SOLUTION MANUAL t
Business Law: Text & Exercises (MindTap Course List)
t t t t t t t
10th Edition by Roger LeRoy Miller, William E. Hollowell
t t t t t t t t
t Chapters 1 - 43, Complete
t t t t
1
website, tin twhole tor tin
tpart.
,Chapter 1 t
Table of Contents
t t
Purpose tand tPerspective tof tthe tChapter.......................................................................................................... 2
Cengage tSupplements ........................................................................................................................................ 2
List tof tStudent tDownloads ............................................................................................................................ 2
Chapter tObjectives ............................................................................................................................................. 2
Key tTerms ............................................................................................................................................................ 2
What's tNew tin tThis tChapter .............................................................................................................................. 3
Chapter tOutline ................................................................................................................................................... 4
Discussion tQuestions ......................................................................................................................................... 8
Additional tResources ........................................................................................................................................10
Cengage tVideo tResources ...........................................................................................................................10
Appendix ............................................................................................................................................................10
Generic tRubrics.............................................................................................................................................10
Standard tWriting tRubric ...............................................................................................................................10
Standard tDiscussion tRubric .........................................................................................................................12
2
website, tin twhole tor tin
tpart.
,Purpose and Perspective of the Chapter
t t t t t
The tpurpose tof tthis tchapter tis tto texamine tthe trelationship tbetween tlaw tand tethics. tThe tchapter
tpresents tissues tinvolved tto tdetermining tthe tethical tresponsibilities tof tbusinesses tand tprovides
tstudents ta tframework tfor tanalyzing tand tmaking tethical tdecisions.
Cengage Supplements t
The tfollowing tproduct-level tsupplements tprovide tadditional tinformation tthat tmay thelp tyou tin
tpreparing tyour tcourse. tThey tare tavailable tin tthe tInstructor tResource tCenter.
• PowerPoint tDeck
List of Student Downloads
t t t
Students tshould tdownload tthe tfollowing titems tfrom tthe tStudent tCompanion tCenter tto tcompletetthe
tactivities tand tassignments trelated tto tthis tchapter:
• PowerPoint tDeck t(without tteaching tnotes, tactivities, tor tanswers)
Chapter Objectivest
The tfollowing tobjectives tare taddressed tin tthis tchapter:
1. Discuss thow tbusiness tcan tdiscourage tunethical tbehavior
2. Explain tthe trelationship tbetween tlaw tand tethics
3. Compare tduty-based tethics tand tutilitarian tethics
4. Identify tethical tproblems tin tthe tglobal tcontext
Key Terms
t
business tethics: tEthics tin ta tbusiness tcontext; ta tconsensus tof twhat tconstitutes tright tor twrong
tbehavior tin tthe tworld tof tbusiness tand tthe tapplication tof tmoral tprinciples tto tsituations tthat tarisetin ta
tbusiness tsetting.
categorical timperative: tA tconcept tdeveloped tby tthe tphilosopher tImmanuel tKant tas tan tethical
tguideline tfor tbehavior. tIn tdeciding twhether tan taction tis tright tor twrong, tor tdesirable tor tundesirable, ta
tperson tshould tevaluate tthe taction tin tterms tof twhat twould thappen tif teverybody telse tin tthe tsame
tsituation, tor tcategory, tacted tthe tsame tway.
corporate tsocial tresponsibility t(CSR): tThe tconcept tthat tcorporations tcan tand tshould tact
tethically tand tbe taccountable tto tsociety tfor ttheir tactions.
cost-benefit tanalysis: tA tdecision-making ttechnique tthat tinvolves tweighing tthe tcosts tof ta tgiventaction
tagainst tthe tbenefits tof tthe taction.
duty-based tethics: tAn tethical tphilosophy trooted tin tthe tidea tthat tevery tperson thas tcertain tdutiestto
tothers, tincluding tboth thumans tand tthe tplanet. tThose tduties tmay tbe tderived tfrom treligious tprinciples
tor tfrom tother tphilosophical treasoning.
ethical treasoning: tA treasoning tprocess tin twhich tan tindividual tlinks this tor ther tmoral tconvictionstor
tethical tstandards tto tthe tparticular tsituation tat thand.
3
website, tin twhole tor tin
tpart.
, ethics: tMoral tprinciples tand tvalues tapplied tto tsocial tbehavior.
moral tminimum: tThe tminimum tdegree tof tethical tbehavior texpected tof ta tbusiness tfirm, twhich tis
tusually tdefined tas tcompliance twith tthe tlaw.
outcome-based tethics: tAn tethical tphilosophy tthat tfocuses ton tthe timpacts tof ta tdecision ton
tsociety tor ton tkey tstakeholders.
outsourcing: tThe tpractice tby twhich ta tcompany thires tan toutside tfirm tor tindividual tto tperformtwork
trather tthan thiring temployees.
principle tof trights: tThe tprinciple tthat thuman tbeings thave tcertain tfundamental trights t(to tlife,
tfreedom, tand tthe tpursuit tof thappiness, tfor texample). tA tkey tfactor tin tdetermining twhether ta
tbusiness tdecision tis tethical tunder tthis ttheory tis thow tthat tdecision taffects tthe trights tof tothers,
tsuch tas temployees, tconsumers, tsuppliers, tand tthe tcommunity.
stakeholders: tGroups, tother tthan tthe tcompany’s tshareholders, tthat tare taffected tby tcorporate
tdecisions. tStakeholders tinclude temployees, tcustomers, tcreditors, tsuppliers, tand tthe tcommunitytin
twhich tthe tcorporation toperates.
triple tbottom tline: tThe tidea tthat tinvestors tand tothers tshould tconsider tnot tonly tcorporate
profits, tbut talso tthe tcorporation’s timpact ton tpeople tand ton tthe tplanet tin tassessing tthe tfirm. t(The
tbottom tline tis tpeople, tplanet, tand tprofits.)
utilitarianism: tAn tapproach tto tethical treasoning tin twhich tethically tcorrect tbehavior tis trelated ttotan
tevaluation tof tthe tconsequences tof ta tgiven taction ton tthose twho twill tbe taffected tby tit. tIn
utilitarian treasoning, ta t―good‖ tdecision tis tone tthat tresults tin tthe tgreatest tgood tfor tthe tgreatest tnumber
tof tpeople taffected tby tthe tdecision.
[return tto ttop]
What's New in This Chapter
t t t t
The tfollowing telements tare timprovements tin tthis tchapter tfrom tthe tprevious tedition:
• New tchapter ttitle tand tchapter-opening tintroduction tscenario tdiscussing trecent
ttechnology tscandal tinvolving tfinger-prick tblood ttest tkits
• New tchapter torganization tand tsubheads tthroughout t(including tnew theadings tfor
―outsourcing‖ tand t―corruption‖)
• New tsection ton tMaking tEthical tBusiness tDecisions tand tnew tmaterials ton tSystematic
Approach: tIDDR t(―I tdesire tto tdo tright‖) tthat twill tbe tused tthroughout tthe ttext tto tanalyze
tethics, tincluding tin tall tof tthe tnew t―A tQuestion tof tEthics‖ tproblems tin tthe tremaining
tchapters.
o New t―Application tof tthe tIDDR tApproach‖ tsubsection twith tstep-by-step tdiscussiontand
tsample tscenario.
• 1 tNew tExhibit t3–1: tAn tAnalysis tof tEthical tApproaches tto tthe tSample
tDilemma t(for tnew tIDDR tApproach)
o 1 tNew tTerm t& tConcept
• outsourcing
• 1 tNew tEthics tToday tfeature—
4
website, tin twhole tor tin
tpart.
Business Law: Text & Exercises (MindTap Course List)
t t t t t t t
10th Edition by Roger LeRoy Miller, William E. Hollowell
t t t t t t t t
t Chapters 1 - 43, Complete
t t t t
1
website, tin twhole tor tin
tpart.
,Chapter 1 t
Table of Contents
t t
Purpose tand tPerspective tof tthe tChapter.......................................................................................................... 2
Cengage tSupplements ........................................................................................................................................ 2
List tof tStudent tDownloads ............................................................................................................................ 2
Chapter tObjectives ............................................................................................................................................. 2
Key tTerms ............................................................................................................................................................ 2
What's tNew tin tThis tChapter .............................................................................................................................. 3
Chapter tOutline ................................................................................................................................................... 4
Discussion tQuestions ......................................................................................................................................... 8
Additional tResources ........................................................................................................................................10
Cengage tVideo tResources ...........................................................................................................................10
Appendix ............................................................................................................................................................10
Generic tRubrics.............................................................................................................................................10
Standard tWriting tRubric ...............................................................................................................................10
Standard tDiscussion tRubric .........................................................................................................................12
2
website, tin twhole tor tin
tpart.
,Purpose and Perspective of the Chapter
t t t t t
The tpurpose tof tthis tchapter tis tto texamine tthe trelationship tbetween tlaw tand tethics. tThe tchapter
tpresents tissues tinvolved tto tdetermining tthe tethical tresponsibilities tof tbusinesses tand tprovides
tstudents ta tframework tfor tanalyzing tand tmaking tethical tdecisions.
Cengage Supplements t
The tfollowing tproduct-level tsupplements tprovide tadditional tinformation tthat tmay thelp tyou tin
tpreparing tyour tcourse. tThey tare tavailable tin tthe tInstructor tResource tCenter.
• PowerPoint tDeck
List of Student Downloads
t t t
Students tshould tdownload tthe tfollowing titems tfrom tthe tStudent tCompanion tCenter tto tcompletetthe
tactivities tand tassignments trelated tto tthis tchapter:
• PowerPoint tDeck t(without tteaching tnotes, tactivities, tor tanswers)
Chapter Objectivest
The tfollowing tobjectives tare taddressed tin tthis tchapter:
1. Discuss thow tbusiness tcan tdiscourage tunethical tbehavior
2. Explain tthe trelationship tbetween tlaw tand tethics
3. Compare tduty-based tethics tand tutilitarian tethics
4. Identify tethical tproblems tin tthe tglobal tcontext
Key Terms
t
business tethics: tEthics tin ta tbusiness tcontext; ta tconsensus tof twhat tconstitutes tright tor twrong
tbehavior tin tthe tworld tof tbusiness tand tthe tapplication tof tmoral tprinciples tto tsituations tthat tarisetin ta
tbusiness tsetting.
categorical timperative: tA tconcept tdeveloped tby tthe tphilosopher tImmanuel tKant tas tan tethical
tguideline tfor tbehavior. tIn tdeciding twhether tan taction tis tright tor twrong, tor tdesirable tor tundesirable, ta
tperson tshould tevaluate tthe taction tin tterms tof twhat twould thappen tif teverybody telse tin tthe tsame
tsituation, tor tcategory, tacted tthe tsame tway.
corporate tsocial tresponsibility t(CSR): tThe tconcept tthat tcorporations tcan tand tshould tact
tethically tand tbe taccountable tto tsociety tfor ttheir tactions.
cost-benefit tanalysis: tA tdecision-making ttechnique tthat tinvolves tweighing tthe tcosts tof ta tgiventaction
tagainst tthe tbenefits tof tthe taction.
duty-based tethics: tAn tethical tphilosophy trooted tin tthe tidea tthat tevery tperson thas tcertain tdutiestto
tothers, tincluding tboth thumans tand tthe tplanet. tThose tduties tmay tbe tderived tfrom treligious tprinciples
tor tfrom tother tphilosophical treasoning.
ethical treasoning: tA treasoning tprocess tin twhich tan tindividual tlinks this tor ther tmoral tconvictionstor
tethical tstandards tto tthe tparticular tsituation tat thand.
3
website, tin twhole tor tin
tpart.
, ethics: tMoral tprinciples tand tvalues tapplied tto tsocial tbehavior.
moral tminimum: tThe tminimum tdegree tof tethical tbehavior texpected tof ta tbusiness tfirm, twhich tis
tusually tdefined tas tcompliance twith tthe tlaw.
outcome-based tethics: tAn tethical tphilosophy tthat tfocuses ton tthe timpacts tof ta tdecision ton
tsociety tor ton tkey tstakeholders.
outsourcing: tThe tpractice tby twhich ta tcompany thires tan toutside tfirm tor tindividual tto tperformtwork
trather tthan thiring temployees.
principle tof trights: tThe tprinciple tthat thuman tbeings thave tcertain tfundamental trights t(to tlife,
tfreedom, tand tthe tpursuit tof thappiness, tfor texample). tA tkey tfactor tin tdetermining twhether ta
tbusiness tdecision tis tethical tunder tthis ttheory tis thow tthat tdecision taffects tthe trights tof tothers,
tsuch tas temployees, tconsumers, tsuppliers, tand tthe tcommunity.
stakeholders: tGroups, tother tthan tthe tcompany’s tshareholders, tthat tare taffected tby tcorporate
tdecisions. tStakeholders tinclude temployees, tcustomers, tcreditors, tsuppliers, tand tthe tcommunitytin
twhich tthe tcorporation toperates.
triple tbottom tline: tThe tidea tthat tinvestors tand tothers tshould tconsider tnot tonly tcorporate
profits, tbut talso tthe tcorporation’s timpact ton tpeople tand ton tthe tplanet tin tassessing tthe tfirm. t(The
tbottom tline tis tpeople, tplanet, tand tprofits.)
utilitarianism: tAn tapproach tto tethical treasoning tin twhich tethically tcorrect tbehavior tis trelated ttotan
tevaluation tof tthe tconsequences tof ta tgiven taction ton tthose twho twill tbe taffected tby tit. tIn
utilitarian treasoning, ta t―good‖ tdecision tis tone tthat tresults tin tthe tgreatest tgood tfor tthe tgreatest tnumber
tof tpeople taffected tby tthe tdecision.
[return tto ttop]
What's New in This Chapter
t t t t
The tfollowing telements tare timprovements tin tthis tchapter tfrom tthe tprevious tedition:
• New tchapter ttitle tand tchapter-opening tintroduction tscenario tdiscussing trecent
ttechnology tscandal tinvolving tfinger-prick tblood ttest tkits
• New tchapter torganization tand tsubheads tthroughout t(including tnew theadings tfor
―outsourcing‖ tand t―corruption‖)
• New tsection ton tMaking tEthical tBusiness tDecisions tand tnew tmaterials ton tSystematic
Approach: tIDDR t(―I tdesire tto tdo tright‖) tthat twill tbe tused tthroughout tthe ttext tto tanalyze
tethics, tincluding tin tall tof tthe tnew t―A tQuestion tof tEthics‖ tproblems tin tthe tremaining
tchapters.
o New t―Application tof tthe tIDDR tApproach‖ tsubsection twith tstep-by-step tdiscussiontand
tsample tscenario.
• 1 tNew tExhibit t3–1: tAn tAnalysis tof tEthical tApproaches tto tthe tSample
tDilemma t(for tnew tIDDR tApproach)
o 1 tNew tTerm t& tConcept
• outsourcing
• 1 tNew tEthics tToday tfeature—
4
website, tin twhole tor tin
tpart.
