Chapter 3 Flashcards
The Sarbanes-Oxley Act:
Multiple Choice
raises the penalties for illegal behavior.
gives corporations greater freedom from government control.
adopts the theory of allocational efficiency.
motivates executives to inflate reports of corporate profits.
raises the penalties for illegal behavior.
Corporate codes of ethical conduct:
Multiple Choice
effectively deter unethical behavior.
are sometimes viewed as thinly disguised attempts to mislead the public into thinking that the company behaves ethically.
accurately reflect the values of society.
tend to expressly publish policies that deal directly with corruption to avert legal measures that might impose severe constraints.
are sometimes viewed as thinly disguised attempts to mislead the public into thinking that the company behaves ethically.
“Groupthink” tends to:
Multiple Choice
Lead to rational corporate decision making.
Suppress critical thought.
Foster a team spirit leading to a greater social good.
Maximize concern with legal problems.
Suppress critical thought.
Immanuel Kant viewed humans as moral actors that are free to make choices.
True or False?
true
Managers in collectivist societies may be more inclined to commit software piracy than members of more individualist societies.
True or False
True
What was the court’s decision in Stormans v. Wiesman, the case in which, on the basis of alleged religious objectives to delivering emergency contraceptives, pharmacists challenged State of Washington rules requiring the timely delivery of prescription medicines?
Multiple Choice
That the rules were unconstitutional because they deprived the pharmacists of due process.
That the rules were unconstitutional because they deprived the pharmacists of their First Amendment freedom of religion rights.
That the rules were valid because the rational basis of review applied, and the rules were rationally related to a legitimate interest of the state.
That the rules were valid because the pharmacists lacked standing to challenge them.
That the rules were valid because the rational basis of review applied, and the rules were rationally related to a legitimate interest of the state.
The existence of known harms is a limit on the law’s ability to control irresponsible corporate behavior.
True or False
False
The ethical theory calling for a fair allocation of society’s benefits and burdens among all members of society is the:
Multiple Choice
Nonpartisanship Theory
Neutrality Theory
Equitable Theory
Justice Theory
Justice Theory
anet, who works in a pharmacy, has a relative who desperately needs medicine to survive that is unaffordable. Janet steals the medicine for her relative because she believes that her relative’s right to survive should not be violated under any circumstances and that the act of theft was, therefore, justified. Janet was espousing which of the following types of ethical theory?
Multiple Choice
Deontological
Teleological
Absolute Relativism
Rule Utilitarianism
Deontological
Justice theory, utilitarianism, and profit maximization are teleological ethical theories.
True or False?
True
Bill discovers that the new product his organization designed is prone to defect. Bill is also aware that his manager is committed to getting the product to the marketplace in the next 30 days. Bill has decided not to inform his manager of the problems with the product for fear the news will anger his manager. This is an example of:
Multiple Choice
Groupthink
Bad news doesn’t rise
Sound decision making
Kantianism
Bad news doesn’t rise
According to the risky shift phenomenon, a group of people who must reach a consensus on an acceptable level of risk often decide on a level of risk higher than the risk they would accept as individuals.
True or False
True
Which of the following is a reason why large corporations have the ability to influence legislation?
Multiple Choice
There are no limits on the law’s ability to control irresponsible corporate behavior.
Their size, resources, and sophistication give them the capability to purchase this ability.
Corporate managers are always aware of the effects of their products or production processes.
The state legislatures cannot enact hostile regulatory legislation.
Their size, resources, and sophistication give them the capability to purchase this ability.
The tendency for members of a group to internalize the group’s values and perceptions and to suppress critical thought is known as __________.
Multiple Choice
risky shift
social malingering
herd behavior
groupthink
groupthink
According to the decision-making model that is drawn heavily from the thoughts of Joseph L. Badaracco Jr., the question, “Which course of action is feasible?” recognizes that ethics and morality must be practical.
True or False
True
