Which of the Following Statements About the Ethical Climate of Business

question 55

Multiple Choice

Which of the following statements about the ethical climate of business is false?

• A) Greedy corporate executives are, in part, to blame for the rash of corporate scandals that occurred not too long ago.
• B) Unethical business behavior can have a negative impact on our economy.
• C) The Sarbanes-Oxley Act strives to improve the overall quality of corporate reporting.
• D) The Robinson-Patman Act strives to improve the overall quality of corporate reporting.
• E) Corporate scandals have served as the accounting profession's wake-up call to pay increased attention to ethical issues in the conduct of business.

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Definitions:

Trait Theory

is a psychological perspective that suggests personality is composed of a number of broad traits, which are consistent patterns of thoughts, feelings, and behaviors.

Superego

In psychoanalytic theory, the part of the personality responsible for moral standards and self-critical judgment.

Moral Principle

A foundational belief or rule that guides ethical behavior, determining what is right and wrong in human conduct.

Erikson's Theory

A psychoanalytic theory of psychological development proposed by Erik Erikson, outlining eight stages of psychosocial development throughout the lifespan.