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Category > Business & Finance Posted 07 Aug 2023 My Price 5.00

Business 302 Foundations of Leadership Chapter 7 Quiz 2 Business Ethics in Contemporary Businesses - Quiz & Worksheet

1. All of the following are examples of the way Wells Fargo and its senior executives violated the code of business ethics, EXCEPT?

  1. They violated established laws on money transfers.

  2. Executives legally bought and sold company stock.

  3. They created fictitious accounts

  4. They billed customers for unneeded insurance policies.

2. The purchasing manager for an auto manufacturer mistakenly told a supplier that an order of tires was needed on August 10th, when they were in fact needed by July 31st. The CEO faced quite a dilemma. What should they do?

  1. Tell the vendor that the tires are expected by July 31st, or they will use another supplier.

  2. Communicate the information to shareholders immediately.

  3. Halt production until August 10th and suffer the income loss.

  4. Come clean with the vendor, and tell them of the employee's mistake and request that they speed up the order.

3. How are vendor relations and investor relations similar?

  1. Both are relations that a company has with outside groups or individuals.
  2. They are unimportant to the company from a financial standpoint.
  3. Both are internal relationships for a company.
  4. The company purchases goods or services in both relationships.

4. An employee of a large multinational firm makes a mistake with a client's account. Company policy dictates that he immediately contact the client and let them know what happened. However, he knows he can fix the mistake easily, without worrying the client. What would the ethical course of action be?

  1. Leave the account as it is, maybe the client won't see the mistake on her account statement.
  2. Go to a manager and have the manager help fix the account.
  3. Follow the rules of conduct set up by the company and tell the client what happened.
  4. Fix the account, this will limit the damage to the business's relationship with the client.

5. The investors in a company want an across-the-board price hike on all company products. The store managers react by saying that customers will not like this. The ethical conflict is between _____ and _____.

  1. employees and vendors

  2. vendors and employees

  3. customers and employees

  4. investors and customers

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SmartExpert
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Status NEW Posted 07 Aug 2023 12:08 PM My Price 5.00

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1691413224-Chapter 7 Quiz 2 Business Ethics in Contemporary Businesses - Quiz Worksheet.pdf
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