Terms in this set (50)
Moral Philosophy refers to
the principles or rules that people use to decide what is right and wrong
_are person-specific, whereas _ are based on decisions made by groups or when carrying out tasks to meet business objectives
Moral philosophies; business ethics
According to Kohlberg's model. as a person progresses through the stages of moral development, and with time, education, and experience, he/she
may change his/her values and ethical behavior
_is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.
_ believe that no one thing is intrinsically good
Through time an act can come to be viewed as unethical under which of the following philosophies and perspectives?
The relativist perspective
Which is not considered a white collar crime
The elements of _ important to business transactions have been defined as trust, self-control, empathy, fairness and truthfulness.
_ justice considers the processes and activities that produce the outcome or results
Expert power usually stems from
a superior's credibility with his or her subordinates
What is true about power
Power can be used to motivate individuals ethically or unethically
An organization that delegates decision-making authority as far down the chain of command as possible and has relatively few formal rules is
Not a characteristic of ethical corporate culture
Management conducts itself in a way that is not consistent with the code of conduct
Although both structures can create opportunities for unethical conduct, which organizational structure tends to be more ethical?
The ability to influence the behavior of others by offering them something desirable is best described as
No formal dress codes, working late, participation in extracurricular activities, gestures, and legends represent
informal expressions of an organization's culture
The 2010 passage of the Dodd-Frank Act proposed additional monetary incentives for whistle-blowers. A primary concern about these new incentives is
whistle-blowers might be tempted to report to the SEC with their reports and not report the misconduct to the company's internal compliance program
In order for whistle-blowers to be effective
it required that an individual have adequate knowledge of wrongdoing that could damage society
Management's sense of the organization's culture
may be quite different from employees' perceptions
To motivate employees, an organization offer _ to_ employees to work toward organizational objectives
Over the years, scholars have developed more than 100 definitions of culture. According to the text all have the following common elements:
culture is shared, relatively stable, and is formed over a long period of time
The idea that people learn ethical or unethical behavior while interacting with others who are a part of their role sets is referred to as
The Sarbanes-Oxley Act
has institutionalized whistle-blowing
Fostering ethical decision making within an organization requires improving the firm's ethical standards and
terminating the "bad apples" in the organization
Which of the following statements about codes of conduct is false?
they guarantee an ethical business climate
In the absence of ethics programs, employees are likely to make decisions based on
their observations of how their coworkers and superiors behave
_are formal statements that describe what an organization expects of its employees in terms of ethical behavior
Codes of conduct
For an ethical compliance program to properly function,
consistent enforcement and disciplinary action are essential
The Federal Sentencing Guidelines for Organizations require federal judges to increase fines for organizations that continually
Which of the following legislation has increased the responsibilities on ethics officers and board of directors to monitor financial reporting?
Top managers tend to focus on _ because their jobs and personal identity are often connected to quarterly returns.
Organizational _ can contribute to diminished employee trust and increased employee turnover
Most executives feel that which of the following is the primary reason for much of the unchecked misconduct in business?
Inadequate ethics and compliance programs
Which of the following is a common mistake made in implementing an ethics program?
Developing materials that do no address the needs of the average employee
The individual responsible for implementing disciplinary action for violation of a firm's ethics standards is usually the
To ensure that an ethics program addresses the needs of the average employee, it should include all of the following except
lengthy legal documents
_serve as a central contact point where critical comments, dilemmas, and advise can be assigned to the person most appropriate for handling a specific case
One of the main reasons employees do not report observed misconduct is
fear of retaliation
Because top managers may be more insensitive to ethical issues due to their focus on financial performance, the FSGO guidelines suggest that ethics officers report to the _ instead
board of directors
With regard to ethics, training and communication initiatives should reflect
the unique characteristics of an organization
A(n) _ is a tool that companies can employ to identify and measure their ethical commitment to stakeholders
Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations?
Under the _, CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements
Any attempt to verify outcomes and to compare them with standards can be considered a(n)_activity, although many smaller firms do not use this word.
_are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success
Which of the following is probably the best way for a manager to provide good ethics leadership?
set a good example
Because ethics and social audits are __, there are few standards that a company can apply with regard to reporting frequency, disclosure requirements, and remedial actions that it should take in response to results
What should be the final step in the ethics auditing process
report the findings
Ethics audits can help companies identify potential _so they can implement plans to eliminate or reduce them before they reach crisis dimensions
risks and liabilities
Independent verification of the ethics audit is important because it lends the report
credibility and objectivity
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