Chapter 1—the Importance of Business Ethics Test Banks Essay

2309 Words Oct 4th, 2012 10 Pages
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Chapter 1—The Importance of Business Ethics

MULTIPLE CHOICE

1. Principles are a. | laws and regulations that guide behavior in the world of business. | b. | mores, values, and customs that guide behavior in general. | c. | specific and pervasive boundaries for behavior that are universal and absolute. | d. | the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders. | e. | the mores, values, and customs that parents teach their children. |

ANS: C PTS: 1 REF: p. 7

2. Social responsibility is a. | an organization's obligation to maximize its positive effects and minimize its negative effects on
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12

9. Ethics is a part of decision making a. | at all levels of work and management. | b. | primarily at the upper management levels of an organization. | c. | mostly for policy makers. | d. | that is less important than other decision making processes. | e. | only at that lower levels of organizational management. |

ANS: A PTS: 1 REF: p. 5

10. Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices? a. | Federal Sentencing Guidelines for Organizations | b. | Defense Industry Initiative on Business Ethics and Conduct | c. | Corporate codes of conduct | d. | United States Sentencing Commission | e. | MERCOSUR |

ANS: B PTS: 1 REF: p. 13

11. The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation. a. | United States Sentencing Commission | b. | Defense Industry Initiative on Business Ethics and Conduct | c. | World Trade Organization | d. | United Nations Global Compact | e. | Federal Sentencing Guidelines for Organizations |

ANS: E PTS: 1 REF: p. 14

12. The study of business ethics is important to better understand all of the following except a. | that a person's own moral philosophies and decision-making experience may not be sufficient to guide him or her in the business world. | b. | how and why people make

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