online exam

Part 1 of 1 – 95.0/
100.0 Points

Question 1 of 20
5.0/ 5.0 Points
Which of the following is NOT an example of a white-collar
crime?
A. Embezzlement
B. Check fraud
C. Theft
D. Money laundering

Question 2 of 20
5.0/ 5.0 Points
Business executives are finding that a trusting, ethical
relationship with a business partner is:
A. best left to
not-for-profit companies.
B. too costly to
maintain.
C. likely to cause
legal problems.
D. often essential
in conducting business.

Question 3 of 20
5.0/ 5.0 Points
Why should business be ethical?
A. Most people want
to act in ways that are consistent with their own sense of right and wrong.
B. Ethical behavior
protects business firms from abuse by unethical employees and competitors.
C. Society’s
stakeholders expect it from businesses.
D. All of the above.

Question 4 of 20
5.0/ 5.0 Points
A bottom-line mentality in business is reflected in which
statement?
A. “I want it.”
B. “We have to beat
the others at all costs.”
C. “Help yourself
and those closest to you.”
D. “Foreigners have
a funny notion of what’s right and wrong.”

Question 5 of 20
5.0/ 5.0 Points
A giant step is taken toward improving ethical performance
throughout the company when:
A. the firm hires a
university ethics professor to lecture employees on moral philosophy.
B. the Justice
Department launches an investigation of the firm’s pricing practices.
C. senior-level
managers signal to employees that they believe ethics is a high priority.
D. a consumer hot
line is created and staffed 24 hours a day.

Question 6 of 20
5.0/ 5.0 Points
Under the Sarbanes-Oxley Act, corporations are required to:
A. have executives
vouch for the accuracy of a firm’s financial reports.
B. have their audit
committee comprised of only executives employed by the firm.
C. collect
reimbursements from the U.S. government if financial restatements occur.
D. All of the above

Question 7 of 20
0.0/ 5.0 Points
At the core of rights reasoning is the belief that:
A. the company’s
right to a profit must be protected.
B. respecting others
is the essence of human rights.
C. the right to join
a union is no longer universally accepted.
D. economic and
political powers determine who is right.

Question 8 of 20
5.0/ 5.0 Points
In a 2010 study of 400 companies, what percentage of firms
said the benefits of the Sarbanes-Oxley Act outweighed its costs?
A. 12%
B. 33%
C. 55%
D. 70%

Question 9 of 20
5.0/ 5.0 Points
People’s ethical beliefs come from:
A. legislative
action and judicial decisions.
B. reading the
company’s profit and loss statements.
C. their religious
background, family, and education.
D. the
organization’s code of ethics.

Question 10 of 20
5.0/ 5.0 Points
Cross-cultural contradictions arise due to:
A. the emergence of
a developing country’s economic power.
B. religious
differences practiced by business executives.
C. differences
between home and host countries’ ethical standards.
D. All of the above

Question 11 of 20
5.0/ 5.0 Points
Aristotle argued:
A. self-control is
the most virtuous of values.
B. faith is a road
to charity and modesty.
C. moral virtue is a
mean between two virtues.
D. high-mindedness
delivers human integrity.

Question 12 of 20
5.0/ 5.0 Points
Businesses are expected to be ethical in their relationships
with:
A. stockholders.
B. customers.
C. competitors.
D. All of the above

Question 13 of 20
5.0/ 5.0 Points
Under the U.S. Corporate Sentencing Guidelines, if a firm
has developed a strong ethics program, corporate executives found guilty of
criminal activity may have their sentence:
A. increased.
B. reduced.
C. unaffected.
D. decided by the
company.

Question 14 of 20
5.0/ 5.0 Points
When a bank employee makes trades using the firm’s money
without its authorization, the practice is called:
A. rogue accounting.

B. rogue trading.
C. Ponzi scheme.
D. imbalanced
banking.

Question 15 of 20
5.0/ 5.0 Points
The unspoken understanding among employees of what is and is
not acceptable behavior is called:
A. ethical climate.
B. efficiency.
C. success.
D. rites and
rituals.

Question 16 of 20
5.0/ 5.0 Points
All of the following values are present in most ethical
decisions EXCEPT:
A. be fair and just.

B. be respectful.
C. act responsibly.
D. be honest.

Question 17 of 20
5.0/ 5.0 Points
A just or fair ethical decision occurs when:
A. the rights of all
effected are considered.
B. the greatest good
for those with power is achieved.
C. benefits and
burdens are distributed equally.
D. the outcome
benefits the decision maker.

Question 18 of 20
5.0/ 5.0 Points
When the benefits of an action outweigh its costs, the
action is considered ethically preferred according to:
A. utilitarian
reasoning.
B. virtue ethics.
C. theological
reasoning.
D. Plato and
Aristotle.

Question 19 of 20
5.0/ 5.0 Points
The main drawback to utilitarian reasoning is that:
A. the majority may
override the rights of those in the minority.
B. managers using
this reasoning process often fail to consider the means taken to reach the end.

C. it is difficult
to accurately measure both costs and benefits.
D. cost-benefit
calculations can only be provided by accountants.

Question 20 of 20
5.0/ 5.0 Points
By law, the financial records of publicly held companies are
required to be:
A. managed by an
accounting department of at least 5 CPAs.
B. summarized in the
employee manual for new hires.
C. reviewed
quarterly by the IRS.
D. audited by a
certified professional accounting firm.