Intro Chapter 4 Test-New

Front

Ethics are moral principles by which people conduct themselves personally, socially, or professionally

Back

True

Front

Different cultures, businesses, and industries have the same ethical standards in international trade.

Back

False

Front

In some cultures, excessive gift giving in business is overlooked and considered ethical.

Back

True

Front

It is okay for the hospital to dump medical waste into a river.

Back

False

Front

When a soft drink's ingredients cause an allergic reaction in some people, who should you contact?

Back

FDA

Front

A conflict of interest is a conflict between self-interest and

Back

professional obligation

Front

The following are examples of conflict of interest EXCEPT: an elected official awarding a contract to his business partner, a judge hearing a case defended by his wife.

Back

a business hiring an accounting firm to oversee record-keeping

Front

Most businesses are committed to

Back

providing safe products, treating employees fairly, being truthful about their financial situation.

Front

Some firms limit the damage they do to the environment by: using recycled or recyclable paper, installing filtration systems to reduce air pollutants, using renewable energy sources, or any of the above?

Back

any of the above

Front

The law that requires truthful financial reporting and makes the CEO more accountable for the actions of financial managers is the

Back

Sarbanes-Oxley Act.