Ethics and Business New
Ethics and Business New
Ethics and Business New
Select one:
a. False
b. True
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Ethics is the ideology about right and wrong in the workplace distinguished by social notions of the
moral actions of people.
Select one:
a. False
b. True
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It sets the manner by which the company operates on a daily basis.
Select one:
a. Manager
b. Society
c. Management
d. Employees
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Practical reason is concerned with matters of fact and their explanation of value while theoretical
reason is concerned with matters of value abd their explanation.
Select one:
a. False
b. True
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The theory of social responsibility and ethics only applies in a group context.
Select one:
a. True
b. False
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It pertains to effort to meet stakeholder expectations for business activities.
Select one:
a. Ethical Practice
b. Law Objective
c. Organization Objective
d. Government Practice
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It sets the manner by which the company operates on a daily basis.
Select one:
a. Management
b. Manager
c. Employees
d. Society
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When one stays loyal at the organization, and accomplish tasks based on honesty and integrity that
the whole company benefits.
Select one:
a. Organization ethics
b. Leadership ethics
c. Management ethics
d. Employee ethics
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Laws can never be morally wrong or unethical.
Select one:
a. True
b. False
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There are five types of ethical standards: utilitarian, rights, fairness or justice, common good, and
virtue.
Select one:
a. False
b. True
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It suggests that linked relationships of society are the foundation of ethical reasoning and that
reverence and concern for all others are conditions of such grounds.
Select one:
a. The Virtue Approach
b. The Common Good Approach
c. The Equality Approach
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Inattentional blindness
Select one:
a. All answers are correct.
b. occurs when decision-makers fail to see gradual changes over time.
c. results from focusing on failures.
d. is a shortsightedness of values
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Ethics refers to
Select one:
a. standards of behavior that tell us how people should act in the many situations in which they find
themselves.
b. religion and spiritual well-being.
c. morals, values, principles and convictions.
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Vital decisions are easy to make with many people. Different personalities interfere with reason and
argument.
Select one:
a. False
b. True
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Previous page
Select one:
a. All answers are correct
b. an idealistic search for silver-bullet solutions
c. to many people involved
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They are accountable for ethical conduct of employees.
Select one:
a. Managers
b. Organization
c. Officers
d. Administration
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Previous page
Select one:
a. Individuals have a right to live with safety
b. Individuals have a right to procedural justice
c. Individuals have a right to treat differently
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The Virtue Approach is ethical actions consistent with beliefs and habits that enable us to act
according to the best of our character and on behalf of values like honesty and truth.
Select one:
a. True
b. False
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Below are true statements about ethics except one.
Select one:
a. Ethics does not mean just following the law
b. Ethics and feelings are not the same
c. Ethics is not practical
d. Ethics is not religion
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There are several factors that play a part in the success of a company that extend beyond the range
of financial statement except for one.
Select one:
a. Justice and Law
b. Organization Culture
c. Management Philosophy
d. Ethics in Business
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There are mistakes account for the vast majority of poor decisions except for one.
Select one:
a. Too many people involved
b. Failure to consider opportunity cost.
c. Evaluate alternative actions
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Some beliefs are relatively ethical, but others become corrupt or oblivious to certain ethical matters.
Select one:
a. Ethics ad feelings are not the same
b. Ethics is not religion
c. Ethics does not only mean pursuing traditionally accepted norms
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It provides relevant insight for our choices.
Select one:
a. Ethics
b. Law
c. Feelings
d. Norms
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Business ethics is an instrument organizations use to guarantee managers, directors, or executive
officers act responsibly in different business situations.
Select one:
a. True
b. False
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There are several factors that play a part in the success of a company that extend beyond the range
of financial statement except for one.
Select one:
a. Ethics in Business
b. Organization Culture
c. Management Philosophy
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There is a vital relationship between integrity and ethics.
Select one:
a. True
b. False
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It occurs when decision-makers fail to see gradual change over time.
Select one:
a. Normative myopia
b. Ethical Issue
c. Change blindness
d. Inattentional blindness
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Integrity is an obligation, not a choice.
Select one:
a. False
b. True
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It is considered as applied ethics discipline that focuses on the moral aspects concerning business
activity.
Select one:
a. Business Ethics
b. Leadership Ethics
c. Decision-Making Ethics
d. Employee Ethics
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They are the one who make better decisions efficiently with business ethics as a governing standard
and increases productivity and overall morale.
Select one:
a. Organization
b. Employee
c. Management
d. Leader
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Previous page
Ethical decision-making seeks to benefit the company as a whole, instead of allowin just one
individual gain from business decisions.
Select one:
a. True
b. False
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BUSINE
BUSINESS ETHICS
It is the applied ethics discipline that focuses on the moral aspects concerning business activity.
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Some beliefs are relatively ethical, but others become corrupt or oblivious to certain ethical matters.
Select one:
a. Ethics ad feelings are not the same
b. Ethics is not religion
c. Ethics does not only mean pursuing traditionally accepted norms
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Which of the following is TRUE about ethics?
Select one:
a. Ethics and feelings are the same.
b. Ethics means to follow the law.
c. Ethics requires pursuing traditionally accepted norms.
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Previous page
Decisions taken within an organization may be made by individuals or groups, but whoever makes
the decisions will be affected by the culture of the company.
Select one:
a. False
b. True
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Previous page
Employees who do not work for an organization that requires a high standard of business ethics in
all aspects of operations tend to complete their job duties at a higher level and stay loyal to that
organization.
Select one:
a. True
b. False
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Previous page
It is considered as the instrument which organizations use to guarantee managers acts responsibly
in different business situations
Select one:
a. Business Ethics as Decision-making
b. Business Ethics as Personal Integrity
c. Business Ethics as Social Responsibility
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It emphasizes that human beings have basic rights and liberties that cannot be taken away by
decision.
Select one:
a. Rights Approach
b. Common Good
c. Utilitarian Approach
d. Fairness or Justice Approach
e. Virtue Approach
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Working for an organization does not require following an ethical framework when making decisions.
Select one:
a. False
b. True
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When the current management principles is not based on ethical practices and behavior, leaders
within an organization can instruct employees by example and guide them in making decisions.
Select one:
a. True
b. False
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UTILITA
UTILITARIAN ETHICS
It is a principle that seeks to do the most good and restrict the amount of harm for each individual.
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It occurs when decision-makers fail to see gradual changes over time.
Select one:
a. Normative myopia
b. Inattetional blindness
c. Change blindness
d. No correct answer
Check
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It is a judgement about right and wrong.
Select one:
a. Leadership
b. Decision-making
c. Moral
d. Ethics
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Under this approach, promotes greatest good for vast majority.
Select one:
a. The Fairness or Justice Approach
b. The Utilitarian Approach
c. The Common Good Approach
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Previous page
Select one:
a. Guidance
c. Assessment
Feedback
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Question 2
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This approach is a common normative standard of conduct, holding that a specific decision or action
is good for all every time and everywhere.
Select one:
a. Character Approach
b. Principle Approach
c. Utilitarian Approach
d. Rights Approach
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Question 3
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It emerge when individuals or groups need to pick between contending values, choosing one value
over another.
Select one:
a. Conflict
b. Moral dilemmas
c. Business challenges
d. Problem
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Question 4
Correct
Question text
Select one:
a. Justice Approach
b. Character Approach
c. Principle Approach
d. Rights Approach
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Question 5
Correct
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Select one:
a. Guidance
b. Assessment
Feedback
Correct
Question 6
Correct
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Intelligent and good-hearted people all share the same values and hold similar opinions about which
values should abound.
Select one:
True
False
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Question 7
Correct
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People using the principle approach often ask such questions as "What's the bottom line?" "What
effect will this have?" "What good will this bring about?" and "Will this help in the long run?"
Select one:
True
False
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Question 8
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It emerge when individuals or groups need to pick between contending values, choosing one value
over another.
Select one:
a. Conflict
b. Business challenges
c. Moral dilemmas
d. Problem
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Question 9
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The virtue framework addresses the elements of individual characters and disposition which deepen
one's humanity and engender one's relationships with other.
Select one:
True
False
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Question 10
Correct
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Rule utilitarianism is usually deemed as the most natural interpretation of the utilitarian ideal.
Select one:
True
False
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LongQuiz 1
Cultural norms are the shared, approved, and incorporated structures of beliefs and practices that
are handed down through generations and typify a cultural group.
Select one:
a. True
b. False
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The principle approach is the most familiar since most ethics education is based on principles.
Select one:
a. False
b. True
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Question 3
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Cultural norms are the shared, approved, and incorporated structures of beliefs and practices of
cultural group.
Select one:
True
False
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Question 4
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The challenge of resolving moral approaches is intensifies by the problem that people have similar
approaches to moral decision-making.
Select one:
a. True
b. False
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Question 5
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When expectation is earned with subordinates, leaders gain the loyalty of their people.
Select one:
True
False
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Question 6
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An individual who uses the Principle approach believes that an action or decision is right or wrong
regardless of the consequences.
Select one:
a. True
b. False
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The correct answer is: True
Correct
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Question 7
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The Character approach analyzes the intentions, inclinations, and motives of a person or group, and
then creates a moral judgment of the character of said person or group.
Select one:
a. False
b. True
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Question 8
Correct
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Which of the following is NOT true about corporate culture?
Select one:
c. No correct answer.
Feedback
The correct answer is: Some businesses project corporate culture as not static
Correct
Question 9
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The most effective leaders use their influence to shape corporate culture and motivate ethical
conduct.
Select one:
True
False
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Question 10
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Select one:
a. No correct answer
b. Transparency
c. Sarbanes-Oxley
d. Balance
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Question 11
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It employs legal terms, rules of conduct, training, and penalties for non-compliance.
Select one:
a. Value-based cultures
b. Compliance-based system
c. Tactical transparency
d. Balance
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Question 12
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Which of the following is NOT true about the 2002 Sarbanes-Oxley Act (SOX)?
Select one:
a. The most effective leaders use their influence to shape corporate culture and motivate ethical
conduct.
b. It was enacted as a response to the 2002 financial scandals at Enron and WorldCom that
enriched executives and defrauded stakeholders
c. Among the specific rules that SOX outlines is separating the roles of board chairman and chief
executive officer (CEO)
d. SOX requires codes of ethics be registered with the Securities and Exchange Commission (SEC).
Feedback
The correct answer is: The most effective leaders use their influence to shape corporate culture and
motivate ethical conduct.
Correct
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Question 13
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RULE U
Answer It mainly poses the question: What effect would everyone doing this action
have on the general balance of good over evil?
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Question 14
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Unlike rule utilitarians who try to maximize overall utility by applying the utilitarian principle to
individual acts, act utilitarians maintain that one can maximize utility only by setting up a moral code
that consist of rules.
Select one:
a. False
b. True
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Question 15
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When expectation is earned with subordinates, leaders gain the loyalty of their people.
Select one:
True
False
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There will be no parameters limiting what a person will or will not do if virtues did not exist.
Select one:
a. False
b. True
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Question 17
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Moral dilemmas emerge when individuals or groups need to pick between contending values.
Select one:
a. False
b. True
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Question 18
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Tostudy an issue using utilitarian approach, first, ask who will be affected by each action and what
gains and harms will be assumed from each.
Select one:
a. False
b. True
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Question 19
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Ethics is the collective of goals, attitudes, values, and customs shared by individuals in a group,
organization or society.
Select one:
True
False
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Question 20
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Ethics is the collective of goals, attitudes, values, and customs shared by individuals in a group,
organization or society.
Select one:
True
False
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Question 21
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This is a constant and continuous effort, it includes subjective and objective measures that
monitor corporate culture.
Select one:
a. Monitoring
b. Checking
c. Auditing
d. Assessing
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Question 22
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Question text
Select one:
a. Law
b. Culture
c. Ethics
d. Responsibilities
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Question 23
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It is to anchor in missions worthy of commitment and the values that significantly connects and
enable to genuinely interact with the world.
Select one:
Feedback
The correct answer is: Create a long-term vision guided by core values
Correct
Question 24
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A person who always makes use of the Character Approach will likely be considered dogmatic and
hard to get along with.
Select one:
a. False
b. True
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Question 25
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Ensure that all reports will be dealt with appropriately from the start.
Select one:
a. Encourage Integrity
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MIDTERM EXAM
Select one:
b. Assessment
c. Guidance
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BEcause people already know right from wrong, the study of business ethics is simply an
unprofitable exercise.
Select one:
a. True
b. False
Question 3
Complete
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Under of this, determines how the world should be and what individuals should do.
Select one:
a. Decision-making
b. Leadership
c. Business Ethics
d. Practical reason
Question 4
Complete
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Select one:
Question 5
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Select one:
Question 6
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It was developed by Jeremy Bentham and John Stuart Mill to help lawmakers decide which laws
were morally best.
Select one:
a. Ethical Consequences
b. Utilitarianism
c. Humanism
d. Making Decisions
Question 7
Complete
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Under of this, determines how the world should be and what individuals should do.
Select one:
a. Practical reason
b. Business Ethics
c. Decision-making
d. Leadership
Question 8
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Leadership determines how the world should be and what individuals should do.
Select one:
True
False
Question 9
Complete
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When one stays loyal at the organization, and accomplish tasks based on honesty and integrity that
the whole company benefits.
Select one:
a. Employee ethics
b. Organization ethics
c. Leadership ethics
d. Management ethics
Question 10
Complete
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Which of the following reasons accounts for the dominance of utilitarianism among policy makers
and administrators?
Select one:
c. No correct answer
f. Policy experts at all levels are focused on results and getting things done.
Question 11
Complete
Question text
When one stays loyal at the organization, and accomplish tasks based on honesty and integrity that
the whole company benefits.
Select one:
a. Management ethics
b. Organization ethics
c. Employee ethics
d. Leadership ethics
Question 12
Complete
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Select one:
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They are the one who make better decisions efficiently with business ethics as a governing standard
and increases productivity and overall morale.
Select one:
a. Organization
b. Management
c. Employee
d. Leader
Question 14
Complete
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Culture protrays the ethical and moral beliefs and standards that articulate how people should
behave and interact with one another.
Select one:
a. False
b. True
Question 15
Complete
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Management sets the manner by which the company operates on a daily basis.
Select one:
True
False
Question 16
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The major reason to study ethics is that whether or not we examine the questions What should I do?
or What type of person should I be? or How shall we live in community? we answer them in the
course of living our everyday lives.
Select one:
a. True
b. False
Question 17
Complete
Question text
It is considered as the instrument which organizations use to guarantee managers acts responsibly
in different business situations
Select one:
Question 18
Complete
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This is a constant and continuous effort, it includes subjective and objective measures that
monitor corporate culture.
Select one:
a. Checking
b. Assessing
c. Auditing
d. Monitoring
Question 19
Complete
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One of the types of ethical standards that protects and respects the moral rights of individuals when
it comes in decision-making.
Select one:
Question 20
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If something is seriously wrong, the law will prohibit it. Consequently, it is enough to rely on the law
for deciding what is right or wrong.
Select one:
a. False
b. True
Question 21
Complete
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Select one:
b. No act is ever morally right or wrong in all cases ever morally right or wrong in all cases, in every
situation. It will depend on the consequences of the act.
c. Adhering to a set of principles may well forbid an act that would otherwise provide overall net
good consequences.
d. Some actions like murder, theft, rape, and lying are wrong of their very nature, the kind of acts
they are. No amount of net good consequences could ever justify them.
Question 22
Complete
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Cultural norms are the shared, approved, and incorporated structures of beliefs and practices of
cultural group.
Select one:
True
False
Question 23
Complete
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Business Code of Ethics defines acceptable behavior and promote high standards of practice.
Select one:
a. False
b. True
Question 24
Complete
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Select one:
a. Controls departments in companies, or guide the people who work for them.
b. Controls the activities, business dealings, and other aspects of the career
c. In-charge of the activities, tactics, and training inside the business
Question 25
Complete
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Select one:
a. Ethics
b. Culture
c. Responsibilities
d. Law
Question 26
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Select one:
a. Justice Approach
b. Character Approach
c. Principle Approach
d. Rights Approach
Question 27
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Select one:
Question 28
Complete
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Character is a common normative standard of conduct, holding that a specific decision or action is
good or true or right for all every time and everywhere.
Select one:
a. True
b. False
Question 29
Complete
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It is to anchor in missions worthy of commitment and the values that significantly connects and
enable to genuinely interact with the world.
Select one:
Question 30
Complete
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It refers to standards of behavior that tell how people should act in many situations.
Select one:
a. Moral
b. Rights
c. Ethics
d. Law
SHORT QUIZ 4
Select one:
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Social Responsibility is a business principle which emphasizes the need for companies to behave as
good corporate citizens.
Select one:
True
False
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Question 3
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Select one:
True
False
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Question 4
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Administration set the tone for how business will be conducted in the community.
Select one:
True
False
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Question 5
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Select one:
a. A social approach to ethics assumes that most people will behave in accordance when there is a
risk of them being caught
cultures
d. A social approach to ethics is broadly similar across North American and European countries
Feedback
The correct answer is: A social approach to ethics acknowledges that ethical considerations vary
between cultures
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Question 6
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a. Legal
b. Ethical
c. Caretaker
d. Economic
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Question 7
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Select one:
a. community
b. government
c. enforced
d. voluntary
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The correct answer is: voluntary
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Question 8
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Which of the following is NOT a way that companies can demonstrate social responsibility?
Select one:
c. Maximizing profits
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Question 9
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Select one:
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Question 10
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Select one:
a. A major problem with getting firms to operate ethically and responsibly is that the costs of not
doing so are generally only a very small percentage of their turnover.
b. Many major companies demonstrate their commitment to ethical and responsible business
through the publication of a special annual report highlighting such issues.
c. There is growing trend for investors and employees to seek out ethical companies for investment
and employment.
d. Businesses that operate ethically and responsibly will attract more customers and make higher
profits than those businesses that do not.
Feedback
The correct answer is: There is growing trend for investors and employees to seek out ethical
companies for investment and employment.
Correct
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Individuals who are shamed, bullied or discriminated against based on preconceived judgments of
their appearance, disabilities, or lifestyles are victims of
employment
Answer:
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Question 2
Correct
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Is a reason to fire an employment contract immediately, with no notice or severance pay is due to
the employee.
Select one:
a. Due Process
b. Ethical Issue
c. Sexual Harassment
d. Just Cause
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Question 3
Correct
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Female have the right not to be sexually harassed, but male employees do not have this right
because a man cannot be sexually harassed.
Select one:
a. False
b. True
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The correct answer is: False
Correct
Question 4
Correct
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dow ns
Answer refers to reducing the size of a company by eliminating workers and/or
divisions within the company.
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Question 5
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An induction program is not really necessary; employers can let each employee know what to expect
when they need to know.
Select one:
a. True
b. False
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Question 6
Correct
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If an employee has different religious belief and practices from his employer, he can be rightly fired
from his job.
Select one:
a. True
b. False
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Question 7
Correct
Question text
WORK
Answer alludes to the range of differences between people in a company.
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Question 8
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Select one:
a. Problem
b. Sexual harassment
c. Favoritism
d. Ethical Issue
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Question 9
Correct
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Revers
Answer It is discrimination against members of a dominant or majority group in favor
of members of a minority or historically disadvantaged group.
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Question 10
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Select one:
a. Due process
b. Liberty
c. Regulation
d. Justice
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Correct
Select one:
a. Liberty
b. Regulation
c. Due process
d. Justice
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Correct
Question 2
Correct
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Employers do not have a responsibility to their employees to protect them from discrimination and
unfair treatment in the workplace.
Select one:
a. True
b. False
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Question 3
Correct
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An employee is terminated for just cause where he has been found to have been dishonest with the
employer, such as theft of corporate property or in the participation of a competitor business.
Select one:
a. False
b. True
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affirma
Answer It has been defined as showing a preference for selecting and/or promoting
members of a demographic or minority group with a history of discrimination.
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Question 5
Correct
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Select one:
a. Downsizing
b. Due Process
c. Ethical Issue
d. Just Cause
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Question 6
Correct
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Is not legal nor ethical nor moral whether in the workplace or out of it.
Select one:
a. Just Cause
b. Ethical Issue
c. Sexual Harassment
d. Downsizing
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Correct
Question 7
Correct
Question text
Is not legal nor ethical nor moral whether in the workplace or out of it.
Select one:
a. Just Cause
b. Downsizing
c. Sexual Harassment
d. Ethical Issue
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Correct
Question 8
Correct
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CSR is a business principle which emphasizes the need for companies to behave as good corporate
citizens.
Select one:
True
False
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Question 9
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The idea of social responsibility is based on a system of ethics, in which decisions and actions must
be ethically analyzed before moving forward.
Select one:
a. False
b. True
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Question 10
Correct
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Philanthropy is a Greek word that literally means "love of the fellow human".
Select one:
True
False
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Question 11
Correct
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Ethical predicaments in the workplace are common, and they are always easy to resolve.
Select one:
a. False
b. True
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The correct answer is: False
Correct
Question 12
Correct
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Is a reason to fire an employment contract immediately, with no notice or severance pay is due to
the employee.
Select one:
a. Ethical Issue
b. Just Cause
c. Sexual Harassment
d. Due Process
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Correct
Question 13
Correct
Question text
One of the benefits of having a diverse workforce is it can provide a greater variety of solutions to
problems in service, sourcing, and allocation of resources.
Select one:
a. False
b. True
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Question 14
Correct
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Philanth
Answer It is a Greek word that literally means love of the fellow human.
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Flag question
Question text
Select one:
a. Just Cause
b. Due Process
c. Downsizing
d. Ethical Issue
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Correct
Question 16
Correct
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Question text
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Question 17
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Proprietors do not need to honor any commitments made to employees, customers or clients.
Select one:
a. True
b. False
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Question 18
Correct
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Question 19
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Companies have a corporate social responsibility is about caring for the workers, giving back to the
community, and being financially encironmentally, and socially responsible.
Select one:
a. False
b. True
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Question 20
Correct
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Is a reason to fire an employment contract immediately, with no notice or severance pay is due to
the employee.
Select one:
a. Sexual Harassment
b. Just Cause
c. Due Process
d. Ethical Issue
Feedback
Correct
Question 21
Correct
Question text
Acting in an ethical way does not concern distinguishing between right and wrong and then making
the right decision.
Select one:
a. True
b. False
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Question 22
Correct
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Considered as moral guidelines of the conduct of business established on notions of what is right
and wrong.
Select one:
a. Business ethics
d. Commitment
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Question 23
Correct
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Social ethics is an ethical ideology, in which decisions and actions must be ethically analyzed before
moving forward.
Select one:
True
False
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Question 24
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One consequence that the business owners who lack ethics and integrity may experience.
Select one:
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Question 25
Correct
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Select one:
a. Favoritism
b. Sexual harassment
c. Ethical Issue
d. Problem
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Correct
SHORT QUIZ 6
Ethical marketing is a general set of guidelines to assist organizations as they evaluate new
marketing strategies.
Select one:
True
False
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Question 2
Correct
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Sales gives data for market exchanges that adds to market efficiency and to universal happiness.
Select one:
True
False
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Question 3
Correct
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Select one:
a. False
b. True
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Question 4
Correct
Mark 1.00 out of 1.00
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Negligence can be distinguished as a failure to practice reasonable care or ordinary caution that
causes another to be harmed.
Select one:
a. True
b. False
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Question 5
Correct
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Torts is a term that is usually used in the field of law that is known by lay people as liability.
Select one:
a. False
b. True
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Question 6
Correct
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Sustainable development involves conducting business in a way that protects the environment while
making economic progress.
Select one:
a. True
b. False
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Question 7
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Sales gives data for market exchanges that adds to market efficiency and to universal happiness.
Select one:
True
False
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Question 8
Correct
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The literal translation of cave empty means Let The Buyer Beware.
Select one:
a. False
b. True
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Question 9
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Select one:
a. False
b. True
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Question 10
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Sustainable or green marketing refers to circumstances where people are subject to directed
commercial activity and are unaware of it.
Select one:
a. False
b. True
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Fiduciary duties are the legal obligations of a professional to act in the best interest of his clients.
Select one:
a. True
b. False
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Question 2
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A conflict of interest is a situation in which personal and/or financial considerations have the potential
to influence or compromise professioanl judgment.
Select one:
a. True
b. False
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Question 3
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In the Sarbanes-Oxley Act, Section 404 refers to the services outside the scope of auditors.
Select one:
a. False
b. True
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Question 4
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Refers in general to the rules, procedures, or laws whereby businesses are regulated, operated and
controlle~
Select one:
a. Corporate governance
b. Professional Duties
c. Monitoring Activities
d. Control Activities
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Question 5
Correct
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Refers in general to the rules, procedures, or laws whereby businesses are regulated, operated and
controlled.
Select one:
a. Control Activities
b. Monitoring Activities
c. Professional Duties
d. Corporate governance
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Question 6
Correct
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The financial payments and non-monetary benefits given to high level management in exchange for
their work on behalf of a company.
Select one:
a. Remuneration
b. Accounting
c. Employees Salary
d. Executive Compensation
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Question 7
Correct
Mark 1.00 out of 1.00
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The abbreviation COSO stands for The Committee of Sponsoring Organizations of the Treadway
Commission.
Select one:
a. True
b. False
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Question 8
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Based on the COSO framework, monitoring control activities are policies and procedures that
support the control environment.
Select one:
a. False
b. True
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Question 9
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Select one:
a. True
b. False
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Question 10
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Question text
In the Sarbanes-Oxley Act, Section 406 refers to codes of ethics for senior financial officers.
Select one:
a. True
b. False
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LONG QUIZ 4
The financial payments and non-monetary benefits given to high level management in exchange for
their work on behalf of a company.
Select one:
a. Remuneration
b. Executive Compensation
c. Employees Salary
d. Accounting
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This refers to the manner, the board makes decisions that impact the business' future.
Select one:
a. Duty of Care
b. Duty of Good Faith
c. Duty of Loyalty
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MARKE
MARKETING
It is a method by which a product or service is presented and promoted to possible customers.
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This provision in the Sarbanes-Oxley Act prohibits various forms of professional services that are
determined to be consulting rather than auditing.
Select one:
a. Section 201
b. Section 404
c. Section 406
d. Section 301
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This means the board is mandated to put no other causes, interests or affiliations before its loyalty to
the company and its investors.
Select one:
a. Duty of Good Faith
b. Duty of Loyalty
c. Duty of Care
d. Duties and responsibilities
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Is the communication tools and strategies that a company uses to market a product
Select one:
a. Price
b. Product
c. Promotion
d. Placement
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The heart of a business success depend on its marketing.
Select one:
True
False
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The utilitarian ethical tradition would take the agreement of the two participants as proof that both
are better off than they were before the exchange and accordingly conclude that general happiness
has been raised by any exchange openly entered into.
Select one:
a. False
b. True
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Caution empty literal translation for "let the buyer beware"
Select one:
True
False
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Previous page
This provision in the Sarbanes-Oxley Act requires that management file and internal control report
with its annual report each year in order to delineate how management has established and
maintained effective internal controls over financial reporting.
Select one:
a. Section 407
b. Section 201
c. Section 404
d. Section 307
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Marks for this submission: 1.00/1.00.
TORTS
TORTS
is a term that is usually used in the field of law that is known by lay people as negligence.
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Caveat emptor is a phrase that is simply an effort to illustrate the broader concept of freedom of
contract as it applies to the seller-buyer relationship.
Select one:
a. True
b. False
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NEGLIG
NEGLIGENCE
A principal factor of tort law, it concerns a kind of ethical neglect, particularly neglecting duty to
practice reasonable care not to harm others.
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Advertising gives data for market exchanges that adds to market efficiency and to universal
happiness.
Select one:
True
False
Check
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It pertains to the place where a product can be bought.
Select one:
a. Placement
b. Location
c. Physical Store
d. Locality
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Refers to circumstances where people are subject to directed commercial activity and are unaware
of it.
Select one:
a. Advertising
b. Marketing
c. Stealth
d. Promotion
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CORPO
CORPORATE GOVERNANCE
refers in general to the rules, procedures, or laws whereby businesses are regulated, operated, and
controlled.
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It is buying or selling of a security by someone who has access to important confidential information
about the security.
Select one:
a. Security Trading
b. Illegal Insider
c. Insider Trading
d. Legal Insider
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The heart of a business success does not depend on its marketing.
Select one:
a. True
b. False
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Refers in general to the rules, procedures, or laws whereby businesses are regulated, operated and
controlle~
Select one:
a. Monitoring Activities
b. Corporate governance
c. Control Activities
d. Professional Duties
Check
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Correct
It is a monetary amount a buyer exchanges for a product or services based on its value or worth.
Select one:
a. Price
b. Product
c. Promotion
d. Placement
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Previous page
In business, caveat emptor means to allow the potential buyer who is considering the procurement
of an item to check the item, and then allow him to decide the terms on which he is agreeable to buy
or decline the item.
Select one:
a. True
b. False
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Previous page
gateke
gatekeepers
Are professions that enforce rules and attest to the fundamental fairness of the system. Examples of
these are accountants, financial analysts, attorneys, and auditors.
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Select one:
a. It is more of a philosophy that informs all marketing efforts rather than a marketing strategy.
b. It is used by organizations as a way to establish trust among their customers by living up to the
claims made in its advertising.
c. All of the answers are correct
d. It is a general set of guidelines to assist organizations as they evaluate new marketing strategies.
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Previous page
Select one:
a. False
b. True
Check
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