32. Which of the following statements best describes the ethical position of Enron executives? a. If it’s legal, its ethical. b. If we are under pressure to keep the stock price up, we do what it takes. c. Everybody does it. d. both a and b ANS: D PTS: 1 NAT: AACSB: Ethics TOP: ethical views 33. of the following is not a requirement of Sarbanes-Oxley? a. code of ethics b. ethics hotline (anonymous) c. ethics officer d. both a and c ANS: D PTS: 1 NAT: AACSB: Ethics TOP: 34. Sarbanes-Oxley is: a. a philosophical school that serves society first b. federal legislation that imposed ethics requirements on corporations c. an international accounting treaty d. the former CEO of World.Com ANS: B PTS: 1 NAT: Ethics TOP: 35. Dennis Kozlowski, the former CEO of Tyco, who was famous for this lavish party and decorating expenses, said that he asked that all of his pay packages, loans, and expenditures be authorized by the board and company policy. a. The authorizations make all the expenses and loans ethical. b. Mr. Kozlowski could have taken unfair advantage of the board and his position. c. Being able to do something procedurally correct does not mean it is ethical. d. both b and c ANS: D PTS: 1 NAT: AACSB: Ethics TOP: ethical conduct 36. Which of the following countries is one of the best examples of the long-term impact of foreign business corruption? a. Russia b. Mexico c. Italy d. Japan ANS: C PTS: 1 NAT: Ethics TOP: international ethics
32. Which of the following statements best describes the ethical position of Enron executives? a. If it’s legal, its ethical. b. If we are under pressure to keep the stock price up, we do what it takes. c. Everybody does it. d. both a and b ANS: D PTS: 1 NAT: AACSB: Ethics TOP: ethical views 33. of the following is not a requirement of Sarbanes-Oxley? a. code of ethics b. ethics hotline (anonymous) c. ethics officer d. both a and c ANS: D PTS: 1 NAT: AACSB: Ethics TOP: 34. Sarbanes-Oxley is: a. a philosophical school that serves society first b. federal legislation that imposed ethics requirements on corporations c. an international accounting treaty d. the former CEO of World.Com ANS: B PTS: 1 NAT: Ethics TOP: 35. Dennis Kozlowski, the former CEO of Tyco, who was famous for this lavish party and decorating expenses, said that he asked that all of his pay packages, loans, and expenditures be authorized by the board and company policy. a. The authorizations make all the expenses and loans ethical. b. Mr. Kozlowski could have taken unfair advantage of the board and his position. c. Being able to do something procedurally correct does not mean it is ethical. d. both b and c ANS: D PTS: 1 NAT: AACSB: Ethics TOP: ethical conduct 36. Which of the following countries is one of the best examples of the long-term impact of foreign business corruption? a. Russia b. Mexico c. Italy d. Japan ANS: C PTS: 1 NAT: Ethics TOP: international ethics
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