Reference no: EM132266453
1. The Securities and Exchange Commission requires companies listing on the New York Stock Exchange and the Nasdaq Stock Market to have codes of ethics. A code of ethics is
a statement of values and responsibilities for the professional staff only.
a policy statement of a company’s values, responsibilities, and conduct expectations.
a statement of values and responsibilities for the employees only. Executives are bound by legal requirements.
2. During ethics training, management will typically lead a discussion of a scenario. Discussing the responses gives managers the opportunity
to promote the company’s goals.
to protect the company’s interests by explaining that stealing paper and pens from the supply cabinet is not ethical.
to demonstrate how employees should respond in ethical situations they will likely face on the job.
3. How does a company’s ethical program depend on its hiring process?
It is better to hire someone who is naturally inclined to behave in an ethical manner than to rely on a company code of ethics to encourage an unethical employee to make ethical choices.
The company code of ethics, monitoring, and enforcement of ethics will keep employees ethical.
The company code of ethics is enough to keep employees’ behavior within ethical bounds.
4. The Sarbanes-Oxley Act of 2002 created federal protections for ________. Anyone who reports corporate wrongdoing can ask the Occupational Safety and Health Administration (OSHA) to investigate.
customers
whistleblowers
employees
PreviousNext
5. It is the role of ________ to be active in the ethics program. For example, they should introduce the ethics training or be the speaker.
employees
Human Resources management
senior management
PreviousNext
6. Consumers today expect a lot out of companies. According to a study by Cone Communications, 9 out of 10 consumers expect companies to ________ rather than simply make a profit.
donate a certain percentage of profits to various charities
operate responsibly and address social and environmental issues
implement programs to reduce greenhouse gas emissions
PreviousNext
7. When a company is in a good state, the stakeholders are affected positively. For example,
high company profits mean higher dividends and lead to more spending in the community.
high company profits mean higher bonuses for management and more spending in the community.
communities benefit when their citizens are employed.
PreviousNext
8. The markets depend on audits, outsiders who check the accounting of publicly held companies. Likewise, the market uses ________ audits to confirm that companies are not just “greenwashing” their activities. Greenwashing means spinning a story of social responsibility around something that may be inconsequential or even harmful.
CSR
OSHA
SOX