1. One of the most well-known organizations promoting ethical behavior worldwide is the Transparency International Organization. TRUE 2.

Bribery is much more prevalent in countries such as the U.S., Germany, England, and Canada. FALSE 3. Corporate social responsibility has more negative benefits than positive benefits for organizations. FALSE 4. Stockholder theory states that shareholders or owners have the right to control and earn residual earnings or profits. TRUE 5. Stakeholder theory argues that companies need to go beyond satisfying the needs of shareholders only. TRUE 6. What is Business Ethics? a. It refers to societys perception of what is right or wrong. b. It refers to the principles and standards that guide business. c. It refers to the degree to which individuals have to be provided with some compensation. d. It is a strategic approach to managing ethics in an organization. 7. Which one of the following is an example of occupational fraud? a. Skimming b. Billing c. Expense reimbursement d. All of the above. 8. ______________ represents a strategic approach to managing ethics in an organization. a. Ethics b. Stockholder Theory c. Stakeholder Theory d. Corporate Social Responsibility 9. Who is the Nobel Prize winner in economics who argued that the sole responsibility of any corporation is to make profits? a. Milton Friedman b. Edward Freeman c. John Cullen d. John Boatright 10. The Stakeholder theory is____________________________________. a. An approach that assumes that companies need to go beyond satisfying the needs of shareholders only. b. An approach that assumes that shareholders or owners have the right to control and earn residual earnings or profits. c. A strategic approach to managing ethics in an organization. d. The principles and standards that guide business.