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Ethics Midterm > Chapter 3 > Flashcards

Chapter 3 Flashcards

1
Q

An ethical issue is a problem, situation, or opportunity that requires (a group/ an individual/both) to choose among actions.

A

Both.

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2
Q

True or false: Telling the truth to the best of your knowledge is considered honesty.

A

Yes, even if you may be wrong, you may be honest due to what circumstances you know. Honesty is truthfulness or trustworthiness

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3
Q

Failure to choose actions in ethical issues does not put the corporation in any risk. True or false?

A

False, it does put them in a risk. Is a problem in industries where winning is perceived to be a game.

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4
Q

Integrity can be defined as

A

Uncompromising adherence to ethical values. One of the most important terms relating to virtue

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5
Q

Misuse of company time is the (lowest/highest/neither) type of observed misconduct.

A

Highest. See picture Attached (slide 3)

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6
Q

Does Abusive or Intimidating behavior, one of the most common ethical problems, include ignoring someone or being unreasonable?

A

Yes. Can be “be physical threats, false accusations, profanity, insults, harshness, ignoring someone, or unreasonableness” depending on intent.

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7
Q

Are core values, lobbying and political activities, integrity in collecting and managing data, and supply chain relationships and human rights considered shareholder issues?

A

Yes, see picture attached (slide 8)

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8
Q

True or False: A lack of integrity, incomplete disclosure, or an unwillingness to tell the truth is dishonesty

A

truth

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9
Q

The tradeoff between equity and efficiency is (equality/optimization/reciprocity)

A

Optimization. Reciprocity and Equality are other components of fairness.

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10
Q

An ethical dilemma is a problem, situation, or opportunity that requires an individual or group to chose among several (wrong or unethical/right or ethical/both) actions

A

wrong or unethical. There is no ethical choice

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11
Q

Issues related to honesty arise when people perceive business as something where normal rules do not apply. True or false?

A

True

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12
Q

Define Misuse of Company Resources, the leading form of observed misconduct

A

Can range from unauthorized use of equipment and computers to embezzling company funds. Time theft costs organizations hundreds of billions in lost productivity annually

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13
Q

The quality of being just, equitable, and impartial is (fairness/equality/reciprocity)

A

Fairness. Equality and reciprocity are factors of fairness: Equality is about how wealth or in come is distributed, whereas reciprocity occurs when an action that has an effect upon another is returned

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14
Q

True or False: Discrediting other’s ideas and opinions, failing to communicate or return communication, and taking credit for others’ work are considered actions associated with bullies.

A

True, see picture attached (slide 11)

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15
Q

Define Omission Lying

A

intentionally not informing channel members of problems relating to a product that affects awareness, intention, or behavior

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16
Q

True or False: Bullying is declining

A

False. Bullying is a growing problem, often associated with a hostile workplace

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17
Q

Creating noise is an example of commission lying. Define it

A

creating a false perception with words that deceive the receiver

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18
Q

Joking without malice (desire to do so) is considered a lie. True or false?

A

True.

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19
Q

An offense committed by the official who receives the bribe is considered Active Bribery. True or False?

A

False. That’s Passive Bribery. Active bribery is the person who promises or gives the bribe commits the offense

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20
Q

Define Corporate intelligence

A

Election and analysis of information on: -Markets -Technologies -Customers and competitors -Socioeconomic and external political trends

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21
Q

Define conflicts of interest

A

Exist when an individual must choose whether to advance his/her personal interests, those of the organization, or some other group

22
Q

True or false: facilitation payments are legal as long as they are small

A

True

23
Q

True or false: Individuals can connect personal interests from business dealings

A

False, they must be seperated

24
Q

Social engineering is

A

Tricking of individuals to revealing their passwords or other valuable corporate information.

25
Q

The three types of hacking are:

A

System - assuming the attacker already has access to a low-level privigleged user account. Remote - involving remotely attempting to penetrate over internet. And physical - requires the agent enter a facility personally to obtain documents from an empty workstation.

26
Q

True or false: dumpster diving actually is what it sounds like

A

Yes. Though messy, it can be very successful if valuable information is thrown in the streets. Can be used to make fake company memo’s, for example.

27
Q

True or false: affirmative action programs Efforts to recruit, hire, train, and promote qualified individuals from groups that have traditionally been discriminated against

A

True

28
Q

Shoulder surfing - what the hell is it?

A

When someone looks over another’s shoulder while they are typing a password

29
Q

Whacking is wireless hacking. True or false?

A

True

30
Q

True or false: discrimination is not illegal in the US.

A

False. A company can be sued for discrimination if it refuses to hire one for discriminatory reasons, unreasonably excludes them from employment, unreasonably discharges him or her, or discriminates an individual with respect to things like privileges, promotion, employment terms, and hiring.

31
Q

Dual relationships are key ethical issues in sexual harassment. Can they be erhical?

A

Sure, unless the relationship causes a conflict of interest or impairment of professional judgment

32
Q

A repeated, unwanted behavior of a sexual nature perpetrated upon an individual by another is a sexual harassment. True or false?

A

true - duh

33
Q

Any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression is considered fraud.

A

True. Acounting fraud is one of the biggest, which includes -Misrepresentation of company’s financial reports -Dramatic changes in accounting field -Increased competition and pressures to perform can create opportunities for misconduct -Accountants should abide by a strict code of ethics

34
Q

True or false: once cannot have a personal, loving, and/or sexual relationship with someone with whom you share professional responsibilities?

A

False. Called a Dual Relationship. Can be unethical if relationship causes a conflict of interest or impairment of professional judgment

35
Q

Are internal audits, tips, or management reviews more commonly detecting operation frauds initially?

A

Tips. See picture attached (page 24)

36
Q

Define puffery

A

Exaggerated advertising claims, blustering, and boasting. Distinguishing this from fraud can be difficult.

37
Q

What type of fraud is the process of dishonestly creating, distributing, promoting, and pricing products?

A

Marketing fraud

38
Q

An advertising message that misleads, confuses, or deceives the public is a (literal/implied) falsity

A

implied.

39
Q

Collusion is not onsidered part of consumer fraud. True or false

A

False, perhaps it can involve an employee who helps a consumer commit fraud

40
Q

A consumer duping a store is known as

A

DUPlicity

41
Q

Consumer fraud is when consumers attempt to deceive businesses for personal gain. True or false?

A

True. Examples include Price tag switching, item switching, or lying to obtain discounts

42
Q

Guile is associated with a person who uses tricks to obtain an fair advantage. True or false?

A

False - Guile is associated with a person who uses tricks to obtain an UNfair advantage

43
Q

Books, movies, and software are considered

A

intellectual properties. These should be legally protected.

44
Q

True or False: Less than half of ethical issues become visible through stakeholder concerns

A

False: Most are, even though determining ethical issues is a challenge with changing societal standards over time.

45
Q

Which act called for reform after the recent financial crisis?

A

Dodd-Frank Wall Street Reform and Consumer Protection Act. It called for greater transparency and stricter controls on hedge funds and other instruments

46
Q

What starts when ethical issue awareness occurs and a discussion begins?

A

The ethical decision making process

47
Q

What was a key problem in the recent financial crisis in regards to financial misconduct?

A

The failure to understand and manage ethical risks. Many firms rewarded risk-taking. Difficult-to-understand financial instruments and murky accounting played roles.

48
Q

Define illegal insider trading

A

The buying or selling of stocks by insiders who possess material that is not public

49
Q

True or false: business world has many privacy issues

A

True. -Employee use of technology -Consumer privacy -Can be challenging for businesses today to meet the needs of consumers while protecting privacy

50
Q

True or False: all insider training that is considered illegal.

A

False. Legal insider trading: Involves legally buying and selling stock in an insider’s own company, but not legal all the time

51
Q

What is a growing problem in privacy in general?

A

Identity theft

52
Q
A

Ethics Midterm (6 decks)

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