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Tax Topic 34 - 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 that 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. Student Instructions:Print this page, work on the questions and then submit test by mailing the answer sheet or by completing quiz online. Instructions to submit quiz online successfully: Step-by-Step check list Answer Sheet Quiz Online Most forms are in Adobe Acrobat PDF format. You will need Adobe Reader to view and print forms. If you do not already have Adobe Reader installed on your computer, you may download the software for free.
Material needed to complete the assignment and the quiz for this topic: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
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Abraham Lincoln. 2. Robert J. Stevens sets the tone of ethics and values for his entire organization by
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Communicating clearly his expectations and values by leading by example.
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 False4. One action by one employee can distort the contribution of 135,000 employees so part of the communication on ethics includes
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The question "Do you want to be the person who would taint the
reputation of all these colleagues whom we admire and trust?" 5. The CEOs in Dilbert Ethics went golfing to discuss
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Taxes being too darn high. 6. Dilbert's office associates were discussing
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Making a fortune from special interest groups. 7. The lobbyist were concerned about Dilbert and their goal was to
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Find a way to influence Dilbert without money. 8. Dilbert was immune to the lobbyists' inducements. True False9. The PG&E representative was only authorized to offer
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$150,000. 10. The PG&E representative alerted Mr. Maseri that he needed to remember that they were against PG&E whom is a multi-billion dollar corporation. True False 11. How many know plaintiffs had a case against PG&E?
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More than 400. 12. According to Erin, the affected people don't dream about being rich, they
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Dream about to not having to worry about health complications because of
the polluted water. 13. According to Erin, the people affected by the polluted water may not be the most sophisticated people and they don't know how to divide. True False 14. In the meeting, Erin stated that the water that Ms. Sanchez was about to drink came from the polluted area especially for them. True False 15. The reason that the lady was sure Hexavalent chromium was not toxic was because
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Her doctor had told her that it was not poisonous. 16. According to the "Business Ethics" video, when a business acts ethically, it will
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Lose money but that is the price of acting ethically. 17. According the "Business Ethics" video, Steve has a huge dilemma because
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He is not legally obligated to tell the customer about the possibilities
of cancer in the pill. 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
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It is illegal. 21. In the "Business Ethics" video clip about hooking younger people to smoking, they will convey their message by
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Advertising. 22. 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
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A minor detail. 23. In the "Business Ethics" video clip, Mike will help the company
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Appear better to investors. 24. 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,
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The stock prices would likely plunge. 25. The CEO did not want the company "Monsters Inc." to die so in his effort to save it he
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Made everyone in the company work overtime. 26. Mike and Sully's actions of "whistleblowing" were brought about by
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An incident simulation that involved the CEO. 27. The CEO said he "would do anything" to keep his company from going under because
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His company does a good service for the Monster City community. 28. By "anything" the CEO meant building a "Scare Extractor" and plotting to kidnap children to extract more energy. True False 29. Monsters Inc. was being closed down due to
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A quality control incident. 30. The CEO would kidnap a thousand children before he would let his company die. True False 31. Many are saying that Jerry Brown is making a big fuss of a little problem with the State Street miscalculating the banking rate to
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Punish the purpretraters. 32. According to Andrew Ross insider trading is
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Trading on information that is not public or should be privately held. 33. According to Andrew Ross, somebody who was associated with Google passed information to a go-between about Google's quarterly earnings and as a result
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They shorted the stock and made $9,000,000 out of shorting the stock. 34. A hedge fund can play with the stock one way or another and take action depending on which way they think it is going to go. True False 35. Hedge funds are in the business of getting as much insider information as quickly as possible to make their move. True False 36. The first stocks that we know about to be subject to insider trading were
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Sun Micro Devices. 37. According to Professor Sally Baack, crossing the line happens when
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You are transparent with what you are doing. 38. According to Professor Sally Baack, the elements of ethics include
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Individual aspect of ethics. 39. According to Professor Sally Baack, ethics
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Needs to come from the top. 40. According to Professor Sally Baack, the leader of an organization needs to
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Set the tone. 41. According to President Barack Obama, the line between campaign contributions and a bribe was really thin. True False42. According to President Barack Obama, for the first time we've made sure that lobbyist who bundled money have to
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List where they are getting the money from. 43. President Barack Obama has worked with republicans to pass a "Google for Government" bill that
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Will help government search the internet at a faster speed. 44. The Obama Administration has been pushing to reform the earmarks process for corporal spending to
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Give government more access to federal funds. 45. The Obama Administration will make sure that lobbyists be more transparent by having them meet in public. True False46. According to President Barack Obama, real change in America always happens from the top down. True False
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