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

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

,TABLE OF CONTENTS l2 l2 l2




Part 1: An Overview of Business Ethics
l2 l2 l2 l2 l2 l2



1: The Importance of Business Ethics
l2 l2 l2 l2 l2



2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
l2 l2 l2 l2 l2 l2 l2



3: Sustainability: Ethical and Social Responsibility Dimensions
l2 l2 l2 l2 l2 l2



Part 2: Ethical Issues and the Institutionalization of Business Ethics
l2 l2 l2 l2 l2 l2 l2 l2 l2



4: The Institutionalization of Business Ethics
l2 l2 l2 l2 l2



5: Emerging Business Ethics Issues
l2 l2 l2 l2



Part 3: The Decision-Making Process
l2 l2 l2 l2



6: Ethical Decision Making
l2 l2 l2



7: Individual Factors: Moral Philosophies and Values
l2 l2 l2 l2 l2 l2



8: Organizational Factors: The Role of Ethical Culture and Relationships
l2 l2 l2 l2 l2 l2 l2 l2 l2



Part 4: Implementing Business Ethics in a Global Economy
l2 l2 l2 l2 l2 l2 l2 l2



9: Developing and Implementing an Effective Ethics Program
l2 l2 l2 l2 l2 l2 l2



10: Global Business Ethics Issues
l2 l2 l2 l2



11: Ethical Leadership
l2 l2



12: Technology: Ethics and Social Responsibility Issues
l2 l2 l2 l2 l2 l2

,1: The Importance of Business Ethics
l2 l2 l2 l2 l2




1. Principlesl2are
a. lawsl2andl2regulationsl2thatl2guidel2behaviorl2inl2thel2worldl2ofl2business.
b. mores,l2values,l2andl2customsl2thatl2guidel2behaviorl2inl2general.
c. specificl2andl2pervasivel2boundariesl2forl2behaviorl2thatl2arel2universall2andl2absolute.
d. thel2obligationsl2businessesl2assumel2tol2maximizel2theirl2positivel2impactl2andl2minimizel2theirl2negativel2impac
tl2onl2stakeholders.
e. thel2mores,l2values,l2andl2customsl2thatl2parentsl2teachl2theirl2children.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.l25
LEARNINGl2OBJECTIVES:l 2 LO:l21-1l2-
l2Explorel2conceptualizationsl2 of l2businessl2ethicsl2froml2anl2organizationall2perspective.

NATIONALl 2 STANDARDS:l 2 l 2 Unitedl2Statesl2-l2BUSPROG:l2 Ethics
STATEl 2 STANDARDS: Unitedl2Statesl2-l2NONEl2-l2DISC:l2Ethicall2Responsibilitiesl2 -l2Ethicall2Responsibilities
KEYWORDS: Blooms:l2Comprehension

2. Sociall2responsibilityl2is
a. anl2organization'sl2 obligationl2tol2maximizel2itsl2positivel2effectsl2andl2minimizel2itsl2negativel2effectsl2onl2stakeholders.
b. principlesl2andl2standardsl2thatl2guidel2behaviorl2inl2thel2worldl2ofl2business.
c. al2business'sl2responsibilityl2 notl2tol2pollutel2thel2environment.
d. al2business'sl2responsibilityl2tol2manufacturel2productsl2thatl2functionl2properly.
e. charitablel2contributionsl2madel2byl2al2businessl2tol2enhancel2itsl2image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.l223
LEARNINGl 2 OBJECTIVES:l 2 LO:l21-4l2-
l2Gainl2insight l2intol2thel2extent l2of l2ethicall2misconductl2inl2thel2workplacel2andl2thel2pressure

sl2forl2unethicall2behavior.
NATIONALl 2 STANDARDS:l 2 l 2 Unitedl2Statesl2-l2BUSPROG:l2 Ethics
STATEl 2 STANDARDS: Unitedl2Statesl2-l2NONEl2-l2DISC:l2Ethicall2Responsibilitiesl2 -l2Ethicall2Responsibilities
KEYWORDS: Blooms:l2Knowledge

, 3. Thel2
was/werel2enactedl2tol2restorel2confidencel2inl2financiall2reportingl2andl2businessl2ethicsl2afterl2thel2accou
ntingl2scandalsl2ofl2thel2earlyl22000s.
a. Defensel2Industryl2Initiativel2onl2Businessl2Ethicsl2andl2Conduct
b. Sarbanes-Oxleyl2 Act
c. Federall2Sentencingl2Guidelinesl2forl2Organizations
d. Foreignl2Corruptl2Practicesl2 Act
e. Dodd-Frankl2 Walll2Streetl2Reforml2andl2Consumerl2Protectionl2Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.l213
LEARNINGl2OBJECTIVES:l 2 LO:l21-2l2-l2Examinel2thel2historicall2foundationsl2andl2evolutionl2ofl2businessl2ethics.
NATIONALl 2 STANDARDS:l 2 l 2 Unitedl2Statesl2-l2BUSPROG:l2 Ethics
STATEl 2 STANDARDS: Unitedl2Statesl2-l2NONEl2-l2DISC:l2Ethicall2Responsibilitiesl2 -l2Ethicall2Responsibilities
KEYWORDS: Blooms:l2Knowledge

4. Thel2terml2 businessl 2 ethicsl2 isl2bestl2describedl2 byl2thel2followingl2 statement:
a. Itl2isl2thel2studyl2andl2philosophyl2ofl2humanl2conduct,l2withl2anl2emphasisl2onl2determiningl2rightl2andl2wrong.
b. Itl2isl2anl2"inquiryl2intol2thel2naturel2andl2groundsl2ofl2moralityl2wherel2thel2terml2moralityl2isl2takenl2tol2mean
l2morall2judgments,l2standardsl2andl2rulesl2ofl2conduct."

c. Itl2isl2thel2"studyl2ofl2thel2generall2naturel2ofl2moralsl2andl2ofl2specificl2morall2choices;l2morall2philosophy;l2andl2th
el2rulesl2orl2standardsl2governingl2thel2conductl2ofl2thel2membersl2ofl2al2profession."
d. Itl2isl2anl2organization'sl2obligationl2tol2maximizel2itsl2positivel2effectsl2andl2minimizel2itsl2negativel2effect
sl2onl2stakeholders.
e. Itl2comprisesl2thel2principles,l2values,l2andl2standardsl2thatl2guidel2behaviorl2inl2thel2worldl2ofl2business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.l25
LEARNINGl2OBJECTIVES:l 2 LO:l21-1l2-
l2Explorel2conceptualizationsl2 of l2businessl2ethicsl2froml2anl2organizationall2perspective.

NATIONALl 2 STANDARDS:l 2 l 2 Unitedl2Statesl2-l2BUSPROG:l2 Ethics
STATEl 2 STANDARDS: Unitedl2Statesl2-l2NONEl2-l2DISC:l2Ethicall2Responsibilitiesl2 -l2Ethicall2Responsibilities
KEYWORDS: Blooms:l2Knowledge