Business Ethics: Ethical Decision Making and Cases 13th Edition by O. C. Ferrell Test bank
1. Corporate social responsibility is defined as which of the following?
a. An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
b. Principles, values, and norms that primarily guide individual and group behavior in the world of business
c. The institutionalization of business ethics into all levels of business decision making
d. A business’s responsibility to manufacture products that function properly
e. Charitable contributions made by a business to enhance its reputation with stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:08 AM
DATE MODIFIED: 8/3/2021 10:21 AM
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore confidence in financial reporting and business ethics?
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:22 AM
DATE MODIFIED: 8/3/2021 10:30 AM
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
a. The right to consumerism
b. The right to safety
c. The right to be protected
d. The right to be ethical
e. The right to be heard
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:32 AM
DATE MODIFIED: 8/3/2021 10:34 AM
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:22 AM
DATE MODIFIED: 8/3/2021 11:24 AM
5. Environmental Social Governance (ESG) refers to which of the following?
a. A framework for evaluation of firm performance in the areas of environmental, social, and
governance
b. The most far-reaching change in organizational control and accounting regulations since the Securities and Exchange Act of 1934
a. An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
b. Principles, values, and norms that primarily guide individual and group behavior in the world of business
c. The institutionalization of business ethics into all levels of business decision making
d. A business’s responsibility to manufacture products that function properly
e. Charitable contributions made by a business to enhance its reputation with stakeholders
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:08 AM
DATE MODIFIED: 8/3/2021 10:21 AM
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore confidence in financial reporting and business ethics?
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:22 AM
DATE MODIFIED: 8/3/2021 10:30 AM
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
a. The right to consumerism
b. The right to safety
c. The right to be protected
d. The right to be ethical
e. The right to be heard
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 10:32 AM
DATE MODIFIED: 8/3/2021 10:34 AM
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
a. Sarbanes-Oxley Act
b. Federal Sentencing Guidelines for Organizations
c. Dodd-Frank Wall Street Reform and Consumer Protection Act
d. Foreign Corrupt Practices Act
e. UN Global Compact
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of business ethics
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
STATE STANDARDS: United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
DATE CREATED: 8/3/2021 11:22 AM
DATE MODIFIED: 8/3/2021 11:24 AM
5. Environmental Social Governance (ESG) refers to which of the following?
a. A framework for evaluation of firm performance in the areas of environmental, social, and
governance
b. The most far-reaching change in organizational control and accounting regulations since the Securities and Exchange Act of 1934