NU MGT400 Final Exam 2015 (SCORE 100%) - 93366

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QUESTION 1 Which of the following is a possible unintended consequence of an organization's focusing more on ethics planning that on implementation? Unethical conduct is viewed as acceptable behavior. The government implements its own audits. The ethics program is poorly designed Employees become annoyed. The implementation process incurs large costs for the organization. 1 points QUESTION 2 A(n) _________ is a tool that companies can employ to indentify and measure their ethical commitment to stakeholders. Ethical audits Social audits Financial Audits Performance Audits External Audits 2 points QUESTION 3 Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to Cultural differences multinational corporations consumerism legal difference international negotiations 2 points QUESTION 4 In ascending Order, Caroll's four levels of social responsibility are: ethical, legal, economic, philanthropic economic, ethical, philanthropic, legal economic, legal, ethical, philanthropic legal, ethical, economic, philanthropic ethical, legal, moral, economic 2 points QUESTION 5 Which ISO guideline pertains to environmental regulation standards and was designed to help reduce a firm's pollution, waster and carbon footprint? ISO 3000 ISO 2000 ISO 265000 ISO 26000 !SO 14000 2 points QUESTION 6 The term used to express how a firm meets its stakeholder exprectations of its economic, legal, ethical and philanthropic responsibilities is: reputation corporate citizenship corporate ethical audit ethical citizenship fiduciary duties 2 points QUESTION 7 Which economist espoused a kind of Darwinian or "wild west" version of capitalism? Adam Smithy Theodore Levitt Norman Bowie Herman Miller Milton Friedman 2 points QUESTION 8 What type of fraudulent activity could involve a comsumer staging an accident to seek damages? Whacking Duplicity Guile Defamation Collusion 2 points QUESTION 9 Prior to the 2008 financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations that they rated. The organizations would shop around for the agency that gave them the best rating. high ethical standards excessively complicated systems a hostile workplace conflicts of interest a good business model 2 points QUESTION 10 _____ are used to obtain or retain business and are not generally considered illegal in the U.S. Facilitation payments Bribes Gifts Coercive techniques Threats 2 points QUESTION 11 Which of the following is not a step in the ethics auditing process? Secure commitment of top executives and directors. Review organizational mission, goals, values and policies, and define ethical priorities. Report the results to the U.S. Sentencing Commission. Collect and analyze relevant information. verify the result. 2 points QUESTION 12 The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture. compliance integrity financial management corporate culture transparency 2 points QUESTION 13 Which of the following is not a measure of ethical climate? Collective skill Collective ethical sensitivity Collective judgment Collective character Collective moral motivation 2 points QUESTION 14 During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility? Secure commitment of top managers and directors. Establish a committee to oversee the audit. Define the scope of the audit process Review organizational mission, goals, values, and policies. verify the results. 2 points QUESTION 15 A(n) _____ is a financial accounting firm that offers social auditing services or a nonprofit special interest group with auditing experience that verifies the results of ethics auditing data analysis stakeholder ethics audit consultant best practices expert financial consultant board of directors 2 points QUESTION 16 _____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the “invisible hand Consumerism Cultural relativism Social Democracy Laissez-fair Bimmodal wealth distribution 2 points QUESTION 17 ______ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb. Rational economics Socialism Cultural relativisim National culture Behavioral economics 2 points QUESTION 18 Which of the following is not a criticism of or charge against multinational corporations (MNCs)? They transfer jobs overseas, where wage rates are lower They increase the gap between rich and poor nations They pay excessively high taxes everywhere They exploit the labor markets of host countries They have an unfair advantage when competing with local businesses 2 points QUESTION 19 Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues? Levying import taxes to lower the prices MNCs charge for their products Halting the establishment of minimum wage laws Avoiding the United Nations' monitoring efforts Preventing the formation of labor unions Imposing export taxes to force MNCs to share more of their profits 2 points QUESTION 20 An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the cultural reference criterion unconscious cultural criterion cultural-self criterion self-reference criterion unconscious cultural-self criterion 3 points QUESTION 21 Which moral philosophy evaluates the morality of an action on the basis of principles or rules designed to promote the greatest overall utility rather than by examining situations individually? Rule utilitarianism Act utilitarianism Rule deontology Act deontology egoism 3 points QUESTION 22 Which moral perspective defines ethical behavior subjectively from the unique experiences of individuals and groups? Virtue ethics Egoism The relativist perspective Absolutism Justice 3 points QUESTION 23 _____ typically focuses on the end result of actions and happiness created by them, whereas _____ emphasizes the means and motives by which actions are justified. Pragmatism; hedonism Deontology; pragmatism Utilitarianism; deontology Utilitarianism; a goodness theory A goodness theory; an obligation theory 3 points QUESTION 24 Enlightened egoism 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 3 points QUESTION 25 _____ 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. Relativists Hedonists Pragmatists Decontologists Teleologists 3 points QUESTION 26 Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations? Adverse opinion Qualified opinion Unqualified opinion Favorable opinion Disclaimer of opinion 3 points QUESTION 27 Under the _____, CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements. Sherman Antitrust Act Ethical Compliance Act Robinson-Patman Act Sarbanes-Oxley Act Sherman Antitrust Act 3 points QUESTION 28 During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees’ ethical decisions and conduct? Secure commitment of top managers and directors Establish a committee to oversee the audit Define the scope of the audit Collect and analyze relevant information Verify the results 3 points QUESTION 29 _____ are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success. Customers Employees Special interest groups Competitors Legislators 3 points QUESTION 30 The concept of ethics auditing emerged from the movement to audit and report on companies' broader _____ initiatives. product development legal compliance risk management public relations social responsibility 3 points QUESTION 31 Which of the following is probably the best way for a manager to provide good ethics leadership? Hire an ethics officer Write a code of conduct Conduct ethics audits Set a good example Only hire good employees 3 points QUESTION 32 Which of the following statements about multinational corporations (MNCs) is false? MNCs are corporate organizations that operate on a global scale without significant ties to any one nation or region. MNCs are inherently unethical and always do harm in the countries in which they operate. MNCs are characterized by a global strategy of focusing on opportunities throughout the world. Some MNCs are so large and powerful that their revenues are greater than the gross domestic products of many countries. Because of their size and power, MNCs have been the subject of much criticism and the source of a number of ethical issues. 3 points QUESTION 33 When in Rome, do as the Romans do, or you must adapt to the cultural practices of the country in which you are operating are rationalizations businesspeople sometimes offer for straying from their own ethical values when doing business abroad. This practice is called self-reference criterion country cultural values consumerism cultural relativism dumping 3 points QUESTION 34 _____ involves transactions across national boundaries. It is a practice that brings together people who have different cultures, values, laws, and ethical standards. Global business Country cultural values Social democracy Cultural relativism Bimodal wealth distribution 3 points QUESTION 35 Risk compartmentalization occurs when companies place their most problematic employees into separate profit centers so that they cannot influence one another to act unethically all profit centers within a corporation are aware of the code of ethics. all profit centers within an organization become aware of the consequences of competitors' actions. various profit centers within an organization become unaware of the consequences of their actions on the firm as a whole. ethics and compliance programs reduce the risk of misconduct. 3 points QUESTION 36 _____ has been codified in a United Nations document and is defined as an inherent dignity with equal and inalienable rights as the foundation of freedom, justice, and peace in the world. Cultural relativism Human rights Consumerism Dumping Health care 3 points QUESTION 37 Strong ethical leaders have a passion for all of the following except to do the right thing. be proactive. consider stakeholder interests. be role models for the organization and its employees. satisfy shareholders before other stakeholder groups. 3 points QUESTION 38 Leaders whose decisions and actions are contrary to the firm's values send a signal that the firm's values are trivial or irrelevant. that they are providing a good example of what not to do. that the firm's corporate culture is highly important. that they are working toward improving the ethical culture of the firm. that they care about the environment. 3 points QUESTION 39 Which attribute of ethical leaders will not be effective unless the leader is personally involved in the organization’s key ethical decisions? Stakeholder compassion Proactive leadership Transparency Moral philosophy Compensation 3 points QUESTION 40 Which is not considered a white collar crime? Corporate tax evasion Credit card fraud Insider trading Identity theft Mugging someone 3 points QUESTION 41 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? 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) 3 points QUESTION 42 Eric views animal research in the pharmaceutical industry as a way to improve drugs that will benefit mankind. Which moral philosophy most closely represents his viewpoint? Egoism Relativism Humanitarianism Utilitarianism Individualism 3 points QUESTION 43 In Kohlberg’s model, the stage of mutual interpersonal expectations, relationships, and conformity (Stage 3) differs from the stage of individual instrumental purpose and exchange (Stage 2) in terms of the individual’s motives in considering fairness to others. maintaining the social order. considering duty to society upholding the basic values of society maintaining obedience to authority 3 points QUESTION 44 _____ justice considers the processes and activities that produce the outcome or results. Disruptive Procedural Interactional Communications Evaluative 3 points QUESTION 45 The _____ leader demands instantaneous obedience and focuses on punishing wrong behavior, achievement, initiative, and self-control. democratic coaching affiliative coercive pacesetting 3 points QUESTION 46 Melinda is a very popular executive. She inspires her employees to follow a common vision, facilitates change, and creates a strongly positive climate, all while stressing performance. Melinda has helped to create a(n) _____ culture. authoritative caring integrative exacting affirmative 3 points QUESTION 47 _____ are satisfied by social and interpersonal relationships, and _____ are satisfied by creative or productive activities. Growth needs; relatedness needs Personal needs,; group needs Coercive needs, ethical needs Relatedness needs, growth needs Group needs, personal needs. 3 points QUESTION 48 Over the years, scholars have developed more than 100 definitions of culture. According to the text, all have the following common elements: Culture is shared, relatively stable, and is formed over a long period of time. Culture is not shared, stable, and is formed over a long period of time. Culture is shared, not stable, and is formed over a long period of time. Culture is shared, stable, and is formed over a short period of time. Culture is man-made, shared, not stable, and is formed over a short period of time. 3 points QUESTION 49 The elements of ______ important to business transactions have been defined as trust, self-control, empathy, fairness, and truthfulness. egoism utilitarianism decontology moral philosophy virtue 3 points QUESTION 50 The idea that people learn ethical or unethical behavior while interacting with others who are a part of their role sets is referred to as differential dissonance cognitive memory dissonance cognitive association differential association casual interaction 3 points QUESTION 51 How can business leaders use Motivation to improve ethical job performance? How does the hierarchy of needs play into a leader’s ability to improve ethical job performance? Path: pWords:0 4 points QUESTION 52 Explain the benefits and risks of ethics auditing? 50 word minimum Path: pWords:0 4 points QUESTION 53 What is whistle blowing and what are the concerns about this practice? Path: pWords:0 4 points QUESTION 54 What is dumping and why is it considered anti competitive? Does the United States allow dumping? Path: pWords:0 4 points QUESTION 55 How can differences in two countries’ culture create ethical issue in business? Path: pWords:0 4 points
Solution Description

QUESTION 1

Which of the following is a possible unintended consequence of an organization's focusing more on ethics planning that on implementation?

Unethical conduct is viewed as acceptable behavior.

The government implements its own audits.

The ethics program is poorly designed

Employees become annoyed.

The implementation process incurs large costs for the organization.

1 points

QUESTION 2

A(n) _________ is a tool that companies can employ to indentify and measure their ethical commitment to stakeholders.

Ethical audits

Social audits

Financial Audits

Performance Audits

External Audits

2 points

QUESTION 3

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to

Cultural differences

multinational corporations

consumerism

legal difference

international negotiations

2 points

QUESTION 4

In ascending Order, Caroll's four levels of social responsibility are:

ethical, legal, economic, philanthropic

economic, ethical, philanthropic, legal

economic, legal, ethical, philanthropic

legal, ethical, economic, philanthropic

ethical, legal, moral, economic

2 points

QUESTION 5

Which ISO guideline pertains to environmental regulation standards and was designed to help reduce a firm's pollution, waster and carbon footprint?

ISO 3000

ISO 2000

ISO 265000

ISO 26000

!SO 14000

2 points

QUESTION 6

The term used to express how a firm meets its stakeholder exprectations of its economic, legal, ethical and philanthropic responsibilities is:

reputation

corporate citizenship

corporate ethical audit

ethical citizenship

fiduciary duties

2 points

QUESTION 7

Which economist espoused a kind of Darwinian or "wild west" version of capitalism?

Adam Smithy

Theodore Levitt

Norman Bowie

Herman Miller

Milton Friedman

2 points

QUESTION 8

What type of fraudulent activity could involve a comsumer staging an accident to seek damages?

Whacking

Duplicity

Guile

Defamation

Collusion

2 points

QUESTION 9

Prior to the 2008 financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations that they rated. The organizations would shop around for the agency that gave them the best rating.

high ethical standards

excessively complicated systems

a hostile workplace

conflicts of interest

a good business model

2 points

QUESTION 10

_____ are used to obtain or retain business and are not generally considered illegal in the U.S.

Facilitation payments

Bribes

Gifts

Coercive techniques

Threats

2 points

QUESTION 11

Which of the following is not a step in the ethics auditing process?

Secure commitment of top executives and directors.

Review organizational mission, goals, values and policies, and define ethical priorities.

Report the results to the U.S. Sentencing Commission.

Collect and analyze relevant information.

verify the result.

2 points

QUESTION 12

The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture.

compliance

inte

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