Module 6

Question 1

This principle of ethics is about doing what is right.

Answer 1

Imperative principle

Question 2

This principle of ethics says to do what is right but filter action by considering consequences.

Answer 2

Generalization argument

Question 3

This principle of ethics says to do what produces the greatest good.

Answer 3

Utilitarian principle.

Question 4

This is the branch of philosophy that addresses the values pertaining to human behavior, with regard to the “rightness” and “wrongness” of actions and to the “goodness” and “badness” of the intent and results of such actions.

Answer 4

Ethics

Question 5

This is the adherence to moral and ethical principles, soundness of moral character, and honesty. In practical terms, it is knowing what is right and having the courage to do it.

Answer 5

Integrity

Question 6

This is published each year by Transparency International, providing metrics to the potential corruption risk for most of the world’s countries.

Answer 6

Corruption Perceptions Index (CPI)

Question 7

What does FCPA stand for?

Answer 7

Foreign Corrupt Practices Act

Question 8

This is a company’s obligations to society, including the welfare of people and places affected by company activities.

Answer 8

Corporate Social Responsibility (CSR)

Question 9

This principle is about considering what would be the consequences if everyone made the same choice that you are about to make.

Answer 9

Principle of consistency

Question 10

This principle is about choosing the alternative that treats people with the greatest respect.

Answer 10

Principle of respect

Question 11

To ensure integrity at exxonmobil, a substantial majority of their BOD are _____________.

Answer 11

Non-employees

Question 12

This was a major global provider of electricity, natural gas, pulp and paper, and communications services.

Answer 12

Enron Corporation

Question 13

This is the law that is the result of the Enron scandal. It is passed for financial accounting and reporting transparency.

Answer 13

Sarbanes-Oxley Act of 2002

Question 14

This company underreported line costs as assets rather than expensing them and they also fraudulently overstated revenues.

Answer 14

WorldCom

Question 15

This was a a French-based multinational corporation with operations in music, television and film, publishing, telecommunications, the Internet, and video games.

Answer 15

Vivendi

Question 16

This is as Italian-based multinational corporation specializing in dairy and food products.

Answer 16

Parmalat

Question 17

This resulted from secret leasing of oil reserves to a businessman who paid Secretary of the Interior Albert Fall hundreds of thousands of dollars in zero-interest loans.

Answer 17

Teapot Dome scandal

Question 18

This is a fraud in which money received from later investors is used to provide returns to earlier investors, thus giving an appearance of a profitable investment.

Answer 18

Ponzi scheme

Question 19

Who first perpetrated the Ponzi scheme?

Answer 19

Charles Ponzi

Question 20

What are the fundamentals of ethics education?

Answer 20

Personal integrity
Corporate governance
Ethical leadership
Ethical decision-making
Responsibility of business in society

Question 21

This is a system of rules and procedures designed to ensure the accuracy and reliability of financial and accounting information.

Answer 21

Internal Controls

Question 22

This is a system of rules and procudures designed to ensure the accuracy and reliability of financial and accounting information.

Answer 22

Internal controls

Question 23

The FCPA consists of two parts. What are these?

Answer 23

Anti-bribery
Requirement to maintain adequate internal control

Question 24

The SOX increased the prison sentence for fraud to how many years?

Answer 24

25 years

Question 25

The SOX established how long of a sentence for destroying, altering, or fabricating records in federal investigations, or any scheme to defraud shareholders.

Answer 25

20

Question 26

This refers to the standards of conduct that guide companies and their employees to make decisions and interact with customers, stakeholders, and society.

Answer 26

Business ethics

Question 27

This reflects a company's efforts to balance profitability with social and environmental responsibilities.

Answer 27

Corporate Social Responsibility

Question 28

This is the conscious effort to adapt, integrate, and emulate the principles of ethics to guide decisions and behavior in all aspects of professional and personal life.

Answer 28

Leadership

Question 29

This is holding yourself and others responsible for their actions.

Answer 29

Accountability

Question 30

This is doing the right thing and striving to hold themselves to a higher standard.

Answer 30

Integrity

Question 31

This is about fostering ethical behavior and environments in the workplace. It states that everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.

Answer 31

Respect for others

Question 32

This states that the truth in all matters is key to fostering an ethical climate.

Answer 32

Honesty

Question 33

This is about enforcing all laws in ethical leadership.

Answer 33

Respect for laws

Question 34

This promote ownership within an organization, allow employees to be responsible for their work, and be accountable for yours.

Answer 34

Responsibility

Question 35

This is about ensuring information about their financials, price changes, hiring and firing practices, wages and salaries, and promotions are available to those interested in the business' success.

Answer 35

Transparency

Question 36

This is about treating the community surrounding a business with concern for their well-being.

Answer 36

Compassion

Question 37

This states that everyone should have the same opportunities and be treated the same.

Answer 37

Fairness

Question 38

This is one's commitment to their employees and the company.

Answer 38

Loyalty