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 g1 g1 g1




Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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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
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5: Emerging Business Ethics Issues
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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
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10: Global Business Ethics Issues
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11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principlesg1are
a. lawsg1andg1regulationsg1thatg1guideg1behaviorg1ing1theg1worldg1ofg1business.
b. mores,g1values,g1andg1customsg1thatg1guideg1behaviorg1ing1general.
c. specificg1andg1pervasiveg1boundariesg1forg1behaviorg1thatg1areg1universalg1andg1absolute.
d. theg1obligationsg1businessesg1assumeg1tog1maximizeg1theirg1positiveg1impactg1andg1minimizeg1theirg1negativeg1i
mpactg1ong1stakeholders.
e. theg1mores,g1values,g1andg1customsg1thatg1parentsg1teachg1theirg1children.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.g15
LEARNINGg1OBJECTIVES:g 1 LO:g11-1g1-
g1Exploreg1conceptualizationsg1 ofg1businessg1ethicsg1fromg1ang1organizationalg1perspective

.
NATIONALg 1 STANDARDS:g 1 g 1 Unitedg1Statesg1-g1BUSPROG:g 1 Ethics
STATEg 1 STANDARDS: Unitedg1Statesg1-g1NONEg1-g1DISC:g1Ethicalg1Responsibilitiesg1 -g1Ethicalg1Responsibilities
KEYWORDS: Blooms:g1Comprehension

2. Socialg1responsibilityg1is
a. ang1organization'sg1 obligationg1tog1maximizeg1itsg1positiveg1effectsg1andg1minimizeg1itsg1negativeg1effectsg1ong1stakeholde
rs.
b. principlesg1andg1standardsg1thatg1guideg1behaviorg1ing1theg1worldg1ofg1business.
c. ag1business'sg1responsibilityg1 notg1tog1polluteg1theg1environment.
d. ag1business'sg1responsibilityg1tog1manufactureg1productsg1thatg1functiong1properly.
e. charitableg1contributionsg1madeg1byg1ag1businessg1tog1enhanceg1itsg1image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.g123
LEARNINGg1 OBJECTIVES:g 1 LO:g11-4g1-
g1Gaing1insightg1intog1theg1extentg1ofg1ethicalg1misconductg1ing1theg1workplaceg1andg1theg1pres

suresg1forg1unethicalg1behavior.
NATIONALg 1 STANDARDS:g 1 g 1 Unitedg1Statesg1-g1BUSPROG:g 1 Ethics
STATEg 1 STANDARDS: Unitedg1Statesg1-g1NONEg1-g1DISC:g1Ethicalg1Responsibilitiesg1 -g1Ethicalg1Responsibilities
KEYWORDS: Blooms:g1Knowledge

, 3. Theg1
was/wereg1enactedg1tog1restoreg1confidenceg1ing1financialg1reportingg1andg1businessg1ethicsg1afterg1theg1ac
countingg1scandalsg1ofg1theg1earlyg12000s.
a. Defenseg1Industryg1Initiativeg1ong1Businessg1Ethicsg1andg1Conduct
b. Sarbanes-Oxleyg1 Act
c. Federalg1Sentencingg1Guidelinesg1forg1Organizations
d. Foreigng1Corruptg1Practicesg1 Act
e. Dodd-Frankg1 Wallg1Streetg1Reformg1andg1Consumerg1Protectiong1Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.g113
LEARNINGg1OBJECTIVES:g 1 LO:g11-2g1-g1Examineg1theg1historicalg1foundationsg1andg1evolutiong1ofg1businessg1ethics.
NATIONALg 1 STANDARDS:g 1 g 1 Unitedg1Statesg1-g1BUSPROG:g 1 Ethics
STATEg 1 STANDARDS: Unitedg1Statesg1-g1NONEg1-g1DISC:g1Ethicalg1Responsibilitiesg1 -g1Ethicalg1Responsibilities
KEYWORDS: Blooms:g1Knowledge

4. Theg1termg1 businessg 1 ethicsg1 isg1bestg1describedg1 byg1theg1followingg1 statement:
a. Itg1isg1theg1studyg1andg1philosophyg1ofg1humang1conduct,g1withg1ang1emphasisg1ong1determiningg1rightg1andg1wrong.
b. Itg1isg1ang1"inquiryg1intog1theg1natureg1andg1groundsg1ofg1moralityg1whereg1theg1termg1moralityg1isg1takeng1tog1
meang1moralg1judgments,g1standardsg1andg1rulesg1ofg1conduct."
c. Itg1isg1theg1"studyg1ofg1theg1generalg1natureg1ofg1moralsg1andg1ofg1specificg1moralg1choices;g1moralg1philosophy;g1a
ndg1theg1rulesg1org1standardsg1governingg1theg1conductg1ofg1theg1membersg1ofg1ag1profession."
d. Itg1isg1ang1organization'sg1obligationg1tog1maximizeg1itsg1positiveg1effectsg1andg1minimizeg1itsg1negativeg1e
ffectsg1ong1stakeholders.
e. Itg1comprisesg1theg1principles,g1values,g1andg1standardsg1thatg1guideg1behaviorg1ing1theg1worldg1ofg1business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.g15
LEARNINGg1OBJECTIVES:g 1 LO:g11-1g1-
g1Exploreg1conceptualizationsg1 ofg1businessg1ethicsg1fromg1ang1organizationalg1perspective

.
NATIONALg 1 STANDARDS:g 1 g 1 Unitedg1Statesg1-g1BUSPROG:g 1 Ethics
STATEg 1 STANDARDS: Unitedg1Statesg1-g1NONEg1-g1DISC:g1Ethicalg1Responsibilitiesg1 -g1Ethicalg1Responsibilities
KEYWORDS: Blooms:g1Knowledge