Test Bank all Chapters

Business Ethics Ethical Decision Making and Cases, 13e Ferrell, John Fraedrich, Linda Ferrell (Test Bank all Chapters)

• / 4

Chapter 01: The Importance of Business Ethics

Copyright Cengage Learning. Powered by Cognero. Page 1

• Corporate social responsibility is defined as which of the following?
• An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
• Principles, values, and norms that primarily guide individual and group behavior in the world of business
• The institutionalization of business ethics into all levels of business decision making
• A business’s responsibility to manufacture products that function properly
• Charitable contributions made by a business to enhance its reputation with stakeholders

ANSWER: a

POINTS: 1

DIFFICULTY: Easy

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 10:08 AM

DATE MODIFIED: 8/3/2021 10:21 AM

• After the accounting scandals of the early 2000s, which of the following was/were enacted to restore confidence in

financial reporting and business ethics?

• Defense Industry Initiative on Business Ethics and Conduct
• Sarbanes-Oxley Act
• Federal Sentencing Guidelines for Organizations
• Foreign Corrupt Practices Act
• Dodd-Frank Wall Street Reform and Consumer Protection Act

ANSWER: b

POINTS: 1

DIFFICULTY: Moderate

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 10:22 AM

DATE MODIFIED: 8/3/2021 10:30 AM

• Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
• The right to consumerism
• The right to safety
• The right to be protected
• The right to be ethical 2 / 4

Copyright Cengage Learning. Powered by Cognero. Page 2

• The right to be heard

ANSWER: b

POINTS: 1

DIFFICULTY: Easy

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 10:32 AM

DATE MODIFIED: 8/3/2021 10:34 AM

• During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
• Sarbanes-Oxley Act
• Federal Sentencing Guidelines for Organizations
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Foreign Corrupt Practices Act
• UN Global Compact

ANSWER: b

POINTS: 1

DIFFICULTY: Easy

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 11:22 AM

DATE MODIFIED: 8/3/2021 11:24 AM

• Environmental Social Governance (ESG) refers to which of the following?
• A framework for evaluation of firm performance in the areas of environmental, social, and

governance

• The most far-reaching change in organizational control and accounting regulations since the Securities and

Exchange Act of 1934

• Guidelines that codified into law incentives to reward organizations for taking action to prevent misconduct
• An organization developed to guide corporate support for ethical conduct
• An organization’s obligation to maximize its positive impact and minimize its negative impact on stakeholders

ANSWER: a

POINTS: 1

DIFFICULTY: Easy

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice 3 / 4

Copyright Cengage Learning. Powered by Cognero. Page 3

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 11:24 AM

DATE MODIFIED: 8/3/2021 11:25 AM

• The 1960s saw a rise of consumerism. What is consumerism?
• An increase in consumer rights by individuals, organizations, and governments
• The growth of international retail chain stores that served global consumers
• Activities undertaken by independent individuals, groups, and organizations to protect their rights as

consumers

• The widespread adoption of consumer-oriented marketing strategies among businesses
• The tendency of organizations to view consumers as their most important stakeholder

ANSWER: c

POINTS: 1

DIFFICULTY: Easy

REFERENCES: 1-3 The Development of Business Ethics

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 11:26 AM

DATE MODIFIED: 8/3/2021 11:27 AM

• Ethically charged decisions _______.
• are made at all levels of work and management
• are made primarily by top management
• stem from individual moral philosophies
• are less important than other decision-making processes
• are an isolated personal issue

ANSWER: a

POINTS: 1

DIFFICULTY: Easy

REFERENCES: Introduction

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: BE.FERR.13.ChO.01.01 - Explore conceptualizations of business ethics from an organizational perspective NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities

DATE CREATED: 8/3/2021 11:27 AM

DATE MODIFIED: 8/3/2021 11:29 AM

• / 4