NU MGT400 final exam 2015 QUESTION 1 Which of the following is a possible unintended consequence of an organization's focusing more on ethics planning that on implementation? Unethical conduct is viewed as acceptable behavior. The government implements its own audits. The ethics program is poorly designed Employees become annoyed. The implementation process incurs large costs for the organization. 1 points QUESTION 2 A(n) _________ is a tool that companies can employ to indentify and measure their ethical commitment to stakeholders. Ethical audits Social audits Financial Audits Performance Audits External Audits 2 points QUESTION 3 Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to Cultural differences multinational corporations consumerism legal difference international negotiations 2 points QUESTION 4 In ascending Order, Caroll's four levels of social responsibility are: ethical, legal, economic, philanthropic economic, ethical, philanthropic, legal economic, legal, ethical, philanthropic legal, ethical, economic, philanthropic ethical, legal, moral, economic 2 points QUESTION 5 Which ISO guideline pertains to environmental regulation standards and was designed to help reduce a firm's pollution, waster and carbon footprint? ISO 3000 ISO 2000 ISO 265000 ISO 26000 !SO 14000 2 points QUESTION 6 The term used to express how a firm meets its stakeholder exprectations of its economic, legal, ethical and philanthropic responsibilities is: reputation corporate citizenship corporate ethical audit ethical citizenship fiduciary duties 2 points QUESTION 7 Which economist espoused a kind of Darwinian or "wild west" version of capitalism? Adam Smithy Theodore Levitt Norman Bowie Herman Miller Milton Friedman 2 points QUESTION 8 What type of fraudulent activity could involve a comsumer staging an accident to seek damages? Whacking Duplicity Guile Defamation Collusion 2 points QUESTION 9 Prior to the 2008 financial meltdown, bond ratings agencies were accused of having _____ because they were paid by the organizations that they rated. The organizations would shop around for the agency that gave them the best rating. high ethical standards excessively complicated systems a hostile workplace conflicts of interest a good business model 2 points QUESTION 10 _____ are used to obtain or retain business and are not generally considered illegal in the U.S. Facilitation payments Bribes Gifts Coercive techniques Threats 2 points QUESTION 11 Which of the following is not a step in the ethics auditing process? Secure commitment of top executives and directors. Review organizational mission, goals, values and policies, and define ethical priorities. Report the results to the U.S. Sentencing Commission. Collect and analyze relevant information. verify the result. 2 points QUESTION 12 The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture. compliance integrity financial management corporate culture transparency 2 points QUESTION 13 Which of the following is not a measure of ethical climate? Collective skill Collective ethical sensitivity Collective judgment Collective character Collective moral motivation 2 points QUESTION 14 During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility? Secure commitment of top managers and directors. Establish a committee to oversee the audit. Define the scope of the audit process Review organizational mission, goals, values, and policies. verify the results. 2 points QUESTION 15 A(n) _____ is a financial accounting firm that offers social auditing services or a nonprofit special interest group with auditing experience that verifies the results of ethics auditing data analysis stakeholder ethics audit consultant best practices expert financial consultant board of directors 2 points QUESTION 16 _____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the “invisible hand Consumerism Cultural relativism Social Democracy Laissez - fair Bimmodal wealth distribution 2 points QUESTION 17 ______ assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb. Rational economics Socialism Cultural relativisim National culture Behavioral economics 2 points QUESTION 18 Which of the following is not a criticism of or charge against multinational corporations (MNCs)? They transfer jobs overseas, where wage rates are lower They increase the gap between rich and poor nations They pay excessively high taxes everywhere They exploit the labor markets of host countries They have an unfair advantage when competing with local businesses 2 points QUESTION 19 Which of the following is a measure taken by governments to curtail MNC practices that create ethical issues? Levying import taxes to lower the prices MNCs charge for their products Halting the establishment of minimum wage laws Avoiding the United Nations' monitoring efforts Preventing the formation of labor unions Imposing export taxes to force MNCs to share more of their profits 2 points QUESTION 20 An unconscious reference to one's own cultural values, experiences, and knowledge is referred to as the cultural reference criterion unconscious cultural criterion cultural - self criterion self - reference criterion unconscious cultural - self criterion 3 points