Self Assessment Quizzes

Chapter 29: Section 1 The Nature of Ethics

	1.	The core values of honesty, trust, respect, and fairness reflected in a company’s practices and policies are called

		a.	business ethics.
		b.	shareholder value.
		c.	financial worth.
		d.	conflicts of interest.

	2.	Research indicates that good corporate behavior leads to

		a.	a decrease in growth and productivity.
		b.	weakened national economies.
		c.	positive business outcomes.
		d.	a decrease in customer loyalty.

	3.	The employee directly responsible for creating business conduct programs, evaluating performance, and enforcing standards of conduct is called an

		a.	ethics officer.
		b.	outreach officer.
		c.	attorney.
		d.	investor relations officer.

	4.	A formal policy of rules and standards that describes the ethical behaviors that a company expects from its managers and employees is called

		a.	an ethical dilemma.
		b.	a political climate.
		c.	modeling behavior.
		d.	a code of ethics.

	5.	After a code of ethics is created by a business, it is important to

		a.	distribute the code to employees and managers.
		b.	enforce the code when necessary.
		c.	help employees understand the importance of the code.
		d.	perform all of the above.

	6.	Accountants should demonstrate ethical behavior so that

		a.	clients will reward the accountant with personal gifts and perks.
		b.	public trust can be secured and maintained.
		c.	the accountant will gain personal financial interest in the companies served.
		d.	the credibility of the businesses served are undermined.

	7.	The discipline that deals with our notions of right and wrong is called

		a.	law.
		b.	ethics.
		c.	public trust.
		d.	independence.

	8.	By acting unethically, individuals contribute to

		a.	the common good.
		b.	increased self-esteem and respect from their peers.
		c.	an overall weakening of societal values and morals.
		d.	strong and healthy economies.