TESTBANK n
Business Ethics Ethical Decision Making and Cases, 13th Edition
n n n n n n n n
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
n n n n n n n n n n
,TABLEnOFnCONTENTS n
Part n1: nAn nOverview nof nBusiness nEthics n 1:
The nImportance nof nBusiness nEthics
n
2: nStakeholder nRelationships, nSocial nResponsibility, nand nCorporate nGovernance n 3:
Sustainability: nEthical nand nSocial nResponsibility nDimensions
n
Part n2: nEthical nIssues nand nthe nInstitutionalization nof nBusiness nEthics n 4: nThe
Institutionalization nof nBusiness nEthics
n
5: nEmerging nBusiness nEthics nIssues n nPart n3:
The nDecision-Making nProcess n 6: nEthical
n
Decision nMaking
n
7: nIndividual nFactors: nMoral nPhilosophies nand nValues
8: nOrganizational nFactors: nThe nRole nof nEthical nCulture nand nRelationships n nPart n4:
Implementing nBusiness nEthics nin na nGlobal nEconomy
n
9: nDeveloping nand nImplementing nan nEffective nEthics nProgram n 10: nGlobal
Business nEthics nIssues
n
11: nEthical nLeadership
12: nTechnology: nEthics nand nSocial nResponsibility nIssues
,1: nThe nImportance nof nBusiness nEthics
1. Principles nare
a. laws nand nregulations nthat nguide nbehavior nin nthe nworld nof nbusiness.
b. mores, nvalues, nand ncustoms nthat nguide nbehavior nin ngeneral.
c. specific nand npervasive nboundaries nfor nbehavior nthat nare nuniversal nand nabsolute.
d. the nobligations nbusinesses nassume nto nmaximize ntheir npositive nimpact nand nminimize
their nnegative nimpact non
n n stakeholders.
e. the nmores, nvalues, nand ncustoms nthat nparents nteach ntheir nchildren.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom nan
norganizational n perspective.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nComprehension
2. Social nresponsibility nis
a. an norganization's n obligation nto nmaximize nits npositive neffects nand nminimize nits nnegative
effects non nstakeholders.
n
b. principles nand nstandards nthat nguide nbehavior nin nthe nworld nof nbusiness.
c. a nbusiness's nresponsibility nnot nto npollute nthe nenvironment.
d. a nbusiness's nresponsibility nto nmanufacture nproducts nthat nfunction nproperly.
e. charitable ncontributions nmade nby na nbusiness nto nenhance nits nimage.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n23
LEARNING n OBJECTIVES: n n LO: n1-4 n- nGain ninsight ninto nthe nextent nof nethical nmisconduct nin
nthe nworkplace nand nthe n pressures nfor nunethical nbehavior.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge
, 3. The was/were nenacted nto nrestore nconfidence nin nfinancial nreporting nand nbusiness
nethics nafter nthe naccounting n scandals nof nthe nearly n2000s.
a. Defense nIndustry nInitiative non nBusiness nEthics nand nConduct
b. Sarbanes-Oxley nAct
c. Federal nSentencing nGuidelines nfor nOrganizations
d. Foreign nCorrupt nPractices n Act
e. Dodd-Frank nWall nStreet nReform nand nConsumer nProtection nAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n13
LEARNING nOBJECTIVES: n nLO: n1-2 n- nExamine nthe nhistorical nfoundations nand nevolution nof
nbusiness nethics.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge
4. The nterm nbusiness n ethics n is nbest ndescribed nby nthe nfollowing nstatement:
a. It nis nthe nstudy nand nphilosophy nof nhuman nconduct, nwith nan nemphasis non ndetermining
right nand nwrong.
n
b. It nis nan n"inquiry ninto nthe nnature nand ngrounds nof nmorality nwhere nthe nterm
nmorality nis ntaken nto nmean nmoral n judgments, nstandards nand nrules nof
nconduct."
c. It nis nthe n"study nof nthe ngeneral nnature nof nmorals nand nof nspecific nmoral nchoices; nmoral
nphilosophy; nand nthe nrules nor n standards ngoverning nthe nconduct nof nthe nmembers nof
na nprofession."
d. It nis nan norganization's nobligation nto nmaximize nits npositive neffects nand nminimize
its nnegative neffects non
n n stakeholders.
e. It ncomprises nthe nprinciples, nvalues, nand nstandards nthat nguide nbehavior nin nthe nworld nof
business.
n
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom
nan norganizational n perspective.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
Business Ethics Ethical Decision Making and Cases, 13th Edition
n n n n n n n n
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
n n n n n n n n n n
,TABLEnOFnCONTENTS n
Part n1: nAn nOverview nof nBusiness nEthics n 1:
The nImportance nof nBusiness nEthics
n
2: nStakeholder nRelationships, nSocial nResponsibility, nand nCorporate nGovernance n 3:
Sustainability: nEthical nand nSocial nResponsibility nDimensions
n
Part n2: nEthical nIssues nand nthe nInstitutionalization nof nBusiness nEthics n 4: nThe
Institutionalization nof nBusiness nEthics
n
5: nEmerging nBusiness nEthics nIssues n nPart n3:
The nDecision-Making nProcess n 6: nEthical
n
Decision nMaking
n
7: nIndividual nFactors: nMoral nPhilosophies nand nValues
8: nOrganizational nFactors: nThe nRole nof nEthical nCulture nand nRelationships n nPart n4:
Implementing nBusiness nEthics nin na nGlobal nEconomy
n
9: nDeveloping nand nImplementing nan nEffective nEthics nProgram n 10: nGlobal
Business nEthics nIssues
n
11: nEthical nLeadership
12: nTechnology: nEthics nand nSocial nResponsibility nIssues
,1: nThe nImportance nof nBusiness nEthics
1. Principles nare
a. laws nand nregulations nthat nguide nbehavior nin nthe nworld nof nbusiness.
b. mores, nvalues, nand ncustoms nthat nguide nbehavior nin ngeneral.
c. specific nand npervasive nboundaries nfor nbehavior nthat nare nuniversal nand nabsolute.
d. the nobligations nbusinesses nassume nto nmaximize ntheir npositive nimpact nand nminimize
their nnegative nimpact non
n n stakeholders.
e. the nmores, nvalues, nand ncustoms nthat nparents nteach ntheir nchildren.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom nan
norganizational n perspective.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nComprehension
2. Social nresponsibility nis
a. an norganization's n obligation nto nmaximize nits npositive neffects nand nminimize nits nnegative
effects non nstakeholders.
n
b. principles nand nstandards nthat nguide nbehavior nin nthe nworld nof nbusiness.
c. a nbusiness's nresponsibility nnot nto npollute nthe nenvironment.
d. a nbusiness's nresponsibility nto nmanufacture nproducts nthat nfunction nproperly.
e. charitable ncontributions nmade nby na nbusiness nto nenhance nits nimage.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n23
LEARNING n OBJECTIVES: n n LO: n1-4 n- nGain ninsight ninto nthe nextent nof nethical nmisconduct nin
nthe nworkplace nand nthe n pressures nfor nunethical nbehavior.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge
, 3. The was/were nenacted nto nrestore nconfidence nin nfinancial nreporting nand nbusiness
nethics nafter nthe naccounting n scandals nof nthe nearly n2000s.
a. Defense nIndustry nInitiative non nBusiness nEthics nand nConduct
b. Sarbanes-Oxley nAct
c. Federal nSentencing nGuidelines nfor nOrganizations
d. Foreign nCorrupt nPractices n Act
e. Dodd-Frank nWall nStreet nReform nand nConsumer nProtection nAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n13
LEARNING nOBJECTIVES: n nLO: n1-2 n- nExamine nthe nhistorical nfoundations nand nevolution nof
nbusiness nethics.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge
4. The nterm nbusiness n ethics n is nbest ndescribed nby nthe nfollowing nstatement:
a. It nis nthe nstudy nand nphilosophy nof nhuman nconduct, nwith nan nemphasis non ndetermining
right nand nwrong.
n
b. It nis nan n"inquiry ninto nthe nnature nand ngrounds nof nmorality nwhere nthe nterm
nmorality nis ntaken nto nmean nmoral n judgments, nstandards nand nrules nof
nconduct."
c. It nis nthe n"study nof nthe ngeneral nnature nof nmorals nand nof nspecific nmoral nchoices; nmoral
nphilosophy; nand nthe nrules nor n standards ngoverning nthe nconduct nof nthe nmembers nof
na nprofession."
d. It nis nan norganization's nobligation nto nmaximize nits npositive neffects nand nminimize
its nnegative neffects non
n n stakeholders.
e. It ncomprises nthe nprinciples, nvalues, nand nstandards nthat nguide nbehavior nin nthe nworld nof
business.
n
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom
nan norganizational n perspective.
NATIONAL n STANDARDS: n n nUnited nStates n- nBUSPROG: n Ethics
STATE n STANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n - nEthical
nResponsibilities
