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