VERSION 1 Question 1 Ethics is a part of decision making Answer at all levels of work and management. primarily at the upper management levels of an organization. mostly for policy makers. that is less important than other decision making processes. only at that lower levels of organizational management. Question 2 The ________ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation. Answer United States Sentencing Commission Defense Industry Initiative on Business Ethics and Conduct World Trade Organization United Nations Global Compact Federal Sentencing Guidelines for Organizations Question 3 Ethical culture is defined as Answer rules, standards, and moral principles regarding what is right or wrong in specific situations. the establishment and enforcement of ethical codes throughout the organization. the development of rules and norms that are socially enforced. the codification of laws to reward organizations for taking action to prevent misconduct. acceptable behavior as defined by the company and industry. Question 4 During the 1990s the institutionalization of business ethics was largely driven by which piece of legislation? Answer Sarbanes-Oxley Act Federal Sentencing Guidelines for Organizations Dodd-Frank Wall Street Reform and Consumer Protection Act Foreign Corrupt Practices Act Global Sullivan Principles Question 5 Which of the following is not something a firm might do to encourage organizational ethics and compliance? Answer Employee ethics training Hiring a compliance officer Ignoring potential ethical issues Writing a code of ethics Conducting an ethics and compliance audit. Question 6 One of the major ethical issues President Obama’s administration focused on was Answer decreasing environmental legislation. deregulation. tax decreases. incentives to oil companies. health care and consumer protection Question 7 According to the role of ethical culture in performance, all of these are drivers of profit except Answer trust. investor loyalty. employee commitment. customer satisfaction. opportunity for misconduct. Question 8 Which represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense? Answer Council on Economic Priorities and Social Accountability 8000. Sarbanes-Oxley Act. Consumer Protection Act. Defense Industry Initiative on Business Ethics and Conduct. Dodd-Frank Wall Street Reform and Consumer Protection Act. Question 9 In ascending order, Carroll's four levels of social responsibility are Answer ethical, legal, economic, philanthropic. economic, ethical philanthropic, legal. economic, legal, ethical, philanthropic. legal, ethical, economic, philanthropic. ethical, legal, moral, economic. Question 10 The term used to express how a firm meets its stakeholder expectati ...