Business and Ethics In Tutorial Library

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TITLE: Business and Ethics

CLASS / COURSE: BA301

QUESTION DESCRIPTION:

 

Utilitarian reasoning primarily considers:

A) the end results of an action.
B) the rights of the unprotected.
C) the distribution of benefits.
D) both A and C, but not B.
 

2.

The Sarbanes-Oxley Act:

A) forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B) does not hold auditing firms liable for their client's inaccurate account reporting.
C) bans an auditing firm from providing the same client with non-auditing services.
D) none of the above.
 

3.

As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:

A) philosophers.
B) chaplains.
C) financial advisors.
D) ombudspersons.
 

4.

Under the Sarbanes-Oxley Act, corporations are required to:

A) have their CEO and CFO sign off on financial statements as accurate and fair.
B) have their audit committee comprised of only executives employed by the firm.
C) collect reimbursements from the U.S. government if financial restatements occur.
D) all of the above.
 

5.

Business managers need a set of ethical guidelines to help them:

A) understand the changing customs throughout the world.
B) justify the resolution which best helps them.
C) identify and analyze the nature of the ethical problem.
D) none of the above.
 

6.

A society where economic power is concentrated in the hands of government officials and political authorities is called:

A) a central state control system.
B) a social democracy.
C) a political control system.
D) a military dictatorship.
 

7.

Unocal Corporation's controversial gas pipeline was built in which country that was notorious for human rights abuses?

A) Algeria
B) Burma
C) China
D) Kazakhstan
 

8.

The three strategies of globalization can be summarized using what three words?

A) Channels, operations and chains.
B) Export, locate and purchase.
C) Sell, make and buy.
D) None of the above.
 

9.

The purpose of the World Trade Organization (WTO) is to:

A) impose barriers to free trade among nations.
B) eliminate barriers to free trade among nations.
C) develop trading partnerships between rich and poor nations.
D) decrease globalization and free trade.
 

10.

Businesses are expected to be ethical in their relationships with:

A) stockholders.
B) customers.
C) competitors.
D) all of the above.
 

11.

Global market channels involve a firm producing goods in:

A) their home country and exporting them to other countries.
B) their home country to sell at home.
C) a foreign country to sell at home.
D) a foreign country to sell abroad.
 

12.

The primary purpose of the International Monetary Fund (IMF) is to:

A) lend foreign currency to member countries.
B) exchange one currency for another.
C) consolidate the debt facing third world nations.
D) collect the principal and interest on loans made by The World Bank to third-world nations.
 

13.

If a manager approaches ethical issues with a self-centered approach, emphasis will be on:

A) integrity.
B) social relationship.
C) economic efficiency.
D) laws.
 

14.

Government has distinctive resources and competencies including:

A) knowledge of public policy.
B) ability to enforce the rules.
C) revenue from taxation.
D) all of the above.
 

15.

If a manger approaches ethics with benevolence in mind, he or she would stress what?

A) Friendly relations with an employee
B) Company rules and procedures
C) Laws and professional codes
D) Economic efficiency
 

16.

The core components upon which a company's ethical performance depends include:

A) the values and virtues of the managers.
B) the personal character of the managers and employees.
C) the traditions, attitudes, and business practices built into a company's culture.
D) all of the above.
 

17.

The International Accounting Standards are essential for:

A) imposing greater oversight by governments.
B) integrating the European Union capital markets.
C) promoting the integrity of global capital markets.
D) all of the above.
 

18.

The leading transnational corporation, with foreign assets totaling $258.9 billion is:

A) General Electric.
B) Vodafone.
C) General Motors.
D) BP.
 

19.

The Organization for Economic Cooperation and Development (OECD)'s Guidelines for Multinational Enterprises is a voluntary global code of conduct that:

A) was developed by 30 advanced industrial nations, mostly in Europe.
B) addresses employment relations issues.
C) supports environmental stewardship and consumer interests.
D) all of the above.
 

20.

Under the World Trade Organization's most-favored nation rule:

A) all import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued.
B) all import restrictions are illegal unless proven scientifically.
C) most-favored nations can impose heavy tariffs on other nations.
D) most-favored nations can oppose the dumping of goods by any nation in their home market.
 

21.

Which is an example of a social and political reform that has led to the acceleration of globalization?

A) Economic sanctions against North Korea.
B) Efforts to deter drug trafficking from Columbia.
C) The fall of the Soviet Union.
D) The European Union's penalties against Microsoft for unfair competition.
 

22.

Which is an example of a social and political reform that has led to the acceleration of globalization?

A) Economic sanctions against North Korea.
B) Efforts to deter drug trafficking from Columbia.
C) The fall of the Soviet Union.
D) The European Union's penalties against Microsoft for unfair competition.
 

23.

Which of the following was not a moral value acknowledged by Aristotle?

A) Temperance
B) Charity
C) Justice
D) Prudence
 

24.

Which of the following is not an example of an ethical yardstick?

A) Egoism
B) Concern for others
C) Principle
D) Corporate driven
 

25.

Which transportation system improvement has aided the acceleration of globalization?

A) Airfreight
B) High-speed rail
C) New oceangoing vessels
D) All of the above
 

 

 

 

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