TEST BANK For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Verified Chapters 1 - 12, Complete Newest Version

TEST BANK
Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12

,TABLE OF CONTENTS O O O




Part 1: An Overview of Business Ethics
O O O O O O




1: The Importance of Business Ethics
O O O O O




2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
O O O O O O O




3: Sustainability: Ethical and Social Responsibility Dimensions
O O O O O O




Part 2: Ethical Issues and the Institutionalization of Business Ethics
O O O O O O O O O




4: The Institutionalization of Business Ethics
O O O O O




5: Emerging Business Ethics Issues
O O O O




Part 3: The Decision-Making Process
O O O O




6: Ethical Decision Making
O O O




7: Individual Factors: Moral Philosophies and Values
O O O O O O




8: Organizational Factors: The Role of Ethical Culture and Relationships
O O O O O O O O O




Part 4: Implementing Business Ethics in a Global Economy
O O O O O O O O




9: Developing and Implementing an Effective Ethics Program
O O O O O O O




10: Global Business Ethics Issues
O O O O




11: Ethical Leadership
O O




12: Technology: Ethics and Social Responsibility Issues
O O O O O O

,1: The Importance of Business Ethics
O O O O O




1. Principles are O



a. laws and regulations that guide behavior in the world of business.
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b. mores, values, and customs that guide behavior in general.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on st
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akeholders.
e. the mores, values, and customs that parents teach their children.
O O O O O O O O O




ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 O




LEARNING OBJECTIVES: LO: 1-1 - O O O O



Explore conceptualizations of business ethics from an organizational perspective.
O O O O O O O O O




NATIONAL STANDARDS: United States - BUSPROG: Ethics
O O O O O O O




STATE STANDARDS: O United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities O O O O O O O O O O




KEYWORDS: Blooms: Comprehension O




2. Social responsibility is
O O




a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles and standards that guide behavior in the world of business.
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c. a business's responsibility not to pollute the environment.
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d. a business's responsibility to manufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 O




LEARNING OBJECTIVES:LO: 1-4 - O O O O



Gain insight into the extent of ethical misconduct in the workplace and the pressures for un
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ethical behavior. O




NATIONAL STANDARDS: United States - BUSPROG: Ethics
O O O O O O O




STATE STANDARDS: O United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities O O O O O O O O O O




KEYWORDS: Blooms: Knowledge O

, 3. The O



was/were enacted to restore confidence in financial reporting and business ethics after the accounting sc
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andals of the early 2000s.
O O O O



a. Defense Industry Initiative on Business Ethics and Conduct
O O O O O O O




b. Sarbanes-Oxley Act O




c. Federal Sentencing Guidelines for Organizations
O O O O




d. Foreign Corrupt Practices Act
O O O




e. Dodd-Frank Wall Street Reform and Consumer Protection Act
O O O O O O O




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 O




LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
O O O O O O O




STATE STANDARDS:
O United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities O O O O O O O O O O




KEYWORDS: Blooms: Knowledge O




4. The term business ethics is best described by the following statement:
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a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
O O O O O O O O O O O O O O O O




b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral ju
O O O O O O O O O O O O O O O O O O O O



dgments, standards and rules of conduct."
O O O O O




c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or
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standards governing the conduct of the members of a profession."
O O O O O O O O O




d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on st
O O O O O O O O O O O O O O O O



akeholders.
e. It comprises the principles, values, and standards that guide behavior in the world of business.
O O O O O O O O O O O O O O




ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 O




LEARNING OBJECTIVES:LO: 1-1 - O O O O



Explore conceptualizations of business ethics from an organizational perspective. O O O O O O O O O




NATIONAL STANDARDS: United States - BUSPROG: Ethics
O O O O O O O




STATE STANDARDS:
O United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
O O O O O O O O O O




KEYWORDS: Blooms: Knowledge O