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Tax Segment 5 - Business Ethics

Ethics can probably be defined as doing what is right. Something that is wrong but not illegal is a good way to say that something is unethical. Usually something that is ethical is something that is legal, but not always. Something what is legal or within the law can also be wrong (or unethical). Our history is full of instances where something is legal but now considered unethical (or wrong). You get the idea.

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Student Instructions:

Print this page, work on the questions and then submit test by mailing the answer sheet or by completing quiz online.

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Answer Sheet            Quiz Online

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Material needed to complete this assignment:

The Way to Happiness (Intro. only)
Ethics and Fairness
Business Ethics
Monster's Inc.
This Week: Business Ethics
Barack Obama on Ethics
Business Ethics: Does it Really Matter?
Ethics: The Fabric of Business
Dilbert Ethics Part 2

 

1. "If you don't have integrity, you have nothing. You can have all the money in the world, but if you are not a moral and ethical person, you really have nothing." was said by

A. Abraham Lincoln.
B. Barack Obama.
C. Henry Kravis.
D. Albert Einstein.

2. Robert J. Stevens sets the tone of ethics and values for his entire organization by

A. Communicating clearly his expectations and values by leading by example.
B. Emulating a standard of excellence in behavior each day.
C. Finding examples of employees across the workplace of employees who have taken an action very much admired.
D. All of the above.

3. According to Sandra Barbour, you need to do a test where you ask "Would I do this if I knew that I wouldn't get caught?"

True False

4. One action by one employee can distort the contribution of 135,000 employees so part of the communication on ethics includes

A. The question "Do you want to be the person who would taint the reputation of all these colleagues whom we admire and trust?"
B. Who will be the first to taint the company?
C. Identifying potential ethics violators.
D. All of the above.

5. The CEOs in Dilbert Ethics went golfing to discuss

A. Taxes being too darn high.
B. Which company should win the government bids.
C. Nurturing and diversity.
D. Networking with other executives on the golf course.

6. Dilbert's office associates were discussing

A. Making a fortune from special interest groups.
B. Destroying the integrity of the democratic voting system.
C. Ethical consequences of manipulating the voting results for own evil purposes without ever being detected.
D. All of the above.

7. The lobbyist were concerned about Dilbert and their goal was to

A. Find a way to influence Dilbert without money.
B. Teach Dilbert to use his creativity.
C. Give Dilbert money in return for the internet voting network system.
D. None of the above.

8. Dilbert was immune to the lobbyists' inducements.

True False

9. In the "Business Ethics" video clip about hooking younger people to smoking, they will convey their message by

A. Advertising.
B. Lobbying to lower the smoking age.
C. Protesting to congress about changing smoking laws.
D. Becoming international.

10. In the "Business Ethics" video clip, Mike, the accountant, is asked by the manager to pretend the sales from the January 1st, happened December 31 to make the company appear better to investors. This act is better described as 

A. A minor detail.
B. Unethical.
C. Illegal.
D. A smart move

11. Accounting errors and purposely manipulating of books are misrepresentations of the company. An investor who wants to buy stock would see a large volume of sales and decide to buy the stock. Once someone notices something is wrong, or an accountant "blows the whistle" on the company,

A. The stock prices would likely plunge.
B. Any investor who owns stock with that company would lose most, if not all, of their money.
C. Both A and B above.
D. Any investor who owns stock with that company will receive a full liquidation of whatever is left of the company.

12. The CEO did not want the company "Monsters Inc." to die so in his effort to save it he

A. Made everyone in the company work overtime.
B. Started kidnapping children to extract scare energy.
C. Was faced with the challenge of getting Boo back home.
D. Kept Boo from being captured by the Child Detection Agency.

13. According to President Barack Obama, the line between campaign contributions and a bribe was really thin.

True False

14. The Obama Administration will make sure that lobbyists be more transparent by having them meet in public.

True False

15. According to President Barack Obama, for the first time we've made sure that lobbyist who bundled money have to

A. List where they are getting the money from.
B. List what kind of endorsement they are funneling the funds to.
C. Both A and B above.
D. None of the above..

16. According to the "Business Ethics" video, when a business acts ethically, it will

A. Lose money but that is the price of acting ethically.
B. Perform better.
C. Be regarded by the government for acting ethically.
D. Have tax incentives for acting ethically.

17. According the "Business Ethics" video, Steve has a huge dilemma because

A. He is not legally obligated to tell the customer about the possibilities of cancer in the pill.
B. He could choose to tell the buyer that the pills have a possibility of cancer as a moral thing to do.
C. There is no right or wrong answer and his beliefs would determine what he needs to do.
D. All of the above.

18. According to the "Business Ethics" video, since the pills are legally allowed to be sold, Steve does not have to say anything and thus since something is legal it means it is moral.

True False

19. The video clip "Business Ethics" states that Steve should not sell the diet pills because they are cancerous.

True False

20. According the the "Business Ethics" video, the company should decide not to sell cigarettes to minors in other countries because

A. It is illegal.
B. More people will start smoking and in turn more people could die of cancer.
C. Although it will save their jobs, doing so is morally wrong.
D. None of the above

 

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