1.) Usually an
ethical dilemma can be resolved with a satisfactory answer to the problem.
TRUE
FALSE
2.) The first step
in resolving an ethical dilemma is to analyze the consequences.
TRUE
FALSE
3.) Due to
aggressive competitors, Joe Smith feels pressured to lie to an important
customer to keep the customer. He feels they will never discover the truth.
With this ethical dilemma, the first thing Joe must do is analyze the actions
without thinking about consequences.
TRUE
FALSE
4.) The final step
in solving an ethical dilemma is to evaluate the results of your decision.
TRUE
FALSE
5.) Arthur Dobrin
identified 15 questions you should consider when resolving an ethical dilemma.
TRUE
FALSE
6.) The process of
ethical reasoning involves looking at the available information and then
drawing conclusions based on that information in relation to our own ethical standards.
TRUE
FALSE
7.) Preconventional
is the lowest level of Lawrence Kohlberg’s stages of ethical reasoning.
TRUE
FALSE
8.) The first stage
of Lawrence Kohlberg’s stages of ethical reasoning is preconventional.
TRUE
FALSE
9.) The third stage
of Kohlberg’s stages of ethical reasoning is law and order.
TRUE
FALSE
10.) In the third
stage of Kohlberg’s stages of ethical reasoning, a person is focused on meeting
the expectations of friends and coworkers and how something will affect their
life.
TRUE
FALSE
11.) Because of the
Sarbanes-Oxley Act, today, when employees are asked to do something that
conflicts with their own personal values, seldom is the guidance from companies
a series of clichés.
TRUE
FALSE
12.) “Do what’s
legal” is an ethical cliché.
TRUE
FALSE
13.) Over the last
four decades, corporate ethics has remained in the organizational mainstream.
TRUE
FALSE
14.) In resolving a
truth versus loyalty dilemma, you must decide whether the decision will have
short-term or long-term consequences.
TRUE
FALSE
15.) In resolving a
justice versus mercy dilemma, you must answer whether you perceive the issue as
a question of dispensing justice or mercy.
TRUE
FALSE
16.) An ethical
dilemma is a situation in which there is a “right” versus
“right” answer.
TRUE
FALSE
17.) Once you have
reached a decision as to the type of conflict you are facing, the three
resolution principles are: ends-based, rules-based, and the Golden Rule.
TRUE
FALSE
18.) If you utilize
the rules-based resolution principle, you would consider which decision would
provide the greatest good for the greatest number of people.
TRUE
FALSE
19.) If you utilize
the Golden Rule resolution principle, you would utilize the principle: do unto
others as you would have them do unto you.
TRUE
FALSE
20.) Andrew Young’s
statement, “Nothing is illegal if a hundred businessmen decide to do
it” is one of the commonly held rationalizations that can lead to misconduct.
TRUE
FALSE
21.) The accounting
function is the certification of an organization’s financial statements as being
accurate.
TRUE
FALSE
22.) Internal auditors
provide counsel for improving controls, processes and procedures, performance,
and risk management.
TRUE
FALSE
23.) The accounting
profession is governed by a set of laws and established legal precedents.
TRUE
FALSE
24.) GAAP are accepted
principles utilized as standard operating procedures within the industry.
TRUE
FALSE
25.) GAAP, like any
operating standard, are open to interpretation and abuse.
TRUE
FALSE
26.) Corporations try
to manage their expansion at a steady rate of growth.
TRUE
FALSE
27.) When corporations
grow too quickly or steadily from year to year, investors may see them as in
danger of falling behind their competition.
TRUE
FALSE
28.) It is legal to
defer receipts from one quarter to the next to manage your tax liability.
TRUE
FALSE
29.) A set of accurate
financial statements that present an organization as financially stable,
operationally efficient, and positioned for strong future growth can do a great
deal to enhance the reputation and goodwill of an organization.
TRUE
FALSE
30.) When a company’s
financial statements have been certified by an objective third party to be
“clean,” that certification is meant to be for the company’s benefit.
TRUE
FALSE
31.) A situation where
one relationship or obligation places you in direct conflict with an existing
relationship or obligation refers to value chain interest.
TRUE
FALSE
32.) Ethical CSR is
the purest or most legitimate type of CSR in which organizations pursue a
clearly defined sense of social conscience in managing their financial
responsibilities to shareholders, their legal responsibilities to their local
community and society as a whole, and their ethical responsibilities to do the
right thing for all their stakeholders.
TRUE
FALSE
33.) Ethical CSR is the
purest or most legitimate type of CSR.
TRUE
FALSE
34.) Altruistic CSR is
a philanthropic approach to CSR, in which organizations underwrite specific
initiatives to give back to the company’s local community or to designated
national or international programs.
TRUE
FALSE
35.) Economic CSR is
the purest or most legitimate type of CSR.
TRUE
FALSE
