Test Bank for Business Ethics Now 3rd Edition by Ghillyer

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Product descriptions: This book provides assistance to employees by taking a journey through the challenging world of business ethics at the ground level of the organization rather than flying through the abstract concepts and philosophical arguments at the treetop level. By examining issues and scenarios that relate directly to their work environment (and their degree of autonomy in that environment), employees can develop a clearer sense of how their corporate code of ethics relates to operational decisions made on a daily basis. Product details: Paperback: 256 pages Publisher: McGraw-Hill/Irwin; 3 edition (March 9, 2011) Language: English ISBN-10: 0073524697 ISBN-13: 978-0073524696 9780073524696 Link download full: https://digitalcontentmarket.org/download/test-bank-for-business-ethics-now-3rd-edition-by-ghillyer/
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  • 1. 2-1 Link download full of Test Bank for Business Ethics Now 3rd Edition by Ghillyer Click here Chapter 002 Defining Business Ethics True / False Questions 1. Business ethics involve the application of standards of moral behavior to business situations. True False 2. You can approach business ethics from two distinct perspectives: what is happening or what should be happening. True False 3. You can approach business ethics from two distinct perspectives: a descriptive summation of the customs, attitudes, and rules that are observed within a business or a normative evaluation of the degree to which the observed customs, attitudes, and rules can be said to be ethical. True False 4. Business ethics should be applied as a set of moral standards or ethical concepts separate from general ethics. True False 5. Shareholders are anyone with a share or interest in a business enterprise. True False 6. Stakeholders are anyone with a share or interest in a company. True False
  • 2. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-2 7. Stakeholders include stockholders, employees, and the federal government. True False 8. Unethical corporate behavior could negatively impact a community due to an economic decline. True False 9. Unethical corporate behavior could negatively impact suppliers because of false and misleading financial information. True False 10. An organization's unethical behavior can affect creditors by leading to a failure to repay debt according to an agreed schedule. True False 11. A negative impact from unethical corporate behavior for creditors could be the loss of employment. True False 12. The standard of corporate governance is the extent to which the officers of a corporation are fulfilling the duties and responsibilities of their offices to the relevant stakeholders. True False 13. The standard of corporate governance appears to be at the highest level in business history. True False 14. An oxymoron is the combination of two contradictory terms, such as "deafening silence" or "jumbo shrimp." True False 15. Government efficiency could be considered an oxymoron. True False
  • 3. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-3 16. "Government efficiency" and "Central Intelligence Agency" can be considered an oxymoron. True False 17. A code of ethics is a company's written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day. True False 18. A code of ethics is a company's unwritten standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day. True False 19. The positive outcome of unethical behavior in the business world has been increased attention to the need for third-party guarantees of ethical conduct and active commitments from the rest of the business world. True False 20. The Ethics Resource Center defines a code of ethics as a central guide to support day- today decision making at work. True False 21. The code of ethics serves as a message to the organization's stakeholders and should represent a clear corporate commitment to the highest standards of ethical behavior. True False 22. Written standards of ethical behavior designed to guide a company's managers and employees make daily decisions refer to a Corporate Social Responsibility Statement. True False
  • 4. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-4 23. Typically, a company's code of ethics is a public document. True False 24. The code of ethics should represent a clear guide to managers and employees in making the decisions and choices they face every day. True False 25. A code of ethics usually cannot be easily sidestepped or ignored. True False 26. The issue of corporate social responsibility has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities. True False 27. Over the last four decades, corporate ethics has remained in the organizational mainstream. True False 28. Codes of ethics are still typically cosmetic public relations documents, and very few organizations are attempting to share them with all their stakeholders. True False 29. The 2002 Sarbanes-Oxley Act introduced greater accountability for chief executive officers and boards of directors by requiring them to sign off on the financial performance records of the organizations they represent. True False 30. Because of the Sarbanes-Oxley Act, today, when employees are asked to do something that conflicts with their own personal values, seldom is the guidance from companies a series of clichés. True False
  • 5. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-5 31. "Do what's legal" is an ethical cliché. True False 32. "Do what I d" is an ethical cliché. True False 33. In resolving a truth versus loyalty dilemma, you must decide whether the decision will have short-term or long-term consequences. True False 34. In resolving a justice versus mercy dilemma, you must answer whether you perceive the issue as a question of dispensing justice or mercy. True False 35. An ethical dilemma is a situation in which there is a "right" versus "right" answer. True False 36. Once you have reached a decision as to the type of conflict you are facing, the three resolution principles are: ends-based, rules-based, and the Golden Rule. True False 37. If you utilize the rules-based resolution principle, you would consider which decision would provide the greatest good for the greatest number of people. True False 38. If you utilize the Golden Rule resolution principle, you would utilize the principle: do unto others as you would have them do unto you. True False
  • 6. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-6 39. Andrew Young's statement, "Nothing is illegal if a hundred businessmen decide to do it" is one of the commonly held rationalizations that can lead to misconduct. True False 40. A belief that the activity is safe because it will never be found out or publicized is one of the commonly held rationalizations that can lead to misconduct. True False 41. The Golden Rule resolution principle considers what would happen if everyone made the same decision as you. True False Multiple Choice Questions 42. _______ is the application of ethical standards to business behavior. A. Corporate social responsibility B. Philanthropy C. Business ethics D. Corporate culture 43. Business ethics can be approached using the _______ and _______ perspectives. A. classical, modern B. descriptive, normative C. philosophical, realist D. actual, hypothetical 44. A _______ perspective is a summation of the customs, attitudes, and rules that are observed within a business. A. descriptive B. normative C. prescriptive D. philosophical
  • 7. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-7 45. _______ is someone with a share or interest in a business enterprise. A. Shareholders B. Board of directors C. Stakeholders D. Employees 46. All of the following are stakeholders except _____. A. customers B. federal government C. competitors D. community 47. Unethical corporate behavior could negatively impact customers due to _______. A. poor service quality B. loss of employment C. loss of stock value D. loss of principle and interest payments 48. Unethical corporate behavior could negatively impact employees due to_______. A. loss of stock value B. loss of employment C. poor service quality D. loss of principle and interest payments 49. Unethical corporate behavior could negatively impact the federal government due to _____. A. false and misleading financial information used to make investment decisions B. loss of employment C. economic uptick D. the loss of tax code
  • 8. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-8 50. _______ is the system that directs and controls business corporations. A. Local governance B. State governance C. Federal governance D. Corporate governance 51. A(n) _______ is the combination of two contradictory terms. A. oxymoron B. synonym C. antonym D. metaphor 52. All of the following are oxymorons except: A. government efficiency B. authentic reproduction C. Central Intelligence Agency D. lifetime warranty 53. A(n) _______ is the written standards of ethical behavior designed to guide a company's managers and employees as they make daily decisions. A. code of ethics B. code of morality C. code of conduct D. employee handbook 54. The ______ introduced greater accountability for chief executive officers and boards of directors by requiring them to signing off on the financial performance records of the organizations they represent. A. Global Sullivan Principals B. Federal Corrupt Practices Act C. 2002 Sarbanes-Oxley Act D. False Claims Act
  • 9. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-9 55. The issue of ______ has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities. A. corporate ethics B. corporate social responsibility C. corporate donations D. corporate community involvement 56. _______ have matured from cosmetic public relations documents into performancemeasurement documents which an increasing number of organizations are now committing to share with all their stakeholders. A. Code of ethics B. 2002 Sarbanes-Oxley Act C. Federal Corrupt Practices Act D. Global Sullivan Principles 57. According to the text, which of the following is not an ethical cliché? A. Do what's legal B. Consult the company code of ethics C. Do what I do D. Do what you think is best 58. A situation in which there is no obvious "right" or "wrong" decision, but rather a "right" or "right" answer, refers to which of the following: A. ethical dilemma B. moral manifestation C. absolute ethics D. unethical dilemma 59. During the 1960s, a major ethical dilemma was _______. A. deceptive advertising B. cyber crime
  • 10. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-10 C. human rights issues D. honesty 60. _______ was/were a major ethical dilemma in the 1980s. A. Drug use escalation B. A changing work ethic C. Bribes and illegal contracting practices D. International corruption 61. _______ was/were a business ethics development in the 1990s. A. Class action lawsuits B. The Federal Corrupt Practices Act C. The establishment of the Defense Industry Initiative D. The growth of anticorruption efforts 62. In which type of conflict would you face the following question: Do you tell the truth or remain loyal to the person or organization asking you not to reveal the truth? A. Short-term versus long-term B. Justice versus mercy C. Truth versus loyalty D. Individual versus community 63. Which of the following is not a resolution principle? A. Rules-based B. The Golden Rule C. Rationalization-endured D. Ends-based 64. The _______ resolution considers what would happen if everyone made the same decision as you. A. rules-based B. ends-based C. Golden Rule
  • 11. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-11 D. similarity-based Fill in the Blank Questions 65. ________________________ is the application of ethical standards to business behavior. ________________________________________ 66. A _____________________ perspective is a summation of the customs, attitudes, and rules that are observed within a business. ________________________________________ 67. A ____________________ is someone with a share or interest in a business enterprise. ________________________________________ 68. Corporate ____________________ is the system that directs and controls business corporations. ________________________________________ 69. An ____________________ is the combination of two contradictory terms. ________________________________________ 70. A _______________________ is the written standards of ethical behavior designed to guide a company's managers and employees as they make daily decisions. ________________________________________
  • 12. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-12 71. The _______________________________ introduced greater accountability for chief executive officers and boards of directors by requiring them to signing off on the financial performance records of the organizations they represent. ________________________________________ 72. A ______________________________ is a situation in which there is no obvious "right" or "wrong" decision, but rather a "right" or "right" answer. ________________________________________ Essay Questions 73. Name and discuss three stakeholders' interests in an organization. 74. Do you agree that the standard for corporate governance appears to be at the lowest level in business history? Explain. 75. Define an oxymoron. Give an example of an oxymoron, and explain why it is an oxymoron.
  • 13. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-13 76. What is the purpose of a code of ethics for an organization? 77. Describe and discuss dramatic changes that have taken place in the business environment over the last four decades. 78. Define ethical dilemma. Give an example of an ethical dilemma. Discuss the type of conflict you are dealing with. Discuss the resolution principle you would use to resolve the ethical dilemma. 79. Discuss one of the four commonly held rationalizations, identified by Saul Gellerman, that can lead to misconduct.
  • 14. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics 2-14 80. Discuss two of the four commonly held rationalizations, identified by Saul Gellerman, that can lead to misconduct.
  • 15. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key 2-15 True / False Questions 1. (p. 22) Business ethics involve the application of standards of moral behavior to business situations. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.1 2. (p. 22) You can approach business ethics from two distinct perspectives: what is happening or what should be happening. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.1 3. (p. 22) You can approach business ethics from two distinct perspectives: a descriptive summation of the customs, attitudes, and rules that are observed within a business or a normative evaluation of the degree to which the observed customs, attitudes, and rules can be said to be ethical. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.1 4. (p. 22) Business ethics should be applied as a set of moral standards or ethical concepts separate from general ethics. FALSE
  • 16. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key 2-16 Business ethics should not be applied as a separate set of moral standards or ethical concepts from general ethics. Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.1 5. (p. 22) Shareholders are anyone with a share or interest in a business enterprise. FALSE Stakeholders are anyone with a share or interest in a business enterprise. Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.2 6. (p. 22) Stakeholders are anyone with a share or interest in a company. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.2 7. (p. 22) Stakeholders include stockholders, employees, and the federal government. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.2 8. (p. 22) Unethical corporate behavior could negatively impact a community due to an economic decline. TRUE
  • 17. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key 2-17 Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.2 9. (p. 22-23) Unethical corporate behavior could negatively impact suppliers because of false and misleading financial information. FALSE Unethical corporate behavior could negatively impact stockholders or shareholders because of false and misleading financial information on which to base investment decisions. Bloom's: Understanding Difficulty: Medium Learning Outcome: 2.2 10. (p. 22) An organization's unethical behavior can affect creditors by leading to a failure to repay debt according to an agreed schedule. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.2 11. (p. 22) A negative impact from unethical corporate behavior for creditors could be the loss of employment. FALSE A negative impact from unethical corporate behavior for creditors could be principal and interest payments and repayment of debt according to the agreed schedule.
  • 18. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key 2-18 Bloom's: Understanding Difficulty: Medium Learning Outcome: 2.2
  • 19. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key (p. 2-19 12. 23) The standard of corporate governance is the extent to which the officers of a corporation are fulfilling the duties and responsibilities of their offices to the relevant stakeholders. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 13. (p. 23) The standard of corporate governance appears to be at the highest level in business history. FALSE The standard of corporate governance appears to be at the lowest level in business history. Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 14. (p. 24) An oxymoron is the combination of two contradictory terms, such as "deafening silence" or "jumbo shrimp." TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 15. (p. 25) Government efficiency could be considered an oxymoron. TRUE
  • 20. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key (p. 2-20 Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 16. 25) "Government efficiency" and "Central Intelligence Agency" can be considered an oxymoron. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 17. (p. 25) A code of ethics is a company's written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 18. (p. 25) A code of ethics is a company's unwritten standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day. FALSE A code of ethics is a company's written standards of ethical behavior. Bloom's: Remembering Difficulty: Medium Learning Outcome: 2.3
  • 21. Full file at https://fratstock.eu Chapter 002 Defining Business Ethics Key (p. 2-21 19. (p. 24) The positive outcome of unethical behavior in the business world has been increased attention to the need for third-party guarantees of ethical conduct and active commitments from the rest of the business world. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 20. 24) The Ethics Resource Center defines a code of ethics as a central guide to support dayto-day decision making at work. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 21. (p. 25) The code of ethics serves as a message to the organization's stakeholders and should represent a clear corporate commitment to the highest standards of ethical behavior. TRUE Bloom's: Remembering Difficulty: Easy Learning Outcome: 2.3 22. (p. 25) Written standards of ethical beha
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