Test Bank For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Ferrell

TEST BANK
Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12

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Part1: An Overview of Business Ethics 1:The
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Importance of Business Ethics
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2:StakeholderRelationships,SocialResponsibility,andCorporateGovernance 3:Sustainability:Ethicaland
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SocialResponsibilityDimensions
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Part2: Ethical Issues andthe Institutionalization of Business Ethics 4:TheInstitutionalization of
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Business Ethics
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5:Emerging Business EthicsIssues Part3: TheDecision-
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MakingProcess 6:Ethical Decision Making
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7:IndividualFactors:MoralPhilosophies and Values
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8:Organizational Factors:The Role of Ethical Cultureand Relationships Part4: Implementing Business Ethics
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in a Global Economy
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9:Developingand Implementing an EffectiveEthics Program 10: GlobalBusiness Ethics
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Issues
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11:EthicalLeadership
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12: Technology: Ethics andSocial Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principles are v




a. laws and regulations that guide behavior in theworld ofbusiness.
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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. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpact
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von 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 v




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational
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perspective. v




NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension v




2. Socialresponsibility is v v




a. anorganization's obligation to maximize its positive effects andminimize itsnegative effects on stakeholders.
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b. principles andstandards thatguide behavior intheworld of business.
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c. abusiness's responsibility not topollute the environment.
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d. abusiness'sresponsibility tomanufacture productsthatfunction properly.
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e. charitable contributions made byabusiness toenhance itsimage.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 v




LEARNING OBJECTIVES: LO: 1-4 -Gain insight into theextent of ethical misconduct in the workplace and the
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pressures for unethical behavior. v v v v




NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge v

, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the v v v v v v v v v v v v




accounting scandals of the early 2000s.
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a. Defense Industry Initiative onBusiness Ethics and Conduct
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b. Sarbanes-Oxley Act v




c. Federal Sentencing Guidelines forOrganizations
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d. Foreign Corrupt Practices Act v v v




e. Dodd-Frank Wall Street Reform and Consumer Protection Act v v v v v v v




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 v




LEARNING OBJECTIVES: LO:1-2-Examine thehistorical foundations andevolution ofbusiness ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics v vv v v v v v




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge v




4. The term business ethics is best described by the following statement:
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a. Itisthestudyandphilosophy ofhuman conduct, withan emphasis ondetermining rightand wrong.
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b. It is an "inquiry into the nature and grounds of morality where theterm morality istaken to mean
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moral judgments, standards and rules of conduct."
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c. It isthe "study ofthe general nature of morals and ofspecific moral choices; moral philosophy; and therules
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or standards governing the conduct of the members of a profession."
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d. Itisanorganization's obligationtomaximizeitspositiveeffectsandminimizeitsnegativeeffects
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on stakeholders.
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e. Itcomprises theprinciples, values, and standards that guide behavior intheworld ofbusiness.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 v




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational
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perspective. v




NATIONAL STANDARDS: United States - BUSPROG: Ethics v vv v v v v v




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge v