Question 1

Stakeholder engagement processes ensure that the ethical vision the firm is developing coincides with the needs and expectations of all the stakeholders.

Accepted Answer

A) True 
 B)False

Question 2

A corporate credo is a statement that sets forth the company's beliefs and responsibilities to stakeholders.

Accepted Answer

A) True 
 B)False

Question 3

In the opening case "How We're Fixing Up Tyco," which of the following individuals was the senior vice president of corporate governance at Tyco who had the responsibility of repairing the tarnished image of the diversified conglomerate?

Accepted Answer

A)   Jack Welch
B)   Ken Lay
C)   Charles Prince
D)   Eric Pillmore

Question 4

Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.

Accepted Answer

A)   Robinson-Patman
B)   Sherman Antitrust Act
C)   Foreign Corrupt Practices Act
D)   Sarbanes-Oxley Act

Question 5

Which of the following is an example of POOR practice in making a code of conduct effective?

Accepted Answer

A)   Set up an ethics committee within the board of directors
B)   Review and make adjustments to the code when necessary
C)   Assign one unit within the company to be responsible for the effectiveness of the firm's ethical commitment
D)   Make sure senior staff set the correct example by "walking the talk"

Question 6

Firms that implement a Total Responsibility Management system are not able to generate the relevant information of interest for internal and external stakeholders due to the complexity of the system.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT one of the three major global codes of ethics as indicated in the text?

Accepted Answer

A)   The Caux Round Table Principles
B)   Kyoto Treaty
C)   The Organization of Economic Co-operation and Development guidelines for multinational enterprises
D)   The United Nations Global Impact

Question 8

Which of the following are recommendations made by governments for multinational enterprises to adopt into their own codes of ethics?

Accepted Answer

A)   The Caux Round Table Principles
B)   Kyoto Treaty
C)   The Organization of Economic Co-operation and Development guidelines for multinational enterprises
D)   The United Nations Global Impact

Question 9

Which element is not included in a "Living Code of Ethics"?

Accepted Answer

A)   Authentic leadership
B)   Organizational culture
C)   The decision-making process
D)   The price of goods and services

Question 10

Organizational learning can increase the level of ethical awareness by employees and can create a positive climate pertaining to ethical values and beliefs.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an example of GOOD practice in making a code of conduct effective?

Accepted Answer

A)   Post the code on a notice board without any action
B)   View the code as a confidential document
C)   Review and make adjustments when necessary
D)   Assign one unit within the company to be responsible for the effectiveness of the firm's ethical commitment

Question 12

An effective code of ethics is formed of a standard set of recommendations that includes both advice and internal structures to help employees implement the code of ethics.

Accepted Answer

A) True 
 B)False

Question 13

The _____________ involves top management integrating the ethical vision, value, and leadership into the strategic decision-making process.

Accepted Answer

A)   Inspiration process
B)   Integration process
C)   Commercialization process
D)   Innovation and improvement process

Exam 12: Establishing a Code of Ethics and Ethical Guidelines

Firms that implement a Total Responsibility Management system are not able to generate the relevant information of interest for internal and external stakeholders due to the complexity of the system.

Correct Answer
verified

A corporate credo is a statement that sets forth the company's beliefs and responsibilities to stakeholders.

Correct Answer
verified

Which element is not included in a "Living Code of Ethics"?

Correct Answer
verified

Which of the following is an example of GOOD practice in making a code of conduct effective?

Correct Answer
verified

The _____________ involves top management integrating the ethical vision, value, and leadership into the strategic decision-making process.

Correct Answer
verified

Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.

Correct Answer
verified

In the opening case "How We're Fixing Up Tyco," which of the following individuals was the senior vice president of corporate governance at Tyco who had the responsibility of repairing the tarnished image of the diversified conglomerate?

Correct Answer
verified

Which of the following is an example of POOR practice in making a code of conduct effective?

Correct Answer
verified

An effective code of ethics is formed of a standard set of recommendations that includes both advice and internal structures to help employees implement the code of ethics.

Correct Answer
verified

Which of the following is NOT one of the three major global codes of ethics as indicated in the text?

Correct Answer
verified

Organizational learning can increase the level of ethical awareness by employees and can create a positive climate pertaining to ethical values and beliefs.

Correct Answer
verified

Stakeholder engagement processes ensure that the ethical vision the firm is developing coincides with the needs and expectations of all the stakeholders.

Correct Answer
verified

Which of the following are recommendations made by governments for multinational enterprises to adopt into their own codes of ethics?

Correct Answer
verified

Exam 12: Establishing a Code of Ethics and Ethical Guidelines

Firms that implement a Total Responsibility Management system are not able to generate the relevant information of interest for internal and external stakeholders due to the complexity of the system.

Correct AnswerverifiedShow Answer

A corporate credo is a statement that sets forth the company's beliefs and responsibilities to stakeholders.

Correct AnswerverifiedShow Answer

Which element is not included in a "Living Code of Ethics"?

Correct AnswerverifiedShow Answer

Which of the following is an example of GOOD practice in making a code of conduct effective?

Correct AnswerverifiedShow Answer

The _____________ involves top management integrating the ethical vision, value, and leadership into the strategic decision-making process.

Correct AnswerverifiedShow Answer

Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.

Correct AnswerverifiedShow Answer

In the opening case "How We're Fixing Up Tyco," which of the following individuals was the senior vice president of corporate governance at Tyco who had the responsibility of repairing the tarnished image of the diversified conglomerate?

Correct AnswerverifiedShow Answer

Which of the following is an example of POOR practice in making a code of conduct effective?

Correct AnswerverifiedShow Answer

An effective code of ethics is formed of a standard set of recommendations that includes both advice and internal structures to help employees implement the code of ethics.

Correct AnswerverifiedShow Answer

Which of the following is NOT one of the three major global codes of ethics as indicated in the text?

Correct AnswerverifiedShow Answer

Organizational learning can increase the level of ethical awareness by employees and can create a positive climate pertaining to ethical values and beliefs.

Correct AnswerverifiedShow Answer

Stakeholder engagement processes ensure that the ethical vision the firm is developing coincides with the needs and expectations of all the stakeholders.

Correct AnswerverifiedShow Answer

Which of the following are recommendations made by governments for multinational enterprises to adopt into their own codes of ethics?

Correct AnswerverifiedShow Answer

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