NU MGT400 Week 2 Midterm Exam 2015

Question
1
5
out of 5 points
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?