BusinessLaw:Text&Exercises(MindTapCourseList)
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SOLUTIONMANUAL ci
BusinessLaw:Text&Exercises(MindTapCourseList)
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10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
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1
website,in whole or in part.
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, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
Chapter1 ci
Tableof Contents ci ci
Purposeand 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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StandardDiscussion Rubric ................................................................................................................................... 12
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2
website,in whole or in part.
ci ci ci ci ci
, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
Purposeand Perspective of the Chapter ci ci ci ci ci
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
ci ci ci ci ci ci ci ci ci ci ci ci
students a framework for analyzing and making ethical decisions.
ci ci ci ci ci ci ci ci ci
CengageSupplements ci
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 ci
ListofStudentDownloads
ci ci ci
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) ci ci ci ci ci ci ci
ChapterObjectives ci
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior ci ci ci ci ci ci
2. Explain the relationship between law and ethics ci ci ci ci ci ci
3. Compare duty-based ethics and utilitarian ethics ci ci ci ci ci
4. Identify ethical problems in the global context ci ci ci ci ci ci
KeyTerms ci
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
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in the world of business and the application of moral principles to situations that arisein a business
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setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical ci ci ci ci ci ci ci ci ci ci ci ci
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
person should evaluate the action in terms of what would happen if everybody else in the same
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
situation, or category, acted the same way.
ci ci ci ci ci ci ci
corporate social responsibility (CSR): The concept that corporations can and should act ci ci ci ci ci ci ci ci ci ci ci
ethically and be accountable to society for their actions.
ci ci ci ci ci ci ci ci ci
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given ci ci ci ci ci ci ci ci ci ci ci ci
action against the benefits of the action.
ci ci ci ci ci ci ci
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
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
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
ethical standards to the particular situation at hand.
ci ci ci ci ci ci ci ci
3
website,in whole or in part. ci ci ci ci ci
, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
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.
ci ci ci ci ci ci ci
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on ci ci ci ci ci ci ci ci ci ci ci ci ci
society or on key stakeholders.
ci ci ci ci ci
outsourcing: The practice by which a company hires an outside firm or individual to performwork ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
rather than hiring employees.
ci ci ci ci
principle of rights: The principle that human beings have certain fundamental rights (to life,
ci ci ci ci ci ci ci ci ci ci ci ci ci
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
business decision is ethical under this theory is how that decision affects the rights of others,such
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
as employees, consumers, suppliers, and the community.
ci ci ci ci ci ci ci
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate ci ci ci ci ci ci ci ci ci ci ci
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
ci ci ci ci ci ci ci ci ci ci ci
which the corporation operates.
ci ci ci ci
triple bottom line: The idea that investors and others should consider notonly corporate
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profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
bottom line is people, planet, and profits.)
ci ci ci ci ci ci ci
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan ci ci ci ci ci ci ci ci ci ci ci ci ci ci
evaluation of the consequences of a given action on those who will be affected by it. In
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
utilitarian reasoning, a ―good‖ decision is one thatresults in the greatest good for the greatest number
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
of people affected by the decision.
ci ci ci ci ci ci
[return to top] ci ci
What'sNew in This Chapter ci ci ci ci
The following elements are improvements in this chapter from the previousedition:
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• New chapter title and chapter-opening introduction scenario discussing recent
ci ci ci ci ci ci ci ci
technology scandal involving finger-prick blood test kits
ci ci ci ci ci ci ci
• New chapter organization and subheads throughout (including new headings for
ci ci ci ci ci ci ci ci ci
―outsourcing‖ and ―corruption‖) ci ci
• New section on Making Ethical Business Decisions and new materials on Systematic
ci ci ci ci ci ci ci ci ci ci ci
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
ci including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. ci ci ci ci ci ci ci ci ci ci ci ci ci ci
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand ci ci ci ci ci ci ci ci ci ci
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
ci ci ci ci
• outsourcing
• 1 New Ethics Today feature—
ci ci ci ci
4
website,in whole or in part. ci ci ci ci ci
ci ci ci ci ci ci ci
SOLUTIONMANUAL ci
BusinessLaw:Text&Exercises(MindTapCourseList)
ci ci ci ci ci ci ci
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
ci ci ci ci ci ci ci ci
1
website,in whole or in part.
ci ci ci ci ci
, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
Chapter1 ci
Tableof Contents ci ci
Purposeand Perspective of the Chapter .................................................................................................................... 2
ci ci ci ci ci
Cengage Supplements ................................................................................................................................................... 2
ci
List of Student Downloads ......................................................................................................................................... 2
ci ci ci
Chapter Objectives .......................................................................................................................................................... 2
ci
Key Terms............................................................................................................................................................................ 2
ci
What's New in This Chapter............................................................................................................................................ 3
ci ci ci ci
Chapter Outline ................................................................................................................................................................ 4
ci
Discussion Questions ...................................................................................................................................................... 8
ci
Additional Resources ................................................................................................................................................... 10
ci
Cengage Video Resources ..................................................................................................................................... 10
ci ci
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ......................................................................................................................................................... 10
ci
Standard Writing Rubric ......................................................................................................................................... 10
ci ci
StandardDiscussion Rubric ................................................................................................................................... 12
ci ci
2
website,in whole or in part.
ci ci ci ci ci
, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
Purposeand Perspective of the Chapter ci ci ci ci ci
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
presents issues involved to determining the ethical responsibilities of businesses and provides
ci ci ci ci ci ci ci ci ci ci ci ci
students a framework for analyzing and making ethical decisions.
ci ci ci ci ci ci ci ci ci
CengageSupplements ci
The following product-level supplements provide additional information that may help you in
ci ci ci ci ci ci ci ci ci ci ci
preparing your course. They are available in the Instructor Resource Center.
ci ci ci ci ci ci ci ci ci ci ci
• PowerPoint Deck ci
ListofStudentDownloads
ci ci ci
Students should download the following items from the Student Companion Center to completethe
ci ci ci ci ci ci ci ci ci ci ci ci ci
activities and assignments related to this chapter:
ci ci ci ci ci ci ci
• PowerPoint Deck (without teaching notes, activities, or answers) ci ci ci ci ci ci ci
ChapterObjectives ci
The following objectives are addressed in this chapter:
ci ci ci ci ci ci ci
1. Discuss how business can discourage unethical behavior ci ci ci ci ci ci
2. Explain the relationship between law and ethics ci ci ci ci ci ci
3. Compare duty-based ethics and utilitarian ethics ci ci ci ci ci
4. Identify ethical problems in the global context ci ci ci ci ci ci
KeyTerms ci
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
in the world of business and the application of moral principles to situations that arisein a business
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
setting.
ci
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical ci ci ci ci ci ci ci ci ci ci ci ci
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
person should evaluate the action in terms of what would happen if everybody else in the same
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
situation, or category, acted the same way.
ci ci ci ci ci ci ci
corporate social responsibility (CSR): The concept that corporations can and should act ci ci ci ci ci ci ci ci ci ci ci
ethically and be accountable to society for their actions.
ci ci ci ci ci ci ci ci ci
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given ci ci ci ci ci ci ci ci ci ci ci ci
action against the benefits of the action.
ci ci ci ci ci ci ci
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
others, including both humans and the planet. Those duties may be derived from religious principles
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
or from other philosophical reasoning.
ci ci ci ci ci
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
ethical standards to the particular situation at hand.
ci ci ci ci ci ci ci ci
3
website,in whole or in part. ci ci ci ci ci
, BusinessLaw:Text&Exercises(MindTapCourseList) ci ci ci ci ci ci ci
ethics: Moral principles and values applied to social behavior.
ci ci ci ci ci ci ci ci
moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
ci ci ci ci ci ci ci ci ci ci ci ci ci ci
usually defined as compliance with the law.
ci ci ci ci ci ci ci
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on ci ci ci ci ci ci ci ci ci ci ci ci ci
society or on key stakeholders.
ci ci ci ci ci
outsourcing: The practice by which a company hires an outside firm or individual to performwork ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
rather than hiring employees.
ci ci ci ci
principle of rights: The principle that human beings have certain fundamental rights (to life,
ci ci ci ci ci ci ci ci ci ci ci ci ci
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
business decision is ethical under this theory is how that decision affects the rights of others,such
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
as employees, consumers, suppliers, and the community.
ci ci ci ci ci ci ci
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate ci ci ci ci ci ci ci ci ci ci ci
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
ci ci ci ci ci ci ci ci ci ci ci
which the corporation operates.
ci ci ci ci
triple bottom line: The idea that investors and others should consider notonly corporate
ci ci ci ci ci ci ci ci ci ci ci ci ci
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
bottom line is people, planet, and profits.)
ci ci ci ci ci ci ci
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan ci ci ci ci ci ci ci ci ci ci ci ci ci ci
evaluation of the consequences of a given action on those who will be affected by it. In
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
utilitarian reasoning, a ―good‖ decision is one thatresults in the greatest good for the greatest number
ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
of people affected by the decision.
ci ci ci ci ci ci
[return to top] ci ci
What'sNew in This Chapter ci ci ci ci
The following elements are improvements in this chapter from the previousedition:
ci ci ci ci ci ci ci ci ci ci ci
• New chapter title and chapter-opening introduction scenario discussing recent
ci ci ci ci ci ci ci ci
technology scandal involving finger-prick blood test kits
ci ci ci ci ci ci ci
• New chapter organization and subheads throughout (including new headings for
ci ci ci ci ci ci ci ci ci
―outsourcing‖ and ―corruption‖) ci ci
• New section on Making Ethical Business Decisions and new materials on Systematic
ci ci ci ci ci ci ci ci ci ci ci
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci ci
ci including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. ci ci ci ci ci ci ci ci ci ci ci ci ci ci
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand ci ci ci ci ci ci ci ci ci ci
sample scenario.
ci ci
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
ci ci ci ci ci ci ci ci ci ci ci
Dilemma (for new IDDR Approach)
ci ci ci ci ci
o 1 New Term & Concept
ci ci ci ci
• outsourcing
• 1 New Ethics Today feature—
ci ci ci ci
4
website,in whole or in part. ci ci ci ci ci
