Quiz
Ethics Unit 2
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Questions in this quiz (27)
1Why do we have an accounting function?
- AEfficiency
- BProductivity
- CAccountability
- DMake Money
- EDividends
2In Carr's article, how is business like poker?
- AEveryone knows the "rules" so it is expected that all parties will lie
- BOur tolerance for broken promises encourages risk taking
- COnly one person can win on top
3Business is a game.
- ATrue
- BFalse
4When are markets most efficient?
- AWhen there is perfect information
- BWhen everyone is playing the "game"
- CWhen everyone is following the accounting functions
- DWhen there are the least amount of ethical shenanigans
5What is financial fraud?
- AFalse claims
- BWhite Collar Crime
- CQuality or after-sale service
6What are major issues we face?
- ASexual harassment
- BEnvironmental Issues
- CFraud
- DIntellectual property rights
- EPrivacy
7According to Bhide and Stevenson, what encourages risk taking?
- AHonesty
- BTolerance for broken promises
- CAssuming everyone knows the "rules" of the game
8Kyosei explains that
- Athe business should put all of their money into nonprofits
- Bthe ultimate purpose of the firm is to have a positive impact on world problems
- Cour judgements are morally right or wrong
- Dthe business has a responsibility to its shareholders to return dividends
9What does Sarbanes-Oxley do?
- Amakes corporations become more socially responsible
- Boffers guidelines and regulations that publicly traded companies must adhere to
- Cdetermines how companies handle discrimination
10Sarbanes-Oxley was enacted in the wake of [blank_start]corporate mismanagement[blank_end] and [blank_start]accounting scandals[blank_end]
- Acorporate mismanagement
- Baccounting scandals
11The five elements of Sarbanes-Oxley includes:
Corporate Responsibility for [blank_start]Financial Reports[blank_end]
[blank_start]Disclosures[blank_end] in Periodic Reports
Management Assessment of [blank_start]Internal Controls[blank_end]
[blank_start]Real Time Issuer[blank_end] Disclosures
Criminal Penalties for [blank_start]Altering Documents[blank_end]- AFinancial Reports
- BDisclosures
- CInternal Controls
- DReal Time Issuer
- EAltering Documents
12The five stages of Kyosei are
[blank_start]Economic Survival[blank_end]
[blank_start]Cooperating with Labor[blank_end]
[blank_start]Cooperating Outside the Company[blank_end]
[blank_start]Global Activism[blank_end]
[blank_start]Partnering with Government[blank_end]- AEconomic Survival
- BMaking Money
- CBeing Ethical
- DCooperating with Labor
- EVerbal Abuse
- FPaying Minimum Wage
- GCooperating Outside the Company
- HWorking with Competitors
- ICooperating with Non Profits
- JGlobal Activism
- KGlobal Expansion
- LCulturally Diverse
- MPartnering with Government
- NFollowing Regulations
- OProviding Training
13[blank_start]Stakeholders[blank_end] are legitimate constituencies that are affected by, or that can affect, the actions and/or outcomes of the organization.
- AStakeholders
14Milton Friedman claims
- Athe only legitimate stakeholder of the firm is the "owner"
- Ball people to be stakeholders
- Cevery man is part of the main and if washed away the main is less
15Stakeholder Groups include:
Internal: [blank_start]employees[blank_end], [blank_start]owners[blank_end], [blank_start]board[blank_end]
External: [blank_start]customers[blank_end], [blank_start]suppliers[blank_end], [blank_start]competitors[blank_end]- Aemployees
- Bgovernment
- Cowners
- Dboard
- Ecustomers
- Fsuppliers
- Gcompetitors
16John Donne in Meditation 17 claims
- Athe only legitimate stakeholder of the firm is the "owner"
- Ball people are stakeholders
- Cevery man is part of the main and if washed away the main is less
17John Donne's article claims
- Athe only legitimate stakeholder of the firm is the "owner"
- Ball people are stakeholders
- Cevery man is part of the main and if washed away the main is less
18Organizational imperatives as which the firm must always strive include
- Asurvival
- Befficiency
- Cpower
- Dlegitimacy
- EGAAP
- FKyosei
- Gintegrity
19Which stakeholders matter most depends on what?
- ANegative externalities
- BNegative internalities
- CDominant imperative
- DMonetary contribution
20The stakeholder perspective is a(n) [blank_start]other-entered[blank_end] view of organizations
- Aother-centered
21This implies that we care for the resources owned by someone else
- AService
- BServant
- CShepherding
- DStewardship
22Actions or systems of businesses where the costs of which are borne by external stakeholders, such as communities or the environment
- ANegative Externalities
- BNegative Internalities
- COrganizational Imperatives
23These are harmful actions in which the costs are passed on to internal stakeholders, such as employees
- ANegative Internalities
- BNegative Externalities
- COrganizational Imperatives
24Examples of negative externalities
- Aenvironmental pollution
- Bperpetuating social class divisions
- Cexploitation of weaker nations
- Dwork hazards
- Eworkaholism
- Fstress
- Gverbal abuse
25Examples of negative internalities
- Aenvironmental pollution
- Bperpetuating social class divisions
- Cexploitation of weaker nations
- Dwork hazards
- Eworkaholism
- Fstress
- Gverbal abuse
26[blank_start]Stewart[blank_end] claims:
Accountability is a(n) [blank_start]interpretative art[blank_end]
Accountable identity is constituted with [blank_start]others[blank_end], [blank_start]social responsibility[blank_end], and [blank_start]concern for common good[blank_end]- AStewart
- BStaubus
- CErisman
- DFriedman
- Einterpretative art
- Fmanager's job
- Gmatter of principle
- Hothers
- Ithe business
- Jemployees
- Ksocial responsibility
- Lcompetition
- Mthe bottom line
- Nconcern for common good
- Omorality
- Pbest business practices
27Staubus claims that the heart of the problem is that auditors have stronger incentives to please [blank_start]management[blank_end] than serve the [blank_start]investing public[blank_end].
- Amanagement
- Binvesting public
Information
- Description
- Quiz on Ethics Unit 2, created by Cami Gower on 02/11/2016.
- Author
- Cami Gower
- Language
- English
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