Question
lusace 33% 3:52 PM Page 1 of 9 PRACTICE EXAM 2 BUS 124 MULTIPLE CHOICE QUESTIONS Chapter4 1) The concepto is besl summanzed by the slatement Tell the truh, the whole truth, and nothing but the ruth" A) whistleblowing D) philanthropy 2) Beliefs about what is 'right and "wrong that guide our behavior are called. A) conficts B) mandates C) expectations D) ethics E) laws 3) The CEO of a pharmaceutical firm learns that the FDA is going to deny approval for one of the company's drugs. He knows this wl have a negative effect on the company's stock, so he quickly tells his broker to sell all of his shares of stock in the company before the news is announced. This is an example of A a code of ethics B whistetlowing C) iitarianism D) strategc CSR E) insider tracing 4) The three factors that have the greatest impact on business ethics are A) knowledge, organizational behavior and race. B) cultural ciflerences, knowledge, and organizational behavior C) knowledge, organizational behavior, and markel demands. D) cultural ilerences, race, and market demands E) cultural differences, race, and age. 5) A A) defines the values and principles that should be used to guide an organization's decisions. employee procedure policy B) limited liability agreement C) code of ethics E) statement of corporate opportunity 6) A company insider's disclosure that exposes illegal or unethical behavior by others within the organization is A insider tracing B) lleal C) unethical E) philanthropic ) All of the following would likely be addressed in a company's Code of Ethics EXCEPT. A) ethical conduct c) proritatility D) air dealing E) conficts of interest 8) Ethical decisions can be categorized as either: A) ethical leap? ethical lapses B) ethical rdes ethical traditions C) ethical lapsesi elhical rules D) ethical dilemmas ethical lapses E) ethical behaviors ethical leaps 9) Asituation in which you must chocse between two conllicling bul arguably valid altematives would be knoam as aln) B) C) conflict of interest ethical dlemma
Explanation / Answer
NOTE: Chegg guidelines requires us to answer the first 4 questions only.
1. The concept of transparency is best summarized by the statement, "tell the truth, the whole truth, and nothing but the truth".
Telling the truth makes things transparent. So, inorder to show transparency, only truth shall be disclosed.
2. Beliefs about what is "right" and "wrong" that guide our behaviour are called ethics.
The dictionary meaning of ethics says, "moral principles that govern a person's behaviour or the conducting of an activity." Thus, the beliefs about what is "right" and "wrong" that guide our behaviour are called ethics.
3. The CEO of a pharmaceutical ............................ This is an example of insider trading.
Insider Trading means "the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information." The CEO having confidential information about the company acted on that to make profit(or avoid loss). Thus, this is insider trading.
4. The three factors that have the greatest impact on business ethics are cultural differences, knowledge, and organizational behavior
The aforementioned factors have the greates impact on business ethics as these mould the organisation and it's people.
