Question 1

The ethics audit can pinpoint areas where improving operating practices can improve both bottom-line profits and

Accepted Answer

A)   investor loyalty.
B)   employee satisfaction.
C)   customer satisfaction.
D)   stakeholder relationships.
E)   attitudes.F) A) and B)
G) C) and D) D

Question 2

When the Chris Hani Baragwanath Hospital in Johannesburg, South Africa, conducted focus groups with the hospital's management, doctors, nurses, related health professionals, support staff, and patients, it was in which of the following stages of the ethics auditing process?

Accepted Answer

A)   Collect and analyze relevant information.
B)   Review organizational mission, goals, values, and policies.
C)   Interview stakeholders.
D)   Report the results.
E)   Verify the results.F) B) and E)
G) A) and E)

Question 3

During which of the following steps of the ethics auditing process should stakeholders be defined and then interviewed, in order to integrate stakeholder feedback into the process?

Accepted Answer

A)   Secure commitment of top managers and directors
B)   Establish a committee to oversee the audit
C)   Define the scope of the audit
D)   Collect and analyze relevant information
E)   Verify the resultsF) B) and D)
G) All of the above

Question 4

Which of the following is not an example of a problem that may arise from an ethics audit?

Accepted Answer

A)   They can be expensive.
B)   They can be time-consuming.
C)   Employees may fear comprehensive evaluations.
D)   They may reduce ethical compliance.
E)   Selecting qualified auditors may be difficult.F) C) and D)
G) None of the above

Question 5

A ____ is the process of assessing and reporting a business' performance in fulfilling the economic, legal, and philanthropic responsibilities expected by its stakeholders.

Accepted Answer

A)   performance audit
B)   ethics audit
C)   management audit
D)   legal audit
E)   social auditF) D) and E)
G) B) and C)

Question 6

To measure the effectiveness of its recently established ethics program, Spacely Sprockets, Inc., is conducting a systematic evaluation of its ethics program and performance. This is called a(n)

Accepted Answer

A)   environmental-impact audit.
B)   social audit.
C)   ethics audit.
D)   legal-compliance audit.
E)   customer-satisfaction audit.F) A) and D)
G) B) and C)

Question 7

Ethics auditing is similar to ____ auditing in that it employs the same procedures and processes to create a system of integrity that includes objective reporting.

Accepted Answer

A)   social
B)   regular
C)   financial
D)   citizenship
E)   legalF) B) and E)
G) A) and B)

Question 8

Describe some of the problems associated with conducting an ethics audit. Suggest some strategies for dealing with these issues.

Accepted Answer

Conducting an ethics audit can present several challenges. One problem is that it can be difficult to measure and quantify ethical behavior and culture within an organization. Ethics is often subjective and can vary from person to person, making it challenging to create standardized metrics for evaluation. Additionally, employees may be hesitant to report unethical behavior or may not fully understand what constitutes ethical conduct, leading to incomplete or inaccurate data.

Another issue is that an ethics audit may uncover sensitive information or wrongdoing within the organization, which can lead to legal and reputational risks. This can create a difficult balance between transparency and protecting the organization's interests.

To address these challenges, organizations can implement several strategies. First, they can provide comprehensive training and education on ethical conduct to ensure that employees understand the expectations and are comfortable reporting any unethical behavior. This can help to improve the accuracy and completeness of the audit data.

Additionally, organizations can create anonymous reporting mechanisms, such as hotlines or online reporting tools, to encourage employees to come forward with any concerns without fear of retaliation. This can help to uncover unethical behavior that may otherwise go unreported.

Finally, organizations can work with legal and compliance teams to develop a plan for addressing any potential legal or reputational risks that may arise from the audit findings. This can help to mitigate the impact of any negative findings and protect the organization from potential fallout.

Overall, conducting an ethics audit requires careful planning and consideration of potential challenges, but with the right strategies in place, organizations can effectively address these issues and improve their ethical culture.

Question 9

Research suggests that publicity about unethical behavior can lower stock prices for at least ____ months.

Accepted Answer

A)   six
B)   three
C)   twelve
D)   nine
E)   twoF) C) and E)
G) D) and E)

Question 10

Ideally, the ethics audit should be overseen by the

Accepted Answer

A)   board of directors' financial audit committee.
B)   board of directors.
C)   chief executive officer.
D)   ethics officer.
E)   outside consultant.F) A) and E)
G) All of the above

Question 11

Which of the following statements about ethics audits is false?

Accepted Answer

A)   They provide an opportunity to measure conformity to the firm's desired ethical standards.
B)   They are systematic evaluations of an organization's ethics program and performance to determine whether it is effective.
C)   They provide an objective method for demonstrating a company's commitment to improving strategic planning, including its compliance with legal and ethical standards and social responsibility.
D)   They can be a component of a social audit.
E)   They are the same thing as a social audit.F) None of the above
G) A) and B) E

Exam 9: Implementing and Auditing Ethics Programs

The ethics audit can pinpoint areas where improving operating practices can improve both bottom-line profits and

Correct Answer
verified
D

When the Chris Hani Baragwanath Hospital in Johannesburg, South Africa, conducted focus groups with the hospital's management, doctors, nurses, related health professionals, support staff, and patients, it was in which of the following stages of the ethics auditing process?

Correct Answer
verified

During which of the following steps of the ethics auditing process should stakeholders be defined and then interviewed, in order to integrate stakeholder feedback into the process?

Correct Answer
verified

Which of the following is not an example of a problem that may arise from an ethics audit?

Correct Answer
verified

A ____ is the process of assessing and reporting a business' performance in fulfilling the economic, legal, and philanthropic responsibilities expected by its stakeholders.

Correct Answer
verified

To measure the effectiveness of its recently established ethics program, Spacely Sprockets, Inc., is conducting a systematic evaluation of its ethics program and performance. This is called a(n)

Correct Answer
verified

Ethics auditing is similar to ____ auditing in that it employs the same procedures and processes to create a system of integrity that includes objective reporting.

Correct Answer
verified

Describe some of the problems associated with conducting an ethics audit. Suggest some strategies for dealing with these issues.

Research suggests that publicity about unethical behavior can lower stock prices for at least ____ months.

Correct Answer
verified

Ideally, the ethics audit should be overseen by the

Correct Answer
verified

Which of the following statements about ethics audits is false?

Correct Answer
verified
E

Exam 9: Implementing and Auditing Ethics Programs

The ethics audit can pinpoint areas where improving operating practices can improve both bottom-line profits and

Correct AnswerverifiedD

When the Chris Hani Baragwanath Hospital in Johannesburg, South Africa, conducted focus groups with the hospital's management, doctors, nurses, related health professionals, support staff, and patients, it was in which of the following stages of the ethics auditing process?

Correct AnswerverifiedShow Answer

During which of the following steps of the ethics auditing process should stakeholders be defined and then interviewed, in order to integrate stakeholder feedback into the process?

Correct AnswerverifiedShow Answer

Which of the following is not an example of a problem that may arise from an ethics audit?

Correct AnswerverifiedShow Answer

A ____ is the process of assessing and reporting a business' performance in fulfilling the economic, legal, and philanthropic responsibilities expected by its stakeholders.

Correct AnswerverifiedShow Answer

To measure the effectiveness of its recently established ethics program, Spacely Sprockets, Inc., is conducting a systematic evaluation of its ethics program and performance. This is called a(n)

Correct AnswerverifiedShow Answer

Ethics auditing is similar to ____ auditing in that it employs the same procedures and processes to create a system of integrity that includes objective reporting.

Correct AnswerverifiedShow Answer

Describe some of the problems associated with conducting an ethics audit. Suggest some strategies for dealing with these issues.

Research suggests that publicity about unethical behavior can lower stock prices for at least ____ months.

Correct AnswerverifiedShow Answer

Ideally, the ethics audit should be overseen by the

Correct AnswerverifiedShow Answer

Which of the following statements about ethics audits is false?

Correct AnswerverifiedE

Correct Answer
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D

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Correct Answer
verified
E