INTRO TO BUSINESS - CHAPTER 4 REVIEW

What are moral principles that governs behavior?

• facts

• ethics

• codes

• social responsibilities

What is a guide of principles designed to help professionals conduct business honestly and with integrity?

• resume

• coat of arms

• social responsibility

• code of ethics

Choose 3 that are ethicals issues in business:

• misuse of company time

• profit margin

• conflict of interest

• abusive and intimidating behavior

When a company contributes to society in a positive way, this is called

• ethics

• social responsibility

• code of ethics

• social studies

A decision that involves a conflict of values; every potential course of action has some significant negative consequences.

• Cause-related marketing

• Social responsibility

• Corporate responsibility

• Carbon footprint

• •Ethical dilemma

Employees who report their employer’s illegal or unethical behavior to either the authorities or the media.

The obligation of a business to contribute to society.

• Ethics

• Social responsibility

• Cause-related marketing

• Consumerism

• None of the Above

Any groups that have invested interest or a personal gain—in the performance and actions of an organization.

• Consumerism

• Lobbyists

• Whistle-blowers

• Stakeholders

• None of the Above

Federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms. Key provisions limit conflict-of-interest issues and require financial officers and CEOs to certify the validity of their financial statements

• World Trade Agreement of 2002

• NAFTA - North American Trade Agreement of 2002

• NAFTA - North American Trade Agreement of 2005

• Sarbanes-Oxley Act

• None of the Above

What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?

• Prevent insider trading

• Guarantee the accuracy of financial reporting

• Engage in strategic management

• Oversee the implementation of ethical standards