Ethics mcq Ethics mcq Question 1.) Usually an ethical dilemma can be resolved with a satisfactory answer to the problem. TRUE Save your time! Proper editing and formatting Free revision, title page, and bibliography Flexible prices and money-back guarantee ORDER NOW FALSE 2.) The first step in resolving an ethical dilemma is to analyze the consequences. Make sure you submit a unique essay Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions. 100% ORIGINAL ORDER NOW TRUE FALSE 3.) Due to aggressive competitors, Joe Smith feels pressured to lie to an important customer to keep the customer. He feels they will never discover the truth. With this ethical dilemma, the first thing Joe must do is analyze the actions without thinking about consequences. TRUE FALSE 4.) The final step in solving an ethical dilemma is to evaluate the results of your decision. TRUE FALSE 5.) Arthur Dobrin identified 15 questions you should consider when resolving an ethical dilemma. TRUE FALSE 6.) The process of ethical reasoning involves looking at the available information and then drawing conclusions based on that information in relation to our own ethical standards. TRUE FALSE 7.) Preconventional is the lowest level of Lawrence Kohlberg's stages of ethical reasoning. TRUE FALSE 8.) The first stage of Lawrence Kohlberg's stages of ethical reasoning is preconventional. TRUE FALSE 9.) The third stage of Kohlberg's stages of ethical reasoning is law and order. TRUE FALSE 10.) In the third stage of Kohlberg's stages of ethical reasoning, a person is focused on meeting the expectations of friends and coworkers and how something will affect their life. TRUE FALSE 11.) Because of the Sarbanes-Oxley Act, today, when employees are asked to do something that conflicts with their own personal values, seldom is the guidance from companies a series of clichés. TRUE FALSE 12.) "Do what's legal" is an ethical cliché. TRUE FALSE 13.) Over the last four decades, corporate ethics has remained in the organizational mainstream. TRUE FALSE 14.) In resolving a truth versus loyalty dilemma, you must decide whether the decision will have short-term or long-term consequences. TRUE FALSE 15.) In resolving a justice versus mercy dilemma, you must answer whether you perceive the issue as a question of dispensing justice or mercy. TRUE FALSE 16.) An ethical dilemma is a situation in which there is a "right" versus "right" answer. TRUE FALSE 17.) Once you have reached a decision as to the type of conflict you are facing, the three resolution principles are: ends-based, rules-based, and the Golden Rule. TRUE FALSE 18.) If you utilize the rules-based resolution principle, you would consider which decision would provide the greatest good for the greatest number of people. TRUE FALSE 19.) If you utilize the Golden Rule resolution principle, you would utilize the principle: do unto others as you would have them do unto you. TRUE FALSE 20.) Andrew Young's statement, "Nothing is illegal if a hundred businessmen decide to do it" is one of the commonly held rationalizations that can lead to misconduct. TRUE FALSE 21.) The accounting function is the certification of an organization's financial statements as being accurate. TRUE FALSE 22.) Internal auditors provide counsel for improving controls, processes and procedures, performance, and risk management. TRUE FALSE 23.) The accounting profession is governed by a set of laws and established legal precedents. TRUE FALSE 24.) GAAP are accepted principles utilized as standard operating procedures within the industry. TRUE FALSE 25.) GAAP, like any operating standard, are open to interpretation and abuse. TRUE FALSE 26.) Corporations try to manage their expansion at a steady rate of growth. TRUE FALSE 27.) When corporations grow too quickly or steadily from year to year, investors may see them as in danger of falling behind their competition. TRUE FALSE 28.) It is legal to defer receipts from one quarter to the next to manage your tax liability. TRUE FALSE 29.) A set of accurate financial statements that present an organization as financially stable, operationally efficient, and positioned for strong future growth can do a great deal to enhance the reputation and goodwill of an organization. TRUE FALSE 30.) When a company's financial statements have been certified by an objective third party to be "clean," that certification is meant to be for the company's benefit. TRUE FALSE 31.) A situation where one relationship or obligation places you in direct conflict with an existing relationship or obligation refers to value chain interest. TRUE FALSE 32.) Ethical CSR is the purest or most legitimate type of CSR in which organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to do the right thing for all their stakeholders. TRUE FALSE 33.) Ethical CSR is the purest or most legitimate type of CSR. TRUE FALSE 34.) Altruistic CSR is a philanthropic approach to CSR, in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs. TRUE FALSE 35.) Economic CSR is the purest or most legitimate type of CSR. TRUE FALSE