Business and Professional Ethics for Directors Executives Accountants 8th Edition Brooks - Test Bank
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Business and Professional Ethics for Directors Executives Accountants 8th Edition Brooks - Test Bank

Business and Professional Ethics for Directors Executives Accountants 8th Edition Brooks - Test Bank   Instant Download - Complete Test Bank With Answers     Sample Questions Are Posted Below   1. Corporations are now increasingly realizing that they are accountable   a. legally to shareholders.   b. legally to all stakeholders.   c. strategically to …

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Business and Professional Ethics for Directors Executives Accountants 8th Edition Brooks – Test Bank

 

Instant Download – Complete Test Bank With Answers

 

 

Sample Questions Are Posted Below

 

1. Corporations are now increasingly realizing that they are accountable

  a. legally to shareholders.
  b. legally to all stakeholders.
  c. strategically to additional stakeholders.
  d. legally to shareholders and all stakeholders.
  e. legally to shareholders and strategically to additional stakeholders.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Modern Governance & Accountability Framework – To Shareholders & Other Stakeholders
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 5:51 AM
DATE MODIFIED:   4/12/2018 5:52 AM

 

2. A company’s internal auditors and its Ethics Officer should report

  a. day-to-day to the CEO.
  b. day-to-day to the Audit Committee of the Board of Directors.
  c. regularly to the Audit Committee of the Board of Directors without management being present.
  d. day-to-day to the CEO, and regularly to the Audit Committee of the Board of Directors without management being present.
  e. day-to-day to both the CEO and the Audit Committee of the Board of Directors.

 

ANSWER:   d
POINTS:   1
REFERENCES:   Modern Governance & Accountability Framework – To Shareholders & Other Stakeholders
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 5:54 AM
DATE MODIFIED:   4/12/2018 5:55 AM

 

3. Which of the following is NOT true?

  a. Principles are more useful than rules because principles can be interpreted as new circumstances require.
  b. Rules are more useful than principles because rules can be interpreted as new circumstances require.
  c. A blend of principles and rules is often optimal.
  d. Principles are more useful than rules, and a blend of principles and rules is often optimal.
  e. All of these are correct.

 

ANSWER:   b
POINTS:   1
REFERENCES:   Modern Governance & Accountability Framework – To Shareholders & Other Stakeholders
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 5:56 AM
DATE MODIFIED:   4/12/2018 5:57 AM

 

4. Experience has revealed that, to be effective, a code must be reinforced by

  a. tone at the top.
  b. an ethics officer and internal auditors.
  c. a comprehensive ethical culture.
  d. principles, rules and examples.
  e. All of these are correct.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Modern Governance & Accountability Framework – To Shareholders & Other Stakeholders
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 5:58 AM
DATE MODIFIED:   4/12/2018 5:59 AM

 

5. Which of the following is NOT an ethics risk management principle?

  a. Normal definitions of risk are too narrow for stakeholder accountability.
  b. Assign responsibility; develop follow-up processes and board review.
  c. Discovery and remediation are essential.
  d. The code of ethics must be reviewed by independent parties.
  e. An ethics risk exists when expectations of stakeholders may not be met.

 

ANSWER:   d
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:00 AM
DATE MODIFIED:   4/12/2018 6:00 AM

 

6. A conflict of interest exists when a given decision maker (D) and another person (P) are in the following situation:

  a. D has to exercise judgment in P’s behalf.
  b. P has to exercise judgment in D’s behalf.
  c. D has a special interest that interferes with proper judgment.
  d. D has to exercise judgment in P’s behalf, and P has to exercise judgment in D’s behalf.
  e. D has to exercise judgment in P’s behalf, and D has a special interest that interferes with proper judgment.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Comprehension
DATE CREATED:   4/12/2018 6:01 AM
DATE MODIFIED:   4/12/2018 6:02 AM

 

7. A potential conflict of interest exists when a given decision maker (D) and another person (P) are in the following situation:

  a. P has a special interest that interferes with proper judgment.
  b. D may have to exercise judgment in P’s behalf.
  c. D has a special interest that interferes with proper judgment.
  d. P has a special interest that interferes with proper judgment, and D may have to exercise judgment in P’s behalf.
  e. D may have to exercise judgment in P’s behalf, and D has a special interest that interferes with proper judgment.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Comprehension
DATE CREATED:   4/12/2018 6:03 AM
DATE MODIFIED:   4/12/2018 6:04 AM

 

8. Which of these is the preferred approach for dealing with conflicts of interests?

  a. management
  b. disclosure
  c. remediation
  d. avoidance
  e. awareness

 

ANSWER:   d
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:04 AM
DATE MODIFIED:   4/12/2018 6:05 AM

 

9. A fundamental problem examined by agency theory is how it is possible to align

  a. shareholders’ and stakeholders’ goals.
  b. manager’s and stakeholders’ goals.
  c. shareholders’ and managers’ goals.
  d. principal’s and shareholders’ goals.
  e. agent’s and stakeholders’ goals.

 

ANSWER:   c
POINTS:   1
REFERENCES:   Cases on Product Safety
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:06 AM
DATE MODIFIED:   4/12/2018 6:07 AM

 

10. The 20/60/20 rule states that the total percent of employees who could commit a fraudulent act is

  a. 20%.
  b. 60%.
  c. 80%.
  d. 100%.
  e. None of these are correct.

 

ANSWER:   b
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:08 AM
DATE MODIFIED:   4/12/2018 6:08 AM

 

11. Which of the following is NOT a characteristic identified by forensic experts in prospective fraud situations?

  a. high intelligence
  b. greed
  c. need for whatever is taken
  d. opportunity to take advantage
  e. low probability of being caught

 

ANSWER:   a
POINTS:   1
REFERENCES:   Threats to Good Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:10 AM
DATE MODIFIED:   4/12/2018 6:10 AM

 

12. The primary focus of a compliance-based ethics program is

  a. preventing, detecting and punishing violations of the law.
  b. defining organizational values and encouraging employee commitment.
  c. improving image and relationship with stakeholders.
  d. protecting management from blame.
  e. All of these are correct.

 

ANSWER:   a
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:12 AM
DATE MODIFIED:   4/12/2018 6:13 AM

 

13. The primary focus of an integrity-based ethics program is

  a. preventing, detecting and punishing violations of the law.
  b. defining organizational values and encouraging employee commitment.
  c. improving image and relationship with stakeholders.
  d. protecting management from blame.
  e. All of these are correct.

 

ANSWER:   b
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:14 AM
DATE MODIFIED:   4/12/2018 6:15 AM

 

14. The most important factor in encouraging employee observance to an ethics program is that employees perceive that it is

  a. compliance-based.
  b. values-based.
  c. achievement-oriented.
  d. stakeholder-based.
  e. externally oriented.

 

ANSWER:   b
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:16 AM
DATE MODIFIED:   4/12/2018 6:17 AM

 

15. Building trust within an organization can have favorable impact on employees’ willingness to share information and ideas in a process of

  a. ethical awareness.
  b. ethical awakening.
  c. ethical renewal.
  d. ethical wave.
  e. None of these are correct.

 

ANSWER:   c
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:18 AM
DATE MODIFIED:   4/12/2018 6:19 AM

 

16. A Conference Board survey identified which of the following rationales for developing codes of ethics?

  a. Make employees aware that adherence is critical to bottom-line success.
  b. Provide a statement of do’s and don’ts.
  c. Discuss what is expected in stakeholder relationships.
  d. Establish values and mission.
  e. All of these are correct.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:20 AM
DATE MODIFIED:   4/13/2018 9:26 AM

 

17. Which code deals with ethics principles plus additional examples?

  a. credo
  b. code of ethics
  c. code of conduct
  d. code of practice
  e. All of these are correct.

 

ANSWER:   c
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Understanding
DATE CREATED:   4/12/2018 6:22 AM
DATE MODIFIED:   4/12/2018 6:22 AM

 

18. Which of the following is NOT a mechanism for monitoring a code of ethics?

  a. ethics audit or internal audit procedures
  b. reviews by legal department
  c. awards and bonuses
  d. annual sign-off by employees
  e. employee surveys

 

ANSWER:   c
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:23 AM
DATE MODIFIED:   4/12/2018 6:24 AM

 

19. Which of the following is NOT an example of emerging public accountability standards or initiatives?

  a. SOX-404
  b. GRI
  c. AA-1000
  d. FTSE4Good
  e. All of these are correct.

 

ANSWER:   a
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:25 AM
DATE MODIFIED:   4/12/2018 6:26 AM

 

20. SOX imposed which of the following new penalties for executives?

  a. fines
  b. suspension
  c. criminal prosecution for executives
  d. return of ill-gotten gains
  e. All of these are correct.

 

ANSWER:   c
POINTS:   1
REFERENCES:   Key Elements of Corporate Governance & Accountability
QUESTION TYPE:   Multiple Choice
HAS VARIABLES:   False
KEYWORDS:   Blooms: Remembering
DATE CREATED:   4/12/2018 6:27 AM
DATE MODIFIED:   4/12/2018 6:28 AM

 

 

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