Question 1

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

Accepted Answer

A)  Environmental Protection Agency
B)  World Bank
C)  Consumer Financial Protection Bureau
D)  World Trade Organization
E)  Sarbanes-Oxley ActF) B) and C)
G) A) and C)

Question 2

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

Accepted Answer

A)  conflicts of interest.
B)  cronyism.
C)  reporting transparency.
D)  corporate espionage.
E)  dual reporting.F) B) and D)
G) C) and E)

Question 3

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Accepted Answer

A)  CEO
B)  ethics officer
C)  social entrepreneur
D)  cause-related marketer
E)  Consumer Financial Protection BureauF) A) and B)
G) A) and E)

Question 4

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

Accepted Answer

Companies have reported their compliance...

Question 5

Which of the following acts can be classified as procompetitive legislation?

Accepted Answer

A)  Equal Pay Act of 1963
B)  Civil Rights Act of 1964
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
D)  Sherman Antitrust Act of 1890
E)  Occupational Safety and Health Act of 1970F) A) and C)
G) All of the above

Question 6

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.​

Accepted Answer

A)  ​Consumer Financial Protection Bureau
B)  ​Federal Trade Commission
C)  ​Better Business Bureau
D)  ​Open Compliance Ethics Group
E)  ​Occupational Safety and Health AdministrationF) A) and B)
G) B) and D)

Question 7

Some, especially those in business, complain that the Sarbanes-Oxley Act and similar legislation

Accepted Answer

A)  is excessively complex and financially burdensome.
B)  is not necessary.
C)  is fair to all firms.
D)  has reduced restatements of financial reports.
E)  is too simplistic.F) A) and B)
G) A) and E)

Question 8

_____ law defines the rights and duties of individuals and organizations (including businesses) .

Accepted Answer

A)  Civil
B)  Criminal
C)  Competitive
D)  Administrative
E)  RegulatoryF) A) and D)
G) C) and D)

Question 9

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

Accepted Answer

A)  values.
B)  norms.
C)  artifacts.
D)  behavior.
E)  employee compensationF) B) and C)
G) C) and D)

Question 10

Companies that _____ will most likely be found in violation of procompetitive legislation.

Accepted Answer

A)  pollute waterways
B)  knowingly harm consumers
C)  contract with sweatshops
D)  establish monopolies
E)  help consumersF) B) and E)
G) D) and E)

Question 11

A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to

Accepted Answer

A)  guard against anticompetitive behaviors.
B)  create synergy among businesses to improve the economy.
C)  encourage employees to report misconduct.
D)  discourage businesses from taking risks.
E)  mandate that companies engage in self-regulation.F) A) and E)
G) All of the above

Question 12

Which of the following is one of the seven steps that the U.S. Sentencing Commission requires for an effective compliance program?

Accepted Answer

A)  Engage in cause-related marketing
B)  Provide oversight by high-ranking personnel
C)  Develop a system of voluntary practices
D)  Submit to periodic privacy audits
E)  Comply with ISO 14000 guidelinesF) B) and C)
G) All of the above

Question 13

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Accepted Answer

A)  Equal Pay Act
B)  Americans with Disabilities Act
C)  Dodd-Frank Wall Street Reform and Consumer Protection Act
D)  Age Discrimination in Employment Act
E)  Title VII of the Civil Rights ActF) B) and C)
G) C) and D)

Exam 4: The Institutionalization of Business Ethics

_____ law defines the rights and duties of individuals and organizations (including businesses) .

Correct Answer
verified

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

Correct Answer
verified

Which of the following acts can be classified as procompetitive legislation?

Correct Answer
verified

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

Correct Answer
verified

A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to

Correct Answer
verified

Some, especially those in business, complain that the Sarbanes-Oxley Act and similar legislation

Correct Answer
verified

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Correct Answer
verified

Companies that _____ will most likely be found in violation of procompetitive legislation.

Correct Answer
verified

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

Correct Answer
verified
Companies have reported their compliance...
View Answer

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Correct Answer
verified

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

Correct Answer
verified

Which of the following is one of the seven steps that the U.S. Sentencing Commission requires for an effective compliance program?

Correct Answer
verified

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.

Correct Answer
verified

Exam 4: The Institutionalization of Business Ethics

_____ law defines the rights and duties of individuals and organizations (including businesses) .

Correct AnswerverifiedShow Answer

The _____ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

Correct AnswerverifiedShow Answer

Which of the following acts can be classified as procompetitive legislation?

Correct AnswerverifiedShow Answer

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permission, the Sarbanes-Oxley Act is attempting to eliminate

Correct AnswerverifiedShow Answer

A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to

Correct AnswerverifiedShow Answer

Some, especially those in business, complain that the Sarbanes-Oxley Act and similar legislation

Correct AnswerverifiedShow Answer

The ________________ desires to find a solution to a social problem rather than to simply earn profits.

Correct AnswerverifiedShow Answer

Companies that _____ will most likely be found in violation of procompetitive legislation.

Correct AnswerverifiedShow Answer

Why do you think the costs of compliance with Sarbanes Oxley go down over time?

Correct AnswerverifiedCompanies have reported their compliance...View AnswerShow Answer

The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

Correct AnswerverifiedShow Answer

An ethical organizational culture creates an environment in which to structure behavior that is then evaluated by stakeholders. The key elements of an organizational culture include all of the following except

Correct AnswerverifiedShow Answer

Which of the following is one of the seven steps that the U.S. Sentencing Commission requires for an effective compliance program?

Correct AnswerverifiedShow Answer

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.​

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Companies have reported their compliance...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.

Correct Answer
verified