HRM 522 Week 5 Midterm Exam Part 1 Question 1 Principles are Answer laws and regulations that guide.

HRM 522 Week 5 Midterm Exam Part 1
Question 1Principles areAnswerlaws and regulations that guide behavior in the world of business.mores, values, and customs that guide behavior in general.specific and pervasive boundaries for behavior that are universal and absolute.the obligations businesses assume to maximize their positive impact andminimize their negative impact on stakeholders.the mores, values, and customs that parents teach their children.Question 2Ethics is a part of decision makingAnswerat all levels of work and management.primarily at the upper management levels of an organization.mostly for policy makers.that is less important than other decision making processes.only at that lower levels of organizational managementQuestion 3Which of the following is not something a firm might do to encourageorganizational ethics and compliance?AnswerEmployee ethics trainingHiring a compliance officerIgnoring potential ethical issuesWriting a code of ethicsConducting an ethics and compliance auditQuestion 4During the 1990s the institutionalization of business ethics was largely drivenby which piece of legislation?AnswerSarbanes-Oxley ActFederal Sentencing Guidelines for OrganizationsDodd-Frank Wall Street Reform and Consumer Protection ActForeign Corrupt Practices ActGlobal Sullivan PrinciplesQuestion 5Having acceptable personal ethics is probably not going to be sufficient tohandle complex business ethical issues when an individual hasAnswerfamily concerns.an unethical boss.limited business experience.financial training.a marketing backgroundQuestion 6Which of the following is generally not considered a business ethics issue?AnswerHarassmentAccounting fraudEmployee theftMisuse of organizational resourcesCorporate hierarchyQuestion 7Social responsibility isAnsweran organization’s obligation to maximize its positive effects and minimize itsnegative effects on stakeholders.principles and standards that guide behavior in the world of business.a business’s responsibility not to pollute the environment.a business’s responsibility to manufacture products that function properly.charitable contributions made by a business to enhance its imageQuestion 8Investors are concerned about business ethics because they know that misconductcanAnswerfoster stability.improve employee commitment.improve customer loyalty.lower stock value and prices.complicate business financial reportingQuestion 9Which of the following industries tends to generate a high level of trust fromconsumers and stakeholders?AnswerInsuranceTechnologyBanksMortgage lendersFinancial servicesQuestion 10Stakeholders’ power over businesses stems from theirAnswerability to withdraw or withhold resources.ability to generate profits.media impact.political influence.stock ownershipQuestion 11Why do critics argue that high compensation for boards of directors is a badthing?AnswerIt is too expensive for the organization.It could cause conflicts of interest between the directors and theorganization.It is not fair to poorly compensated employees.High pay will render the board less complacent.Board of director compensation is not a major issueQuestion 12Which of the following is not a method typically employed by firms whenresearching relevant stakeholder groups?AnswerSurveysFocus groupsInternet searchesPress reviewsGuessingQuestion 13The degree to which a firm understands and addresses stakeholder demands can bereferred to asAnswera stakeholder orientation.a shareholder orientation.the stakeholder interaction model. d. a two-way street.e. a continuum.Question 14One policy to address the issue of executive pay was implemented by J.P.Morgan, it stated that _______.Answerthere should be no limit on what top executives can earn.managers should earn no more than twenty times the pay of other employees.top managers should make the same amount as other employees.employees can determine how much managers make.the government should determine the worth of each manager’s serviceQuestion 15Public health and safety and support of local organizations are issues mostrelevant to which stakeholder group?AnswerInvestorsCommunitySuppliersCustomersEmployeesQuestion 16The originator of the idea of the invisible hand, which is a fundamentalconcept in free market capitalism, wasAnswerAdam Smith.Theodore Levitt.Norman Bowie.Herman MillerMilton FriedmanQuestion 17________ is defined as any purposeful communication that deceives, manipulates,or conceals facts in order to create a false impression.AnswerStealingLyingFraudMisappropriationAccounting fraudQuestion 18Among retail stores, ________ is a larger problem than customer shoplifting.Answerpoor stock performanceweak leadershipinternal employee theftmisuse of merchandiseemployee dissatisfactionQuestion 19________ are used to obtain or retain business and are not generally consideredillegal in the U.S.AnswerFacilitation paymentsBribesGiftsCoercive techniquesThreatsQuestion 20What type of fraudulent activity could involve a consumer staging an accidentto seek damages?AnswerWhackingDuplicityGuileDefamationCollusionQuestion 21Abusive or intimidating behavior is the most common ethical problem foremployees. Which of the following is not related to this concept?AnswerPhysical threatsFalse accusationsBeing annoyingProfanityPerformance probationQuestion 22Which of the following is not a consequence of ethical misconduct?AnswerDecreased reputationShaken customer loyaltyReduced investor confidenceIncreased salesLegal actions by wronged partiesQuestion 23Optimization is defined asAnswerthe quality of being just, equitable, and impartial.a trade-off between equity and efficiency.an interchange of giving and receiving in social relationships.how wealth or income is distributed between employees within a company.a lack of integrity, incomplete disclosure, and an unwillingness to tell thetruthQuestion 24Which of the following is not a side-effect of being the victim of workplacebullying?AnswerIncreased productivitySleep disturbanceDepressionIncreased sick daysStomach problemsQuestion 25Concerns involving copyright infringement on books, movies and music, and otherillegally produced goods relate to which type of ethical issue?AnswerConflict of interestHonestyCommunicationsDiscriminationIntellectual property rightsHRM 522 Week 5 Midterm Exam Part 2Question 1The ________ was called “a sweeping overhaul of the financial regulatorysystem…on a scale not seen since the reforms that followed the GreatDepression.â€AnswerEqual Pay ActAmericans with Disabilities ActDodd-Frank Wall Street Reform and Consumer Protection ActAge Discrimination in Employment ActVII of the Civil Rights ActQuestion 2________ law not only prohibits specific actions in business such as fraud, theft,or securities trading violations, but also imposes fines or imprisonment aspunishment for breaking the law.AnswerCivilCriminalCompetitiveAdministrativeRegulatoryQuestion 3________ is the synergistic and mutually beneficial use of an organization’score competencies and resources to deal with key stakeholders so as to bringabout organizational and societal benefits.AnswerSocial responsibilityBusiness ethicsCorporate philanthropyStrategic philanthropyCause-related marketingQuestion 4The ________ of ethics involves embedding values, norms, and artifacts inorganizations, industries, and society.AnswerinstitutionalizationrationalizationcommercializationmobilizationenforcementQuestion 5The ________ regulates tobacco, dietary supplements, vaccines, veterinarydrugs, medical devices, cosmetics, products that give off radiation, andbiological products.AnswerWorld Trade OrganizationConsumer Financial Protection AgencyDepartment of JusticeEnvironmental Protection AgencyThe Food and Drug AdministrationQuestion 6Which is not one of the four sources of criminal and civil laws?AnswerJudicial lawCommon lawConstitutional lawAdministrative lawStatutory lawQuestion 7Title VII of the Civil Rights Act of 1964Answerprohibits discrimination on the basis of race, color, sex, religion, ornational origin.penalizes the top executives in an organization for misconduct.is basically the same as the Sarbanes-Oxley Act.discourages whistle-blowers from reporting misconduct.prohibits pay discrimination on the basis of genderQuestion 8Companies that ________ will most likely be found in violation ofprocompetitive legislation.Answerpollute waterwaysknowingly harm consumerscontract with sweatshopsestablish monopolieshelp consumersQuestion 9The ________can be defined as a set of values, norms, and artifacts, includingways of solving problems shared by members of an organization.Answercorporate cultureintentions of a corporateethical issue awarenessdetermination of a corporationindividual factorsQuestion 10Which of the following is not considered a significant other group in theworkplace?AnswerPeersManagersSpousesCoworkersSubordinatesQuestion 11______ have been found to decrease unethical practices and increase positivework behavior.AnswerHigh educational attainment levelsHigh levels of community involvementCharismatic leadersStrong religious beliefsGood personal valuesQuestion 12For people who begin the value shift that leads to unethical decisions, whichof the following is not a usual justification to reduce and eliminate guilt?AnswerI need a paycheck and can’t afford to quit right now.Those around me are doing it so why shouldn’t I?If I don’t do this, I might not be able to get a good reference from my bosswhen I leave.If I don’t do this, I might never be promoted.This is in keeping with my personal morals and the code of conduct, so it isokay.Question 13Which of the following is the first step in the ethical decision makingprocess?AnswerBeing socialized into the firm’s corporate cultureApplying a personal moral philosophy in order to individualize the ethicaldecision making processRecognizing that an issue requires an individual or work group to make a choicethat ultimately will be judged by stakeholders as right or wrongSoliciting the opinions of others in a work group or in the overall business inorder to gain feedbackEnforcing the firm’s ethical standards with rewards and punishmentQuestion 14The ________ includes the motivational “carrots and sticks” superiorsuse to influence employee behavior.AnswerObedience to authorityImmediate job contextLocus of controlNormative approachDescriptive approachQuestion 15Employees that see themselves as going with the flow because that’s all theycan do have a(n)Answerexternal locus of control.moral intensityobedience to authorityopportunityinternal locus of controlQuestion 16________ is the ability to perceive whether a situation or decision has anethical dimension.AnswerEthical issue intensityLocus of controlEthical awarenessMoral intensityOpportunityQuestion 17________ have lower ethical issue sensitivity, meaning they are less likely todetect ethical issues. They may be more committed to completing projects andmore dedicated to group values and objectives.AnswerRelativistsHedonistsPragmatistsDeontologistsTeleologistsQuestion 18Enlightened egoismAnsweris when an individual puts spiritual feelings above all others.centers completely on the short-term well-being of others.centers on one’s short-term self-interest.centers on one’s long-term self-interest but takes others’ well-being intoaccount.centers on the long-term well-being of othersQuestion 19________ believe that no one thing is intrinsically good.AnswerHedonistsPluralistsRelativistsDeontologistsTeleologistsQuestion 20An individual who emphasizes others rather than himself or herself in makingdecisions is in which of the following of Kohlberg’s stages of development?AnswerUniversal ethical principles (6th stage)Mutual interpersonal expectations, relationships, and conformity (3rd stage)Social system and conscience maintenance (4th stage)Punishment and obedience (1st stage)Prior rights, social contract, or utility (5th stageQuestion 21Which moral philosophy evaluates the morality of an action on the basis of itsconformity to general moral principles and respect for individual rights?AnswerThe relativist perspectiveAct utilitarianismRule utilitarianismAct deontologyRule deontologyQuestion 22Which is the last of Kohlberg’s stages of cognitive moral development?AnswerIndividual instrumental purpose and exchangeNeed achievementSocial system and conscience maintenancePunishment and obedienceUniversal ethical principlesQuestion 23An individual who believes that an action is ethical because others within hisor her company and industry regularly engage in the activity is probably a(n)Answerutilitarian.relativist.teleologist.deontologist.egoist.Question 24________ justice considers the processes and activities that produce theoutcome or results.AnswerDisruptiveProceduralInteractionalCommunicationsEvaluativeQuestion 25According to Kohlberg’s model, as a person progresses through the stages ofmoral development, and with time, education, and experience, he/sheAnsweris unlikely to change his/her values and ethical behavior.may change his/her values and ethical behavior.will likely be promoted.will depend more on the input of significant others in ethical decision making.will experience less opportunity to behave unethically.