Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
 An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
 Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
TRUE Utilitarianism poses a relatively simple mode for determining the
 morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
Act utilitarianism In this perspective, the principle of utility (do whatever will produce
 the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
TRUE Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of

Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
 core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
 In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
 The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
 are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
 FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
FALSE The words and deeds of someone will be in agreement with the
ethical standards of the company when a person has a low degreee
 of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
 This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
TRUE Moral dilemmas emerge when individuals or groups need to pick
 between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
TRUE The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
life. Egoism is simply not a factor in the ethical decision-making of
 caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.

All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
that initiatives must benefit firms as
well as society.
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external Which of the following is NOT true about corporate governance?
elements such as clients, consumer
groups, and government
regulations.
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
TRUE A conflict of interest is a situation in which personal and/or financial
 considerations have the potential to influence or compromise
professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
 There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us Ethics refers to
how people should act in the many
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
FALSE Employees make better decisions efficiently without a governing
 standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.

FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
 Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
FALSE The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
 are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
TRUE Producers owe only those things promised to consumers in the
 sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
FALSE Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
 harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
 In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
employment relationship An is a legal connection that is formed between an employee and
 employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
FALSE Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
 and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
 Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
 Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
TRUE The culture of a company is connected to the characteristics found
in the surrounding environment, but it also has some traits that are
 unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and What are ethical theories?
principles that determine right and
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.

TRUE
A business involved in social issues
can lose its focus on operating as
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors Which of the following statements is TRUE?
and employees to seek out ethical
For business owners, it is vital to speak and act in a trustworthy
manner.
Which statement is an argument against corporate social
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
companies for investment and
employment.
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
 is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
values-based One kind of ethics program is the system that depends on self-
 policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
 TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

 Laws can never be morally wrong or unethical.
FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
 consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
 standard of business ethics in all aspects of operations tend to
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
TRUE Utilitarianism poses a relatively simple mode for determining the
morally right course of action for any specific situation one may be
 in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
 Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
TRUE Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and

Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
 following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
 is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
TRUE The abbreviation COSO stands for The Committee of Sponsoring
 Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
Gatekeepers are business professionals that enforce rule and attests to the
 fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
 Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
 Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
 foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
 Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
TRUE Maintaining social responsibility within an organization ensures the
 integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
 Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
Common Good Approach This approach suggests that linked relationships of society are the
foundation of ethical reasoning and that reverence and concern for
 all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their Which of the following is NOT true about the 2002 Sarbanes-Oxley
influence to shape corporate
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
TRUE Corporate culture is a set of characteristics that identifies a

TRUE
TRUE
TRUE
FALSE
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
their culture or society, they are assured that their actions are
ethically correct.
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?

Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
 An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
FALSE People using the principle approach often ask such questions as
 "What's the bottom line?" "What effect will this have?" "What good
will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
 FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
 TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
justice The approach maintains that moral decisions must be based on
 standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
Section 201 This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
 The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
TRUE Some traditions are relatively ethical, but others become corrupt or
 oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and Which of the following is true about culture?
moral beliefs and standards that
articulate how people should
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every
situation. It will depend on the
consequences of the act.
TRUE
No, this is dishonest business
practice.
TRUE
Ethical theories are the rules and
principles that determine right and
wrong for any given situation.
TRUE
FALSE
All of the answers are correct.
All of the answers are correct
TRUE
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Identify the statement that is consistent with utilitarian ethical theory.
Ethical character traits include integrity, honesty, and ustice.
Should a gas station owner be allowed to charge Pgp10 more per
liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
they should value.
What are ethical theories?
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
compliance and values-based.
Which of the following reasons accounts for the dominance of
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
 Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible. responsibility?
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups. Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
TRUE positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
Social responsibility following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
 A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
TRUE The utilitarian ethical tradition would take the agreement of the two
 participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
Downsizing refers to reducing the size of a company by eliminating workers
 and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
 Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
fiduciary duties The legal obligations of a professional to act in the best interest of
 his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
 Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
An old approach to ethics is that ethical actions should not be
Virtue Approach consistent with certain virtues that provide for the full development
of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
TRUE Operating a business in an entirely ethical way builds a stronger
bond between individuals in leadership positions that further creates
 stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
FALSE
complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
TRUE Business ethics is an instrument organizations use to guarantee
managers, directors, or executive officers act responsibly in different
 business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
FALSE Utilitarianism was developed by Jeremy Bentham and John Stuart
 Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
Cultural norms are the shared, approved, and incorporated
TRUE structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
TRUE The major reason to study ethics is that whether or not we examine
 the questions What should I do? or What type of person should I
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
Which proposition correctly describes the concept of a right?
person.
No correct answer Which statement/s are characteristic of virtue ethics?
Understanding right from wrong What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
FALSE Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
TRUE
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
All of the answers are correct
conducive within an organization?
When an organization shows concern for the people and
Social responsibility
environment in which it transacts business it is called ______
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers. Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
TRUE allocation of resources.
Social and Environmental Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
FALSE them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
Painting a homeless shelter responsibility initiative?
Ones in which ethical dilemmas are
minimized. What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
TRUE established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
TRUE moving forward.
voluntary CSR is a _________ initiative
A person who always makes use of the Character Approach will
FALSE likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
TRUE manner.
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
All of the answers are correct
FALSE
Caretaker
TRUE
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society.
TRUE
Competitive
Maximizing profits
FALSE
code of ethics
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization
TRUE
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
always easy to resolve.
The social responsibilities of a management include all of the
following except
Acting with honor is a vital characteristic of a business owner.
Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
have been followed.
A document prepared to guide organization members when
encountering ethical dilemmas is a
Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
encironmentally, and socially responsible.
Which of the following statements is TRUE?
 Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and
environment in which they transact
business Companies that practice social reponsibility marketing strategies
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical Which of the following is true about negligence?
neglect, particularly neglecting duty
to practice reasonable care not to
harm others.
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
then allow him to decide the terms on which he is agreeable to buy
TRUE or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
Just cause is a reason that is enough to fire an employment contract
 immediately and for which no notice or severance pay is due to the
employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
 Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
 Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
Establishing a safe work environment is crucial to the success of a
business and is one of the best ways to retain employees and
TRUE maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

 GRADE 12 2ND SEM SOURCES

head

Business Ethics with Good Governance & Social Responsibility

Laws can never be morally wrong or unethical.

FALSE
Ethics is the ideology about right and wrong in the workplace
TRUE
distinguished by social notions of the moral actions of people.
Only Managers are obliged to make decisions in the business
FALSE
environment every day.
The approach of social responsibility is based on a system of ethics,
TRUE in which decisions and actions must be ethically ratified before
proceeding.
The words and deeds of someone will be in agreement with the
FALSE ethical standards of the company when a person has a low degreee
of integrity.
Maintaining social responsibility within an organization ensures the
TRUE
integrity of society and the environment are protected.
Practical reason tries to gauge the way things are while theoretical
FALSE reason determines how the world should be and what individuals
should do.
The theory of social responsibility and ethics only applies in a group
FALSE
context.
Practical reason is concerned with matters of fact and their
FALSE explanation of value while theoretical reason is concerned with
matters of value abd their explanation.
There are five types of ethical standards: utilitarian, rights, fairness
TRUE
or justice, common good, and virtue.
The virtue framework addresses the elements of individual
TRUE characters and disposition which deepen one's humanity and
engender one's relationships with other.
Intelligent and good-hearted people all share the same values and
FALSE
hold similar opinions about which values should abound.
The character approach analyzes a person's or group's intentions,
TRUE inclinations, and motives and then creates a moral judgment of the
person's or group's character.
The character approach is the most familiar since most ethics
FALSE
education is based on character.
Rule utilitarianism emphasizes the specific situations and the many
individual features of the circumstances that offer moral problems,
FALSE
and it presents a simple method for addressing these individual
cases.
Rule utilitarianism is usually deemed as the most natural
FALSE
interpretation of the utilitarian ideal.
TRUE
Rule utilitarianism mainly poses the question "What effect would
TRUE everyone's doing this action have on the general balance of good
over evil?"
An utilitarianism generally asks  the question "What effect will this
TRUE
act have in this situation on the general balance of good over evil?"
FALSE Rule
The essence of business ethics extends beyond employee loyalty
TRUE
and morale or the strength of a leadership bond.
Virtue Approach An old approach to ethics is that ethical actions should not be
consistent with certain virtues that provide for the full development
 of humankind.
Only the management is obliged to make decisions in the business
FALSE
environment every day.
The Virtue Approach is ethical actions consistent with beliefs and
TRUE habits that enable us to act according to the best of our character
and on behalf of values like honesty and truth.
When the management team is leading a company in an ethical
TRUE
manner, their employees follow suit.
It espouses that moral behavior generates the greatest good for the
Utilitarian Approach
vast majority.
Normative myopia It is the shortsightedness of values.
All answers are correct The following account for the vast majority of poor decisions
Managers are not accountable for the ethical conduct of their
subordinates. This is made possible by making sure employees are
FALSE
aware of the code of ethics of the organization and have the
opportunity to validate and clarify their misunderstanding.
Vital decisions are easy to make with many people. Different
FALSE
personalities interfere with reason and argument.
standards of behavior that tell us
how people should act in the many
Ethics refers to
situations in which they find
themselves.
occurs when decision-makers fail to
Change blindness
see gradual changes over time.
The reputation of a business from other businesses, the community,
TRUE and investors is important in determining whether a company is a
beneficial investment.
is a shortsightedness of values. Normative myopia
Ethical decision-making seeks to benefit the company as a whole,
TRUE
instead of allowin just one individual gain from business decisions.
When the current management principles is not based on ethical
FALSE practices and behavior, leaders within an organization can instruct
employees by example and guide them in making decisions.
It maintains that moral decisions must be based on standards of
The Fairness Approach
equity, fairness and impartiality.
Operating a business in an entirely ethical way builds a stronger
TRUE bond between individuals in leadership positions that further creates
stability within the company.
Decisions taken within an organization may be made by individuals
TRUE or groups, but whoever makes the decisions will be affected by the
culture of the company.
Working for an organization does not require following an ethical
FALSE
framework when making decisions.
Acting and reflecting on the outcome is the last step to ethical
TRUE
decision-making.
FALSE Building an ethical business environment happens in a day.
It occurs when decision-makers fail to see gradual changes over
Change blindness
time.
FALSE Employees who do not work for an organization that requires a high
standard of business ethics in all aspects of operations tend to
 complete their job duties at a higher level and stay loyal to that
organization.
Inattentional blindness It results from focusing on failures.
Making sensible ethical choices does not require an understanding
of ethical issues and a prepared method for discovering the ethical
FALSE
sides of a decision and evaluating the alternatives that should
impact our choice of action.
All of the answers are correct. Managers are
results from focusing on failures. Inattentional blindness
TRUE Personal integrity is the base for ethics.
This approach suggests that linked relationships of society are the
Common Good Approach foundation of ethical reasoning and that reverence and concern for
all others are conditions of such grounds.
It suggests that linked relationships of society are the foundation of
The Common Good Approach ethical reasoning and that reverence and concern for all others are
conditions of such grounds.
Making sensible ethical choices does not require an understanding
FALSE
of ethical issues.
______ espouses that moral behavior generates the greatest good
The Utilitarian Approach
for the vast majority.
Employees make better decisions efficiently without a governing
FALSE
standard.
Some traditions are relatively ethical, but others become corrupt or
TRUE
oblivious to certain ethical manners.
TRUE There is a vital relationship between integrity and ethics.
FALSE Integrity is an obligation, not a choice.
FALSE Getting the facts is the first step to ethical decision-making.
The Rights Approach is an old approach to ethics is that ethical
FALSE actions should be consistent with certain virtues that provide for the
full development of humankind.
The more difficult the ethical choice we have to make, the more we
FALSE
need to avoid difficult people and situations.
Beauty, empathy, courage, generosity, patience, love, loyalty,
TRUE integrity, justice, self-control, and prudence are all examples of
virtues. Terminal values refer to preferable modes of behavior.
Business ethics is an instrument organizations use to guarantee
TRUE managers, directors, or executive officers act responsibly in different
business situations.
Ethics is not a religion. Which of the following is TRUE about ethics?
It emphasizes that human beings have basic rights and liberties that
Rights Approach
cannot be taken away by decision.
Feelings ______ provide relevant insight for our ethical choices.
The Rule of 7 states that for every individual you minus to a group
TRUE
beyond seven, decision effectiveness declines by 10 percent.
The Character approach analyzes the intentions, inclinations, and
TRUE motives of a person or group, and then creates a moral judgment of
the character of said person or group.
Utilitarianism poses a relatively simple mode for determining the
TRUE morally right course of action for any specific situation one may be
in.
 The challenge of resolving moral approaches is intensifies by the
FALSE problem that people have similar approaches to moral decision-
making.
Unlike rule utilitarians who try to maximize overall utility by applying
the utilitarian principle to individual acts, act utilitarians maintain that
FALSE
one can maximize utility only by setting up a moral code that consist
of rules.
In the Character Approach, the judgment concered addresses both
FALSE
the morality and the consequences of an act.
Moral dilemmas emerge when individuals or groups need to pick
TRUE
between contending values.
The most effective leaders use their
influence to shape corporate Which of the following is NOT true about the 2002 Sarbanes-Oxley
culture and motivate ethical Act (SOX)?
conduct.
According to this viewpoint, people should judge the morality of
individual actions by reference to general moral rules, and people
Rule utilitarianism should judge particular rules by determining whether their
acceptance into the moral code would produce more well-being than
other possible rules.
Culture portrays the ethical and
moral beliefs and standards that
articulate how people should Which of the following is true about culture?
behave and interact with one
another.
In the virtue framework, one tries to identify the negative character
FALSE
traits that might motivate people in a given situation.
Tostudy an issue using utilitarian approach, first, ask who will be
FALSE affected by each action and what gains and harms will be assumed
from each.
Effective leaders design strategies to achieve desired outcomes,
TRUE
because they are in the business of making a profit.
There will be no parameters limiting what a person will or will not do
FALSE
if virtues did not exist.
The culture of a company is connected to the characteristics found
TRUE in the surrounding environment, but it also has some traits that are
unique.
Utilitarianism was developed by Jeremy Bentham and John Stuart
FALSE
Mill in the 18th century.
In the consequence approach, those who make decisions weigh
TRUE several probable results and arrive at the decision likely to produce
the best result.
Bentham and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Making good ethical decisions demands a trained sensitivity to
ethical issues and a practicesd manner for surveying the ethical
TRUE
aspects of a decision and weighing the considerations that should
impact the choice of a course action.
In this perspective, the principle of utility (do whatever will produce
Act utilitarianism
the best overall results) should be applied on a case by case basis.
TRUE Cultural norms are the shared, approved, and incorporated
 structures of beliefs and practices that are handed down through
generations and typify a cultural group.
They do not contribute to the health Which of the following is NOT true about norms?
Business Code of Ethics defines acceptable behavior and promote
TRUE
high standards of practice.
based on moral virtues of hard
Work ethics are
work.
The theory of virtue ethics focuses on a full and detailed description
of those character traits that would constitute a good and human
TRUE
life. Egoism is simply not a factor in the ethical decision-making of
caring, empathetic, charitable, and sympathetic persons.
Corporate culture is a set of characteristics that identifies a
TRUE business. It involves employee attitudes, standards, and ways of
doing things.
What people do value and what they should value are not
TRUE
necessarily the same.
Culture protrays the ethical and moral beliefs and standards that
TRUE
articulate how people should behave and interact with one another.
A corporate director who bought that company stock when he knew
TRUE it was about to jump up in price committed fraud by buying it while
not disclosing his inside information.
As long as individuals follow the mores, customers, and rules of
FALSE their culture or society, they are assured that their actions are
ethically correct.
No act is ever morally right or
wrong in all cases ever morally
right or wrong in all cases, in every Identify the statement that is consistent with utilitarian ethical theory.
situation. It will depend on the
consequences of the act.
TRUE Ethical character traits include integrity, honesty, and ustice.
No, this is dishonest business Should a gas station owner be allowed to charge Pgp10 more per
practice. liter, if this store is the only store with gas?
Philosophical ethics distinguishes what people do value from what
TRUE
they should value.
Ethical theories are the rules and
principles that determine right and What are ethical theories?
wrong for any given situation.
The major reason to study ethics is that whether or not we examine
the questions What should I do? or What type of person should I
TRUE
be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Freud and Fraedrich illustrate two kinds of ethics programs,
FALSE
compliance and values-based.
Which of the following reasons accounts for the dominance of
All of the answers are correct.
utilitarianism among policy makers and administrators?
Which statement/s are legitimate challenges to utilitarian ethical
All of the answers are correct
theory?
Managers are accountable for the ethical conduct of those who
report to them by making sure employees are aware of the code of
TRUE
ethics of the organization and have the opportunity to va;idate and
clarify their understanding.
Rights protect the interests of a
person.
No correct answer
Understanding right from wrong
FALSE
TRUE
All of the answers are correct
Social responsibility
Operating in a socially responsible
way towards all stakeholders can
set up a number of conflicts for
managers.
TRUE
Social and Environmental
FALSE
Painting a homeless shelter
Ones in which ethical dilemmas are
minimized.
TRUE
TRUE
voluntary
FALSE
TRUE
A business involved in social issues
can lose its focus on operating as Which statement is an argument against corporate social
effectively as possible.
The lobby for ethical business has
come from the religious groups,
governments, trade unions and
consumer and environmental action
groups.
TRUE
Social responsibility
Which proposition correctly describes the concept of a right?
Which statement/s are characteristic of virtue ethics?
What is the definition of ethics?
If something is seriously wrong, the law will prohibit it.
Consequently, it is enough to rely on the law for deciding what is
right or wrong.
The right to due process often comes up when the government
needs to take the property of someone for public use.
Which of the following is an element that makes ethical behavior
conducive within an organization?
When an organization shows concern for the people and
environment in which it transacts business it is called ______
Which of the following statements is TRUE?
One of the benefits of having a diverse workforce is it can provide a
greater variety of solutions to problems in service, sourcing, and
allocation of resources.
Which concerns does CSR address?
Employers do not have a responsibility to their employees to protect
them from discrimination and unfair treatment in the workplace.
Which of the following is NOT an example of a philanthropic social
responsibility initiative?
What type of companies do individuals tend to want to work for?
Business ethics are moral guidelines for the conduct of business
established on notions of what is right, wrong, and fair.
The idea of social responsibility is based on a system of ethics, in
which decisions and actions must be ethically analyzed before
moving forward.
CSR is a _________ initiative
A person who always makes use of the Character Approach will
likely be considered dogmatic and hard to get along with.
For business owners, it is vital to speak and act in a trustworthy
manner.
responsibility?
Which of the following statements is TRUE?
For some employees, the loss of a ob due to downsizing can be a
positive step that allows them to reinvent themselvs.
When a company sponsors a charity event that is aligned with their
core mission and vision, that company is practicing which of the
following concepts?
All of the answers are correct Which of the following stakeholders are interested in CSR?
Ethical predicaments in the workplace are common, and they are
FALSE always easy to resolve.
The social responsibilities of a management include all of the
Caretaker following except
TRUE Acting with honor is a vital characteristic of a business owner.
The strategic argument that
business should operate ethically is
a selective approach that argues
that initiatives must benefit firms as
well as society. Which of the following statements is TRUE?
An employee is terminated for just cause where he has been found
to have been dishonest with the employer, such as theft of
TRUE corporate property or in the participation of a competitor business.
Proponents of corporate social responsibility highlight three
advantages, which they refer to as a triple bottom line. Which of the
Competitive following is NOT one of these three advantages?
Which of the following is NOT a way that companies can
Maximizing profits demonstrate social responsibility?
The issues of due process and just cause are not connected to
business owners disciplinary actions because the employets must
have disciplinary procedures that make sure that their employees
are disciplined for just reasons and only after the correct procedures
FALSE have been followed.
A document prepared to guide organization members when
code of ethics encountering ethical dilemmas is a
An effective strategic approach to
ethical business is through the
prioritizarion of an issue that is
central to the needs of the
organization Which of the following statements is TRUE?
Companies have a corporate social responsibility is about caring for
the workers, giving back to the community, and being financially
TRUE encironmentally, and socially responsible.
There is growing trend for investors
and employees to seek out ethical
companies for investment and
employment. Which of the following statements is TRUE?
Accept terms and conditions are usually done as a part of joining
TRUE procedure.
Social responsibility is an ethical ideology, in which individuals are
responsible for executing their civic duty; the actions of a person
TRUE must benefit the whole of society.
Which of the following does NOT contribute to the development of
Competitor behaviors the standard of ethics of a manager?
Proprietors do not need to honor any commitments made to
FALSE employees, customers or clients.
A competitive business
environment Which of the following would most likely cause unethical behavior?
show concern for the people and Companies that practice social reponsibility marketing strategies
environment in which they transact
business
One major disadvantage of affirmative action in the workplace is the
TRUE reality or perception of reverse discrimination.
Acting in an ethical way does not concern distinguishing between
FALSE right and wrong and then making the right decision.
A social approach to ethics
acknowledges that ethical
considerations vary between
cultures Which of the following statements is TRUE?
All of the answers are correct What is social responsibility?
People using the principle approach often ask such questions as
"What's the bottom line?" "What effect will this have?" "What good
FALSE will this bring about?" and "Will this help in the long run?"
Caveat emptor is a phrase that is simply an effort to illustrate the
broader concept of freedom of contract as it applies to the seller-
TRUE buyer relationship.
If law will hold business liable for implicit promises, a weak business
will try to limit its liability by clearly disowning any promise or
FALSE warranty.
Manipulation would be objected strongly by the principle-based
TRUE tradition in ethics.
Producers owe only those things promised to consumers in the
TRUE sales agreement.
The utilitarian ethical tradition would take the agreement of the two
participants as proof that both are better off than they were before
the exchange and accordingly conclude that general happiness has
TRUE been raised by any exchange openly entered into.
This provision in the Sarbanes-Oxley Act requires that management
file and internal control report with its annual report each year in
order to delineate how management has established and
Section 404 maintained effective internal controls over financial reporting.
No correct answer Which of the following is NOT true about ethical marketing?
Negligence can be distinguished as a failure to practice reasonable
TRUE care or ordinary caution that causes another to be harmed.
Ultimately, consumers and marketers are responsible for ethical and
TRUE socially responsible behavior.
It concerns a kind of ethical
neglect, particularly neglecting duty
to practice reasonable care not to
harm others. Which of the following is true about negligence?
An employee has the right to time off to take care of his sick wife,
but does not have the right to take time off to care for his terminally
TRUE ill neighbor.
Employment security is about the protection of workers against
TRUE vacillations in earned income as a result of job loss.
Under health and safety law, the principal responsibility for health
TRUE and safety is down to employers.
Even without marketing, a business may offer the best products or
FALSE services in an industry.
TRUE In business, caveat emptor means to allow the potential buyer who
is considering the procurement of an item to check the item, and
 then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Organizations can use ethical marketing as a way to establish trust
among their customers by living up to the claims made in its
TRUE advertising.
Sarbanes-Oxley Act entails requirements for verification of the
TRUE statements by officers.
It does not pertain to external
elements such as clients, consumer
groups, and government
regulations. Which of the following is NOT true about corporate governance?
FALSE Respondent superior is Latin for consumer rights.
Torts is a term that is usually used in the field of law that is known
FALSE by lay people as liability.
Based on the COSO framework, monitoring control activities are
FALSE policies and procedures that support the control environment.
The Sarbanes-Oxley act of 2006 decreed strict changes to improve
FALSE financial disclosures from companies and impede accounting fraud.
Organizations operating internationally have become exposed to a
TRUE greater level of operational risk.
Female have the right not to be sexually harassed, but male
employees do not have this right because a man cannot be sexually
FALSE harassed.
refers to reducing the size of a company by eliminating workers
Downsizing and/or divisions within the company.
are the primary rights of people regardless of their race, sex,
Human rights religion, political opinion, social status or any other characteristic.
is a strong predictor of human trafficking and may come in the form
Corruption of bribery and usury fees paid by workers to recruitment agents.
Workplace diversity alludes to the range of differences between people in a company.
Being able to work in a team with different people from all ages and
backgrounds is part of the expectations of the employer to their
TRUE workers.
has been defined as showing a preference for selecting and/or
promoting members of a demographic or minority group with a
Affirmative action history of discrimination.
is a reason that is enough to fire an employment contract
immediately and for which no notice or severance pay is due to the
Just cause employee.
means that the government cannot take away the life, liberty, or
property interest of a person without giving them notice and a fair
Due process hearing.
Individuals who are shamed, bullied or discriminated against based
on preconceived judgments of their appearance, disabilities, or
stigmatization lifestyles are victims of
Employment discrimination is the unjust treatment of employees based on prejudices.
If an employee has different religious belief and practices from his
FALSE employer, he can be rightly fired from his job.
The abbreviation COSO stands for The Committee of Sponsoring
TRUE Organizations of the Treadway Commission.
All of the answers are correct Which of the following is an example of a fiduciary relationship?
In the Sarbanes-Oxley Act, Section 201 refers to the rules of
FALSE professional responsibility for attorneys.
Sustainable development involves conducting business in a way
TRUE that protects the environment while making economic progress.
Sustainable or green marketing refers to circumstances where
people are subject to directed commercial activity and are unaware
FALSE of it.
A conflict of interest is a situation in which personal and/or financial
considerations have the potential to influence or compromise
TRUE professioanl judgment.
TRUE The Control Environment is the culture or tone of a company.
FALSE Unethical behavior is always against the law.
Investors do not have to depend on auditors to objectively assess
FALSE the financial statements of a company.
Strict product liability is a legal rule that says a seller of a defective
product is liable to a person injured by that product regardless of
whether the seller did everything possible to make sure the defect
TRUE never happened.
Sustainable or green marketing is based on concepts of
environmental and social sustainability, and attempts to meet the
TRUE needs of the current generation without destroying the future.
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for
TRUE senior financial officers.
Fiduciary duties are the legal obligations of a professional to act in
TRUE the best interest of his clients.
or undercover marketing refers to circumstances where people are
Stealth subject to directed commercial activity and are unaware of it.
is a term that is usually used in the field of law that is known by lay
Torts people as negligence.
refers in general to the rules, procedures, or laws whereby
corporate governance businesses are regulated, operated, and controlled.
is a reason that is enough to fire an employment contract
immediately and for which, no notice or severance pay is due to the
Just cause employee.
One kind of ethics program is the system that depends on self-
values-based policing and motivation rather than coercion.
Shoring preference for selecting and/or promoting members of a
demographic or minority group with a history of discrimination is
affirmative action called
let the buyer beware The literal translation of caveat emptor is
Sustainable or marketing is based on concepts of environmental
and social sustainability, and attempts to meet the needs of the
green current generation without destroying the future.
COSO stands for The Committee of Organizations of the Treadway
Sponsoring Commission.
It is a method by which a product or service is presented and
marketing promoted to possible customers.
are business professionals that enforce rule and attests to the
Gatekeepers fundamental fairness of the system.
 A is a situation in which personal and/or financial considerations
have the potential to influence or compromise professional
conflict of interest judgment.
The espouses that moral behavior generates the greatest good for
utilitarian approach the vast majority.
is a general set of guidelines to assist organizations as they
ethical marketing evaluate new marketing strategies.
To someone is to treat them as a means to an end; as a tool to be
manipulate used instead of as an autonomous individual in his right.
respondent superior There is a principle called which is Latin for: let the master answer.
The approach maintains that moral decisions must be based on
justice standards of equity, fairness, and impartiality.
alludes to the range of similarities and differences between people
Workplace diversity in a company.
Emphasis that human being have basic rights and liberties that
moral rights approach cannot be taken away by the decision of someone is the
Are professions that enforce rules and attest to the fundamental
fairness of the system. Examples of these are accountants, financial
gatekeepers analysts, attorneys, and auditors.
The to ethics believes that ethical actions should be consistent with
virtue approach certain virtues that provide for the full development of humankind.
An is a legal connection that is formed between an employee and
employment relationship employer when work is completed for monetary renumeration.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients.
caveat emptor The literal translation of is let the buyer beware.
Practical reason is logic that is used to direct action.
The legal obligations of a professional to act in the best interest of
fiduciary duties his clients is called .
A principal factor of tort law, it concerns a kind of ethical neglect,
particularly neglecting duty to practice reasonable care not to harm
Negligence others.
There are circumstances in which buyers can be harmed by a
TRUE product even when no negligence was involved.
The Sarbanes-Oxley Act of 2002 was created by US senator Philip
FALSE Sarbanes and US Representative Michelle Oxley.
TRUE Ethics does not only mean pursuing traditionally accepted norms.
Corporate governance is a set of characteristics that identifies a
FALSE business.
TRUE Laws can be morally wrong or unethical.
FALSE Change blindness results from focusing on failures.
A company increases the possibility of high risk behavior when it is
TRUE not fully supporting people.
Most, if not all, businesses give importance to business ethics and
TRUE usually include in it in the core values of the company.
Ethically, tort law maintains that people owe others certain general
FALSE duties only if it has been clearly and voluntarily stated.
FALSE The heart of a business success does not depend on its marketing.
TRUE Establishing a safe work environment is crucial to the success of a
 business and is one of the best ways to retain employees and
maximize productivity.
Corporate culture refers in general to the rules, procedures, or laws
FALSE whereby businesses are regulated, operated, and controlled.
Social responsibility is an ethical ideology, in which individuals are
FALSE responsible for executing their fiduciary duty.
There is still a high risk of unethical behavior even when companies
have great rules and procedures and obey the laws and
TRUE regulatiions.
This provision in the Sarbanes-Oxley Act prohibits various forms of
professional services that are determined to be consulting rather
Section 201 than auditing.
Reducing the number of employees on the operating payroll is
downsizing called .
In the doctrine respondent inferior, a principal is held responsible for
the actions of its agent when said agent is acting in the regular
FALSE course of his duties to the principal.
All of the answers are correct Which of the following is true about Ethical marketing?
Liability can be defined as a failure to practice reasonable care or
FALSE ordinary caution that causes another to be harmed.
The values-based system of ethics employs legal terms, rules of
FALSE conduct, training, and penalties for non-compliance.
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COMPILE SUBJECT FOR G12 (2ND SEM )

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