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SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
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, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 w
Table of Contents
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PurposewandwPerspectivewofwthewChapter ............................................................................................................. 2
CengagewSupplements ................................................................................................................................................. 2
ListwofwStudentwDownloads .................................................................................................................................... 2
ChapterwObjectives ......................................................................................................................................................... 2
KeywTerms .......................................................................................................................................................................... 2
What'swNewwinwThiswChapter ...................................................................................................................................... 3
ChapterwOutline ............................................................................................................................................................... 4
DiscussionwQuestions .................................................................................................................................................... 8
AdditionalwResources ................................................................................................................................................. 10
CengagewVideowResources .................................................................................................................................. 10
Appendix ......................................................................................................................................................................... 10
GenericwRubrics ........................................................................................................................................................ 10
StandardwWritingwRubric ...................................................................................................................................... 10
StandardwDiscussionwRubric ................................................................................................................................ 12
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, Business Law: Text & Exercises (MindTap Course List)
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Purpose and Perspective of the Chapter
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Thewpurposewofwthiswchapterwiswtowexaminewthewrelationshipwbetweenwlawwandwethics.wThewcha
pterwpresentswissueswinvolvedwtowdeterminingwthewethicalwresponsibilitieswofwbusinesseswandwpr
ovideswstudentswawframeworkwforwanalyzingwandwmakingwethicalwdecisions.
Cengage Supplements w
Thewfollowingwproduct-
levelwsupplementswprovidewadditionalwinformationwthatwmaywhelpwyouwinwpreparingwyourwcou
rse.wTheywarewavailablewinwthewInstructorwResourcewCenter.
PowerPointwDeck
List of Student Downloads
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StudentswshouldwdownloadwthewfollowingwitemswfromwthewStudentwCompanionwCenterwtowcompl
etewthewactivitieswandwassignmentswrelatedwtowthiswchapter:
PowerPointwDeckw(withoutwteachingwnotes,wactivities,worwanswers)
Chapter Objectives
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Thewfollowingwobjectiveswarewaddressedwinwthiswchapter:
1. Discusswhowwbusinesswcanwdiscouragewunethicalwbehavior
2. Explainwthewrelationshipwbetweenwlawwandwethics
3. Comparewduty-basedwethicswandwutilitarianwethics
4. Identifywethicalwproblemswinwthewglobalwcontext
Key Terms
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businesswethics:wEthicswinwawbusinesswcontext;wawconsensuswofwwhatwconstituteswrightworwwron
gwbehaviorwinwthewworldwofwbusinesswandwthewapplicationwofwmoralwprincipleswtowsituationswtha
twarisewinwawbusinesswsetting.
categoricalwimperative:wAwconceptwdevelopedwbywthewphilosopherwImmanuelwKantwaswanweth
icalwguidelinewforwbehavior.wInwdecidingwwhetherwanwactionwiswrightworwwrong,worwdesirableworw
undesirable,wawpersonwshouldwevaluatewthewactionwinwtermswofwwhatwwouldwhappenwifweverybo
dywelsewinwthewsamewsituation,worwcategory,wactedwthewsamewway.
corporatewsocialwresponsibilityw(CSR):wThewconceptwthatwcorporationswcanwandwshould
wactwethicallywandwbewaccountablewtowsocietywforwtheirwactions.
cost-benefitwanalysis:wAwdecision-
makingwtechniquewthatwinvolveswweighingwthewcostswofwawgivenwactionwagainstwthewbenefitswofw
thewaction.
duty-
basedwethics:wAnwethicalwphilosophywrootedwinwthewideawthatweverywpersonwhaswcertainwdutieswt
owothers,wincludingwbothwhumanswandwthewplanet.wThosewdutieswmaywbewderivedwfromwreligious
wprinciplesworwfromwotherwphilosophicalwreasoning.
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, Business Law: Text & Exercises (MindTap Course List)
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ethicalwreasoning:wAwreasoningwprocesswinwwhichwanwindividualwlinkswhisworwherwmoralwconvict
ionsworwethicalwstandardswtowthewparticularwsituationwatwhand.
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