TESTBANK BusinessEthicsEthicalDecisionMakingandCases,13thEdition

TESTBANK
BusinessEthicsEthicalDecisionMakingandCases,13thEdition
ByO.C.Ferrell,JohnFraedrich,AllChapters1-12

,TABLEOFCONTENTS
Part1:AnOverviewofBusinessEthics
1:TheImportanceofBusinessEthics
2:StakeholderRelationships,SocialResponsibility,andCorporateGovernance
3:Sustainability:EthicalandSocialResponsibilityDimensions
Part2:EthicalIssuesandtheInstitutionalizationofBusinessEthics
4:TheInstitutionalizationofBusinessEthics
5:EmergingBusinessEthicsIssues
Part3:TheDecision-MakingProcess
6:EthicalDecisionMaking
7:IndividualFactors:MoralPhilosophiesandValues
8:OrganizationalFactors:TheRoleofEthicalCultureandRelationships
Part4:ImplementingBusinessEthicsinaGlobalEconomy
9:DevelopingandImplementinganEffectiveEthicsProgram
10:GlobalBusinessEthicsIssues
11:EthicalLeadership
12:Technology:EthicsandSocialResponsibilityIssues

,1:TheImportanceofBusinessEthics

1. Principlesare
a. lawsandregulationsthatguidebehaviorintheworldofbusiness.
b. mores,values,andcustomsthatguidebehavioringeneral.
c. specificandpervasiveboundariesforbehaviorthatareuniversalandabsolute.
d. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpactonstakeh
olders.
e. themores,values,andcustomsthatparentsteachtheirchildren.

ANS>>: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.5
LEARNINGOBJECTIVES:LO:1-1-Exploreconceptualizationsofbusinessethicsfromanorganizationalperspective.
NATIONALSTANDARDS:UnitedStates-BUSPROG:Ethics
STATESTANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities-EthicalResponsibilities
KEYWORDS: Blooms:Comprehension

2. Socialresponsibilityis
a. anorganization'sobligationtomaximizeitspositiveeffectsandminimizeitsnegativeeffectsonstakeholders.
b. principlesandstandardsthatguidebehaviorintheworldofbusiness.
c. abusiness'sresponsibilitynottopollutetheenvironment.
d. abusiness'sresponsibilitytomanufactureproductsthatfunctionproperly.
e. charitablecontributionsmadebyabusinesstoenhanceitsimage.

ANS>>: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.23
LEARNINGOBJECTIVES:LO:1-4-
Gaininsightintotheextentofethicalmisconductintheworkplaceandthepressuresforunethical
behavior.
NATIONALSTANDARDS:UnitedStates-BUSPROG:Ethics
STATESTANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities-EthicalResponsibilities
KEYWORDS: Blooms:Knowledge

, 3. The
was/wereenactedtorestoreconfidenceinfinancialreportingandbusinessethicsaftertheaccountingscandals
oftheearly2000s.
a. DefenseIndustryInitiativeonBusinessEthicsandConduct
b. Sarbanes-OxleyAct
c. FederalSentencingGuidelinesforOrganizations
d. ForeignCorruptPracticesAct
e. Dodd-FrankWallStreetReformandConsumerProtectionAct

ANS>>: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.13
LEARNINGOBJECTIVES:LO:1-2-Examinethehistoricalfoundationsandevolutionofbusinessethics.
NATIONALSTANDARDS:UnitedStates-BUSPROG:Ethics
STATESTANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities-EthicalResponsibilities
KEYWORDS: Blooms:Knowledge

4. Thetermbusinessethicsisbestdescribedbythefollowingstatement:
a. Itisthestudyandphilosophyofhumanconduct,withanemphasisondeterminingrightandwrong.
b. Itisan"inquiryintothenatureandgroundsofmoralitywherethetermmoralityistakentomeanmoraljudgments,
standardsandrulesofconduct."
c. Itisthe"studyofthegeneralnatureofmoralsandofspecificmoralchoices;moralphilosophy;andtherulesorstandard
sgoverningtheconductofthemembersofaprofession."
d. Itisanorganization'sobligationtomaximizeitspositiveeffectsandminimizeitsnegativeeffectsonstakeho
lders.
e. Itcomprisestheprinciples,values,andstandardsthatguidebehaviorintheworldofbusiness.

ANS>>: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.5
LEARNINGOBJECTIVES:LO:1-1-Exploreconceptualizationsofbusinessethicsfromanorganizationalperspective.
NATIONALSTANDARDS:UnitedStates-BUSPROG:Ethics
STATESTANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities-EthicalResponsibilities
KEYWORDS: Blooms:Knowledge