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 2Although 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 3The Sarbanes-Oxley Act was passed in response to reports of out-of-control military spending.
Indicate whether this statement is true or false.
Question 4The 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 5Harvey 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 6A 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 7According 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 8The 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.