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

, Business Law: Text & Exercises (MindTap Course List)
’ ’ ’ ’ ’ ’ ’




Chapter 1 ’




Table of Contents
’ ’

Purpose’and’Perspective’of’the’Chapter................................................................................................................... 2
Cengage’Supplements................................................................................................................................................... 2
List’of’Student’Downloads ........................................................................................................................................ 2
Chapter’Objectives .......................................................................................................................................................... 2
Key’Terms ........................................................................................................................................................................... 2
What's’New’in’This’Chapter .......................................................................................................................................... 3
Chapter’Outline ................................................................................................................................................................ 4
Discussion’Questions ..................................................................................................................................................... 8
Additional’Resources................................................................................................................................................... 10
Cengage’Video’Resources..................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic’Rubrics ......................................................................................................................................................... 10
Standard’Writing’Rubric......................................................................................................................................... 10
Standard’Discussion’Rubric .................................................................................................................................. 12




2
website,’in’whole’or’in’part.

, Business Law: Text & Exercises (MindTap Course List)
’ ’ ’ ’ ’ ’ ’




Purpose and Perspective of the Chapter
’ ’ ’ ’ ’

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

Cengage Supplements ’

The’following’product-
level’supplements’provide’additional’information’that’may’help’you’in’preparing’your’course.’Th
ey’are’available’in’the’Instructor’Resource’Center.

 PowerPoint’Deck

List of Student Downloads
’ ’ ’

Students’should’download’the’following’items’from’the’Student’Companion’Center’to’complete’the’
activities’and’assignments’related’to’this’chapter:

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

Chapter Objectives ’

The’following’objectives’are’addressed’in’this’chapter:

1. Discuss’how’business’can’discourage’unethical’behavior

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

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

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

Key Terms ’

business’ethics:’Ethics’in’a’business’context;’a’consensus’of’what’constitutes’right’or’wrong’behavi
or’in’the’world’of’business’and’the’application’of’moral’principles’to’situations’that’arise’in’a’busine
ss’setting.
categorical’imperative:’A’concept’developed’by’the’philosopher’Immanuel’Kant’as’an’ethical’gui
deline’for’behavior.’In’deciding’whether’an’action’is’right’or’wrong,’or’desirable’or’undesirable,’a’p
erson’should’evaluate’the’action’in’terms’of’what’would’happen’if’everybody’else’in’the’same’situa
tion,’or’category,’acted’the’same’way.
corporate’social’responsibility’(CSR):’The’concept’that’corporations’can’and’should’act’et
hically’and’be’accountable’to’society’for’their’actions.
cost-benefit’analysis:’A’decision-
making’technique’that’involves’weighing’the’costs’of’a’given’action’against’the’benefits’of’the’actio
n.
duty-
based’ethics:’An’ethical’philosophy’rooted’in’the’idea’that’every’person’has’certain’duties’to’others,’
including’both’humans’and’the’planet.’Those’duties’may’be’derived’from’religious’principles’or’from
’other’philosophical’reasoning.



3
website,’in’whole’or’in’part.

, Business Law: Text & Exercises (MindTap Course List)
’ ’ ’ ’ ’ ’ ’




ethical’reasoning:’A’reasoning’process’in’which’an’individual’links’his’or’her’moral’convictions’or’e
thical’standards’to’the’particular’situation’at’hand.




4
website,’in’whole’or’in’part.