Employees Expect Businesses To
Question: To truly create an ethical culture, managers must ______.
Answer: show a strong commitment to ethics and compliance
Question: An individual’s values, principles, and standards of conduct are referred to as ______.
Answer: personal ethics
Question: Identify the TRUE statement about legal issues in business.
Answer: Many problems in business could be avoided if managers and employees knew more about business law and the legal system.
Question: The Dodd-Frank Act was passed to reform the ______ industry.
Answer: financial
Question: Social responsibility is defined as ______.
Answer: a business’s obligation to maximize its positive impact and minimize its negative impact on society
Question: Which scenario best represents a company with a strong ethical culture?
Answer: The top management at Tom’s company clearly communicate to all employees the ethical behavior that is expected of them.
Question: The legal rules and regulations that govern the conduct of business is referred to as ______.
Answer: business law
Question: ______ is/are principles and standards that determine acceptable conduct in business.
Answer: Business ethics
Question: True or false: Most legal issues arise as choices that society deems unethical, irresponsible or unacceptable.
Answer: True
Question: Which act was passed to reform the financial industry and offer consumers protection against complex and/or deceptive financial products?
Answer: Dodd-Frank