MGT400 Week 2 Midterm Exam

MGT400 Week 2 Midterm Exam

MGT400 Week 2 Midterm Exam Question 1 The ______________________ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes.

Protection Agency

Answers:

1. Environmental Protection Agency
2. World Bank
3. Consumer Financial Protection Agency
4. World Trade Organization
5. Sarbanes-Oxley Act

Question 2

3 out of 3 points

Which of the following is not a provision of the Sarbanes-Oxley Act?

creation of ethical and legal compliance programs

Answers:

1. Strengthens penalties for corporate fraud
2. Discourages the creation of ethical and legal compliance programs
3. Requires codes of ethics for financial reporting in corporations
4. Makes fraudulent financial reporting a criminal offense
5. Requires greater transparency in financial reporting

Question 3

3 out of 3 points

Which of the forces of the business environment involves the rivalry among businesses for customers and profits?

Answers:

1. The economic dimension
2. The legal dimension
3. The competitive dimension
4. The technological dimension
5. The voluntary responsibilities dimension

Question 4

3 out of 3 points

The ______________ regulates tobacco, dietary supplements, vaccines, veterinary drugs, medical devises, cosmetics, products that give off radiation, and biological products

1. World Trade Organization
2. Consumer Financial Protection Agency
3. Department of Justice
4. Environmental Protection Agency
5. The Food and Drug Administration

Question 5

3 out of 3 points

Which of the following groups is not a group that receives special legal protections?

1. The elderly
2. Children
3. Senior Citizens
4. The highly educated
5. Young consumers

Question 6

3 out of 3 points

The _____________ was called “a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression.”

1. Equal Pay Act
2. Americans with Disabilities Act
3. Dodd-Frank Wall Street Reform and Consumer Protection Act
4. Age Discrimination in Employment Act
5. VII of the Civil Rights Act

Question 7

0 out of 3 points

____________ law defines the rights and duties of individuals and organizations (including businesses).

1. Civil
2. Criminal
3. Competitive
4. Administrative
5. Regulatory

Question 8

3 out of 3 points

Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

1. Increases the accountability and transparency of financial institutions
2. Creates a bureau to educate consumers in financial literacy
3. Creates an organization to pay the bills of low-income consumers
4. Create incentives for whistle-blowers to come forward
5. Increases oversight of the financial industry

Question 9

3 out of 3 points

___________ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law.

1. Civil
2. Criminal
3. Competitive
4. Administrative
5. Regulatory

Question 10

3 out of 3 points

_____ ties giving to a business’ overall strategy and objectives.

1. Social responsibility
2. Business ethics
3. Corporate philanthropy
4. Strategic philanthropy
5. Cause-related marketing

Question 11

3 out of 3 points

Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except

1. sustained price cuts.
2. free samples.
3. discriminatory pricing.
4. price wars.
5. corporate espionage.

Question 12

3 out of 3 points

Which is not one of the four sources of criminal and civil laws?

1. Judicial law
2. Common law
3. Constitutional law
4. Administrative law
5. Statutory law

Question 13

3 out of 3 points

The ___________ is an independent agency within the Federal Reserve System that “regulate(s) the offering and provision of consumer financial products or services under the federal consumer financial laws.

1. Consumer Financial Protection Agency
2. Federal Resrve
3. World Trade Organization
4. Department of Justice
5. Federal Trade Commission

Question 14

3 out of 3 points

The primary objective of U.S. antitrust laws is to

1. protect consumers from high prices and foreign products
2. protect domestic businesses
3. protect employees
4. promote strategies that enhance business welfare over consumer welfare
5. distinguish competitive strategies that enhance consumer welfare from those that reduce it

Question 15

3 out of 3 points

_______ have been found to decrease unethical practices and increase positive work behavior

Answers:

1. High educational attainment levels
2. High levels of community involvement
3. Charismatic leaders
4. Strong religious beliefs
5. Good personal values

Question 16

3 out of 3 points

_______involves subordinates simply following the directives of a superior without question. It demonstrates the influence that significant others an exert in the workplace.

1. Obedience to authority
2. Locus of control
3. Opportunity
4. Transactional leadership
5. Immediate job context

Question 17

2 out of 2 points

Multiple elements work on individuals to affect their behavior. While an individual may intend to do the right thing, ___________can alter this intent

1. cognitive dissonance
2. familial expectations
3. religious beliefs
4. the desire for financial gain
5. organizational or social forces

Question 18

2 out of 2 points

A coaching leader builds a positive climate by

1. valuing people, their emotions, and their needs
2. focusing on communication across all layers of the organization
3. inspiring employees to follow their departmental leaders without question
4. focusing on achievement, initiative, and self-control
5. developing skills for success, delegating responsibility, and issuing challenging assignments

Question 19

2 out of 2 points

If management fails to identify and educate employees about ethical problems areas, ethical issues may not reach the critical

1. awareness level
2. aptitude level
3. ethical level
4. organizational level
5. individual level

Question 20

2 out of 2 points

The __________ can be defined as a set of values, norms, and artifacts, including ways of solving problems shared by members of an organization

1. corporate culture
2. intentions of a corporate
3. ethical issue awareness
4. determination of a corporation
5. individual factors

Question 21

2 out of 2 points

Which of the following would not be considered a negative reinforcement of employee behavior?

1. demotions
2. firings
3. ignoring the behavior
4. reprimands
5. pay penalties

Question 22

2 out of 2 points

Codes, rules, and compliance are essential in organizations. However, an organization built on ____________ is more likely to develop a high integrity corporate culture.

1. a charismatic leader
2. the preferences of the CEO
3. the grapefine
4. formal relationships
5. informal relationships

Question 23

2 out of 2 points

Which of the following types of leaders attempts to create employee satisfaction through bartering or negotiating for desired behaviors or level or performance?

1. pacesetting leaders
2. coercive leaders
3. transactional leaders
4. transformational leaders
5. transmogrified leaders

Question 24

2 out of 2 points

Following the ethical directives of a superior relates to

1. an internal locus of control
2. obedience to authority
3. moral intensity
4. gender
5. ethical issue intensity

Question 25

2 out of 2 points

Which of the following is not a habit of ethical leaders?

1. They are primarily concerned with themselves.
2. They are proactive
3. They have a passion to do right.
4. They are concerned with stakeholders’ interests.
5. They are role models for organizational values.

Question 26

2 out of 2 points

Which of the following leadership types has a strong influence on coworker support and building an ethical culture through increasing employee commitment and fostering motivation?

Answers:

1. Transformational leaders
2. Transactional leaders
3. Coercive leaders
4. Pacesetting leaders
5. Authoritative leaders

Question 27

2 out of 2 points

Which of the following is not considered a significant other group in the workplace?

1. Peers
2. Managers
3. Spouses
4. Coworkers
5. Subordinates

Question 28

0 out of 2 points

An individual who defines what is right by considering his/her duty to society, not just to other specific people, is in which of Kohlberg’s stages of cognitive moral development?

1. Punishment and obedience
2. Individual instrumental purpose and exchange
3. Mutual interpersonal expectations, relationships, and conformity
4. Social system and conscience maintenance
5. Prior rights, social contract, or utility

Question 29

2 out of 2 points

Which is the last of Kohlberg’s stage of cognitive moral development?

1. Individual instrumental purpose and exchange
2. Need achievement
3. Social system and conscience maintenace
4. Punishment and obedience
5. Universal ethical principles

Question 30

2 out of 2 points

A person who offers facilitation payment in order to secure a contract that will keep his/her company from going bankrupt and laying off hundreds of employees may be a(n)

1. egoist
2. teleologist
3. utilitarian
4. relativist
5. humanitarian

Question 31

0 out of 2 points

Which moral philosophy evaluates the morality of an action on the basis of its conformity to general moral principles and respect for individual rights?

1. The relativist perspective
2. Act utilitariasism
3. Rule utilitarianism
4. Act deontology
5. Rule deontology

Question 32

0 out of 2 points

____________ is considered the father of free market capitalism. He believed that business was and should be guided by the morals of good men.

1. John Maynard Keynes
2. Henry Kissinger
3. George Washington
4. Adam Smith
5. Lawrence Kohlberg

Question 33

0 out of 2 points

____________ believe that no one thing is intrinsically good

1. Hedonists
2. Pluralists
3. Relativists
4. Deontologists
5. Teleologists

Question 34

2 out of 2 points

Kant’s categorical imperative and the Golden Rule are examples of which moral philosophy?

1. Teleology
2. Deontology
3. The relativist perspective
4. Egoism
5. Utilitarianism

Question 35

0 out of 2 points

A marketing manager who orders that a manufacturing plan be refitted to make it safer for workers, no matter what the cost, may be a(n) _______ because he believes in the rights of all individuals.

1. egoist
2. utilitarian
3. deontologist
4. relativist
5. hedonist

Question 36

4 out of 4 points

What is white collar crime and why has it become such a widespread problem?

Question 37

4 out of 4 points

Compare and contrast the two teleological philosophies: egoism and utilitarianism? Include a discussion of the bases that each type uses to evaluate the morality of activities?

Question 38

4 out of 4 points

Explain how the levels of Kohlberg’s model of cognitive moral development may influence a person’s perception and response to an ethical issue?

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