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Q:
(p. 138) Even as the world has become freer politically and economically, inequality has grown.
Q:
(p. 127) Which transportation system improvement has aided the acceleration of globalization?
A. Airfreight.
B. High-speed rail.
C. New oceangoing vessels.
D. All of the above.
Q:
(p. 135) At the beginning of the 20th century, no country in the world had universal suffrage.
Q:
(p. 127) Technological innovation has aided the spread of globalization by:
A. Building advanced technologies that can be sold in the global marketplace.
B. Building advanced technologies that can be bought in the global marketplace.
C. Leveling the playing field and allowing all to participate on an equal footing in global commerce.
D. All of the above.
Q:
(p. 135) Most nations in the world share similar political, social and economic beliefs.
Q:
(p. 127) The acceleration of globalization has been driven by:
A. Technological innovation.
B. Transportation systems.
C. Social and political reforms.
D. All of the above.
Q:
(p. 134) Critics of globalization support the spread of American ideals and culture throughout the rest of the world.
Q:
(p. 127) In 2006, the leading nonfinancial transnational corporation, with foreign assets totaling $443 million was:
A. General Electric.
B. Vodafone.
C. General Motors.
D. BP.
Q:
(p. 133) Only manufacturing jobs are being lost through globalization.
Q:
(p. 126) According to the United Nations, how many transnational corporations operate in the global economy?
A. 49,000.
B. 79,000.
C. 290,000.
D. 900,000.
Q:
(p. 131) Productivity rises more quickly when countries produce goods and services for which they have a natural talent.
Q:
(p. 126) The three strategies of globalization can be summarized using what three words?
A. Channels, operations, and chains.
B. Export, locate, and purchase.
C. Sell, make, and buy.
D. Ethics, import, and sell.
Q:
(p. 131) Globalization is accepted worldwide and creates little controversy.
Q:
(p. 126) A firm that would like to develop a global supply chain would:
A. Manufacture components or supplies in other countries.
B. Sell raw materials, components or supplies produced at home abroad.
C. Purchase raw materials, components, or supplies from sellers in other countries.
D. Check products that were manufactured abroad for defects in their home country.
Q:
(p. 130) Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason.
Q:
(p. 130) The World Trade Organization conducts negotiations, called "cycles," on various topics, rotating its meetings among different cities.
Q:
(p. 126) A firm that has global operations has:
A. All of their manufacturing and service operations abroad.
B. Some or all of their manufacturing or service operations abroad.
C. Manufacturing but not service operations abroad.
D. Service but not manufacturing operations abroad.
Q:
(p. 126) Global market channels involve a firm producing goods in:
A. Their home country and exporting them to other countries.
B. Their home country to sell at home.
C. A foreign country to sell at home.
D. A foreign country to sell abroad.
Q:
(p. 129) The World Trade Organization is based in the United States.
Q:
(p. 128) The World Bank makes currency exchange easier for member countries so that they can participate in global trade.
Q:
(p. 139) The term sector refers to broad divisions of a whole.
Q:
(p. 127) Global commerce has taken place for hundreds of years, dating back to the 15th century.
Q:
(p. 109) Which of the following is not a typical use of an ethics reporting mechanism?
A. To provide interpretations of proper ethical behavior involving conflicts of interest and the appropriateness of gift giving.
B. To give employees an opportunity to discuss the appropriate rating on their annual performance reviews without management's influence.
C. To create an avenue to make known to the proper authorities allegations of unethical conduct.
D. To give employees and other corporate stakeholders a way to discover general information about a wide range of work-related topics.
Q:
(p. 126) Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms.
Q:
(p. 109) Ethics reporting mechanisms have been:
A. Established to create an avenue for the company to obtain allegations of unethical conduct.
B. Increasing in employee use and effectiveness.
C. Wholly rejected by skeptical and weary employees.
D. Both A and B, but not C.
Q:
(p. 125) Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world.
Q:
(p. 108) An ethics or compliance officer is generally entrusted to:
A. Act as a liaison between the company and the Securities and Exchange Commission.
B. Reduce the risks to the company of employee misconduct.
C. Distribute copies of the company's code of ethics to all interested stakeholders.
D. Arrange for ethics training for employees at a nearby university.
Q:
(p. 116) Motorola and Reebok are examples of:
A. Companies with clearly defined long-term strategic plans.
B. Companies trying to motivate employees to adhere to basic ethical principles of fairness, honesty and human rights.
C. Companies trying to educate employees to respect the customs of other nations.
D. Both B and C, but not A.
Q:
(p. 107) Which ethics policies are most popular amongst European and Canadian companies?
A. Statements of the company's values and mission.
B. Policies focusing on legal compliance.
C. Instrumental policies.
D. Both A and C, but not B.
Q:
(p. 107) Which of the following statements is true?
A. In Japan, most codes were found to be a mixture of legal compliance and statements of mission.
B. The rationale underlying corporate codes of ethics are the same from country to country.
C. The values and mission codes are least popular with European and Canadian companies.
D. Codes of ethics in Latin America primarily focus on guidelines for accepting or refusing gifts.
Q:
(p. 114) One of the most widespread and potentially powerful efforts to combat bribery was initiated by:
A. The Global Forum on Fighting Corruption.
B. The Organization for Economic Cooperation and Development.
C. International Labour Organization.
D. The U.S. Foreign Corrupt Policy Act.
Q:
(p. 107) A giant step is taken toward improving ethical performance throughout the company when:
A. The firm hires a university ethics professor to lecture employees on moral philosophy.
B. The Justice Department launches an investigation of the firm's pricing practices.
C. Senior-level managers signal to employees that they believe ethics is a high priority.
D. A consumer hot line is created and staffed 24 hours a day.
Q:
(p. 112) Ethisphere Magazine recognizes and rewards ethical leadership and business practices worldwide according to their:
A. Regulatory Percentage Track (RPT).
B. Ethics and Leadership Radar (ELR).
C. Quality Measurement (QM).
D. Ethical Quotient (EQ).
Q:
(p. 112) Recipients of the corporate ethics awards show that:
A. Awards are based on economic power, not ethical performance.
B. Firms can be financially successful and ethically focused.
C. Being legally compliant results in receiving an ethics award.
D. Improving ethical performance is very costly, but bolsters a firm's reputation.
Q:
(p. 105) Integrity-based ethics programs:
A. Seek to avoid legal sanctions.
B. Combines concern for the law with an emphasis on employee responsibility.
C. Threatens employees with punishment for non-compliance with the ethics program.
D. Are predominately implemented within the European Union.
Q:
(p. 111) The critical component in installing an effective ethics program is:
A. To allow all employees the freedom to act as they wish.
B. In hiring an expensive ethics consultant.
C. The integration of various ethics safeguards into a comprehensive program.
D. Maintaining the position as the industry sales leader.
Q:
(p. 105) A company that channels employee behavior in a lawful direction by emphasizing the threat of detection and punishment is:
A. Operating under the compliance-based approach.
B. Practicing "tone at the top."
C. Operating under the integrity-based approach.
D. Operating under the instrumental policy approach.
Q:
(p. 104) Building ethical safeguards into a company's everyday routines is called:
A. Change management.
B. Justifying ethics.
C. Institutionalizing ethics.
D. Ethical awareness.
Q:
(p. 111) Which of the following is a typical practice in an ethics audit procedure?
A. The auditor notes any deviations from the company's ethics standards that become evident during the ethics audit.
B. The auditor brings deviations to the attention of the audit supervisor.
C. Department managers are required to file a report with the auditor on the corrective action they took to deal with the deviation.
D. All of the above.
Q:
(p. 104) Which of the following organization's code of ethics advocates "loyalty to your organization, justice to those whom you deal and faith in your profession?"
A. Institute for Supply Management.
B. Institute of Certified Public Accountants.
C. Financial Accounting Standards Board.
D. Association for Computing Machinery.
Q:
(p. 110) Typically, ethics training is offered to:
A. Managers.
B. To the rank-and-file.
C. Both managers and the rank-and-file.
D. The Board of Directors only.
Q:
(p. 117) Illegal acts committed by employees, such as fraud and insider trading, are called blue-collar crime.
Q:
(p. 104) Business managers need a set of ethical guidelines to help them:
A. Understand the changing customs throughout the world.
B. Justify the resolution which best helps them.
C. Identify and analyze the nature of the ethical problem.
D. None of the above.
Q:
(p. 117) Following laws can always define proper action.
Q:
(p. 116) Ethics deal with human dilemmas that frequently go beyond the formal language of law.
Q:
(p. 100) A member of the Chartered Financial Analyst Institute (CFA) must:
A. Promote the integrity of and uphold the rules governing global capital markets.
B. Exercise sensitive and moral judgments in all activities.
C. Maintain objectivity.
D. All of the above.
Q:
(p. 113) Iceland and Sweden are two countries that are least likely to be subjected to bribery.
Q:
(p. 100) Which financial institution asked Wall Street finance companies to self-regulate?
A. The Federal Reserve Board.
B. Nasdaq.
C. The New York Stock Exchange.
D. The London Stock Exchange.
Q:
(p. 107) In the United States, most ethics policies are primarily based on the company's mission and vision.
Q:
(p. 98) The International Accounting Standards are essential for:
A. Imposing greater oversight by governments.
B. Integrating the European Union capital markets.
C. Promoting the integrity of global capital markets.
D. All of the above.
Q:
(p. 107) The majority of large U.S. corporations do not have codes of ethics.
Q:
(p. 97) By law, the financial records of publicly held companies are required to be:
A. Managed by an accounting department of at least 5 CPAs.
B. Summarized in the employee manual for new hires.
C. Reviewed quarterly by the IRS.
D. Audited by a certified professional accounting firm.
Q:
(p. 96) Which ethical criterion is described by the idea that a company should strive for efficiency?
A. Egoism.
B. Benevolence.
C. Principle.
D. Business-centered.
Q:
(p. 105) Any business that wished to do so can improve the quality of its ethical performance.
Q:
(p. 96) If a manger approaches ethics with benevolence in mind, he or she would stress what?
A. Friendly relations with an employee.
B. Company rules and procedures.
C. Laws and professional codes.
D. Economic efficiency.
Q:
(p. 98) The International Accounting Standards (IAS) were created by the Sarbanes-Oxley Act.
Q:
(p. 96) Which of the following is not an example of an ethical criterion?
A. Egoism.
B. Concern for others.
C. Principle.
D. Corporate driven.
Q:
(p. 97) Honesty, integrity and accuracy are absolute requirements of the accounting function.
Q:
(p. 96) If a manager approaches ethical issues with a self-centered approach, emphasis will be on:
A. Integrity.
B. Social relationship.
C. Economic efficiency.
D. Laws.
Q:
(p. 97) All ethics issues in business are the same.
Q:
(p. 96) The unspoken understanding among employees of what is and is not acceptable behavior is called:
A. Ethical climate.
B. Efficiency.
C. Success.
D. Rites and rituals.
Q:
(p. 96) It is impossible for multiple ethical climates to exist within one organization.
Q:
(p. 95) The core components upon which a company's ethical performance depends include:
A. The values and virtues of the managers.
B. The personal character of the managers and employees.
C. The traditions, attitudes, and business practices built into a company's culture.
D. All of the above.
Q:
(p. 96) Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically.
Q:
(p. 95 - 97) Define ethical climate. Discuss the differences and similarities among the ethical climates outlined in the textbook.
Q:
(p. 96) In a benevolence ethical climate, the interests of the company's employees and external stakeholders most likely would be given high priority.
Q:
(p. 95) In most companies, a moral atmosphere cannot be detected.
Q:
(p. 117) Which of the following is not an example of a white-collar crime?
A. Embezzlement.
B. Check fraud.
C. Theft.
D. Money laundering.
Q:
(p. 95) Personal values and moral character play key roles in improving a company's ethical performance.
Q:
(p. 116-117) The Interactive Digital Software Association case exemplifies:
A. The idea that laws cannot always define proper action.
B. The idea that ethical principles are broader than laws.
C. Industries preempting legislation and voluntarily adopting ethically based practices.
D. All of the above.
Q:
(p. 117 - 118) Define white-collar crime. Provide three examples of such criminal acts.
Q:
(p. 86 - 90) What are the four methods of ethical reasoning? Discuss the limitations of each of the four methods.
Q:
(p. 84 - 86) Define and discuss the six stages of moral development. What is the ethics referent at each stage? What is the basis of ethics reasoning at each stage?
Q:
(p. 116 - 117) Define law. Discuss the differences between law and ethics.
Q:
(p. 82 - 84) How does a person's spirituality influence his/her ethical behavior? How have organizations responded to increased attention to spirituality and religion at work attempting to accommodate their employees?
Q:
(p. 113-114) Define bribery. Explain why certain countries are less likely to participate in such acts.
Q:
(p. 78 - 81) There are four reasons stated in the textbook as to why ethical problems occur in business. Identify the nature of each ethical problem and the typical approach taken in response to the problem.
Q:
(p. 112) How are firms honored for their efforts to create an ethical climate? Provide examples of role model companies and what efforts they took to develop effective ethics programs.
Q:
(p. 75 - 76) Explain the purpose of the Sarbanes-Oxley Act. What issues does the act address? Discuss recent changes in regulatory interpretation of the Act.
Q:
(p. 105 - 111) Construct a comprehensive ethics program using four of the six ethical safeguards identified in the textbook.