Business Law: Text & Exercises (MindTap Course List)
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SOLUTION MANUAL df
Business Law: Text & Exercises (MindTap Course List) 10th
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Editionby RogerLeRoy Miller, William E. Hollowell Verified
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df Chapters1 -43, Complete df df df df
1
website, dfindfwhole df or dfin df
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, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 df
Table of Contents df df
Purpose and Perspective of the Chapter........................................................................................ 2
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Cengage Supplements ............................................................................................................... 2
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List of Student Downloads ........................................................................................................ 2
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Chapter Objectives ................................................................................................................... 2
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Key Terms ............................................................................................................................... 2
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What's New in This Chapter ....................................................................................................... 3
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Chapter Outline ........................................................................................................................ 4
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Discussion df Questions .................................................................................................................. 8
Additional Resources .............................................................................................................. 10
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Cengage Video Resources ................................................................................................... 10
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Appendix ................................................................................................................................ 10
Generic Rubrics................................................................................................................... 10
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Standard Writing Rubric ....................................................................................................... 10
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Standard Discussion Rubric ...................................................................................................... 12
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2
website, dfindfwhole df or dfin df
part.
, Business Law: Text & Exercises (MindTap Course List) df df df df df df df
Purpose and Perspective of the Chapter df df df df df
The purpose of this chapter is to examine the relationship between law and ethics. The
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chapterpresents issues involved to determining the ethical responsibilities of businesses and
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provides students a framework for analyzing and making ethical decisions.
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Cengage Supplements df
The following product-level supplements provide additional information that may help you
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inpreparing your course. They are available in the Instructor Resource Center.
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PowerPoint Deck df
List of Student Downloads
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Students should download the following items from the Student Companion Center to completethe
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activities and assignments related to this chapter:
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PowerPoint Deck (without teaching notes, activities, or answers) df df df df df df df
Chapter Objectives df
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior df df df df df df
2. Explain the relationship between law and ethics df df df df df df
3. Compare duty-based ethics and utilitarian ethics df df df df df
4. Identify ethical problems in the global context df df df df df df
Key Terms df
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
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behavior in the world of business and the application of moral principles to situations that arisein
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a business setting. categorical imperative: A concept developed by the philosopher Immanuel
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Kant as an ethicalguideline for behavior. In deciding whether an action is right or wrong, or
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desirable or undesirable, a person should evaluate the action in terms of what would happen if
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everybody else in the same situation, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and should
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actethically and be accountable to society for their actions.
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cost-benefit analysis: A decision-making technique that involves weighing the costs of a
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givenaction against the benefits of the action. d f df df df df df
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
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others, including both humans and the planet. Those duties may be derived from religious principles
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or from other philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
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ethical standards to the particular situation at hand.
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3
website, dfindfwhole df or dfin df
part.
, Business Law: Text & Exercises (MindTap Course List) df df df df df df df
ethics: Moral principles and values applied to social behavior.
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moral minimum: The minimum degree of ethical behavior expected of a business firm, which
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isusually defined as compliance with the law.
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outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision
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onsociety or on key stakeholders.
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outsourcing: The practice by which a company hires an outside firm or individual to performwork
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dfrather than hiring employees.
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principle of rights: The principle that human beings have certain fundamental rights (to
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life,freedom, and the pursuit of happiness, for example). A key factor in determining whether a
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business decision is ethical under this theory is how that decision affects the rights of others,such as
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employees, consumers, suppliers, and the community.
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stakeholders: Groups, other than the company’s shareholders, that are affected by corporate decisions.
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Stakeholders include employees, customers, creditors, suppliers, and the communityin which the
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corporation operates. df
triple bottom line: The idea that investors and others should consider not only corporate
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profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
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dfline is people, planet, and profits.)
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utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related
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toan evaluation of the consequences of a given action on those who will be affected by it. In
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utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
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number of people affected by the decision.
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[return to top] df df
What's New in This Chapter df df df df
The following elements are improvements in this chapter from the previous edition:
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New chapter title and chapter-opening introduction scenario discussing
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recent technology scandal involving finger-prick blood test kits
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New chapter organization and subheads throughout (including new headings for
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―outsourcing‖ and ―corruption‖) df df
New section on Making Ethical Business Decisions and new materials on Systematic
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Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze
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ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
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chapters.
o New ―Application of the IDDR Approach‖ subsection with step-by-step
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discussionand sample scenario. df df
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the df df df df df df df df df df df
Sample Dilemma (for new IDDR Approach) df df df df df
o 1 New Term & Concept df df df df
outsourcing
1 New Ethics Today feature—
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4
website, dfindfwhole df or dfin df
part.
df df df df df df df
SOLUTION MANUAL df
Business Law: Text & Exercises (MindTap Course List) 10th
df df df df df df df df df
Editionby RogerLeRoy Miller, William E. Hollowell Verified
df df df df df df df df
df Chapters1 -43, Complete df df df df
1
website, dfindfwhole df or dfin df
part.
, Business Law: Text & Exercises (MindTap Course List)
df df df df df df df
Chapter 1 df
Table of Contents df df
Purpose and Perspective of the Chapter........................................................................................ 2
df df df df df
Cengage Supplements ............................................................................................................... 2
df
List of Student Downloads ........................................................................................................ 2
df df df
Chapter Objectives ................................................................................................................... 2
df
Key Terms ............................................................................................................................... 2
df
What's New in This Chapter ....................................................................................................... 3
df df df df
Chapter Outline ........................................................................................................................ 4
df
Discussion df Questions .................................................................................................................. 8
Additional Resources .............................................................................................................. 10
df
Cengage Video Resources ................................................................................................... 10
df df
Appendix ................................................................................................................................ 10
Generic Rubrics................................................................................................................... 10
df
Standard Writing Rubric ....................................................................................................... 10
df df
Standard Discussion Rubric ...................................................................................................... 12
df df
2
website, dfindfwhole df or dfin df
part.
, Business Law: Text & Exercises (MindTap Course List) df df df df df df df
Purpose and Perspective of the Chapter df df df df df
The purpose of this chapter is to examine the relationship between law and ethics. The
df df df df df df df df df df df df df df df
chapterpresents issues involved to determining the ethical responsibilities of businesses and
df df df df df df df df df df df
provides students a framework for analyzing and making ethical decisions.
df df df df df df df df df
Cengage Supplements df
The following product-level supplements provide additional information that may help you
df df df df df df df df df df df
inpreparing your course. They are available in the Instructor Resource Center.
df df df df df df df df df df
PowerPoint Deck df
List of Student Downloads
df df df
Students should download the following items from the Student Companion Center to completethe
df df df df df df df df df df df df df
activities and assignments related to this chapter:
df df df df df df
PowerPoint Deck (without teaching notes, activities, or answers) df df df df df df df
Chapter Objectives df
The following objectives are addressed in this chapter:
df df df df df df df
1. Discuss how business can discourage unethical behavior df df df df df df
2. Explain the relationship between law and ethics df df df df df df
3. Compare duty-based ethics and utilitarian ethics df df df df df
4. Identify ethical problems in the global context df df df df df df
Key Terms df
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
df df df df df df df df df df df df df df df
behavior in the world of business and the application of moral principles to situations that arisein
df df df df df df df df df df df df df df df df
a business setting. categorical imperative: A concept developed by the philosopher Immanuel
df df df df df df df df df df df df
Kant as an ethicalguideline for behavior. In deciding whether an action is right or wrong, or
df df df df df df df df df df df df df df df df
desirable or undesirable, a person should evaluate the action in terms of what would happen if
df df df df df df df df df df df df df df df df
everybody else in the same situation, or category, acted the same way.
df df df df df df df df df df df
corporate social responsibility (CSR): The concept that corporations can and should
df df df df df df df df df df df
actethically and be accountable to society for their actions.
df df df df df df df df
cost-benefit analysis: A decision-making technique that involves weighing the costs of a
df df df df df df df df df df df df
givenaction against the benefits of the action. d f df df df df df
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
df df df df df df df df df df df df df df df
others, including both humans and the planet. Those duties may be derived from religious principles
df df df df df df df df df df df df df df df
or from other philosophical reasoning.
df df df df
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
df df df df df df df df df df df df df df df
ethical standards to the particular situation at hand.
df df df df df df df
3
website, dfindfwhole df or dfin df
part.
, Business Law: Text & Exercises (MindTap Course List) df df df df df df df
ethics: Moral principles and values applied to social behavior.
df df df df df df df df
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
df df df df df df df df df df df df df df
isusually defined as compliance with the law.
df df df df df df
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision
df df df df df df df df df df df df df
onsociety or on key stakeholders.
df d f df df
outsourcing: The practice by which a company hires an outside firm or individual to performwork
df df df df df df df df df df df df df df
dfrather than hiring employees.
df df df
principle of rights: The principle that human beings have certain fundamental rights (to
df df df df df df df df df df df df df
life,freedom, and the pursuit of happiness, for example). A key factor in determining whether a
df df df df df df df df df df df df df df df
business decision is ethical under this theory is how that decision affects the rights of others,such as
df df df df df df df df df df df df df df df df df
employees, consumers, suppliers, and the community.
df d f df df df
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate decisions.
df df df df df df df df df df df df df
Stakeholders include employees, customers, creditors, suppliers, and the communityin which the
df df df df df df df df df df df
corporation operates. df
triple bottom line: The idea that investors and others should consider not only corporate
df df df df df df df df df df df df df
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
df df df df df df df df df df df df df df df df
dfline is people, planet, and profits.)
df df df df df
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related
df df df df df df df df df df df df df
toan evaluation of the consequences of a given action on those who will be affected by it. In
df df df df df df df df df df df df df df df df df
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
df df df df df df df df df df df df df df df df
number of people affected by the decision.
df df df df df df
[return to top] df df
What's New in This Chapter df df df df
The following elements are improvements in this chapter from the previous edition:
df df df df df df df df df df df
New chapter title and chapter-opening introduction scenario discussing
df df df df df df df df
recent technology scandal involving finger-prick blood test kits
df df df df df df df
New chapter organization and subheads throughout (including new headings for
df df df df df df df df df
―outsourcing‖ and ―corruption‖) df df
New section on Making Ethical Business Decisions and new materials on Systematic
df df df df df df df df df df df
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze
df df df df df df df df df df df df df df df df
ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
df df df df df df df df df df df df df df df
chapters.
o New ―Application of the IDDR Approach‖ subsection with step-by-step
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discussionand sample scenario. df df
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the df df df df df df df df df df df
Sample Dilemma (for new IDDR Approach) df df df df df
o 1 New Term & Concept df df df df
outsourcing
1 New Ethics Today feature—
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4
website, dfindfwhole df or dfin df
part.
