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 S S S




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



1: The Importance of Business Ethics
S S S S S



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



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



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



4: The Institutionalization of Business Ethics
S S S S S



5: Emerging Business Ethics Issues
S S S S



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



6: Ethical Decision Making
S S S



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



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



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



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



10: Global Business Ethics Issues
S S S S



11: Ethical Leadership
S S



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

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




1. PrinciplesSare
a. lawsSandSregulationsSthatSguideSbehaviorSinStheSworldSofSbusiness.
b. mores,Svalues,SandScustomsSthatSguideSbehaviorSinSgeneral.
c. specificSandSpervasiveSboundariesSforSbehaviorSthatSareSuniversalSandSabsolute.
d. theSobligationsSbusinessesSassumeStoSmaximizeStheirSpositiveSimpactSandSminimizeStheirSnegativeSimpactSonSsta
keholders.
e. theSmores,Svalues,SandScustomsSthatSparentsSteachStheirSchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.S5
LEARNINGSOBJECTIVES:S LO:S1-1S-
SExploreSconceptualizationsS ofSbusinessSethicsSfromSanSorganizationalSperspective.

NATIONALS STANDARDS:S S UnitedSStatesS-SBUSPROG:S Ethics
STATES STANDARDS: UnitedSStatesS-SNONES-SDISC:SEthicalSResponsibilitiesS -SEthicalSResponsibilities
KEYWORDS: Blooms:SComprehension

2. SocialSresponsibilitySis
a. anSorganization'sS obligationStoSmaximizeSitsSpositiveSeffectsSandSminimizeSitsSnegativeSeffectsSonSstakeholders.
b. principlesSandSstandardsSthatSguideSbehaviorSinStheSworldSofSbusiness.
c. aSbusiness'sSresponsibilityS notStoSpolluteStheSenvironment.
d. aSbusiness'sSresponsibilityStoSmanufactureSproductsSthatSfunctionSproperly.
e. charitableScontributionsSmadeSbySaSbusinessStoSenhanceSitsSimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.S23
LEARNINGS OBJECTIVES:S LO:S1-4S-
SGainSinsightSintoStheSextentSofSethicalSmisconductSinStheSworkplaceSandStheSpressuresSforSu

nethicalSbehavior.
NATIONALS STANDARDS:S S UnitedSStatesS-SBUSPROG:S Ethics
STATES STANDARDS: UnitedSStatesS-SNONES-SDISC:SEthicalSResponsibilitiesS -SEthicalSResponsibilities
KEYWORDS: Blooms:SKnowledge

, 3. TheS
was/wereSenactedStoSrestoreSconfidenceSinSfinancialSreportingSandSbusinessSethicsSafterStheSaccountingSsca
ndalsSofStheSearlyS2000s.
a. DefenseSIndustrySInitiativeSonSBusinessSEthicsSandSConduct
b. Sarbanes-OxleyS Act
c. FederalSSentencingSGuidelinesSforSOrganizations
d. ForeignSCorruptSPracticesS Act
e. Dodd-FrankS WallSStreetSReformSandSConsumerSProtectionSAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.S13
LEARNINGSOBJECTIVES:S LO:S1-2S-SExamineStheShistoricalSfoundationsSandSevolutionSofSbusinessSethics.
NATIONALS STANDARDS:S S UnitedSStatesS-SBUSPROG:S Ethics
STATES STANDARDS: UnitedSStatesS-SNONES-SDISC:SEthicalSResponsibilitiesS -SEthicalSResponsibilities
KEYWORDS: Blooms:SKnowledge

4. TheStermS businessS ethicsS isSbestSdescribedS byStheSfollowingS statement:
a. ItSisStheSstudySandSphilosophySofShumanSconduct,SwithSanSemphasisSonSdeterminingSrightSandSwrong.
b. ItSisSanS"inquirySintoStheSnatureSandSgroundsSofSmoralitySwhereStheStermSmoralitySisStakenStoSmeanSmoralSju
dgments,SstandardsSandSrulesSofSconduct."
c. ItSisStheS"studySofStheSgeneralSnatureSofSmoralsSandSofSspecificSmoralSchoices;SmoralSphilosophy;SandStheSrulesSorS
standardsSgoverningStheSconductSofStheSmembersSofSaSprofession."
d. ItSisSanSorganization'sSobligationStoSmaximizeSitsSpositiveSeffectsSandSminimizeSitsSnegativeSeffectsSonSsta
keholders.
e. ItScomprisesStheSprinciples,Svalues,SandSstandardsSthatSguideSbehaviorSinStheSworldSofSbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.S5
LEARNINGSOBJECTIVES:S LO:S1-1S-
SExploreSconceptualizationsS ofSbusinessSethicsSfromSanSorganizationalSperspective.

NATIONALS STANDARDS:S S UnitedSStatesS-SBUSPROG:S Ethics
STATES STANDARDS: UnitedSStatesS-SNONES-SDISC:SEthicalSResponsibilitiesS -SEthicalSResponsibilities
KEYWORDS: Blooms:SKnowledge