Business Ethics Question Preview (ID: 53824)
Ethics In The Business World.
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Bribery occurs when gifts, money, or favors are offered
a) instead of payment of taxes.
b) to encourage business deals.
c) in lieu of wages.
d) as bonuses to managers.
A conflict of interest is a conflict between self-interest and
a) professional obligation.
b) unfair practices.
c) a personal obligation.
d) another person’s self-interest.
The following are examples of conflicts of interest except
a) an elected official awarding a contract to his business partner.
b) a judge hearing a case defended by his former law-firm partner.
c) a principal hiring her husband to teach at her school.
d) a business hiring an accounting firm to oversee record-keeping.
Most businesses are committed to
a) providing safe products.
b) treating employees fairly.
c) being truthful about their financial situation.
d) all of the above
Some firms limit the damage they do to the environment by
a) using recycled or recyclable paper.
b) installing filtration systems to reduce air pollutants.
c) using renewable energy sources.
d) any of the above
The legislation that mandates truthful financial reporting and makes the CEO more accountable for the actions of the financial managers of a firm is the
a) Sarbanes-Oxley Act.
b) Taft-Wheeley Act.
c) Kennedy-DeLay Act.
d) Feinstein-Frist Act.
An example of an ethical business practice would be
a) false advertising.
b) keeping accurate financial records.
c) requiring employees to work on holidays.
d) not paying overtime to workers.
Which statement is most true?
a) Whatever it takes to win is a good business practice.
b) All businesses have the same ethical standards.
c) Different businesses and industries have different ethical standards.
d) Bribery is considered an ethical practice in some U.S. companies but not in others.
OSHA stands for
a) Occupational Safety and Health Agency.
b) Occupational Safety Agency.
c) Occupational Safety and Health Administration.
d) Occupational Site and Health Administration.
The Triangle Shirtwaist Factory fire resulted in
a) better product design.
b) longer working hours.
c) increased immigrant labor.
d) improved working conditions.
Unethical treatment of employees includes all of the following except
a) rewarding good employees with salary incentives.
b) treating employees unfairly.
c) inadequately compensating employees.
d) establishing no maternity leave policy.
The best example of a sustainable development would be
a) developing a new way to burn coal.
b) using recycled materials to build housing.
c) manufacturing a new type of SUV.
d) drilling for oil in the ocean.
The federal agency that enforces the laws that protect consumers from dangerous or falsely advertised products is known by the acronym
a) OSHA.
b) FDA.
c) CPSC.
d) FTC.
Which statement is most true?
a) Men and women receive equal pay for equal work.
b) Some men and women receive equal pay for equal work, but most do not.
c) Men deserve higher pay than women.
d) Women deserve more pay than men.
Keeping inaccurate accounting records is
a) unethical and legal.
b) unethical and illegal.
c) a good business practice.
d) deceptive but not illegal.
Which is NOT an ethical question
a) Is it against the law?
b) Discover alternative actions?
c) Am I sacrificing long-term benefits for short-term gains?
d) Even if everyone is doing it, how would I feel if someone did this to me?
A conflict between self-interest and professional obligation is known as
a) conflict of interest
b) Ethical question
c) Occupational Safety and Health Administration
d) sweatshop
The duty to do what is best for the good of society is called
a) social action
b) responsibility
c) vision quest
d) none of these
A shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions is called
a) sweatshirt
b) Nike
c) Walmart
d) Sweatshop
A set of guidelines for maintaining ethics in the workplace is called
a) morse code
b) code of the tribe
c) code of ethics
d) none of these
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