TEST BANK
Test Bank for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C Ferrell, John Fraedrich
| All Chapters 1- 12 | Latest (2026/2027) Updated
Version
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
CHAPTER 01: The Importance of Business Ethics
CHAPTER 02: Stakeholder Relationships, Social Responsibility, and Corporate Governance
CHAPTER 03: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
CHAPTER 04: The Institutionalization of Business Ethics
CHAPTER 05: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
CHAPTER 06: Ethical Decision Making
CHAPTER 07: Individual Factors: Moral Philosophies and Values
CHAPTER 08: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
CHAPTER 09: Developing and Implementing an Effective Ethics Program
CHAPTER 10: Global Business Ethics Issues
CHAPTER 11: Ethical Leadership
CHAPTER 12: Technology: Ethics and Social Responsibility Issues
, CHAPTER 01: The Importance of Business Ethics
1) Principles are
A) laws and regulations that guide behavior in the world of business.
B) mores, values, and customs that guide behavior in general.
C) specific and pervasive boundaries for behavior that are universal and absolute.
D) the obligations businesses assume to maximize their positive impact and
minimize their negative impact on stakeholders.
E) the mores, values, and customs that parents teach their children.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an
organizational perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical
Responsibilities
KEYWORDS: Blooms: Comprehension
2) Social responsibility is
A) an organization's obligation to maximize its positive effects and minimize its negative
effects on stakeholders.
B) principles and standards that guide behavior in the world of business.
, C) a business's responsibility not to pollute the environment.
D) a business's responsibility to manufacture products that function properly.
E) charitable contributions made by a business to enhance its image.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the
workplace and the pressures for unethical behavior.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical
Responsibilities
KEYWORDS: Blooms: Knowledge
3) The was/were enacted to restore confidence in financial reporting and business ethics
after the accounting scandals of the early 2000s.
A) Defense Industry Initiative on Business Ethics and Conduct
B) Sarbanes-Oxley Act
C) Federal Sentencing Guidelines for Organizations
D) Foreign Corrupt Practices Act
E) Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13
Test Bank for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C Ferrell, John Fraedrich
| All Chapters 1- 12 | Latest (2026/2027) Updated
Version
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
CHAPTER 01: The Importance of Business Ethics
CHAPTER 02: Stakeholder Relationships, Social Responsibility, and Corporate Governance
CHAPTER 03: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
CHAPTER 04: The Institutionalization of Business Ethics
CHAPTER 05: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
CHAPTER 06: Ethical Decision Making
CHAPTER 07: Individual Factors: Moral Philosophies and Values
CHAPTER 08: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
CHAPTER 09: Developing and Implementing an Effective Ethics Program
CHAPTER 10: Global Business Ethics Issues
CHAPTER 11: Ethical Leadership
CHAPTER 12: Technology: Ethics and Social Responsibility Issues
, CHAPTER 01: The Importance of Business Ethics
1) Principles are
A) laws and regulations that guide behavior in the world of business.
B) mores, values, and customs that guide behavior in general.
C) specific and pervasive boundaries for behavior that are universal and absolute.
D) the obligations businesses assume to maximize their positive impact and
minimize their negative impact on stakeholders.
E) the mores, values, and customs that parents teach their children.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an
organizational perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical
Responsibilities
KEYWORDS: Blooms: Comprehension
2) Social responsibility is
A) an organization's obligation to maximize its positive effects and minimize its negative
effects on stakeholders.
B) principles and standards that guide behavior in the world of business.
, C) a business's responsibility not to pollute the environment.
D) a business's responsibility to manufacture products that function properly.
E) charitable contributions made by a business to enhance its image.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the
workplace and the pressures for unethical behavior.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical
Responsibilities
KEYWORDS: Blooms: Knowledge
3) The was/were enacted to restore confidence in financial reporting and business ethics
after the accounting scandals of the early 2000s.
A) Defense Industry Initiative on Business Ethics and Conduct
B) Sarbanes-Oxley Act
C) Federal Sentencing Guidelines for Organizations
D) Foreign Corrupt Practices Act
E) Dodd-Frank Wall Street Reform and Consumer Protection Act
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13
