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1. Which of the following is true about corporate cultures?
Corporate cultures are not influenced by the people comprising that organization.
Corporate cultures are not subject to changes over time.
Corporate cultures can hinder individuals in making the "right" decisions.
Corporate cultures in a global firm differ significantly across different countries.

2. Which of the following is emphasized by a compliance-based culture?
Reliance on personal integrity of employees for decision making
Use of values as the principle for decision making
Obedience to rules as the primary responsibility of ethics
Reinforcement of a set of values rather than a set of rules

3. Which of the following is an effective way of creating clear and successful reporting schemes?
Leaders empowering subordinates to take decisions without providing guidance
Managers ignoring the risk and taking a wait-and-see attitude
Consistent and continuous communication of the firm's values to all stakeholders
Subordinates staying away from reporting unethical behaviors of superiors

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