TEST BANK for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich,
Verified Chapters 1 – 12
,TABLE OF CONTENTS a l a l
Part 1: An Overview of Business Ethics 1: T
a l a l a l a l a l a l a l a l
he Importance of Business Ethics
a l a l a l a l
2: Stakeholder Relationships, Social Responsibility, and Corporate Gov
a l a l a l a l a l a l a l
ernance
3: Sustainability: Ethical and Social Responsibility Dimensions
a l a l a l a l a l a l
Part 2: Ethical Issues and the Institutionalization of Business Ethics 4: T
a l a l a l a l a l a l a l a l a l a l a l
he Institutionalization of Business Ethics
a l a l a l a l
5: Emerging Business Ethics Issues Part
a l a l a l a l a l a l
3: The Decision-
a l a l
Making Process 6: Ethical Decision Mak
a l a l a l a l a l
ing
7: Individual Factors: Moral Philosophies and Values
a l a l a l a l a l a l
8: Organizational Factors: The Role of Ethical Culture and Relationships Pa
a l a l a l a l a l a l a l a l a l a l
rt 4: Implementing Business Ethics in a Global Economy
a l a l a l a l a l a l a l a l
9: Developing and Implementing an Effective Ethics Program 10: Gl
a l a l a l a l a l a l a l a l a l
obal Business Ethics Issues
a l a l a l
11: Ethical Leadership
a l a l
12: Technology: Ethics and Social Responsibility Issues
a l a l a l a l a l a l
, 1 TheImportanceof BusinessEthics
al al al al al
1. Principles are a l
a. laws and regulations that guidebehavior inthe world of business.
al al al al al al al al al al
b. mores, values, and customs that guide behavior in general.
al al al al al al al al
c. specific and pervasive boundaries for behavior that are universal and absolute.
a l al al al al al al al al al
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact
al al al al al al al al al al al al a l
onstakeholders.
al
e. the mores, values, and customs that parents teach their children.
al al al al al al al al al
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 al
LEARNING OBJECTIVES: LO: 1-1 -Explore conceptualizations of business ethics from an organizational perspective.
al ala l al al al al a l al al al al al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Comprehension al
2. Social responsibility is
al a l
a. an organization's obligation tomaximize its positive effects andminimize its negative effects on stakeholders.
al al al al al al al al la al al al al al
b. principles and standards that guide behavior in theworld of business.
al al al al al al al al al al
c. a business's responsibility not to pollute the environment.
al al a l al al al al
d. a business's responsibility tomanufacture products that function properly.
al al a l al a l al al al
e. charitable contributions madeby a business toenhance its image.
al al al al al al al al al
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 al
LEARNING OBJECTIVES: LO: 1-4 - a l a l al al
Gain insight into the extent of ethical misconduct in the workplace and the pressures for al al al al al al al al al al al al al a l a l
unethical behavior. al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
, 3. The
was/were enacted to restore confidence in financial reporting and business ethics after the accountingscand
a l a l al al a l al a l a l al a l al al a l
als of the early 2000s.
a l al al a l
a. Defense Industry Initiative on Business Ethics and Conduct al al al al al al al
b. Sarbanes-Oxley Act a l
c. Federal Sentencing Guidelines for Organizations al al a l al
d. Foreign Corrupt Practices Act al al a l
e. Dodd-Frank Wall Street Reform and Consumer Protection Act al al al al al a l a l
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 al
LEARNING OBJECTIVES: LO: 1-2 -Examine thehistorical foundations and evolution of business ethics.
a l al al al al al al al al al al al al
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
4. The term business ethics is best described by the following statement:
al a l a l a l al al al al al a l
a. Itis the study and philosophy of human conduct, with an emphasis on determining right and wrong.
la al al al al al al al al al al al al al al al
b. It is an "inquiry into the nature and grounds of m orality where theterm morality is taken to mean m
al al al al al al al al al al al al al al al al al a l al
oraljudgments, standards and rules of conduct." a l al al a l al
c. It is the"study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
al al al al al al al al al al al al al al al al a l a l al
or standards governing the conduct of the members of a profession."
al al a l al al al al a l al al
d. Itis an organization's obligation tomaximize its positive effects andminimize itsnegative effects
la al al al al al al al al al la al al a l al
onstakeholders.
e. Itcomprises the principles, values, andstandards that guide behavior in the world of business.
la al al al al al al al al al al al al al
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 al
LEARNING OBJECTIVES: LO: 1-1 - al ala l al al
Explore conceptualizations of business ethics from an organizational perspective. al al a l al al al al al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich,
Verified Chapters 1 – 12
,TABLE OF CONTENTS a l a l
Part 1: An Overview of Business Ethics 1: T
a l a l a l a l a l a l a l a l
he Importance of Business Ethics
a l a l a l a l
2: Stakeholder Relationships, Social Responsibility, and Corporate Gov
a l a l a l a l a l a l a l
ernance
3: Sustainability: Ethical and Social Responsibility Dimensions
a l a l a l a l a l a l
Part 2: Ethical Issues and the Institutionalization of Business Ethics 4: T
a l a l a l a l a l a l a l a l a l a l a l
he Institutionalization of Business Ethics
a l a l a l a l
5: Emerging Business Ethics Issues Part
a l a l a l a l a l a l
3: The Decision-
a l a l
Making Process 6: Ethical Decision Mak
a l a l a l a l a l
ing
7: Individual Factors: Moral Philosophies and Values
a l a l a l a l a l a l
8: Organizational Factors: The Role of Ethical Culture and Relationships Pa
a l a l a l a l a l a l a l a l a l a l
rt 4: Implementing Business Ethics in a Global Economy
a l a l a l a l a l a l a l a l
9: Developing and Implementing an Effective Ethics Program 10: Gl
a l a l a l a l a l a l a l a l a l
obal Business Ethics Issues
a l a l a l
11: Ethical Leadership
a l a l
12: Technology: Ethics and Social Responsibility Issues
a l a l a l a l a l a l
, 1 TheImportanceof BusinessEthics
al al al al al
1. Principles are a l
a. laws and regulations that guidebehavior inthe world of business.
al al al al al al al al al al
b. mores, values, and customs that guide behavior in general.
al al al al al al al al
c. specific and pervasive boundaries for behavior that are universal and absolute.
a l al al al al al al al al al
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact
al al al al al al al al al al al al a l
onstakeholders.
al
e. the mores, values, and customs that parents teach their children.
al al al al al al al al al
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 al
LEARNING OBJECTIVES: LO: 1-1 -Explore conceptualizations of business ethics from an organizational perspective.
al ala l al al al al a l al al al al al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Comprehension al
2. Social responsibility is
al a l
a. an organization's obligation tomaximize its positive effects andminimize its negative effects on stakeholders.
al al al al al al al al la al al al al al
b. principles and standards that guide behavior in theworld of business.
al al al al al al al al al al
c. a business's responsibility not to pollute the environment.
al al a l al al al al
d. a business's responsibility tomanufacture products that function properly.
al al a l al a l al al al
e. charitable contributions madeby a business toenhance its image.
al al al al al al al al al
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 al
LEARNING OBJECTIVES: LO: 1-4 - a l a l al al
Gain insight into the extent of ethical misconduct in the workplace and the pressures for al al al al al al al al al al al al al a l a l
unethical behavior. al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
, 3. The
was/were enacted to restore confidence in financial reporting and business ethics after the accountingscand
a l a l al al a l al a l a l al a l al al a l
als of the early 2000s.
a l al al a l
a. Defense Industry Initiative on Business Ethics and Conduct al al al al al al al
b. Sarbanes-Oxley Act a l
c. Federal Sentencing Guidelines for Organizations al al a l al
d. Foreign Corrupt Practices Act al al a l
e. Dodd-Frank Wall Street Reform and Consumer Protection Act al al al al al a l a l
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 al
LEARNING OBJECTIVES: LO: 1-2 -Examine thehistorical foundations and evolution of business ethics.
a l al al al al al al al al al al al al
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
4. The term business ethics is best described by the following statement:
al a l a l a l al al al al al a l
a. Itis the study and philosophy of human conduct, with an emphasis on determining right and wrong.
la al al al al al al al al al al al al al al al
b. It is an "inquiry into the nature and grounds of m orality where theterm morality is taken to mean m
al al al al al al al al al al al al al al al al al a l al
oraljudgments, standards and rules of conduct." a l al al a l al
c. It is the"study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
al al al al al al al al al al al al al al al al a l a l al
or standards governing the conduct of the members of a profession."
al al a l al al al al a l al al
d. Itis an organization's obligation tomaximize its positive effects andminimize itsnegative effects
la al al al al al al al al al la al al a l al
onstakeholders.
e. Itcomprises the principles, values, andstandards that guide behavior in the world of business.
la al al al al al al al al al al al al al
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 al
LEARNING OBJECTIVES: LO: 1-1 - al ala l al al
Explore conceptualizations of business ethics from an organizational perspective. al al a l al al al al al a l
NATIONAL STANDARDS: United States - BUSPROG: Ethics a l ala l al a l al a l
STATE STANDARDS: a l United States -NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
al al al al la al al a l al al
KEYWORDS: Blooms: Knowledge al
