gatekeepers. c. They serve as intermediaries between market participants. d. They are not responsible for ensuring conformance to fairness in the marketplace. Answer: c 17. Which of the following rely on gatekeepers for fair and effective functioning of economic markets? a. Bankers b. Auditors c. Accountants d. Financial analysts Answer: a 18. The function of auditors as gatekeepers is to: a. verify a company’s financial statements so that investors’ decisions are free from fraud and deception
reasoning is that: Answer Selected Answer: The majority may override the rights of those in the minority. Correct Answer: It is difficulty to accurately measure both costs and benefits. Question 2 5 out of 5 points Business executives are finding that a trusting, ethical relationship with a business partner is: Answer Selected Answer: Often essential in conducting business. Correct Answer: Often essential in conducting business. Question 3 5 out of 5 points
Answer for question no.1, The 2006 Cote d’Ivoire toxic waste dump by the Netherlands Company brought health crisis made a difficult situations or complex of health system that affects as a result of 17 Ivoirians dead over 30,000 injured and nearly 100,000 became under medical care. This was the result of the deny of Trafigura not transported toxic waste and the Ivorian government did not want to prosecute the company. The unethical decision also made that where the company to clean up the waste
Stakeholder Approach to Social Responsibility. Mastery Score: 15/18 Questions 0% 1 2 100% 3 4 5 67% 6 7 8 Company Mission 100% 9 10 11 Company Goals and Objectives 100% 12 13 Three Levels of Strategy â Corporate, Business-Level, Functional 100% 14 15 Strategic Management Process 100% 17 18 Sarbanes-Oxley Act of 2002 Management Ethics 16 Concept: The Stakeholder Approach to Social Responsibility.
Keywords Ethics The English word ETHICS is derived from Greek word “ethos”, ethos means ‘character’. Generally speaking ETHICS are morals, though ethics is broader than morals. They are beliefs, standards for a community or of an individual of a community. ETHICS is a part of philosophy which specify what is good or bad, right or wrong, fair or unfair, justified or not. How we understand or know about something, what we mean, what is correct is all systemized by ETHICS. The study of ETHICS is divided
through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam. ETHICAL ISSUES IN BUSINESS: Chapters 1-4 For each of the chapters do the following: Look up the answers to the questions asked below. Answer the end of chapter question (there are only a few) and check your answers.
Question 1: * Proficient-level: * There are several important functions performed in an organization, among which accounting is one of them. Define the accounting function and discuss how it differs from double-entry bookkeeping. Answer: According to the Dictionary of Accounting Terms, Accounting is defined as a one step process of recording, measuring, interpreting and communicating financial data by preparing financial statements in order to reflect financial condition and operating
LAW & ETHICS IN THE BUSINESS ENVIRONMENT 6e Test Bank Revisions for the 7th edition by Eric D. Yordy, The W. A. Franke College of Business at Northern Arizona University CHAPTER 1 Law, Ethics, Business: An Introduction Questions 1. Select the best definition of ethics: a. a fairly clear cut set of guides for decision making. b. a set of relatively unclear principles regarding what we must do. c. a set of relatively unclear principles regarding what we should do. d. religious views
The Evolution of Business Ethics Tim Bowles OMM-640 Business Ethics and Social Responsibility Dr. Andree Swanson May 17, 2015 Abstract Just as individuals differ, so do their ethical concepts and value arrangements. Personal guidelines or policies for everyday ethical conduct. Like all policies, a code of ethics must be capable of being enforced. Just as if people, corporations and businesses too, have their ethical concepts, systematic science, and a business philosophy they must follow
Ethics in Aristotle’s Philosophy Ruth Geter AC 504 Ethical Issues in Business and Accounting Unit 2 Assignment July 19, 2016 Aristotle Philosophy Introduction I have chosen Aristotle as my philosopher. “He was the first to argue that equals should be treated equally, and unequal’s should be treated unequally in proportion to their relevant differences” (Brooks and Dunn, 2014). In today’s society people sometimes lose sight of being ethical and often know what is right but chooses to not