Business Law: Text & Exercises (MindTap Course List)
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: sMoral sprinciples sand svalues sapplied sto ssocial sbehavior.
moral sminimum: sThe sminimum sdegree sof sethical sbehavior sexpected sof sa sbusiness sfirm,
swhich sissusually sdefined sas scompliance swith sthe slaw.
outcome-based sethics: sAn sethical sphilosophy sthat sfocuses son sthe simpacts sof sa
sdecision sonssociety sor son skey sstakeholders.
outsourcing: sThe spractice sby swhich sa scompany shires san soutside sfirm sor sindividual sto
sperformswork srather sthan shiring semployees.
principle sof srights: sThe sprinciple sthat shuman sbeings shave scertain sfundamental srights
s(to slife,sfreedom, sand sthe spursuit sof shappiness, sfor sexample). sA skey sfactor sin
sdetermining swhether sa sbusiness sdecision sis sethical sunder sthis stheory sis show sthat
sdecision saffects sthe srights sof sothers,ssuch sas semployees, sconsumers, ssuppliers, sand sthe
scommunity.
stakeholders: sGroups, sother sthan sthe scompany’s sshareholders, sthat sare saffected sby
scorporate sdecisions. sStakeholders sinclude semployees, scustomers, screditors, ssuppliers, sand
sthe scommunitysin swhich sthe scorporation soperates.
triple sbottom sline: sThe sidea sthat sinvestors sand sothers sshould sconsider snot sonly scorporate
profits, sbut salso sthe scorporation’s simpact son speople sand son sthe splanet sin sassessing sthe
sfirm. s(Thesbottom sline sis speople, splanet, sand sprofits.)
utilitarianism: sAn sapproach sto sethical sreasoning sin swhich sethically scorrect sbehavior sis
srelated stosan sevaluation sof sthe sconsequences sof sa sgiven saction son sthose swho swill sbe
saffected sby sit. sIn
utilitarian sreasoning, sa s―good‖ sdecision sis sone sthat sresults sin sthe sgreatest sgood sfor sthe
sgreatest snumber sof speople saffected sby sthe sdecision.
[return sto stop]
What's sNew sin sThis sChapter
The sfollowing selements sare simprovements sin sthis schapter sfrom sthe sprevious sedition:
• New schapter stitle sand schapter-opening sintroduction sscenario sdiscussing
srecentstechnology sscandal sinvolving sfinger-prick sblood stest skits
• New schapter sorganization sand ssubheads sthroughout s(including snew sheadings sfor
―outsourcing‖ sand s―corruption‖)
• New ssection son sMaking sEthical sBusiness sDecisions sand snew smaterials son sSystematic
Approach: sIDDR s(―I sdesire sto sdo sright‖) sthat swill sbe sused sthroughout sthe stext sto
sanalyze sethics, sincluding sin sall sof sthe snew s―A sQuestion sof sEthics‖ sproblems sin
sthe sremaining schapters.
o New s―Application sof sthe sIDDR sApproach‖ ssubsection swith sstep-by-step
sdiscussionsand ssample sscenario.
• 1 sNew sExhibit s3–1: sAn sAnalysis sof sEthical sApproaches sto sthe
sSamplesDilemma s(for snew sIDDR sApproach)
o 1 sNew sTerm s& sConcept
• outsourcing
4
website, in whole or in part.
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: sMoral sprinciples sand svalues sapplied sto ssocial sbehavior.
moral sminimum: sThe sminimum sdegree sof sethical sbehavior sexpected sof sa sbusiness sfirm,
swhich sissusually sdefined sas scompliance swith sthe slaw.
outcome-based sethics: sAn sethical sphilosophy sthat sfocuses son sthe simpacts sof sa
sdecision sonssociety sor son skey sstakeholders.
outsourcing: sThe spractice sby swhich sa scompany shires san soutside sfirm sor sindividual sto
sperformswork srather sthan shiring semployees.
principle sof srights: sThe sprinciple sthat shuman sbeings shave scertain sfundamental srights
s(to slife,sfreedom, sand sthe spursuit sof shappiness, sfor sexample). sA skey sfactor sin
sdetermining swhether sa sbusiness sdecision sis sethical sunder sthis stheory sis show sthat
sdecision saffects sthe srights sof sothers,ssuch sas semployees, sconsumers, ssuppliers, sand sthe
scommunity.
stakeholders: sGroups, sother sthan sthe scompany’s sshareholders, sthat sare saffected sby
scorporate sdecisions. sStakeholders sinclude semployees, scustomers, screditors, ssuppliers, sand
sthe scommunitysin swhich sthe scorporation soperates.
triple sbottom sline: sThe sidea sthat sinvestors sand sothers sshould sconsider snot sonly scorporate
profits, sbut salso sthe scorporation’s simpact son speople sand son sthe splanet sin sassessing sthe
sfirm. s(Thesbottom sline sis speople, splanet, sand sprofits.)
utilitarianism: sAn sapproach sto sethical sreasoning sin swhich sethically scorrect sbehavior sis
srelated stosan sevaluation sof sthe sconsequences sof sa sgiven saction son sthose swho swill sbe
saffected sby sit. sIn
utilitarian sreasoning, sa s―good‖ sdecision sis sone sthat sresults sin sthe sgreatest sgood sfor sthe
sgreatest snumber sof speople saffected sby sthe sdecision.
[return sto stop]
What's sNew sin sThis sChapter
The sfollowing selements sare simprovements sin sthis schapter sfrom sthe sprevious sedition:
• New schapter stitle sand schapter-opening sintroduction sscenario sdiscussing
srecentstechnology sscandal sinvolving sfinger-prick sblood stest skits
• New schapter sorganization sand ssubheads sthroughout s(including snew sheadings sfor
―outsourcing‖ sand s―corruption‖)
• New ssection son sMaking sEthical sBusiness sDecisions sand snew smaterials son sSystematic
Approach: sIDDR s(―I sdesire sto sdo sright‖) sthat swill sbe sused sthroughout sthe stext sto
sanalyze sethics, sincluding sin sall sof sthe snew s―A sQuestion sof sEthics‖ sproblems sin
sthe sremaining schapters.
o New s―Application sof sthe sIDDR sApproach‖ ssubsection swith sstep-by-step
sdiscussionsand ssample sscenario.
• 1 sNew sExhibit s3–1: sAn sAnalysis sof sEthical sApproaches sto sthe
sSamplesDilemma s(for snew sIDDR sApproach)
o 1 sNew sTerm s& sConcept
• outsourcing
4
website, in whole or in part.
