Business Law: Text & Exercises 10th Ed (PDF) | 2026 | Test Bank Questions | Miller & Hollowell | Ch. 1–43 |Southern States University|

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Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
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Chapters 1 - 43, Complete
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,Chapter 1 fg




Table of Contents
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PurposefgandfgPerspectivefgoffgthefgChapter .................................................................................................... 2
CengagefgSupplements .................................................................................................................................. 2
ListfgoffgStudentfgDownloads....................................................................................................................... 2
ChapterfgObjectives ....................................................................................................................................... 2
KeyfgTerms ..................................................................................................................................................... 2
What'sfgNewfginfgThisfgChapter ........................................................................................................................ 3
ChapterfgOutline ............................................................................................................................................ 4
DiscussionfgQuestions ................................................................................................................................... 8
AdditionalfgResources.................................................................................................................................. 10
CengagefgVideofgResources ..................................................................................................................... 10
Appendix ..................................................................................................................................................... 10
GenericfgRubrics ...................................................................................................................................... 10
StandardfgWritingfgRubric ......................................................................................................................... 10
StandardfgDiscussionfgRubric ................................................................................................................... 12




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,Purpose and Perspective of the Chapter
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Thefgpurposefgoffgthisfgchapterfgisfgtofgexaminefgthefgrelationshipfgbetweenfglawfgandfgethics.fgThefgchaptergp
f res

entsfgissuesfginvolvedfgtofgdeterminingfgthefgethicalfgresponsibilitiesfgoffgbusinessesfgandfgprovidesfgstudentsfg
afgframeworkfgforfganalyzingfgandfgmakingfgethicalfgdecisions.

Cengage Supplements fg

Thefgfollowingfgproduct-
levelfgsupplementsfgprovidefgadditionalfginformationfgthatfgmayfghelpfgyoufgingp
f reparingfgyourfgcourse.fgTheyfg

arefgavailablefginfgthefgInstructorfgResourcefgCenter.

• PowerPointfgDeck

List of Student Downloads
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StudentsfgshouldfgdownloadfgthefgfollowingfgitemsfgfromfgthefgStudentfgCompanionfgCenterfgtofgcompletegtf hefga
ctivitiesfgandfgassignmentsfgrelatedfgtofgthisfgchapter:
• PowerPointfgDeckfg(withoutfgteachingfgnotes,fgactivities,fgorfganswers)

Chapter Objectives fg


Thefgfollowingfgobjectivesfgarefgaddressedfginfgthisfgchapter:

1. Discussfghowfgbusinessfgcanfgdiscouragefgunethicalfgbehavior

2. Explainfgthefgrelationshipfgbetweenfglawfgandfgethics

3. Comparefgduty-basedfgethicsfgandfgutilitarianfgethics

4. Identifyfgethicalfgproblemsfginfgthefgglobalfgcontext

Key Terms
fg

businessfgethics:fgEthicsfginfgafgbusinessfgcontext;fgafgconsensusfgoffgwhatfgconstitutesfgrightfgorfgwrongfgbeha
viorfginfgthefgworldfgoffgbusinessfgandfgthefgapplicationfgoffgmoralfgprinciplesfgtofgsituationsfgthatfgarisegif nfgafgbusin
essfgsetting.
categoricalfgimperative:fgAfgconceptfgdevelopedfgbyfgthefgphilosopherfgImmanuelfgKantfgasfganfgethicalgfguide
linefgforfgbehavior.fgInfgdecidingfgwhetherfganfgactionfgisfgrightfgorfgwrong,fgorfgdesirablefgorfgundesirable,fgafgpers
onfgshouldfgevaluatefgthefgactionfginfgtermsfgoffgwhatfgwouldfghappenfgiffgeverybodyfgelsefginfgthefgsamefgsituatio
n,fgorfgcategory,fgactedfgthefgsamefgway.
corporatefgsocialfgresponsibilityfg(CSR):fgThefgconceptfgthatfgcorporationsfgcanfgandfgshouldfgactgfethi
callyfgandfgbefgaccountablefgtofgsocietyfgforfgtheirfgactions.
cost-benefitfganalysis:fgAfgdecision-
makingfgtechniquefgthatfginvolvesfgweighingfgthefgcostsfgoffgafggivengfactionfgagainstfgthefgbenefitsfgoffgthefgaction.
duty-
basedfgethics:fgAnfgethicalfgphilosophyfgrootedfginfgthefgideafgthatfgeveryfgpersonfghasfgcertainfgdutiesgftofgothers,fg
includingfgbothfghumansfgandfgthefgplanet.fgThosefgdutiesfgmayfgbefgderivedfgfromfgreligiousfgprinciplesfgorfgfromfg
otherfgphilosophicalfgreasoning.
ethicalfgreasoning:fgAfgreasoningfgprocessfginfgwhichfganfgindividualfglinksfghisfgorfgherfgmoralfgconvictionsgforfget
hicalfgstandardsfgtofgthefgparticularfgsituationfgatfghand.


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, ethics:fgMoralfgprinciplesfgandfgvaluesfgappliedfgtofgsocialfgbehavior.
moralfgminimum:fgThefgminimumfgdegreefgoffgethicalfgbehaviorfgexpectedfgoffgafgbusinessfgfirm,fgwhichfgisgu f sua

llyfgdefinedfgasfgcompliancefgwithfgthefglaw.
outcome-
basedfgethics:fgAnfgethicalfgphilosophyfgthatfgfocusesfgonfgthefgimpactsfgoffgafgdecisionfgongfsocietyfgorfgonfg
keyfgstakeholders.
outsourcing:fgThefgpracticefgbyfgwhichfgafgcompanyfghiresfganfgoutsidefgfirmfgorfgindividualfgtofgperformgfworkfg
ratherfgthanfghiringfgemployees.
principlefgoffgrights:fgThefgprinciplefgthatfghumanfgbeingsfghavefgcertainfgfundamentalfgrightsfg(tofglife,gffreed
om,fgandfgthefgpursuitfgoffghappiness,fgforfgexample).fgAfgkeyfgfactorfginfgdeterminingfgwhetherfgafgbusinessfgd
ecisionfgisfgethicalfgunderfgthisfgtheoryfgisfghowfgthatfgdecisionfgaffectsfgthefgrightsfgoffgothers,gfsuchfgasfgemplo
yees,fgconsumers,fgsuppliers,fgandfgthefgcommunity.
stakeholders:fgGroups,fgotherfgthanfgthefgcompany’sfgshareholders,fgthatfgarefgaffectedfgbyfgcorporatefgdecis
ions.fgStakeholdersfgincludefgemployees,fgcustomers,fgcreditors,fgsuppliers,fgandfgthefgcommunitygfinfgwhichfg
thefgcorporationfgoperates.
triplefgbottomfgline:fgThefgideafgthatfginvestorsfgandfgothersfgshouldfgconsiderfgnotfgonlyfgcorporate
profits,fgbutfgalsofgthefgcorporation’sfgimpactfgonfgpeoplefgandfgonfgthefgplanetfginfgassessingfgthefgfirm.fg(Thegfbott
omfglinefgisfgpeople,fgplanet,fgandfgprofits.)
utilitarianism:fgAnfgapproachfgtofgethicalfgreasoningfginfgwhichfgethicallyfgcorrectfgbehaviorfgisfgrelatedfgtogfanfgev
aluationfgoffgthefgconsequencesfgoffgafggivenfgactionfgonfgthosefgwhofgwillfgbefgaffectedfgbyfgit.fgIn
utilitarianfgreasoning,fgafg―good‖fgdecisionfgisfgonefgthatfgresultsfginfgthefggreatestfggoodfgforfgthefggreatestfgnumberf
goffgpeoplefgaffectedfgbyfgthefgdecision.



[returnfgtofgtop]

What's New in This Chapter
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Thefgfollowingfgelementsfgarefgimprovementsfginfgthisfgchapterfgfromfgthefgpreviousfgedition:

• Newfgchapterfgtitlefgandfgchapter-
openingfgintroductionfgscenariofgdiscussingfgrecentgtf echnologyfgscandalfginvolvingfgfinger-
prickfgbloodfgtestfgkits
• Newfgchapterfgorganizationfgandfgsubheadsfgthroughoutfg(includingfgnewfgheadingsfgfor
―outsourcing‖fgandfg―corruption‖)
• NewfgsectionfgonfgMakingfgEthicalfgBusinessfgDecisionsfgandfgnewfgmaterialsfgonfgSystematic
Approach:fgIDDRfg(―Ifgdesirefgtofgdofgright‖)fgthatfgwillfgbefgusedfgthroughoutfgthefgtextfgtofganalyzefgethic
s,fgincludingfginfgallfgoffgthefgnewfg―AfgQuestionfgoffgEthics‖fgproblemsfginfgthefgremainingfgchapters.
o Newfg―ApplicationfgoffgthefgIDDRfgApproach‖fgsubsectionfgwithfgstep-by-
stepfgdiscussiongfandfgsamplefgscenario.
• 1fgNewfgExhibitfg3–
1:fgAnfgAnalysisfgoffgEthicalfgApproachesfgtofgthefgSamplegfDilemmafg(forfgnewf
gIDDRfgApproach)


o 1fgNewfgTermfg&fgConcept
• outsourcing
• 1fgNewfgEthicsfgTodayfgfeature—




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