TEST BANK for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich, Verified
Chapters 1 – 12
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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 Institutionalization of Business
Ethics 4: The Institutionalization of 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: Implementing Business Ethics in a Global
Economy
9: Developing and Implementing an Effective Ethics
Program 10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
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1 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 onstakeholders.
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.
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