. media impact. political influence. stock ownership Question 11 Why do critics argue that high compensation for boards of directors is a bad thing? Answer It is too expensive for the organization. It could cause conflicts of interest between the directors and the organization. It is not fair to poorly compensated employees. High pay will render the board less complacent. Board of director compensation is not a major issue Question 12 Which of the following is not a method typically employed by firms when researching relevant stakeholder groups? Answer Surveys Focus groups Internet searches Press reviews Guessing Question 13 The degree to which a firm understands and addresses stakeholder demands can be referred to as Answer a stakeholder orientation. a shareholder orientation. the stakeholder interaction model. d. a two-way street. e. a continuum. Question 14 One policy to address the issue of executive pay was implemented by J.P. Morgan, it stated that _______. Answer there should be no limit on what top executives can earn. managers should earn no more than twenty times the pay of other employees. top managers should make the same amount as other employees. employees can determine how much managers make. the government should determine the worth of each manager’s service Question 15 Public health and safety and support of local organizations are issues most relevant to which stakeholder group? Answer Investors Community Suppliers Customers Employees Question 16 The originator of the idea of the invisible hand, which is a fundamental concept in free market capitalism, was Answer Adam Smith. Theodore Levitt. Norman Bowie. Herman Miller Milton Friedman Question 17 ________ is defined as any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression. Answer Stealing Lying Fraud Misappropriation Accounting fraud Question 18 Among retail stores, ________ is a larger problem than customer shoplifting. Answer poor stock performance weak leadership internal employee theft misuse of merchandise employee dissatisfaction Question 19 ________ are used to obtain or retain business and are not generally considered illegal in the U.S. Answer Facilitation payments Bribes Gifts Coercive techniques Threats Question 20 What type of fraudulent activity could involve a consumer staging an accident to seek damages? Answer Whacking Duplicity Guile Defamation Collusion Question 21 Abusive or intimidating behavior is the most common ethical problem for employees. Which of the following is not related to this concept? Answer Physical threats False accusations Being annoying Profanity Performance probation Question 22 Which of the following is not a consequence of ethical misconduct? Answer Decreased reputation Shaken customer loyalty Reduced investor confidence Increased sales Legal actions by wronged parties Question 23 Optimization is defined as Answer the quality of being just, equitable, and impartial. a trade-off between equity and efficiency. an interchange of giving and receiving in social relationships. how wealth or income is distributed between employees within a company. a lack of integrity, incomplete disclosure, and an unwillingness to tell the truth Question 24 Which of the following is not a side-effect of being the victim of workplace bullying? Answer Increased productivity Sleep disturbance Depression Increased sick days Stomach problems Question 25 Concerns involving copyright infringement on books, movies and music, and other illegally produced goods relate to which type of ethical issue? Answer Conflict of interest Honesty Communications Discrimination Intellectual property rights HRM 522 Week 5 Midterm Exam Part 2 Question 1 The ________ was called “a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression.” Answer Equal Pay Act Americans with Disabilities Act Dodd-Frank Wall Street Reform and Consumer Protection Act Age Discrimination in Employment Act VII of the Civil Rights Act Question 2 ________ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law. Answer Civil Criminal Competitive Administrative Regulatory Question 3 ________ is the synergistic and mutually beneficial use of an organization’s core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits. Answer Social responsibility Business ethics Corporate philanthropy Strategic philanthropy Cause-related marketing Question 4 The ________ of ethics involves embedding values, norms, and artifacts in organizations, industries, and society. Answer institutionalization rationalization commercialization mobilization enforcement Question 5 The ________ regulates tobacco, dietary supplements, vaccines, veterinary drugs, medical devices, cosmetics, products that give off radiation, and biological products. Answer World Trade Organization Consumer Financial Protection Agency Department of Justice Environmental Protection Agency The Food and Drug Administration Question 6 Which is not one of the four sources of criminal and civil laws? Answer Judicial law Common law Constitutional law Administrative law Statutory law Question 7 Title VII of the Civil Rights Act of 1964 Answer prohibits discrimination on the basis of race, color, sex, religion, or national origin. penalizes the top executives in an organization for misconduct. is basically the same as the Sarbanes-Oxley Act. discourages whistle-blowers from reporting misconduct. prohibits pay discrimination on the basis of gender Question 8 Companies that ________ will most likely be found in violation of procompetitive legislation. Answer pollute waterways knowingly harm consumers contract with sweatshops establish monopolies help consumers Question 9 The ________can be defined as a set of values, norms, and artifacts, including ways of solving problems shared by members of an organization. Answer corporate culture intentions of a corporate ethical issue awareness determination of a corporation individual factors Question 10 Which of the following is not considered a significant other group in the workplace? Answer Peers Managers Spouses Coworkers Subordinates Question 11 ______ have been found to decrease unethical practices and increase positive work behavior. Answer High educational attainment levels High levels of community involvement Charismatic leaders Strong religious beliefs Good personal values Question 12 For people who begin the value shift that leads to unethical decisions, which of the following is not a usual justification to reduce and eliminate guilt? Answer I need a paycheck and can't afford to quit right now. Those around me are doing it so why shouldn't I? If I don't do this, I might not be able to get a good reference from my boss when I leave. If I don't do this, I might never be promoted. This is in keeping with my personal morals and the code of conduct, so it is okay. Question 13 Which of the following is the first step in the ethical decision making process? Answer Being socialized into the firm's corporate culture Applying a personal moral philosophy in order to individualize the ethical decision making process Recognizing that an issue requires an individual or work group to make a choice that ultimately will be judged by stakeholders as right or wrong Soliciting the opinions of others in a work group or in the overall business in order to gain feedback Enforcing the firm's ethical standards with rewards and punishment Question 14 The ________ includes the motivational "carrots and sticks" superiors use to influence employee behavior. Answer Obedience to authority Immediate job context Locus of control Normative approach Descriptive approach Question 15 Employees that see themselves as going with the flow because that's all they can do have a(n) Answer external locus of control. moral intensity obedience to authority opportunity internal locus of control Question 16 ________ is the ability to perceive whether a situation or decision has an ethical dimension. Answer Ethical issue intensity Locus of control Ethical awareness Moral intensity Opportunity Question 17 ________ have lower ethical issue sensitivity, meaning they are less likely to detect ethical issues. They may be more committed to completing projects and more dedicated to group values and objectives. Answer Relativists Hedonists Pragmatists Deontologists Teleologists Question 18 Enlightened egoism Answer is when an individual puts spiritual feelings above all others. centers completely on the short-term well-being of others. centers on one's short-term self-interest. centers on one's long-term self-interest but takes others’ well-being into account. centers on the long-term well-being of others Question 19 ________ believe that no one thing is intrinsically good. Answer Hedonists Pluralists Relativists Deontologists Teleologists Question 20 An individual who emphasizes others rather than himself or herself in making decisions is in which of the following of Kohlberg's stages of development? Answer Universal ethical principles (6th stage) Mutual interpersonal expectations, relationships, and conformity (3rd stage) Social system and conscience maintenance (4th stage) Punishment and obedience (1st stage) Prior rights, social contract, or utility (5th stage Question 21 Which moral philosophy evaluates the morality of an action on the basis of its conformity to general moral principles and respect for individual rights? Answer The relativist perspective Act utilitarianism Rule utilitarianism Act deontology Rule deontology Question 22 Which is the last of Kohlberg's stages of cognitive moral development? Answer Individual instrumental purpose and exchange Need achievement Social system and conscience maintenance Punishment and obedience Universal ethical principles Question 23 An individual who believes that an action is ethical because others within his or her company and industry regularly engage in the activity is probably a(n) Answer utilitarian. relativist. teleologist. deontologist. egoist. Question 24 ________ justice considers the processes and activities that produce the outcome or results. Answer Disruptive Procedural Interactional Communications Evaluative Question 25 According to Kohlberg's model, as a person progresses through the stages of moral development, and with time, education, and experience, he/she Answer is unlikely to change his/her values and ethical behavior. may change his/her values and ethical behavior. will likely be promoted. will depend more on the input of significant others in ethical decision making. will experience less opportunity to behave unethically.
Solution Description

HRM 522 Week 5 Midterm Exam Part 1


Question 1 
Principles are
Answer 
laws and regulations that guide behavior in the world of business.
mores, values, and customs that guide behavior in general.
specific and pervasive boundaries for behavior that are universal and absolute.
the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders.
the mores, values, and customs that parents teach their children.
Question 2 
Ethics is a part of decision making
Answer 
at all levels of work and management.
primarily at the upper management levels of an organization.
mostly for policy makers.
that is less important than other decision making processes.
only at that lower levels of organizational management
Question 3 
Which of the following is not something a firm might do to encourage organizational ethics and compliance?
Answer 
Employee ethics training
Hiring a compliance officer
Ignoring potential ethical issues
Writing a code of ethics
Conducting an ethics and compliance audit
Question 4 
During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation?
Answer 
Sarbanes-Oxley Act
Federal Sentencing Guidelines for Organizations
Dodd-Frank Wall Street Reform and Consumer Protection Act
Foreign Corrupt Practices Act
Global Sullivan Principles
Question 5 
Having acceptable personal ethics is probably not going to be sufficient to handle complex business ethical issues when an individual has
Answer 
family concerns.
an unethical boss.
limited business experience.
financial training.
a marketing background
Question 6 
Which of the following is generally not considered a business ethics issue?
Answer 
Harassment
Accounting fraud
Employee theft
Misuse of organizational resources
Corporate hierarchy
Question 7 
Social responsibility is
Answer 
an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
principles and standards that guide behavior in the world of business.
a business's responsibility not to pollute the environment.
a business's responsibility to manufacture products that function properly.
charitable contributions made by a business to enhance its image
Question 8 
Investors are concerned about business ethics because they know that misconduct can
Answer 
foster stability.
improve employee commitment.
improve customer loyalty.
lower stock value and prices.
complicate business financial reporting
Question 9 
Which of the following industries tends to generate a high level of trust from consumers and stakeholders?
Answer 
Insurance
Technology
Banks
Mortgage lenders
Financial services
Question 10 
Stakeholders' power over businesses stems from their
An

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