Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Complete Newest Version

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,Chapter 1 GZ




Table of Contents GZ GZ




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 Questions ..................................................................................................................8
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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 W riting Rubric..........................................................................................................10
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Standard Discussion Rubric....................................................................................................12
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,Purpose and Perspective of the Chapter GZ GZ GZ GZ GZ




The purpose of this chapter is to examine the relationship between law and ethics. The chapterpres
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ents issues involved to determining the ethical responsibilities of businesses and provides student
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s a framework for analyzing and making ethical decisions.
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Cengage Supplements GZ




The following product- GZ GZ




level supplements provide additional information that may help you inpreparing your course. The
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y are available in the Instructor Resource Center.
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 PowerPoint Deck GZ




Listof Student Downloads G
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Students should download the following items from the Student Companion Center to completethe a
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ctivities and assignments related to this chapter: GZ GZ GZ GZ GZ GZ




 PowerPoint Deck (without teaching notes, activities, or answers) GZ GZ GZ GZ GZ GZ GZ




Chapter Objectives GZ




The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior GZ GZ GZ GZ GZ GZ




2. Explain the relationship between law and ethics GZ GZ GZ GZ GZ GZ




3. Compare duty-based ethics and utilitarian ethics GZ GZ GZ GZ GZ




4. Identify ethical problems in the global context GZ GZ GZ GZ GZ GZ




Key Terms GZ




business ethics: Ethics in a business context; a consensus of what constitutes right or wrong beha
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vior in the world of business and the application of moral principles to situations that arisein a busine
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ss setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethicalgui GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ Z
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deline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a pe
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rson should evaluate the action in terms of what would happen if everybody else in the same situati
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on, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and should actet GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ Z
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hically and be accountable to society for their actions.
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cost-benefit analysis: A decision- GZ GZ GZ




making technique that involves weighing the costs of a givenaction against the benefits of the action.
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duty-
based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto others, i
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ncluding both humans and the planet. Those duties may be derived from religious principles or from o
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ther philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor e
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thical standards to the particular situation at hand.
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, 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 isusu
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ally defined as compliance with the law.
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outcome-
based ethics: An ethical philosophy that focuses on the impacts of a decision onsociety or on k
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ey stakeholders.
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outsourcing: The practice by which a company hires an outside firm or individual to performwork GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ Z
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rather than hiring employees.
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principle of rights: The principle that human beings have certain fundamental rights (to life,free
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dom, and the pursuit of happiness, for example). A key factor in determining whether a business
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decision is ethical under this theory is how that decision affects the rights of others,such as emplo
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yees, consumers, suppliers, and the community.
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stakeholders: Groups, other than the company’s shareholders, that are affected by corporate dec GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ




isions. Stakeholders include employees, customers, creditors, suppliers, and the communityin whi
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ch the corporation operates.
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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. (Thebotto
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m line is people, planet, and profits.)
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utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan e GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ Z
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valuation 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 number
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of people affected by the decision.
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[return to top] GZ GZ




What's New in This Chapter GZ GZ GZ GZ




The following elements are improvements in this chapter from the previous edition:
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 New chapter title and chapter- GZ GZ GZ GZ




opening introduction scenario discussing recenttechnology scandal involving fing GZ GZ GZ GZ Z
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er-prick blood test kits GZ GZ GZ




 New chapter organization and subheads throughout (including new headings for
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―outsourcing‖ and ―corruption‖) GZ GZ




 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 ethics GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ GZ




, including in all of the new ―A Question of Ethics‖ problems in the remaining chapters.
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o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by- Z
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stepdiscussionand sample scenario. Z
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 1 New Exhibit 3– GZ GZ GZ




1: An Analysis of Ethical Approaches to the SampleDilemma (for new GZ GZ GZ GZ GZ GZ GZ GZ Z
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IDDR Approach) Z GZ




o 1 New Term & Concept GZ GZ GZ GZ




 outsourcing
 1 New Ethics Today feature—
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