BusinessLaw:Text&Exercises(MindTapCourseList)
f f f f f f f
SOLUTIONMANUAL f
BusinessLaw:Text&Exercises(MindTapCourseList)
f f f f f f f
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
f f f f f f f f
1
website,in whole or in part.
f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList)
f f f f f f f
Chapter1 f
Tableof Contents f f
Purposeand Perspective of the Chapter ..................................................................................................................... 2
f f f f f
Cengage Supplements ................................................................................................................................................... 2
f
Listof Student Downloads ......................................................................................................................................... 2
f f f
ChapterObjectives .......................................................................................................................................................... 2
f
Key Terms ............................................................................................................................................................................ 2
f
What's New in This Chapter ............................................................................................................................................ 3
f f f f
ChapterOutline................................................................................................................................................................. 4
f
Discussion Questions ...................................................................................................................................................... 8
f
AdditionalResources ................................................................................................................................................... 10
f
Cengage Video Resources ..................................................................................................................................... 10
f f
Appendix ......................................................................................................................................................................... 10
Generic Rubrics.......................................................................................................................................................... 10
f
Standard Writing Rubric.......................................................................................................................................... 10
f f
StandardDiscussion Rubric ................................................................................................................................... 12
f f
2
website,in whole or in part.
f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList) f f f f f f f
PurposeandPerspectiveofthe Chapter f f f f f
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
f f f f f f f f f f f f f f f
presents issues involved to determining the ethical responsibilities of businesses and provides
f f f f f f f f f f f f
students a framework foranalyzing and makingethical decisions.
f f f f f f f f f
CengageSupplements f
The following product-level supplements provide additional information that may help you in
f f f f f f f f f f f
preparingyour course. They are available in the Instructor Resource Center.
f f f f f f f f f f f
• PowerPoint Deck f
ListofStudentDownloads
f f f
Students should download the following items from the Student Companion Center to completethe
f f f f f f f f f f f f f
activities and assignments related to this chapter:
f f f f f f f
• PowerPoint Deck (withoutteaching notes, activities, or answers) f f f f f f f
ChapterObjectives f
The following objectives are addressed in this chapter:
f f f f f f f
1. Discuss how business can discourage unethical behavior f f f f f f
2. Explain therelationship between lawand ethics f f f f f f
3. Compareduty-basedethics andutilitarian ethics f f f f f
4. Identify ethical problemsin theglobal context f f f f f f
KeyTerms f
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
f f f f f f f f f f f f f f f
in the world of business and the application of moral principles to situations that arisein a business
f f f f f f f f f f f f f f f f f f
setting.
f
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical f f f f f f f f f f f f
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
f f f f f f f f f f f f f f f f f
person should evaluate the action in terms of what would happen if everybody else in the same
f f f f f f f f f f f f f f f f f
situation, or category, acted the same way.
f f f f f f f
corporate social responsibility (CSR): The concept that corporations can and should act f f f f f f f f f f f
ethically and be accountable to society for theiractions.
f f f f f f f f f
cost-benefit analysis: A decision-making technique that involves weighing the costs of a givenaction f f f f f f f f f f f f f
against the benefits of theaction.
f f f f f f
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto f f f f f f f f f f f f f f f
others, including both humans and the planet. Those duties may be derived from religious principles or
f f f f f f f f f f f f f f f f
from otherphilosophical reasoning.
f f f f
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
f f f f f f f f f f f f f f f
ethical standards to the particular situationat hand.
f f f f f f f f
3
website,in whole or in part. f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList) f f f f f f f
ethics:Moral principles and values applied to social behavior.
f f f f f f f f
moral minimum: The minimum degree of ethical behavior expected of a business firm, which isusually
f f f f f f f f f f f f f f f
defined as compliance with the law.
f f f f f f
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on f f f f f f f f f f f f f
society or on key stakeholders.
f f f f f
outsourcing: The practice by which a company hires an outside firm or individual to performwork f f f f f f f f f f f f f f f
rather than hiring employees.
f f f f
principle of rights: The principle that human beings have certain fundamental rights (to life,
f f f f f f f f f f f f f
freedom, and the pursuit of happiness, for example). A key factor in determining whether a business
f f f f f f f f f f f f f f f f
decision is ethical under this theory is how that decision affects the rights of others,such as
f f f f f f f f f f f f f f f f f
employees, consumers, suppliers, and thecommunity.
f f f f f f
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate f f f f f f f f f f f
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
f f f f f f f f f f f
which thecorporation operates.
f f f f
triple bottomline: The idea that investors and othersshould consider notonly corporate
f f f f f f f f f f f f f
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
f f f f f f f f f f f f f f f f f
line is people, planet, and profits.)
f f f f f f
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan f f f f f f f f f f f f f f
evaluation of theconsequences of a given action on those who will be affected by it. In
f f f f f f f f f f f f f f f f f
utilitarian reasoning, a ―good‖ decision is one thatresults in the greatest good for the greatest number of
f f f f f f f f f f f f f f f f f
peopleaffected by the decision.
f f f f f
[return to top] f f
What'sNew inThisChapter f f f f
The following elements are improvements in this chapter fromthe previousedition:
f f f f f f f f f f f
• New chapter title and chapter-opening introduction scenario discussing recent
f f f f f f f f
technology scandal involving finger-prick blood test kits
f f f f f f f
• Newchapter organizationand subheads throughout(including new headings for
f f f f f f f f f
―outsourcing‖and ―corruption‖) f f
• Newsection onMaking Ethical BusinessDecisionsandnewmaterials on Systematic
f f f f f f f f f f f
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, f f f f f f f f f f f f f f f f
f including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. f f f f f f f f f f f f f f
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionandf f f f f f f f f f
sample scenario.
f f
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
f f f f f f f f f f f
Dilemma (for new IDDR Approach)
f f f f f
o 1 New Term & Conceptf f f f
• outsourcing
• 1 NewEthicsToday feature—
f f f f
4
website,in whole or in part. f f f f f
f f f f f f f
SOLUTIONMANUAL f
BusinessLaw:Text&Exercises(MindTapCourseList)
f f f f f f f
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
f f f f f f f f
1
website,in whole or in part.
f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList)
f f f f f f f
Chapter1 f
Tableof Contents f f
Purposeand Perspective of the Chapter ..................................................................................................................... 2
f f f f f
Cengage Supplements ................................................................................................................................................... 2
f
Listof Student Downloads ......................................................................................................................................... 2
f f f
ChapterObjectives .......................................................................................................................................................... 2
f
Key Terms ............................................................................................................................................................................ 2
f
What's New in This Chapter ............................................................................................................................................ 3
f f f f
ChapterOutline................................................................................................................................................................. 4
f
Discussion Questions ...................................................................................................................................................... 8
f
AdditionalResources ................................................................................................................................................... 10
f
Cengage Video Resources ..................................................................................................................................... 10
f f
Appendix ......................................................................................................................................................................... 10
Generic Rubrics.......................................................................................................................................................... 10
f
Standard Writing Rubric.......................................................................................................................................... 10
f f
StandardDiscussion Rubric ................................................................................................................................... 12
f f
2
website,in whole or in part.
f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList) f f f f f f f
PurposeandPerspectiveofthe Chapter f f f f f
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
f f f f f f f f f f f f f f f
presents issues involved to determining the ethical responsibilities of businesses and provides
f f f f f f f f f f f f
students a framework foranalyzing and makingethical decisions.
f f f f f f f f f
CengageSupplements f
The following product-level supplements provide additional information that may help you in
f f f f f f f f f f f
preparingyour course. They are available in the Instructor Resource Center.
f f f f f f f f f f f
• PowerPoint Deck f
ListofStudentDownloads
f f f
Students should download the following items from the Student Companion Center to completethe
f f f f f f f f f f f f f
activities and assignments related to this chapter:
f f f f f f f
• PowerPoint Deck (withoutteaching notes, activities, or answers) f f f f f f f
ChapterObjectives f
The following objectives are addressed in this chapter:
f f f f f f f
1. Discuss how business can discourage unethical behavior f f f f f f
2. Explain therelationship between lawand ethics f f f f f f
3. Compareduty-basedethics andutilitarian ethics f f f f f
4. Identify ethical problemsin theglobal context f f f f f f
KeyTerms f
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
f f f f f f f f f f f f f f f
in the world of business and the application of moral principles to situations that arisein a business
f f f f f f f f f f f f f f f f f f
setting.
f
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical f f f f f f f f f f f f
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
f f f f f f f f f f f f f f f f f
person should evaluate the action in terms of what would happen if everybody else in the same
f f f f f f f f f f f f f f f f f
situation, or category, acted the same way.
f f f f f f f
corporate social responsibility (CSR): The concept that corporations can and should act f f f f f f f f f f f
ethically and be accountable to society for theiractions.
f f f f f f f f f
cost-benefit analysis: A decision-making technique that involves weighing the costs of a givenaction f f f f f f f f f f f f f
against the benefits of theaction.
f f f f f f
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto f f f f f f f f f f f f f f f
others, including both humans and the planet. Those duties may be derived from religious principles or
f f f f f f f f f f f f f f f f
from otherphilosophical reasoning.
f f f f
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
f f f f f f f f f f f f f f f
ethical standards to the particular situationat hand.
f f f f f f f f
3
website,in whole or in part. f f f f f
, BusinessLaw:Text&Exercises(MindTapCourseList) f f f f f f f
ethics:Moral principles and values applied to social behavior.
f f f f f f f f
moral minimum: The minimum degree of ethical behavior expected of a business firm, which isusually
f f f f f f f f f f f f f f f
defined as compliance with the law.
f f f f f f
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on f f f f f f f f f f f f f
society or on key stakeholders.
f f f f f
outsourcing: The practice by which a company hires an outside firm or individual to performwork f f f f f f f f f f f f f f f
rather than hiring employees.
f f f f
principle of rights: The principle that human beings have certain fundamental rights (to life,
f f f f f f f f f f f f f
freedom, and the pursuit of happiness, for example). A key factor in determining whether a business
f f f f f f f f f f f f f f f f
decision is ethical under this theory is how that decision affects the rights of others,such as
f f f f f f f f f f f f f f f f f
employees, consumers, suppliers, and thecommunity.
f f f f f f
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate f f f f f f f f f f f
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
f f f f f f f f f f f
which thecorporation operates.
f f f f
triple bottomline: The idea that investors and othersshould consider notonly corporate
f f f f f f f f f f f f f
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
f f f f f f f f f f f f f f f f f
line is people, planet, and profits.)
f f f f f f
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan f f f f f f f f f f f f f f
evaluation of theconsequences of a given action on those who will be affected by it. In
f f f f f f f f f f f f f f f f f
utilitarian reasoning, a ―good‖ decision is one thatresults in the greatest good for the greatest number of
f f f f f f f f f f f f f f f f f
peopleaffected by the decision.
f f f f f
[return to top] f f
What'sNew inThisChapter f f f f
The following elements are improvements in this chapter fromthe previousedition:
f f f f f f f f f f f
• New chapter title and chapter-opening introduction scenario discussing recent
f f f f f f f f
technology scandal involving finger-prick blood test kits
f f f f f f f
• Newchapter organizationand subheads throughout(including new headings for
f f f f f f f f f
―outsourcing‖and ―corruption‖) f f
• Newsection onMaking Ethical BusinessDecisionsandnewmaterials on Systematic
f f f f f f f f f f f
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, f f f f f f f f f f f f f f f f
f including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. f f f f f f f f f f f f f f
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionandf f f f f f f f f f
sample scenario.
f f
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
f f f f f f f f f f f
Dilemma (for new IDDR Approach)
f f f f f
o 1 New Term & Conceptf f f f
• outsourcing
• 1 NewEthicsToday feature—
f f f f
4
website,in whole or in part. f f f f f
