πŸ“Š Corporate Governance
Q. Inside traders ordinarily defend their actions by claiming that they don’t injure:
  • (A) their boss.
  • (B) their family.
  • (C) the government.
  • (D) any one.
πŸ’¬ Discuss
βœ… Correct Answer: (D) any one.
πŸ“Š Corporate Governance
Q. The Sarbanes-Oxley Act:
  • (A) makes it easier to fire whistle blowers.
  • (B) reduces the law’s protection of employees who disclose securities fraud.
  • (C) makes it illegal for executives to retaliate against employees who report possible violations of federal law.
  • (D) provides penalties for blowing the whistle illegitimately or maliciously.
πŸ’¬ Discuss
βœ… Correct Answer: (D) provides penalties for blowing the whistle illegitimately or maliciously.
πŸ“Š Corporate Governance
Q. A whistle-blower:
  • (A) doesn’t have to be a past or present member of the organization.
  • (B) doesn’t have to report activity that is illegal, immoral, or harmful.
  • (C) is any employer who spreads gossip.
  • (D) far from being disloyal, may be acting in the best interest of the organization.
πŸ’¬ Discuss
βœ… Correct Answer: (C) is any employer who spreads gossip.
πŸ“Š Corporate Governance
Q. One classic example of whistle-blowing is the:
  • (A) Ford Pinto case.
  • (B) Lincoln case.
  • (C) Toyota case.
  • (D) none of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (A) Ford Pinto case.
πŸ“Š Corporate Governance
Q. One whistle blower the text mentions is Cynthia Cooper who was the vice president of internal audit at .
  • (A) Enron
  • (B) WorldCom
  • (C) Tyco
  • (D) none of the above
πŸ’¬ Discuss
βœ… Correct Answer: (B) WorldCom
πŸ“Š Corporate Governance
Q. An example of a whistle blower whose actions were a form of internal government whistle blowing is:
  • (A) Sherron Watkins.
  • (B) Coleen Rowley.
  • (C) Cynthia Cooper.
  • (D) Lee Iacocca.
πŸ’¬ Discuss
βœ… Correct Answer: (B) Coleen Rowley.
πŸ“Š Corporate Governance
Q. There are conditions that, if satisfied, change the moral status of whistle blowing.
  • (A) three
  • (B) four
  • (C) five
  • (D) six
πŸ’¬ Discuss
βœ… Correct Answer: (C) five
πŸ“Š Corporate Governance
Q. What is the name of the process in which an employee informs another responsible employee in the company about potentially unethical behavior?
  • (A) Whistle-blowing
  • (B) Purging and releasing
  • (C) Identification
  • (D) Information transfer
πŸ’¬ Discuss
βœ… Correct Answer: (A) Whistle-blowing
πŸ“Š Corporate Governance
Q. The Sarbanes-Oxley Act was a direct response to which ethics scandals?
  • (A) Tyco
  • (B) WorldCom
  • (C) Enron
  • (D) None of the above.
πŸ’¬ Discuss
βœ… Correct Answer: (C) Enron
πŸ“Š Corporate Governance
Q. Which board of directors committee is responsible for the guidelines on how the board of directors should operate.
  • (A) Operating
  • (B) Corporate governance
  • (C) Corporate compliance
  • (D) Guiding
πŸ’¬ Discuss
βœ… Correct Answer: (B) Corporate governance