Demanding Ethical and Socially Responsible Behavior Test Bank Rated A+

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Learning Goal LL:1 Knows Basic Terms and Facts LL:2 Understands Concepts and Principles LL:3 Applies Principles 1. Explain why obeying the law is only the first step in behaving ethically... . 1,2,3,4,5,6,7, 158,159,160,161,162 8,9,10,11,12,13,14,15, 16,17~, 163,164,165,166,167, 168,169,170~,171~, 172~ 18,19,20~,21~,22~, 23~, 173,174,175,176,177 2. Ask the three questions to answer when faced with a potentially unethical action. 24,25,26,27,28,29,30,31, 32, 178,179,180,181,182 33,34,35,36,37,38, 183,184,185,186, 39,40,41,42,43,44~, 45~, 187~,188,189,190 3. Describe management’s role in setting ethical standards. 46,47,48,49,50,51,52,53, 54,55,56,57,58,59, 191,192,193,194 60,61,62,63,64,65,66, 67, 195,196,197,198,199 68, 200,201,202,203 4. Distinguish between compliance-based and integrity-based ethics codes, and list the six steps in setting up a corporate ethics code. 69,70,71,72,73,74,75,76, 77,78 204,205,206,207,208,209, 210,211,212 79,80,81,82,83,84, 213,214,215,216,217, 281,283, 287* 85,86,87,89, 218,219,220,221,222, 223 5. Define corporate social responsibility and compare corporations’ responsibilities to various stakeholders. 90,91,92,93,94,95,96,97, 98,99,100,101,102,103, 104,105,106,107,108,109, 110,111,112,113,114~,115, 116,117,118,119, 224,225,226,227,228,229, 230,231,232,234,235,236, 237,238,239,240,241,242, 243 120,121,122,123,124, 125,126,127,128,129, 244,245,246,247,248, 249,250,251,252,253, 254~,255~,256,257, 258, 291* 130,131,132,133,134, 135,136, 259,260,261,262,263, 264,265,266~,267,268, 269, 285, 288* 6. Analyze the role of American businesses in influencing ethical behavior and social responsibility in global markets. 137,138,139,140,141,142, 143,144,145,146, 270,271,272,273,274 147,148,149,150,151, 152, 275,276, 282 153,154,155~,156~, 157~, 277~,278~,279,280, 284,286, 289*,290* 4-1 Chapter 04 - Demanding Ethical and Socially Responsible Behavior Total number of test items: 291 True/false questions are in plain text. Multiple choice questions are in bold text. Questions on boxed material are in bold text with a tilde~. Essay questions are in bold underlined text. Minicase questions are in bold with an asterisk*. 4-2 Chapter 04 - Demanding Ethical and Socially Responsible Behavior True / False Questions 1. The Enron scandal illustrates the difference between unethical behavior and illegal behavior. True False 2. Ethical behavior requires more than following the law. True False 3. Legal behavior and ethical behavior are basically the same. True False 4. A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical. True False 5. Ethical behavior refers to the standards that are accepted by society as right or wrong. True False 6. People should look at each situation individually and decide for themselves if it is right or wrong. True False 7. Given the level of diversity within the United States, agreement on common standards of ethical behavior is unachievable. True False 4-3 Chapter 04 - Demanding Ethical and Socially Responsible Behavior 8. An accurate statement regarding this chapter is: "Business law establishes ethical behavior." True False 9. Legal behavior is directly related to our relationships with others, while ethical behavior is not. True False 10. Legal behavior is a first step toward ethical behavior. True False 11. Laws that protect us from fraud, theft and violence determine ethical behavior. True False 12. Moral behavior refers to behavior that is accepted by society as right versus wrong. True False 13. Ethical behavior focuses on treating others fairly. True False 14. Making accounting records more transparent may help restore trust in the free-market system and leaders in general. True False 15. Punishing business leaders who have broken the law may help restore trust in the freemarket system and leaders in general. True False 4-4 Chapter 04 - Demanding Ethical and Socially Responsible Behavior 16. Making businesspeople more accountable for company actions may help restore trust in the free-market system and leaders in general. True False 17. According to the Legal Briefcase box, "Paying the Price", corporate executives who commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail because these acts are not considered to be criminal convictions. True False 18. People involved in business may be tempted to do something unethical in order to increase sales and profits, but rarely do because if they are caught, our legal system will deal harshly with them. True False [Show More]

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