HRM 522 WEEK 5 MIDTERM EXAM PART 1 - 92466

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HRM 522 WEEK 5 MIDTERM EXAM PART 1 NOTE: TWO VERSIONS POSTED MAKING 50 QUESTIONS VERSION 1 Question 1 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 2 The ________ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation. Answer United States Sentencing Commission Defense Industry Initiative on Business Ethics and Conduct World Trade Organization United Nations Global Compact Federal Sentencing Guidelines for Organizations Question 3 Ethical culture is defined as Answer rules, standards, and moral principles regarding what is right or wrong in specific situations. the establishment and enforcement of ethical codes throughout the organization. the development of rules and norms that are socially enforced. the codification of laws to reward organizations for taking action to prevent misconduct. acceptable behavior as defined by the company and industry. 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 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 6 One of the major ethical issues President Obama’s administration focused on was Answer decreasing environmental legislation. deregulation. tax decreases. incentives to oil companies. health care and consumer protection Question 7 According to the role of ethical culture in performance, all of these are drivers of profit except Answer trust. investor loyalty. employee commitment. customer satisfaction. opportunity for misconduct. Question 8 Which represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense? Answer Council on Economic Priorities and Social Accountability 8000. Sarbanes-Oxley Act. Consumer Protection Act. Defense Industry Initiative on Business Ethics and Conduct. Dodd-Frank Wall Street Reform and Consumer Protection Act. Question 9 In ascending order, Carroll's four levels of social responsibility are Answer ethical, legal, economic, philanthropic. economic, ethical philanthropic, legal. economic, legal, ethical, philanthropic. legal, ethical, economic, philanthropic. ethical, legal, moral, economic. Question 10 The term used to express how a firm meets its stakeholder expectations of its economic, legal, ethical, and philanthropic responsibilities is Answer reputation. corporate citizenship. corporate ethical audit. ethical citizenship. fiduciary duties Question 11 Which of the following is not a benefit that primary stakeholders tend to provide to organizations? Answer Supplies of capital and resources. Expertise and leadership Word-of-mouth promotion Infrastructure Pro-bono bookkeeping Question 12 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 13 Some economists believe that if companies address economic and legal issues, they are satisfying the demands of society, and that trying to anticipate and meet additional needs would be almost impossible. Which economist’s theory are they following most closely with this belief? Answer Adam Smith. Theodore Levitt. Norman Bowie. Herman Miller Milton Friedman. Question 14 Public health and safety and support of local organizations are issues most relevant to which stakeholder group? Answer Investors Community Suppliers Customers Employees Question 15 The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Answer Adam Smith. Theodore Levitt. Norman Bowie. Herman Miller Milton Friedman Question 16 The first of the three activities that are associated with the stakeholder orientation is the Answer organization-wide generation of data. organization's responsiveness to intelligence. set of consumer attributes identified. organizational strategy of target markets. human relations department's set of priorities. Question 17 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 18 What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization? Answer Channel Integrative Consumer Product Conventional Question 19 ________ involves tricking individuals into revealing their passwords or other valuable corporate information. Answer Shoulder surfing Remote hacking Social engineering Physical hacking Dumpster diving Question 20 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 21 Issues related to fairness and honesty may arise because business is sometimes regarded as a Answer legal case, where everything must be done to the letter of the law. contest, with the most ethical firm "winning." guerilla war where anything goes in the fight for consumers' dollars. game governed by its own rules rather than those of society. game governed by the rules of society. Question 22 In marketing communications, lying causes predicaments for companies because it destroys Answer trust. honor. confidence. integrity. products. Question 23 Ethical issues in business typically arise because of conflicts between individuals' personal moral philosophies and values and the Answer values and attitudes of the organization in which they work. values and attitudes of the society in which they live. values and attitudes of the organization in which they work and the society in which they live. laws and regulations of the country in which they live. values and attitudes of their parents and religion Question 24 The ethical decision-making process begins Answer with a conflict of interest. when an individual experiences a conflict between his or her values and those of his or her firm. when stakeholders trigger ethical issue awareness and individuals openly discuss it with others. with a conflict in values. when an individual experiences a conflict between his or her values and those of society. Question 25 Affirmative action programs Answer involve the promotion of unqualified employees. are not imposed by federal law on employers. are not very commonly used anymore because there is no need to protect minorities. only involve the training of individuals. involve the recruitment, hiring, promotion, and training of qualified individuals VERSION 2 1. Principles are 2. Ethics is a part of decision making 3. Which of the following is not something a firm might do to encourage organizational ethics and compliance? 4. During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation? 5. Having acceptable personal ethics is probably not going to be sufficient to handle complex business ethical issues when an individual has 6. Which of the following is generally not considered a business ethics issue? 7. Social responsibility is 8. Investors are concerned about business ethics because they know that misconduct can 9. Which of the following industries tends to generate a high level of trust from consumers and stakeholders? 10. Stakeholders' power over businesses stems from their 11. Why do critics argue that high compensation for boards of directors is a bad thing? 12. Which of the following is not a method typically employed by firms when researching relevant stakeholder groups? 13. The degree to which a firm understands and addresses stakeholder demands can be referred to as 14. One policy to address the issue of executive pay was implemented by J.P. Morgan, it stated that ________. 15. Public health and safety and support of local organizations are issues most relevant to which stakeholder group? 16. The originator of the idea of the invisible hand, which is a fundamental concept in free market capitalism, was 17. ________ is defined as any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression. 18. Among retail stores, ________ is a larger problem than customer shoplifting 19. ________ are used to obtain or retain business and are not generally considered illegal in the U.S. 20. What type of fraudulent activity could involve a consumer staging an accident to seek damages? 21. Abusive or intimidating behavior is the most common ethical problem for employees. Which of the following is not related to this concept? 22. Which of the following is not a consequence of ethical misconduct? 23. Optimization is defined as 24. Which of the following is not a side-effect of being the victim of workplace bullying? 25. Concerns involving copyright infringement on books, movies and music, and other illegally produced goods relate to which type of ethical issue?
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