TEST BANK tt
Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS tt tt tt
Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
tt tt tt tt tt
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
tt tt tt tt tt tt tt
3: Sustainability: Ethical and Social Responsibility Dimensions
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Part 2: Ethical Issues and the Institutionalization of Business Ethics
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4: The Institutionalization of Business Ethics
tt tt tt tt tt
5: Emerging Business Ethics Issues
tt tt tt tt
Part 3: The Decision-Making Process
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6: Ethical Decision Making
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7: Individual Factors: Moral Philosophies and Values
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8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
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9: Developing and Implementing an Effective Ethics Program
tt tt tt tt tt tt tt
10: Global Business Ethics Issues
tt tt tt tt
11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
tt tt tt tt tt tt
,1: The Importance of Business Ethics
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1. Principles are tt
a. laws and regulations that guide behavior in the world of business.
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b. mores, values, and customs that guide behavior in general.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. theobligations businesses assumeto maximize their positiveimpact and minimizetheirnegative impacton
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stakeholders.
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e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 tt
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations ofbusiness ethics froman organizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension tt
2. Social responsibility is
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a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles and standards that guide behavior in the world of business.
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c. a business's responsibility not to pollute the environment.
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d. abusiness's responsibility to manufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 tt
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
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pressures for unethical behavior. tt tt tt tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Knowledge tt
, 3. The tt
was/were enacted to restore confidence in financial reporting and business ethics after the accounting tt tt tt tt tt tt tt tt tt tt tt tt tt
scandals of the early 2000s.
tt tt tt tt tt
a. Defense Industry Initiative on Business Ethics and Conduct
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b. Sarbanes-Oxley Act tt
c. Federal Sentencing Guidelines for Organizations
tt tt tt tt
d. Foreign Corrupt Practices Act tt tt tt
e. Dodd-Frank Wall Street Reform and Consumer Protection Act tt tt tt tt tt tt tt
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 tt
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge tt
4. The term business ethics is best described by the following statement:
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a. Itis the study and philosophy of human conduct, with an emphasis on determining right and wrong.
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b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt
judgments, standards and rules of conduct."
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c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or
tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt
standards governing the conduct of the members of a profession."
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d. Itis an organization's obligation to maximize its positive effects and minimize itsnegative effects on
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stakeholders.
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e. Itcomprises the principles, values, and standards that guide behavior in the world of business.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 tt
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations ofbusiness ethics froman organizational perspective.
tt t t t t t tt tt t tt t t t tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Knowledge tt
Business Ethics Ethical Decision Making and Cases, 13th Edition
tt tt tt tt tt tt tt tt
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
tt tt tt tt tt tt tt tt tt tt
,TABLE OF CONTENTS tt tt tt
Part 1: An Overview of Business Ethics
tt tt tt tt tt tt
1: The Importance of Business Ethics
tt tt tt tt tt
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
tt tt tt tt tt tt tt
3: Sustainability: Ethical and Social Responsibility Dimensions
tt tt tt tt tt tt
Part 2: Ethical Issues and the Institutionalization of Business Ethics
tt tt tt tt tt tt tt tt tt
4: The Institutionalization of Business Ethics
tt tt tt tt tt
5: Emerging Business Ethics Issues
tt tt tt tt
Part 3: The Decision-Making Process
tt tt tt tt
6: Ethical Decision Making
tt tt tt
7: Individual Factors: Moral Philosophies and Values
tt tt tt tt tt tt
8: Organizational Factors: The Role of Ethical Culture and Relationships
tt tt tt tt tt tt tt tt tt
Part 4: Implementing Business Ethics in a Global Economy
tt tt tt tt tt tt tt tt
9: Developing and Implementing an Effective Ethics Program
tt tt tt tt tt tt tt
10: Global Business Ethics Issues
tt tt tt tt
11: Ethical Leadership
tt tt
12: Technology: Ethics and Social Responsibility Issues
tt tt tt tt tt tt
,1: The Importance of Business Ethics
tt tt tt tt tt
1. Principles are tt
a. laws and regulations that guide behavior in the world of business.
tt tt tt tt tt tt tt tt tt tt
b. mores, values, and customs that guide behavior in general.
tt tt tt tt tt tt tt tt
c. specific and pervasive boundaries for behavior that are universal and absolute.
tt tt tt tt tt tt tt tt tt tt
d. theobligations businesses assumeto maximize their positiveimpact and minimizetheirnegative impacton
t tt t t t t t t t t t t t t
stakeholders.
tt
e. the mores, values, and customs that parents teach their children.
tt tt tt tt tt tt tt tt tt
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 tt
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations ofbusiness ethics froman organizational perspective.
tt t t t t t tt tt t tt t t t tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Comprehension tt
2. Social responsibility is
tt tt
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
tt tt tt tt tt tt tt tt tt tt tt tt tt tt
b. principles and standards that guide behavior in the world of business.
tt tt tt tt tt tt tt tt tt tt
c. a business's responsibility not to pollute the environment.
tt tt tt tt tt tt tt
d. abusiness's responsibility to manufacture products that function properly.
t t tt t tt tt t tt
e. charitable contributions made by a business to enhance its image.
tt tt tt t t tt t tt tt
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 tt
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
tt t t tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt
pressures for unethical behavior. tt tt tt tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Knowledge tt
, 3. The tt
was/were enacted to restore confidence in financial reporting and business ethics after the accounting tt tt tt tt tt tt tt tt tt tt tt tt tt
scandals of the early 2000s.
tt tt tt tt tt
a. Defense Industry Initiative on Business Ethics and Conduct
tt tt tt t tt tt tt
b. Sarbanes-Oxley Act tt
c. Federal Sentencing Guidelines for Organizations
tt tt tt tt
d. Foreign Corrupt Practices Act tt tt tt
e. Dodd-Frank Wall Street Reform and Consumer Protection Act tt tt tt tt tt tt tt
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 tt
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
tt t t t tt t tt t tt tt t tt t tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Knowledge tt
4. The term business ethics is best described by the following statement:
tt tt tt tt tt tt tt tt tt tt
a. Itis the study and philosophy of human conduct, with an emphasis on determining right and wrong.
t t t tt tt tt t tt tt t tt tt t tt t tt
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt
judgments, standards and rules of conduct."
tt tt tt tt tt tt
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or
tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt
standards governing the conduct of the members of a profession."
tt tt tt tt tt tt tt tt tt tt
d. Itis an organization's obligation to maximize its positive effects and minimize itsnegative effects on
t t t tt t t t t t t t tt t tt tt
stakeholders.
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e. Itcomprises the principles, values, and standards that guide behavior in the world of business.
t tt tt tt tt tt tt tt tt tt t tt tt t
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 tt
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations ofbusiness ethics froman organizational perspective.
tt t t t t t tt tt t tt t t t tt
NATIONAL STANDARDS: United States - BUSPROG: Ethics tt t t t t tt tt tt tt
STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities - Ethical Responsibilities
tt t tt t tt t tt tt tt t tt
KEYWORDS: Blooms: Knowledge tt
