Quiz 2 - Business Management / Unit 2 - Leadership Requirements

Which answer is NOT a way to determine if an action is ethical?

• Rely on the organization’s established code of conduct or ethics.

• Call the corporation’s ethics hotline.

• Use the “light of day” test.

• Proceed if no one is watching or likely to care.

Which statement is NOT an advantage of corporate social responsibility?

• Corporations are easily able to define the most pressing needs and manage social programs.

• Corporations have social responsibility because they often cause the problems that need solving.

• As part of society, corporations have an obligation to contribute.

• Corporations have resources that individuals do not.

____ is a system of ethical behavior in which acceptable behavior is defined by the views and behaviors of other relevant people.

• Relativism

• Utilitarianism

• Universalism

• Egoism

Social responsibility is ____.

• an organization’s responsibility to protect and give back to society

• an executive’s obligation to donate a portion of his salary

• the government’s obligation to regulate organizations

• an employee’s obligation to volunteer outside of work

Unselfishly donating time, money, or goods to a charitable cause is ____.

• initiative

• society

• publication

• philanthropy

A(n) ____ is a situation in which moral implications shape an individual’s decisions.

• moral dilemma

• ethical issue

• revelatory issue

• situational imperative

Which of the following is NOT true about the Sarbanes-Oxley Act of 2002?

• It requires companies to establish internal controls for financial reporting.

• It was enacted to increase corporate accountability.

• It exempts small companies from compliance.

• It imposes penalties for fraudulent financial activity.

_____ is/are one's system of principles and morals.

• Ethics

• Habits

• Skills

• Beliefs

What is the meaning of 'Formality'?

• Formality refers to the rigid observance of rules or conventions, especially in social or official matters.

• Formality means being informal in all situations.

• Formality is the act of ignoring all rules and customs.

• Formality refers to a casual approach in official matters.

What is the meaning of 'Criteria'?

• Criteria are standards or principles by which something is judged or decided.

• Criteria are a type of mathematical equation.

• Criteria are a form of government.

• Criteria are a type of food ingredient.