Test Bank for Business Ethics: Ethical Decision Making and Cases 13th Edition by Ferrell & Fraedrich

TEST BANK for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich,
Verified Chapters 1 – 12

,TABLE OF CONTENTS

Part 1:An Overview of Business Ethics 1:

The Importance of Business Ethics

2: Stakeholder Relationships, Social Responsibility, and Corporate

Governance

3: Sustainability: Ethical and Social Responsibility Dimensions

Part 2: Ethical Issues and the Institutionalizationof Business Ethics 4: The

Institutionalizationof Business Ethics

5: Emerging Business Ethics Issues Part

3: The Decision- Making Process 6: Ethical

Decision Making

7: Individual Factors: Moral Philosophies and Values

8: Organizational Factors: The Role of Ethical Culture and Relationships Part 4:

ImplementingBusiness Ethics in a Global Economy

9: Developing and Implementingan Effective Ethics Program 10:

Global Business Ethics Issues

11:Ethical Leadership

12:Technology:Ethics and Social Responsibility Issues

, 1The Importanceof Business Ethics

1. Principles are
a. laws and regulationsthat guide behaviorin the world of business.
b. mores, values,and customs that guidebehaviorin general.
c. specific and pervasive boundariesfor behaviorthat are universal and absolute.
d. the obligationsbusinessesassumeto maximizetheir positiveimpactand minimizetheir negative impact
onstakeholders.
e. the mores, values, and customs that parents teach their children.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNINGOBJECTIVES: LO: 1- 1- Explore conceptualizationsof business ethics from an organizational perspective.
NATIONALSTANDARDS: UnitedStates - BUSPROG:Ethics
STATE STANDARDS: UnitedStates - NONE- DISC: Ethical Responsibilities- Ethical Responsibilities
KEYWORDS: Blooms:Comprehension

2. Social responsibilityis
a. an organization'sobligationto maximizeits positiveeffects andminimizeits negativeeffectson stakeholders.
b. principles and standards that guidebehaviorin the world of business.
c. a business'sresponsibilitynot to pollutethe environment.
d. a business'sresponsibilityto manufactureproductsthat functionproperly.
e. charitable contributionsmadeby a business to enhanceits image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES:LO: 1- 4 - Gaininsight into the extentof ethical misconductin the workplace and the pressures
for unethical behavior.
NATIONALSTANDARDS: UnitedStates - BUSPROG:Ethics
STATE STANDARDS: UnitedStates - NONE- DISC: Ethical Responsibilities- Ethical Responsibilities
KEYWORDS: Blooms:Knowledge

, 3. The was/were enactedto restore confidencein financial reportingand business ethics after the
accountingscandalsof the early 2000s.
a. DefenseIndustryInitiativeon Business Ethics and Conduct
b. Sarbanes- Oxley Act
c. Federal SentencingGuidelinesfor Organizations
d. Foreign CorruptPractices Act
e. Dodd- Frank Wall Street Reform and ConsumerProtectionAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13
LEARNINGOBJECTIVES:LO: 1- 2 - Examine the historical foundationsand evolutionof business ethics.
NATIONALSTANDARDS: UnitedStates - BUSPROG:Ethics
STATE STANDARDS: UnitedStates - NONE- DISC: Ethical Responsibilities- Ethical Responsibilities
KEYWORDS: Blooms:Knowledge

4. The term business ethics is best describedby the followingstatement:
a. It is the study and philosophyof humanconduct,with an emphasis on determiningright and wrong.
b. It is an "inquiryinto the natureand groundsof morality where the term moralityis taken to mean
moraljudgments,standards and rules of conduct."
c. It is the "studyof thegeneral nature of morals and of specific moral choices;moral philosophy;and the
rulesor standards governing the conductof the members of a profession."
d. It is an organization'sobligationtomaximizeits positiveeffects andminimizeits negative effects
onstakeholders.
e. It comprises the principles,values, and standards that guidebehaviorin the world of business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5
LEARNINGOBJECTIVES: LO: 1- 1- Explore conceptualizationsof business ethics from an organizational perspective.
NATIONALSTANDARDS: UnitedStates - BUSPROG:Ethics
STATE STANDARDS: UnitedStates - NONE- DISC: Ethical Responsibilities- Ethical Responsibilities
KEYWORDS: Blooms:Knowledge