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LMauney@UOR LMauney@UOR
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Posts: 327
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6 years ago
Identify and discuss the federal government's four attempts to legislate business ethics since the late 1980s.
 
  Indicate whether this statement is true or false.

Question 2

Although laws cannot mandate ethics, they may be able to identify the baseline separating what is good and what is bad.
 
  Indicate whether this statement is true or false.

Question 3

The Sarbanes-Oxley Act was passed in response to reports of out-of-control military spending.
 
  Indicate whether this statement is true or false.

Question 4

The Corporate and Auditing Accountability, Responsibility and Transparency Act requires SEC reporting banks and bank holding companies to have a code of ethics.
 
  Indicate whether this statement is true or false.

Question 5

Harvey Electronics has used a number of methods to create an ethical culture that both employees and customers appreciate. What is the most effective way for the firm to sustain its ethical culture?
 
  A) asking job candidates ethical questions
  B) implementing an ethics audit regularly
  C) publishing the firm's code of ethics periodically
  D) ensuring that new employees receive ethics training

Question 6

A recent survey of 358 compliance and ethical professionals revealed that ________.
 
  A) nearly seventy-five percent of companies include ethical compliance as a basis of compensation
  B) twenty-seven percent of companies penalize employees for practicing ethical behavior
  C) about one company in six ties employee bonuses and incentives to ethical performance
  D) None of the above

Question 7

According to the Malcolm Baldrige National Quality Award, senior leaders should ________.
 
  A) serve as figureheads
  B) serve as role models
  C) delegate responsibility for ethical behavior to middle managers
  D) operate outside of ethical constraints that apply to rank and file employees

Question 8

The Procurement Integrity Act of 1988 was passed after reports of military contracts for 500 toilet seats and 5,000 hammers.
 
  Indicate whether this statement is true or false.
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wrote...
6 years ago
Answer to #1

Answer: The Procurement Integrity Act of 1988 prohibited the release of source selection and contractor bid or proposal information. In addition, a former employee who served in certain positions on a procurement action or contract in excess of 10 million cannot receive compensation as an employee or consultant from that contractor for one year. The second attempt occurred with the passage of the 1992 Federal Sentencing Guidelines for Organizations Act (FSGO), which outlined an effective ethics training program and explained the seven minimum requirements for an effective program to prevent and detect violations. The third attempt at legislating business ethics was the Corporate and Auditing Accountability, Responsibility, and Transparency Act of 2002 (Sarbanes-Oxley Act), which criminalized many corporate acts that were previously relegated to various regulatory structures. The primary focus of the Sarbanes-Oxley Act is to redress accounting and financial reporting abuses in light of corporate scandals. The fourth, the Dodd-Frank Wall Street Reform and Consumer Protection Act, was signed into law in 2010. The act was brought on by the worst financial crisis since the Great Depression, which resulted in the loss of 8 million jobs, failed businesses, a drop in housing prices, and wiped out personal savings of many workers. As the financial crisis advanced, it became clear that executive compensation played a major role in the financial services sector as well as in the capital markets following the collapse of investment services firms as Lehman Brothers, Merrill Lynch, Bear Stearns, and AIG.

Answer to #2

Answer: TRUE

Answer to #3

Answer: FALSE

Answer to #4

Answer: FALSE

Answer to #5

Answer: B

Answer to #6

Answer: C

Answer to #7

Answer: B

Answer to #8

Answer: TRUE
LMauney@UOR Author
wrote...
6 years ago
What an awesome place to get free homework help
wrote...
6 years ago
What makes it awesome is that you posted, thanks for trusting us
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