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."

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: By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

conflicts of interest.

cronyism.

reporting transparency.

corporate espionage.

dual reporting.

Question 3: ________ tie(s) an organization's product(s) directly to a social concern through a marketing program.

Voluntary contributions

Cause-related marketing

Strategic philanthropy

Corporate giving

Employee benefits

Question 4: Which of the following acts can be classified as procompetitive legislation?

Equal Pay Act of 1963

Civil Rights Act of 1964

McCarran-Ferguson Act of 1944

Sherman Antitrust Act of 1890

Occupational Safety and Health Act of 1970

Question 5: Which of the following acts exempted the insurance industry from antitrust legislation?

Equal Pay Act of 1963

Civil Rights Act of 1964

McCarran-Ferguson Act of 1944

Sherman Antitrust Act of 1890

Occupational Safety and Health Act of 1970

Question 6: Which of the following is not a benefit to businesses of engaging in voluntary responsibilities?

Help create an ethical culture and values that can act as a buffer to organizational misconduct

Reduce government involvement by providing assistance to stakeholders

Develop employee leadership skills

Improve employee compensation and retention

Improve the quality of life in communities

Question 7: Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance?

Department of Justice and Open Compliance Ethics Group

Department of Justice and the Sarbanes-Oxley Act

Federal Sentencing Guidelines for Organizations and the Sarbanes-Oxley Act

Food and Drug Administration and the Sarbanes-Oxley Act

Securities and Exchange Commission and the Sarbanes-Oxley Act

Question 8: The primary objective of U.S. antitrust laws is to

protect consumers from high prices and foreign products.

protect domestic businesses.

protect employees.

promote strategies that enhance business welfare over consumer welfare.

distinguish competitive strategies that enhance consumer welfare from those that reduce it.

Question 9: The relationship between business ethics and age

shows a negative correlation.

is simple. Greater experience leads to better ethical decision making.

is complex, although experience helps older employees make ethical decisions.

suggests that employees with less experience have a greater ability to deal with complex industry-specific ethical issues.

does not demonstrate a statistically significant correlation.

Question 10: The ________ includes the motivational "carrots and sticks" superiors use to influence employee behavior.

Obedience to authority

Immediate job context

Locus of control

Normative approach

Descriptive approach

Question 11: Which of the following is the first step in the ethical decision making process?

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 12: Employees that see themselves as going with the flow because that's all they can do have a(n)

external locus of control.

moral intensity

obedience to authority

opportunity

internal locus of control.

Question 13: ________ institutions include religion, education, and individuals such as the family unit.

Social

Conservative

Economic

Liberal

Political

Question 14: ________ is the first sign that an unethical decision has occurred.

Guilt

Reward

Punishment

Cognitive dissonance

Happiness

Question 15: ________ relates to individuals' perceptions of social pressure and the harm they believe their decisions will have on others.

Ethical awareness

Moral intensity

Individual factors

Ethical issue intensity

Social awareness

Question 16: The ________ states that economic and social equalities should be arranged to provide the most benefit to the least-advantaged members of society.

Equality principle

Difference principle

Constitutional principle

Liberty principle

Justice principle

Question 17: ________ is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.

John Maynard Keynes

Henry Kissinger

George Washington

Adam Smith

Lawrence Kohlberg

Question 18: ________ believe that no one thing is intrinsically good.

Hedonists

Pluralists

Relativists

Deontologists

Teleologists

Question 19: Which moral philosophy considers an act to be morally right or acceptable if it produces some desired result?

Teleology

Deontology

The relativist perspective

Ethical formalism

Hedonism

Question 20: 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)

utilitarian.

relativist.

teleologist.

deontologist.

egoist.

Question 21: 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)

Question 22: ________ justice is based on the evaluation of outcomes or results of the business relationship.

Procedural

Interactional

Distributive

Ethical

Egotistical

Question 23: ________ argues that ethical behavior involves not only adhering to conventional moral standards but also considering what a mature person with a "good" moral character would deem appropriate.

Act utilitarianism

Virtue ethics

Reciprocity

Hedonism

Rule deontology

Question 24: A central problem with relativism is

that it emphasizes people's differences, not similarities.

that few people believe that these principles are important.

that they are very complicated.

that they represent unattainable goals.

that many feel that virtue ethics only works in theory.

Question 25: 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