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

BusinessLaw:Text&Exercises(MindTapCourseList)
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SOLUTIONMANUAL cn




BusinessLaw:Text&Exercises(MindTapCourseList)
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10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
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, BusinessLaw:Text&Exercises(MindTapCourseList) cn cn cn cn cn cn cn




Chapter 1 cn




Table of Contents cn cn




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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, BusinessLaw:Text&Exercises(MindTapCourseList) cn cn cn cn cn cn cn




Purpose and Perspective of the Chapter cn cn cn cn cn




The purpose of this chapter is to examine the relationship between law and ethics. The chapter
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presents issues involved to determining the ethical responsibilities of businesses and provides
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students a framework for analyzing and making ethical decisions.
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CengageSupplements cn




The following product-level supplements provide additional information that may help you in
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preparing your course. They are available in the Instructor Resource Center.
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• PowerPoint Deck cn




ListofStudentDownloads
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Students should download the following items from the Student Companion Center to completethe
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activities and assignments related to this chapter:
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• PowerPoint Deck (without teaching notes, activities, or answers) cn cn cn cn cn cn cn




ChapterObjectives cn




The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior cn cn cn cn cn cn




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




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




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




Key Terms cn




business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
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behavior in the world of business and the application of moral principles to situations that arisein a
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business setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical cn cn cn cn cn cn cn cn cn cn cn cn




guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
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person should evaluate the action in terms of what would happen if everybody else in the same
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situation, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and should act
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ethically and be accountable to society for their actions.
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cost-benefit analysis: A decision-making technique that involves weighing the costs of a given cn cn cn cn cn cn cn cn cn cn cn cn




action against the benefits of the action.
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duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
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others, including both humans and the planet. Those duties may be derived from religious principles
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or from other philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
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ethical standards to the particular situation at hand.
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ethics: Moral principles and values applied to social behavior.
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moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
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usually defined as compliance with the law.
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outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on cn cn cn cn cn cn cn cn cn cn cn cn cn




society or on key stakeholders.
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outsourcing: The practice by which a company hires an outside firm or individual to performwork cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn




rather than hiring employees.
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principle of rights: The principle that human beings have certain fundamental rights (to life,
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freedom, and the pursuit of happiness, for example). A key factor in determining whether a
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business decision is ethical under this theory is how that decision affects the rights of others,such
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as employees, consumers, suppliers, and the community.
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stakeholders: Groups, other than the company’s shareholders, that are affected by corporate cn cn cn cn cn cn cn cn cn cn cn




decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
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which the corporation operates.
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triple bottom line: The idea that investors and others should consider not only corporate
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profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
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bottom line is people, planet, and profits.)
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utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan cn cn cn cn cn cn cn cn cn cn cn cn cn cn




evaluation of the consequences of a given action on those who will be affected by it. In
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utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number
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of people affected by the decision.
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What's New in This Chapter cn cn cn cn




The following elements are improvements in this chapter from the previous edition:
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• New chapter title and chapter-opening introduction scenario discussing recent
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technology 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‖) cn cn




• New section on Making Ethical Business Decisions and new materials on Systematic
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Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn




cn ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
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cn chapters.
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand
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sample scenario.
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• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
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Dilemma (for new IDDR Approach)
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o 1 New Term & Concept
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• outsourcing
• 1 New Ethics Today feature—
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