Multiple Choice Questions

1. According to Nobel Prize winner Jean-Paul Sartre, __________ precedes __________.

• essence; existence
• self-actualization; perseverance
• existence; essence
• diligence; self-actualization

2. Which of the following ethical systems believes that the consequence of a decision or act is primary?

• Deontology
• Universalism
• Teleology
• Existentialism

3. Jenny is the chief executive officer of a company that has been affected by an economic downturn. She realizes that the only way for her company to remain in business during the period of recession is to cut costs drastically. She believes it would be better if all company employees took a 10 percent pay cut instead of laying off 10 percent of the workforce. She feels this is the correct decision, as it would benefit the company and all of its employees. Jenny's approach is consistent with __________.

• act-deontology
• rule-utilitarianism
• nihilism
• libertarianism

4. Psychologist Lawrence Kohlberg set forth a comprehensive theory of moral development in which he claimed that moral judgment evolves and improves primarily as a function of __________ and __________.

• age; education
• religion; spirituality
• family; friends
• success; failure

5. Which of the following is an integral part of "stage 4" of Kohlberg's theory of moral development?

• Doing right is one's duty.
• Obey rules to avoid punishment.
• Conform to secure rewards.
• Follow rules only if it is in one's own interest, but let others do the same.

6. Which of the following is false regarding the Foreign Corrupt Practices Act?

• It allows grease payments to foreign officials.
• It requires rigorous internal accounting controls to ensure bribes cannot be concealed as "slush" funds.
• It creates civil and criminal fines that can be levied on both individuals and companies.
• It requires all publicly traded companies to develop ethics codes for senior management.

7. In fiscal year 2015, federal false claims recoveries totaled approximately $__________.

• 1.25 billion
• 784 million
• 7.4 billion
• 3.5 billion

8. Section 406 of the Sarbanes-Oxley Act is designed to promote which of the following?

• Honest conduct
• Adherence to the minimal legal requirements associated with operating a business entity
• Compliance with disclosure and reporting requirements associated with an initial public offering (IPO)
• Compliance with the disclosure and reporting requirements associated with the dissolution and "winding up" of a publicly traded corporation