Chapter 6

Question 1

Ethical

Answer 1

behavior or ethics are a
set of standards that govern the
conduct of a person, especially a
member of a profession.

Question 2

Legal

Answer 2

behavior follows the laws,
which may change over time.

Question 3

What is
business
ethics?

Answer 3

Values ;
Business ethics refers to
contemporary standards or
values that govern the
actions and behavior of
individuals in the business
organization and the actions
of the business as a whole

Question 4

Code of Ethics

Answer 4

Corporations and professional organizations, particularly licensing boards, will
usually have a written “Code of Ethics” that governs standards of professional
conduct expected of all in the field.

Question 5

Executives and Managers

Answer 5

Executives more value
Managers over see employees and report back

Question 6

Bribery

Answer 6

receiving with no alternative motive just receives

Question 7

Kick Back

Answer 7

bribery in exchange for a service

Question 8

Whistleblower

Answer 8

Awhistlebloweris a person who exposes information or activity that is deemed illegal, unethical, or incorrect within an organization that is either public or private.

Question 9

Joel has been accepting small presents from his company’s supplier for years. Now one supplier has approached him with an offer to share a $50K commission in exchange for a lucrative contract award. This action would be defined as:

Answer 9

C. A kickback
Key Word
Exchange

Question 10

David is a sales person for a large software company. In working with a new client on their needs for a new accounting system, he hears them converse about the need for a third-party consultant to help instill best business practices. Although David’s company offers the same professional services, David recommends his brother’s firm who is an independent consultant in the same field. This would be considered a _________.

Answer 10

conflict of interest.

Conflict of interest (COI)is an ethical challenge that occurs when an individual or organization is involved in multiple interests that are at odds with one another.

Question 11

What is the most positive outcome for a company or organization from whistleblower activities?

Answer 11

A whistleblower report shines a spotlight that stimulates immediate action to correct a situation of wrongdoing and longer-term action to prevent such activities from reoccurring.