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Chapter 05 - Organizational Ethics and the Law Chapter 05 Organizational Ethics and the Law True / False Questions 1. Personal values and moral character play key roles in improving a company's ethical performance. True False 2. In most companies, a moral atmosphere cannot be detected. True False 3. In a benevolence ethical climate, the interests of the company's employees and external stakeholders most likely would be given high priority. True False 4. Managers, as major decision-makers, are one of the keys to whether a company will act ethically or unethically. True False 5. It is impossible for multiple ethical climates to exist within one organization. True False 6. All ethics issues in business are the same. True False 7. Honesty, integrity and accuracy are absolute requirements of the accounting function. True False 5-1 Chapter 05 - Organizational Ethics and the Law 8. The International Accounting Standards (IAS) were created by the Sarbanes-Oxley Act. True False 9. Any business that wished to do so can improve the quality of its ethical performance. True False 10. The majority of large U.S. corporations do not have codes of ethics. True False 11. In the United States, most ethics policies are primarily based on the company's mission and vision. True False 12. Iceland and Sweden are two countries that are least likely to be subjected to bribery. True False 13. Ethics deal with human dilemmas that frequently go beyond the formal language of law. True False 14. Following laws can always define proper action. True False 15. Illegal acts committed by employees, such as fraud and insider trading, are called blue- collar crime. True False 5-2 Chapter 05 - Organizational Ethics and the Law Multiple Choice Questions 16. The core components upon which a company's ethical performance depends include: A. The values and virtues of the managers. B. The personal character of the managers and employees. C. The traditions, attitudes, and business practices built into a company's culture. D. All of the above. 17. The unspoken understanding among employees of what is and is not acceptable behavior is called: A. Ethical climate. B. Efficiency. C. Success. D. Rites and rituals. 18. If a manager approaches ethical issues with a self-centered approach, emphasis will be on: A. Integrity. B. Social relationship. C. Economic efficiency. D. Laws. 19. Which of the following is not an example of an ethical criterion? A. Egoism. B. Concern for others. C. Principle. D. Corporate driven. 20. If a manger approaches ethics with benevolence in mind, he or she would stress what? A. Friendly relations with an employee. B. Company rules and procedures.... View Full Document

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