Business Law: Text & Exercises (MindTap Course List)
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SOLUTION MANUAL jh
Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
jh jh jh jh jh jh jh jh
1
website, in whole or in
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part.
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, Business Law: Text & Exercises (MindTap Course List)
jh jh jh jh jh jh jh
Chapter 1 jh
Table of Contents jh jh
Purpose and Perspective of the Chapter................................................................................................................ 2
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Cengage Supplements .................................................................................................................................................. 2
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List of Student Downloads ...................................................................................................................................... 2
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Chapter Objectives ......................................................................................................................................................... 2
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Key Terms........................................................................................................................................................................... 2
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What's New in This Chapter ........................................................................................................................................ 3
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Chapter Outline ............................................................................................................................................................... 4
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Discussion Questions..................................................................................................................................................... 8
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Additional Resources .................................................................................................................................................. 10
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Cengage Video Resources ................................................................................................................................... 10
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Appendix ......................................................................................................................................................................... 10
Generic Rubrics ........................................................................................................................................................ 10
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Standard Writing Rubric ....................................................................................................................................... 10
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Standard Discussion Rubric ................................................................................................................................. 12
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2
website, in whole or in
jh jh jh jh
part.
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, Business Law: Text & Exercises (MindTap Course List) jh jh jh jh jh jh jh
Purpose and Perspective of the Chapter jh jh jh jh jh
The purpose of this chapter is to examine the relationship between law and ethics. The
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
chapterpresents issues involved to determining the ethical responsibilities of businesses and
jh jh jh jh jh jh jh jh jh jh jh jh
provides students a framework for analyzing and making ethical decisions.
jh jh jh jh jh jh jh jh jh jh
Cengage Supplements jh
The following product-level supplements provide additional information that may help you
jh jh jh jh jh jh jh jh jh jh
inpreparing your course. They are available in the Instructor Resource Center.
jh jh jh jh jh jh jh jh jh jh jh jh
PowerPoint Deck jh
List of Student Downloads jh jh jh
Students should download the following items from the Student Companion Center to
jh jh jh jh jh jh jh jh jh jh jh
completethe activities and assignments related to this chapter:
jh jh jh jh jh jh jh jh jh
PowerPoint Deck (without teaching notes, activities, or answers) jh jh jh jh jh jh jh
Chapter Objectives jh
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior jh jh jh jh jh jh
2. Explain the relationship between law and ethics jh jh jh jh jh jh
3. Compare duty-based ethics and utilitarian ethics jh jh jh jh jh
4. Identify ethical problems in the global context jh jh jh jh jh jh
Key Terms jh
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
behavior in the world of business and the application of moral principles to situations that
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
arisein a business setting.
jh jh jh jh jh
categorical imperative: A concept developed by the philosopher Immanuel Kant as anjh jh jh jh jh jh jh jh jh jh jh
ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
undesirable, a person should evaluate the action in terms of what would happen if everybody
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
else in the same situation, or category, acted the same way.
jh jh jh jh jh jh jh jh jh jh jh
corporate social responsibility (CSR): The concept that corporations can and should
jh jh jh jh jh jh jh jh jh jh
actethically and be accountable to society for their actions.
jh jh jh jh jh jh jh jh jh jh
cost-benefit analysis: A decision-making technique that involves weighing the costs of a jh jh jh jh jh jh jh jh jh jh jh
givenaction against the benefits of the action.
jh jh jh jh jh jh jh jh
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain
jh jh jh jh jh jh jh jh jh jh jh jh jh
dutiesto others, including both humans and the planet. Those duties may be derived from
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
religious principles or from other philosophical reasoning.
jh jh jh jh jh jh jh
ethical reasoning: A reasoning process in which an individual links his or her moral
jh jh jh jh jh jh jh jh jh jh jh jh jh
convictionsor ethical standards to the particular situation at hand.
jh jh jh jh jh jh jh jh jh jh
3
website, in whole or in jh jh jh jh
part.
jh
, Business Law: Text & Exercises (MindTap Course List) jh jh jh jh jh jh jh
ethics: Moral principles and values applied to social behavior.
jh jh jh jh jh jh jh jh
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
jh jh jh jh jh jh jh jh jh jh jh jh jh
isusually defined as compliance with the law.
jh jh jh jh jh jh jh jh
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision jh jh jh jh jh jh jh jh jh jh jh jh
onsociety or on key stakeholders.
jh jh jh jh jh jh
outsourcing: The practice by which a company hires an outside firm or individual to jh jh jh jh jh jh jh jh jh jh jh jh jh
performwork rather than hiring employees.
jh jh jh jh jh jh
principle of rights: The principle that human beings have certain fundamental rights (to
jh jh jh jh jh jh jh jh jh jh jh jh
life,freedom, and the pursuit of happiness, for example). A key factor in determining
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
whether a business decision is ethical under this theory is how that decision affects the
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
rights of others,such as employees, consumers, suppliers, and the community.
jh jh jh jh jh jh jh jh jh jh jh
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate jh jh jh jh jh jh jh jh jh jh jh
decisions. Stakeholders include employees, customers, creditors, suppliers, and the
jh jh jh jh jh jh jh jh jh
communityin which the corporation operates.
jh jh jh jh jh jh
triple bottom line: The idea that investors and others should consider not only corporate
jh jh jh jh jh jh jh jh jh jh jh jh jh
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
(Thebottom line is people, planet, and profits.)
jh jh jh jh jh jh jh jh
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related jh jh jh jh jh jh jh jh jh jh jh jh
toan evaluation of the consequences of a given action on those who will be affected by it. In
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
number of people affected by the decision.
jh jh jh jh jh jh jh
[return to top] jh jh
What's New in This Chapter jh jh jh jh
The following elements are improvements in this chapter from the previous edition:
jh jh jh jh jh jh jh jh jh jh jh
New chapter title and chapter-opening introduction scenario discussing
jh jh jh jh jh jh jh
jh recenttechnology scandal involving finger-prick blood test kits
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New chapter organization and subheads throughout (including new headings for
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―outsourcing‖ and ―corruption‖) jh jh
New section on Making Ethical Business Decisions and new materials on Systematic
jh jh jh jh jh jh jh jh jh jh jh
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
jh ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
jh chapters.
o New ―Application of the IDDR Approach‖ subsection with step-by-step
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discussionand sample scenario.
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1 New Exhibit 3–1: An Analysis of Ethical Approaches to the
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jh SampleDilemma (for new IDDR Approach) jh jh jh jh jh
o 1 New Term & Concept
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outsourcing
1 New Ethics Today feature—
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4
website, in whole or in jh jh jh jh
part.
jh
jh jh jh jh jh jh jh
SOLUTION MANUAL jh
Business Law: Text & Exercises (MindTap Course List)
jh jh jh jh jh jh jh
10th Edition by Roger LeRoy Miller, William E. Hollowell
jh jh jh jh jh jh jh jh
1
website, in whole or in
jh jh jh jh
part.
jh
, Business Law: Text & Exercises (MindTap Course List)
jh jh jh jh jh jh jh
Chapter 1 jh
Table of Contents jh jh
Purpose and Perspective of the Chapter................................................................................................................ 2
jh jh jh jh jh
Cengage Supplements .................................................................................................................................................. 2
jh
List of Student Downloads ...................................................................................................................................... 2
jh jh jh
Chapter Objectives ......................................................................................................................................................... 2
jh
Key Terms........................................................................................................................................................................... 2
jh
What's New in This Chapter ........................................................................................................................................ 3
jh jh jh jh
Chapter Outline ............................................................................................................................................................... 4
jh
Discussion Questions..................................................................................................................................................... 8
jh
Additional Resources .................................................................................................................................................. 10
jh
Cengage Video Resources ................................................................................................................................... 10
jh jh
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ........................................................................................................................................................ 10
jh
Standard Writing Rubric ....................................................................................................................................... 10
jh jh
Standard Discussion Rubric ................................................................................................................................. 12
jh jh
2
website, in whole or in
jh jh jh jh
part.
jh
, Business Law: Text & Exercises (MindTap Course List) jh jh jh jh jh jh jh
Purpose and Perspective of the Chapter jh jh jh jh jh
The purpose of this chapter is to examine the relationship between law and ethics. The
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
chapterpresents issues involved to determining the ethical responsibilities of businesses and
jh jh jh jh jh jh jh jh jh jh jh jh
provides students a framework for analyzing and making ethical decisions.
jh jh jh jh jh jh jh jh jh jh
Cengage Supplements jh
The following product-level supplements provide additional information that may help you
jh jh jh jh jh jh jh jh jh jh
inpreparing your course. They are available in the Instructor Resource Center.
jh jh jh jh jh jh jh jh jh jh jh jh
PowerPoint Deck jh
List of Student Downloads jh jh jh
Students should download the following items from the Student Companion Center to
jh jh jh jh jh jh jh jh jh jh jh
completethe activities and assignments related to this chapter:
jh jh jh jh jh jh jh jh jh
PowerPoint Deck (without teaching notes, activities, or answers) jh jh jh jh jh jh jh
Chapter Objectives jh
The following objectives are addressed in this chapter:
jh jh jh jh jh jh jh
1. Discuss how business can discourage unethical behavior jh jh jh jh jh jh
2. Explain the relationship between law and ethics jh jh jh jh jh jh
3. Compare duty-based ethics and utilitarian ethics jh jh jh jh jh
4. Identify ethical problems in the global context jh jh jh jh jh jh
Key Terms jh
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
behavior in the world of business and the application of moral principles to situations that
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
arisein a business setting.
jh jh jh jh jh
categorical imperative: A concept developed by the philosopher Immanuel Kant as anjh jh jh jh jh jh jh jh jh jh jh
ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
undesirable, a person should evaluate the action in terms of what would happen if everybody
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
else in the same situation, or category, acted the same way.
jh jh jh jh jh jh jh jh jh jh jh
corporate social responsibility (CSR): The concept that corporations can and should
jh jh jh jh jh jh jh jh jh jh
actethically and be accountable to society for their actions.
jh jh jh jh jh jh jh jh jh jh
cost-benefit analysis: A decision-making technique that involves weighing the costs of a jh jh jh jh jh jh jh jh jh jh jh
givenaction against the benefits of the action.
jh jh jh jh jh jh jh jh
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain
jh jh jh jh jh jh jh jh jh jh jh jh jh
dutiesto others, including both humans and the planet. Those duties may be derived from
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
religious principles or from other philosophical reasoning.
jh jh jh jh jh jh jh
ethical reasoning: A reasoning process in which an individual links his or her moral
jh jh jh jh jh jh jh jh jh jh jh jh jh
convictionsor ethical standards to the particular situation at hand.
jh jh jh jh jh jh jh jh jh jh
3
website, in whole or in jh jh jh jh
part.
jh
, Business Law: Text & Exercises (MindTap Course List) jh jh jh jh jh jh jh
ethics: Moral principles and values applied to social behavior.
jh jh jh jh jh jh jh jh
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
jh jh jh jh jh jh jh jh jh jh jh jh jh
isusually defined as compliance with the law.
jh jh jh jh jh jh jh jh
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision jh jh jh jh jh jh jh jh jh jh jh jh
onsociety or on key stakeholders.
jh jh jh jh jh jh
outsourcing: The practice by which a company hires an outside firm or individual to jh jh jh jh jh jh jh jh jh jh jh jh jh
performwork rather than hiring employees.
jh jh jh jh jh jh
principle of rights: The principle that human beings have certain fundamental rights (to
jh jh jh jh jh jh jh jh jh jh jh jh
life,freedom, and the pursuit of happiness, for example). A key factor in determining
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
whether a business decision is ethical under this theory is how that decision affects the
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
rights of others,such as employees, consumers, suppliers, and the community.
jh jh jh jh jh jh jh jh jh jh jh
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate jh jh jh jh jh jh jh jh jh jh jh
decisions. Stakeholders include employees, customers, creditors, suppliers, and the
jh jh jh jh jh jh jh jh jh
communityin which the corporation operates.
jh jh jh jh jh jh
triple bottom line: The idea that investors and others should consider not only corporate
jh jh jh jh jh jh jh jh jh jh jh jh jh
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
(Thebottom line is people, planet, and profits.)
jh jh jh jh jh jh jh jh
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related jh jh jh jh jh jh jh jh jh jh jh jh
toan evaluation of the consequences of a given action on those who will be affected by it. In
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
number of people affected by the decision.
jh jh jh jh jh jh jh
[return to top] jh jh
What's New in This Chapter jh jh jh jh
The following elements are improvements in this chapter from the previous edition:
jh jh jh jh jh jh jh jh jh jh jh
New chapter title and chapter-opening introduction scenario discussing
jh jh jh jh jh jh jh
jh recenttechnology scandal involving finger-prick blood test kits
jh jh jh jh jh jh jh
New chapter organization and subheads throughout (including new headings for
jh jh jh jh jh jh jh jh jh
―outsourcing‖ and ―corruption‖) jh jh
New section on Making Ethical Business Decisions and new materials on Systematic
jh jh jh jh jh jh jh jh jh jh jh
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze
jh jh jh jh jh jh jh jh jh jh jh jh jh jh jh
jh ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
jh jh jh jh jh jh jh jh jh jh jh jh jh jh
jh chapters.
o New ―Application of the IDDR Approach‖ subsection with step-by-step
jh jh jh jh jh jh jh jh
discussionand sample scenario.
jh jh jh jh
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the
jh jh jh jh jh jh jh jh jh jh
jh SampleDilemma (for new IDDR Approach) jh jh jh jh jh
o 1 New Term & Concept
jh jh jh jh
outsourcing
1 New Ethics Today feature—
jh jh jh jh
4
website, in whole or in jh jh jh jh
part.
jh
