Business Ethics: Decision Making for Personal Integrity & Social Responsibility 4th Edition Test ban

 
C. Anyone who audits a firm
 
D. Anyone who affects or is affected by decisions made within a firm
 
In a general sense, a business stakeholder will be anyone who affects or is affected by decisions made within the firm, for better or worse.
 
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
21. Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.
 
A. The Gramm-Rudman-Hollings Performance and Results Act
 
B. The Employee Pay Comparability Act
 
C. The Grayson-Himes Pay for Performance Act
 
D. The Statutory Pay-As-You-Go Act
 
The Grayson-Himes Pay for Performance Act was passed in April 2009, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards." This bill would ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
 
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
22. Which of the following is a power granted to the Treasury secretary of the United States under the Grayson-Himes Pay for Performance Act?
 
A. Specifying which employees are eligible to be paid bonuses
 
B. Reviewing how companies give their bonuses
 
C. Reviewing the constitution of the boards of directors of companies
 
D. Specifying what criteria must be considered when elevating people to upper-management positions
 
Under the Grayson-Himes Pay for Performance Act, Treasury secretary would have the power to define what constitutes reasonable compensation and to review how companies give their bonuses. This bill would ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
 
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
23. Which of the following best describes ethics?
 
A. An academic discipline that originated in the early 1900s
 
B. A descriptive approach that provides an account of how and why people do act the way they do
 
C. The study of how human beings should properly live their lives
 
D. A descriptive approach such as psychology and sociology
 
Ethics refers not only to an academic discipline, but to that arena of human life studied by this academic discipline, namely, how human beings should properly live their lives.
 
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Explain the nature of business ethics as an academic discipline.
Topic: Business Ethics as Ethical Decision Making
 
 
24. Which of the following is an approach advocated while teaching ethics?
 
A. Teachers should teach ethical dogma to a passive audience.
 
B. Teachers should consider acceptance of customary norms as an adequate ethical perspective.
 
C. Teachers should understand that their role is only to tell the right answers to their students.
 
D. Teachers should challenge students to think for themselves.
 
Ethics teachers must challenge students to think for themselves. The teacher's role should not be to preach ethical dogma to a passive audience, but instead to treat students as active learners and to engage them in an active process of thinking, questioning, and deliberating.
 
AACSB: Ethics
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Explain the nature of business ethics as an academic discipline.
Topic: Business Ethics as Ethical Decision Making
 
 
 
 
25. Philosophers often state that ethics is _____, which means that it focuses on people's reasoning about how they should act.