TEST BANK For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Verified Chapters 1 - 12, Complete Newest Version

TEST BANK cf




Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS cf cf cf




Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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3: Sustainability: Ethical and Social Responsibility Dimensions
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Part 2: Ethical Issues and the Institutionalization of Business Ethics
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4: The Institutionalization of Business Ethics
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5: Emerging Business Ethics Issues
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Part 3: The Decision-Making Process
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6: Ethical Decision Making
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7: Individual Factors: Moral Philosophies and Values
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8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
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9: Developing and Implementing an Effective Ethics Program
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10: Global Business Ethics Issues
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11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principles are cf



a. laws and regulations that guide behavior in the world of business.
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b. mores, values, and customs that guide behavior in general.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on
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stakeholders.
cf



e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 cf



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
cf c f cf cf cf cf cf cf cf cf cf cf


perspective. cf



NATIONAL STANDARDS: United States - BUSPROG: Ethics cf cf cf cf cf cf cf



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
cf cf cf cf cf cf cf cf cf cf cf



KEYWORDS: Blooms: Comprehension cf




2. Social responsibility is
cf cf


a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
cf cf cf cf cf cf cf cf cf cf cf cf cf cf



b. principles and standards that guide behavior in the world of business.
cf cf cf cf cf cf cf cf cf cf



c. a business's responsibility not to pollute the environment.
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d. a business's responsibility to manufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 cf



LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
cf c f cf cf cf cf cf cf cf cf cf cf cf cf cf cf cf


pressures for unethical behavior. cf cf cf cf



NATIONAL STANDARDS: United States - BUSPROG: Ethics cf cf cf cf cf cf cf



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
cf cf cf cf cf cf cf cf cf cf cf



KEYWORDS: Blooms: Knowledge cf

, 3. The cf
was/were enacted to restore confidence in financial reporting and business ethics after the accounting
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scandals of the early 2000s.
cf cf cf cf cf


a. Defense Industry Initiative on Business Ethics and Conduct
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b. Sarbanes-Oxley Act cf



c. Federal Sentencing Guidelines for Organizations
cf cf cf cf



d. Foreign Corrupt Practices Act cf cf cf



e. Dodd-Frank Wall Street Reform and Consumer Protection Act cf cf cf cf cf cf cf




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 cf



LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
cf c f cf cf cf cf cf cf cf cf cf cf cf



NATIONAL STANDARDS: United States - BUSPROG: Ethics cf cf cf cf cf cf cf



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
cf cf cf cf cf cf cf cf cf cf cf



KEYWORDS: Blooms: Knowledge cf




4. The term business ethics is best described by the following statement:
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a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
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b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
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judgments, standards and rules of conduct."
cf cf cf cf cf cf



c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
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or standards governing the conduct of the members of a profession."
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d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on
cf cf cf cf cf cf cf cf cf cf cf cf cf cf cf


stakeholders.
cf



e. It comprises the principles, values, and standards that guide behavior in the world of business.
cf cf cf cf cf cf cf cf cf cf cf cf cf cf




ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 cf



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
cf c f cf cf cf cf cf cf cf cf cf cf


perspective. cf



NATIONAL STANDARDS: United States - BUSPROG: Ethics cf cf cf cf cf cf cf



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
cf cf cf cf cf cf cf cf cf cf cf



KEYWORDS: Blooms: Knowledge cf