BUS6600: M4 - Quiz | Score for this quiz: 100 out of 100 | Submitted Feb 7 at 5:01am ...

BUS6600: M4 - Quiz 

Score for this quiz: 100 out of 100 

Submitted Feb 7 at 5:01am

Question 1                               4 pts
It is accurate to state that ethical dilemmas in business

• often force us to choose between equally unsatisfactory alternatives.
• always end up bringing out the best in us.
• force us to make poor choices.
• define us as being moral absolutists or moral situationalists.

 
Question 2                               4 pts
Considering the potential impact on others prior to making a decision is consistent with __________ behavior.

• legal
• self-motivated
• anti-social
• ethical

 
Question 3                               4 pts
The position a firm takes on issues that affect the corporation as well as society is known as its

• corporate policy.
• target posturing.
• political philanthropy.
• structural positioning.

 
Question 4                              4 pts
Which question will help individuals and organizations when deciding if their decisions are ethical?

• Is it balanced?
• Is there a desirable alternative?
• Can I do this without getting caught?
• Has it been done before?

 
Question 5                               4 pts
When managers disregard the company's ethical concerns, the likely result is

• a reduction in lawsuits.
• an improvement in overall manager morale.
• a reduction in employee turnover.
• a general mistrust between workers and management.

 
Question 6                               4 pts
The first and most basic step when facing an ethical dilemma is to ask

• "Is it balanced?"
• "Is it profitable?"
• "How will it make me feel about myself?"
• "Is it legal?"

 
Question 7                               4 pts
Organizational ethics begins with

• an understanding of the law.
• strong managers.
• the individual values of employees.
• traditional religious institutions.

 
Question 8                               4 pts
Determining what is involved for a firm to be socially responsible

• varies, and has several dimensions.
• is clear-cut and easy.
• varies from industry to industry due to different laws.
• helps government officials develop appropriate legislation.

 
Question 9                               4 pts
A payoff for socially conscious behavior is

• new and loyal customers.
• a large pool of investors.
• a large pool of talented employees.
• longevity due to a stable external environment.

 
Question 10                               4 pts
What is the most basic reason why a business should be managed ethically?

• Your employees demand it.
• There are strict global regulations require it.
• It's the right thing to do.
• It's the law in the United States.

 
Question 11                               4 pts
A(n) __________-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

• legal
• compliance
• corporate responsibility
• integrity

 
Question 12                               4 pts
When working with international firms, U.S. businesses

• expect socially responsible behavior from their business partners.
• try to avoid judging international business partners by U.S. standards.
• tend to ignore the ethics of their international partners.
• feel that their responsibility is limited to the United States.

 
Question 13                               4 pts
Early settlers of the New World relied heavily on barter because

• they found barter more convenient than the use of money.
• money had not yet evolved.
• they wanted to protest against British control of the banking system.
• strict laws limited the number of coins that could be brought into the colonies.

 
Question 14                               4 pts
__________ represent money set aside by corporations, nonprofit organizations, or unions to cover part of the retirement needs of their members.

• Term-life retirement funds
• Annuity accounts
• Individual retirement accounts
• Pension funds

 
Question 15                               4 pts
Which institution primarily finances economic development projects in less-developed countries?

• International Monetary Fund
• International Reserve Bank
• International Development Administration
• World Bank

 
Question 16                               4 pts
The Federal Reserve System consists of __________ Federal Reserve banks.

• 5
• 12
• 14
• 9

 
Question 17                               4 pts
For banks, check-processing activities

• are not trustworthy and reliable.
• are expensive and time consuming.
• are extremely efficient and have deterred customers from using other ways to access their funds.
• still represent the cheapest way to permit customers use of their funds.

 
Question 18                              4 pts
A __________ represents an unconditional agreement by a bank to pay a specified amount at a particular time.

• certified trade acceptance
• banker's acceptance
• guaranteed funds agreement
• letter of credit

 
Question 19                               4 pts
The __________ category of money supply includes money that is quickly and easily accessed.

• M-2
• e-cash
• M-3
• M-1

 
Question 20                               4 pts
When the value of the U.S. dollar increases relative to other currencies,

• the rate of inflation increases.
• U.S. goods become less expensive to foreign buyers.
• the size of the national debt decreases.
• foreign goods become less expensive to U.S. consumers.

 
Question 21                               4 pts
An increase in the rate of inflation would likely result from a(n)

• increase in the supply of money in circulation.
• rise in interest rates.
• rise in the unemployment rate.
• decrease in spending by the federal government.

 
Question 22                               4 pts
The Fed uses __________ to regulate the money supply.

• the political negotiation process
• the discount rate
• the deposit requirement
• stock market investments

 
Question 23                               4 pts
A time deposit that earns interest is a

• debit account.
• certificate of deposit.
• checking account.
• discount deposit.

 
Question 24                               4 pts
Under the Federal Reserve Act of 1913,

• membership in the Federal Reserve System was required of all banks that had deposits of more than $1 million.
• membership in the Federal Reserve System was made voluntary for all banks.
• federally chartered banks were required to join the Federal Reserve System.
• all banks were required to hold reserves equal to at least 50 percent of their deposits.

 
Question 25                               4 pts
Which institution helps to provide for the smooth flow of money between nations?

• International Exchange Center
• International Monetary Fund
• Foreign Exchange Bank
• World Bank