30 Questions
What is the underlying message of the Lehman Brothers case according to the text?
Transparency and accountability are crucial in the business world.
How did the accountants who chose not to act impact the industry, according to the text?
Let down the entire industry and professionals within it.
What led to the demise of Lehman Brothers, as discussed in the text?
Conscious decisions to deceive and manipulate by executives.
Why does the text suggest that ethics education is important for corporations?
To improve how corporations behave ethically.
What lesson can be learned from the Lehman Brothers case, as highlighted in the text?
Right actions upfront might be difficult but help prevent unethical practices.
What is suggested as a key improvement for corporations based on the Lehman Brothers case?
Enhancing transparency and accountability through ethics education.
What is the primary reason for businesses to maintain a code of conduct?
To earn profits and grow the economy
What type of problems can business ethics examine?
Ethical dilemmas faced by businesses
Can business ethics be enforced by law or by force?
No, business ethics cannot be enforced by law or by force
What is the role of an organization's internal business environment in ensuring ethical norms are followed?
It should be explored to ensure set ethical norms are being followed
What is the primary purpose of embedding ethics in an organization's culture?
To create a more ethical environment
What is the relationship between good relations and earning profits for a business?
Good relations can lead to earning profits
Which of the following is NOT a specialization of Ms.Paramita Dhar?
Finance
What is the ISBN number of the book?
978-93-5119-836-9
What is the address of the publisher?
4435/7, Ansari Road, Daryaganj, New Delhi–110002
Who is the author of the book?
Dr.Arunachal Khosla
Who reviewed the book?
Ms.Paramita Dhar
Which of the following is NOT a chapter in the book?
Ethical Issues in Functional Areas of Marketing
What is the relationship between integrity and honesty?
Honesty can exist without integrity
Why is trust essential for a business to sustain?
All of the above
What is the difference between fairness and ethics?
Fairness is about being just and equitable
How can fairness be imbibed in an organization?
By freeing all processes from external influences and respecting stakeholders
What happens if a business does not maintain mutual trust among its stakeholders?
It cannot sustain
Why do stakeholders prefer to deal with organizations that fulfill promises?
To win the trust of these stakeholders
What was the purpose of using Repo 105 by Lehman Brothers?
To intentionally mislead stakeholders and maintain confidence
How long was Repo 105 used by Lehman Brothers?
For two consecutive quarters
What was the result of the Lehman Brothers' executive team's inability to manage the issue?
A dangerous increase in the bank's leverage
What would have been a better course of action for Lehman Brothers?
To fully and accurately disclose the details of its finances
What was the purpose of creating a phantom subsidiary by Lehman Brothers?
To grossly manipulate the bank's stakeholders
How was Repo 105 used by Lehman Brothers?
To move assets away from the balance sheet
Test your knowledge on course design for Business Ethics, Governance & Risk with questions on key concepts, principles, and best practices. Explore topics such as organizational behaviour, HRM, and business ethics & corporate governance.
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