Quiz 1
• 1
The most critical quality of ethical decision making is o objectivity o economics o expeditions o consistency
Correct
• 2
A major consequence of the Sarbanes-Oxley Act of 2002 has been the o political fallout in congress o super growth in accounting firms in the U.S. o reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries
Correct
• 3
Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach? o Social justice approach o Moral rights approach o Business ethics approach o Utilitarian approach
Correct
• 4
The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called o corporate audit o going green o corporate services o corporate social responsibility
Correct
• 5
Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations? o Functional o Business o Management o Corporate
Correct
• 6
Which level of strategy uses a portfolio approach? o Business o Functional o Corporate o Operational
Correct
• 7
This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm. o Company sponsor o Company slogan o Company commercial o Company creed
Correct
• 8
Which law revised and strengthened auditing and account standards? o National Environmental Policy Act of 1969 o Sarbanes-Oxley Act of 2002 o Federal Fair Trade Act of 1986 o Truth in Lending Act of 1968
Correct
• 9
For the past 28 years, ABC, Inc. has made a significant
The most critical quality of ethical decision making is o objectivity o economics o expeditions o consistency
Correct
• 2
A major consequence of the Sarbanes-Oxley Act of 2002 has been the o political fallout in congress o super growth in accounting firms in the U.S. o reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries
Correct
• 3
Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach? o Social justice approach o Moral rights approach o Business ethics approach o Utilitarian approach
Correct
• 4
The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called o corporate audit o going green o corporate services o corporate social responsibility
Correct
• 5
Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations? o Functional o Business o Management o Corporate
Correct
• 6
Which level of strategy uses a portfolio approach? o Business o Functional o Corporate o Operational
Correct
• 7
This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm. o Company sponsor o Company slogan o Company commercial o Company creed
Correct
• 8
Which law revised and strengthened auditing and account standards? o National Environmental Policy Act of 1969 o Sarbanes-Oxley Act of 2002 o Federal Fair Trade Act of 1986 o Truth in Lending Act of 1968
Correct
• 9
For the past 28 years, ABC, Inc. has made a significant