NU MGT400 week 1 Quiz Latest 2015 (Complete Answer)

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130%”>QuestionQuestion
12
out of 2 pointsThe
term business ethics is best described by the following statement:1. It
is the study and philosophy of human conduct with an emphasis on determining
right and wrong.2. It
is an “inquiry into the nature and grounds of morality where the term
morality is taken to mean moral judgments, standards and rules of
conduct.”3. It
is the “study of the general nature of morals and of specific moral
choices; moral philosophy; and the rules or standards governing the conduct of
the members of a profession.”4. It
is an organization’s obligation to maximize its positive effects and minimize
its negative effects on stakeholders.5. It
comprises the principles, values, and standards that guide behavior in the
world of business.Question
22
out of 2 pointsWhich
of the following is not one of the rights spelled out by John F. Kennedy in his
“Consumers’ Bill of Rights”?1. The
right to choose2. The
right to safety3. The
right to be informed4. The
right to be ethical5. The
right to be heardQuestion
32
out of 2 pointsDuring
the 1990s the institutionalization of business ethics was largely driven by
which piece of legislation?1. Sarbanes-Oxley
Act2. Federal
Sentencing Guidelines for Organizations3. Dodd-Frank
Wall Street Reform and Consumer Protection Act4. Foreign
Corrupt Practices Act5. Global
Sullivan PrinciplesQuestion
42
out of 2 pointsThe
1960s saw a rise of consumerism. What is consumerism?1. An
increase in consumer rights by organizations and governments2. The
growth of international retail chain stores3. Activities
undertaken by independent individuals and groups to protect their rights as
consumers.4. The
widespread adoption of consumer oriented marketing strategies among businesses5. Organizations’
tendency to seek ways to take advantage of consumersQuestion
52
out of 2 pointsWhich
of the following industries tends to generate a high level of trust fro
consumers and stakeholders?1. Insurance2. Technology3. Banks4. Mortgage
lenders5. Financial
servicesQuestion
62
out of 2 pointsWhich
of the following is not a benefit that primary stakeholders tend to provide to
organizations?1. Supplies
of capital and resources2. Expertise
and leadership3. Word-of-mouth
promotion4. Infrastructure5. Pro-bono
bookkeepingQuestion
72
out of 2 pointsA
stakeholder group that is absolutely necessary for a firm’s survival is defined
as:1. direct2. tertiary3. secondary4. special-interest5. primaryQuestion
82
out of 2 pointsWhen
unethical acts are discovered in a firm, in most instances1. they
are caused by unwilling participants2. the
cause is due to external stakeholders3. the
perpetrators are caught and prosecuted4. there
was knowing cooperation or complicity from within the company5. the
cause is a corrupt Board of DirectorsQuestion
92
out of 2 pointsWhich
of the following is not a method typically employed by firms when researching
relevant stakeholder groups?1. Surveys2. Focus
groups3. Internet
searches4. Press
reviews5. GuessingQuestion
102
out of 2 pointsA
stakeholder orientation can be viewed as a(n)1. necessity
for business success2. continuum3. polarizing
concept4. good
marketing ploy5. expensive
propositionQuestion
112
out of 2 pointsShareholders
provide resources to an organization that are critical to long term success.
Which of the following does the textbook suggest that suppliers offer?1. The
promise of customer loyalty2. Material
resources and/or intangible knowledge3. Infrastructure4. Revenue5. Leadership
skillsQuestion
122
out of 2 points____________
is an important element of virtue and means being whole, sound, and in
unimpaired condition.Answers:1. Ethical
issue2. Honesty3. Trust4. Integrity5. OptimizationQuestion
130
out of 2 pointsA
court found an oil company guilty of placing profits over th safety and
well-being of its employees. This situation can be classified as:1. ethical2. unethical3. an
ethical issue4. a
dilemma5. a
justice issueQuestion
140
out of 2 pointsA
person uncomfortable with his employer’s unspoken policy of hiring only white
men is experiencing1. a
conflict of interest2. an
ethical issue3. a
feeling of guilt4. cognitive
dissonance5. a
moral attributeQuestion
152
out of 2 pointsIssues
related to fairness and honesty may arise because business is sometimes
regarded as a1. legal
case, where everything must be done to the letter of the law2. contest,
with the most ethical firm “winning.”3. guerrilla
war where anything goes in the fight for consumers’ dollars4. game
governed by its own rules rather than those of society5. game
governed by the rules of societyQuestion
162
out of 2 pointsWar
metaphors are common in business. This kind of mindset can be dangerous for
business leaders because1. it
may lead executives to become violent2. it
may foster the idea that honesty is unnecessary in business3. it
may lead organizations to be excessively aggressive4. business
is not like warfare and the metaphors are not appropriate5. business
is more like a game than a warQuestion
172
out of 2 pointsConflicts
of interest exist when employees must choose whether to1. advance
their own personal interests, those of the organization, or those of some other
group2. advance
the interests of the organization or those of society3. accept
bribes or not4. carry
out an assignment they perceive to be unethical5. report
an unethical coworkerQuestion
182
out of 2 points______________
is the offering of something of value in order to gain an illicit advantageAnswers:1. Shoulder
surfing2. Hacking3. Gift
exchange4. Conflicts
of interest5. BriberyQuestion
192
out of 2 pointsWhich
of the following is not cited as an example of a global collaborative effort to
establish standards of business conduct?1. Council
on Economic Priorities Social Accountability 80002. Ethical
Trading Initiative3. U.S.
Apparel Industry Partnership4. United
States Sentencing Commission5. World
Trade OrganizationQuestion
202
out of 2 points_______________
is essential in building long-term relationships between businesses and consumers.1. Profits2. Dividends3. Trust4. Hubris5. Code
of ethicsQuestion
212
out of 2 pointsThe
Dodd-Frank Wall street Reform and Consumer Protection Act1. was
very popular among Wall Street bankers2. represented
only modest reform3. came
out of theological discussions in the 1920s4. was
designed to make the financial services industry more responsible5. made
it mandatory for public corporations to ire ethics officersQuestion
222
out of 2 pointsIn
the Reagan/Bush eras, the major focus of the business world was on1. self-regulation
rather than regulation by government2. decreasing
the number of mergers3. decreasing
the multinational presence in the U.S. marketplace4. increasing
government influence on the economic arena5. improving
business ethicsQuestion
232
out of 2 pointsThe
six principles of the Defense Industry Initiative on Business Ethics and
Conduct became the foundation for1. Better
business Bureau ethical guidelines2. the
Federal Sentencing Guidelines for Organizations3. the
Ethical Trading Initiative4. the
Federal Trade Commission compliance requirements5. the
Sarbanes-Oxley ActQuestion
242
out of 2 pointsEthical
culture is defined as1. rules,
standards, and moral principles regarding what is right or wrong in specific
situations2. the
establishment and enforcement of ethical codes throughout the organization3. the
development of rule and norms that are socially enforced4. the
codification of laws to reward organizations for taking action to prevent
misconduct5. the
character of the decision-making process that employees use to determine
whether their responses to ethical issues are right or wrong based on values
and normsQuestion
252
out of 2 pointsThe
Federal Sentencing Guidelines for Organizations set the tone for organizational
ethics compliance programs by1. codifying
into law incentives for organizations to take action such as developing ethical
compliance programs to prevent misconduct2. forcing
all organizations to develop mandatory reporting systems3. eliminating
most of the federal legislation that created inefficient and time-consuming
activities for businesses4. providing
a study of moral philosophies5. providing
an examination of company codes of ethics

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