MODULE 2 EXAM _ MAN3065-2237-9847 _ Business Ethics

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Miami Dade College, Miami *

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3065

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Business

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Jan 9, 2024

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11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 1/25 MODULE 2 EXAM Due Nov 13 at 11:59pm Points 40 Questions 40 Available Oct 23 at 12am - Nov 13 at 11:59pm Time Limit 60 Minutes Instructions Attempt History Attempt Time Score LATEST Attempt 1 33 minutes 34 out of 40 Score for this quiz: 34 out of 40 Submitted Nov 12 at 9:07pm This attempt took 33 minutes. Chapters 4 & 5. Graded. 40 Multiple choice Questions 60 Minutes One (1) attempt. ►Need help with Canvas? Read about Quizzes in the Canvas Student Guide (https://community.canvaslms.com/t5/Student- Guide/tkb-p/student#Quizzes) . (https://help.blackboard.com/Learn/Student/Tests_and_Surveys) 11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 2/25 1 / 1 pts Question 1 Which of the following is an independent agency within the Federal Reserve System that “regulate[s] the offering and provision of consumer financial products or services under the Federal consumer financial laws”? Consumer Financial Protection Bureau Correct! Correct! Federal Reserve World Trade Organization Department of Justice Federal Trade Commission 1 / 1 pts Question 2 A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes–Oxley Act, and the Dodd–Frank Act is to _______. guard against anticompetitive behaviors create synergy among businesses to improve the economy encourage ethical conduct Correct! Correct!
11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 3/25 discourage businesses from taking risks mandate that companies engage in self-regulation 1 / 1 pts Question 3 Donation of computer equipment to schools by Toshiba would be associated with which type of responsibility? Economic Voluntary Correct! Correct! Legal Ethical Minimum 1 / 1 pts Question 4 Which of the following is a provision of the Dodd–Frank Wall Street Reform and Consumer Protection Act? Decreased accountability and transparency of financial institutions 11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 4/25 Creation of a bureau to educate consumers in financial literacy Correct! Correct! Creation of an organization to pay the bills of low-income consumers Punishment for whistle-blowers who come forward Decreased oversight of the financial industry 0 / 1 pts Question 5 An ethical organizational culture creates an environment to structure behavior that is then evaluated by stakeholders. A key element of an organizational culture that refers to the visible, tangible external symbols of values and norms is known as an organization’s _______. values norms artifacts Correct Answer Correct Answer behavior employee compensation You Answered You Answered
11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 5/25 1 / 1 pts Question 6 Which action will most likely be found in violation of procompetitive legislation? Pollution of waterways Knowingly harming consumers Contracting with sweatshops Establishment of monopolies Correct! Correct! Discriminating against consumers 1 / 1 pts Question 7 Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle , was the first consumer protection legislation? Civil Rights Act of 1964 Sherman Antitrust Act of 1890 Magnuson-Moss Warranty Act of 1974 Consumer Product Safety Act of 1972 11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 6/25 Pure Food and Drug Act of 1906 Correct! Correct! 1 / 1 pts Question 8 Which of the following acts exempted the insurance industry from antitrust legislation? Equal Pay Act of 1963 Civil Rights Act of 1964 McCarran-Ferguson Act of 1944 Correct! Correct! Sherman Antitrust Act of 1890 Occupational Safety and Health Act of 1970 1 / 1 pts Question 9 Which law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law? Civil Criminal Correct! Correct!
11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 7/25 Competitive Administrative Regulatory 1 / 1 pts Question 10 Title VII of the Civil Rights Act of 1964 _______. prohibits discrimination on the basis of race, color, sex, religion, or national origin Correct! Correct! penalizes the top executives in an organization for misconduct is basically the same as the Sarbanes–Oxley Act discourages whistle-blowers from reporting misconduct prohibits pay discrimination on the basis of gender 1 / 1 pts Question 11 The synergistic and mutually beneficial use of an organization’s core competencies and resources to deal with key stakeholders so as to bring about organizational and societal benefits is known as _______. 11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 8/25 social responsibility business ethics corporate philanthropy strategic philanthropy Correct! Correct! cause-related marketing 0 / 1 pts Question 12 Which of the following is a provision of the Sarbanes–Oxley Act? Lessens penalties for corporate fraud Developed the Consumer Financial Protection Bureau Recommends codes of ethics for financial reporting in corporations Makes fraudulent financial reporting a civil offense You Answered You Answered Requires greater transparency in financial reporting Correct Answer Correct Answer
11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 9/25 0 / 1 pts Question 13 Developing structurally sound organizational practices and integrity for financial and nonfinancial performance measures, rather than concentrating on an individual’s morals, is the focus of which of the following? The Dodd–Frank Wall Street Reform and Consumer Protection Act Compliance Organizational ethics You Answered You Answered Core practices Correct Answer Correct Answer The Sarbanes Oxley Act 1 / 1 pts Question 14 The rights and duties of individuals and organizations (including businesses) are defined by _______ law. civil Correct! Correct! criminal competitive 11/12/23, 9:11 PM MODULE 2 EXAM : MAN3065-2237-9847 | Business Ethics https://mdc.instructure.com/courses/46384/quizzes/547003 10/25 administrative regulatory 1 / 1 pts Question 15 The Dodd–Frank Act established which of the following as an independent agency within the Federal Reserve System? Environmental Protection Agency World Bank Consumer Financial Protection Bureau Correct! Correct! World Trade Organization Sarbanes–Oxley Act 0 / 1 pts Question 16 Which of the following has contributed to the progression of the institutionalization of business ethics in recent decades? Institutionalization of ethics is now mandated for all organizations by governments around the world. You Answered You Answered
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