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 5V 5V 5V




Part 1: An Overview of Business Ethics
5V 5V 5V 5V 5V 5V



1: The Importance of Business Ethics
5V 5V 5V 5V 5V



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
5V 5V 5V 5V 5V



5: Emerging Business Ethics Issues
5V 5V 5V 5V



Part 3: The Decision-Making Process
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6: Ethical Decision Making
5V 5V 5V



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
5V 5V 5V 5V



11: Ethical Leadership
5V 5V



12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
5V 5V 5V 5V 5V




1. Principles5Vare
a. laws5Vand5Vregulations5Vthat5Vguide5Vbehavior5Vin5Vthe5Vworld5Vof5Vbusiness.
b. mores,5Vvalues,5Vand5Vcustoms5Vthat5Vguide5Vbehavior5Vin5Vgeneral.
c. specific5Vand5Vpervasive5Vboundaries5Vfor5Vbehavior5Vthat5Vare5Vuniversal5Vand5Vabsolute.
d. the5Vobligations5Vbusinesses5Vassume5Vto5Vmaximize5Vtheir5Vpositive5Vimpact5Vand5Vminimize5Vtheir5Vnegativ
e5Vimpact5Von5Vstakeholders.
e. the5Vmores,5Vvalues,5Vand5Vcustoms5Vthat5Vparents5Vteach5Vtheir5Vchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.5V5
LEARNING5VOBJECTIVES:5 V LO:5V1-15V-
5VExplore5Vconceptualizations5V of5Vbusiness5Vethics5Vfrom5Van5Vorganizational5Vperspecti

ve.
NATIONAL5 V STANDARDS:5 V 5 V United5VStates5V-5VBUSPROG:5 V Ethics
STATE5 V STANDARDS: United5VStates5V-5VNONE5V-5VDISC:5VEthical5VResponsibilities5V -5VEthical5VResponsibilities
KEYWORDS: Blooms:5VComprehension

2. Social5Vresponsibility5Vis
a. an5Vorganization's5V obligation5Vto5Vmaximize5Vits5Vpositive5Veffects5Vand5Vminimize5Vits5Vnegative5Veffects5Von5Vstakeh
olders.
b. principles5Vand5Vstandards5Vthat5Vguide5Vbehavior5Vin5Vthe5Vworld5Vof5Vbusiness.
c. a5Vbusiness's5Vresponsibility5V not5Vto5Vpollute5Vthe5Venvironment.
d. a5Vbusiness's5Vresponsibility5Vto5Vmanufacture5Vproducts5Vthat5Vfunction5Vproperly.
e. charitable5Vcontributions5Vmade5Vby5Va5Vbusiness5Vto5Venhance5Vits5Vimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.5V23
LEARNING5V OBJECTIVES:5 V LO:5V1-45V-
5VGain5Vinsight5Vinto5Vthe5Vextent5Vof5Vethical5Vmisconduct5Vin5Vthe5Vworkplace5Vand5Vthe5V

pressures5Vfor5Vunethical5Vbehavior.
NATIONAL5 V STANDARDS:5 V 5 V United5VStates5V-5VBUSPROG:5 V Ethics
STATE5 V STANDARDS: United5VStates5V-5VNONE5V-5VDISC:5VEthical5VResponsibilities5V -5VEthical5VResponsibilities
KEYWORDS: Blooms:5VKnowledge

, 3. The5V
was/were5Venacted5Vto5Vrestore5Vconfidence5Vin5Vfinancial5Vreporting5Vand5Vbusiness5Vethics5Vafter5Vthe
5Vaccounting5Vscandals5Vof5Vthe5Vearly5V2000s.
a. Defense5VIndustry5VInitiative5Von5VBusiness5VEthics5Vand5VConduct
b. Sarbanes-Oxley5V Act
c. Federal5VSentencing5VGuidelines5Vfor5VOrganizations
d. Foreign5VCorrupt5VPractices5V Act
e. Dodd-Frank5V Wall5VStreet5VReform5Vand5VConsumer5VProtection5VAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.5V13
LEARNING5VOBJECTIVES:5 V LO:5V1-25V-
5VExamine5Vthe5Vhistorical5Vfoundations5Vand5Vevolution5Vof5Vbusiness5Vethics.

NATIONAL5 V STANDARDS:5 V 5 V United5VStates5V-5VBUSPROG:5 V Ethics
STATE5 V STANDARDS: United5VStates5V-5VNONE5V-5VDISC:5VEthical5VResponsibilities5V -5VEthical5VResponsibilities
KEYWORDS: Blooms:5VKnowledge

4. The5Vterm5V business5 V ethics5V is5Vbest5Vdescribed5V by5Vthe5Vfollowing5V statement:
a. It5Vis5Vthe5Vstudy5Vand5Vphilosophy5Vof5Vhuman5Vconduct,5Vwith5Van5Vemphasis5Von5Vdetermining5Vright5Vand5Vwrong.
b. It5Vis5Van5V"inquiry5Vinto5Vthe5Vnature5Vand5Vgrounds5Vof5Vmorality5Vwhere5Vthe5Vterm5Vmorality5Vis5Vtake
n5Vto5Vmean5Vmoral5Vjudgments,5Vstandards5Vand5Vrules5Vof5Vconduct."
c. It5Vis5Vthe5V"study5Vof5Vthe5Vgeneral5Vnature5Vof5Vmorals5Vand5Vof5Vspecific5Vmoral5Vchoices;5Vmoral5Vphilosoph
y;5Vand5Vthe5Vrules5Vor5Vstandards5Vgoverning5Vthe5Vconduct5Vof5Vthe5Vmembers5Vof5Va5Vprofession."
d. It5Vis5Van5Vorganization's5Vobligation5Vto5Vmaximize5Vits5Vpositive5Veffects5Vand5Vminimize5Vits5Vnegativ
e5Veffects5Von5Vstakeholders.
e. It5Vcomprises5Vthe5Vprinciples,5Vvalues,5Vand5Vstandards5Vthat5Vguide5Vbehavior5Vin5Vthe5Vworld5Vof5Vbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.5V5
LEARNING5VOBJECTIVES:5 V LO:5V1-15V-
5VExplore5Vconceptualizations5V of5Vbusiness5Vethics5Vfrom5Van5Vorganizational5Vperspecti

ve.
NATIONAL5 V STANDARDS:5 V 5 V United5VStates5V-5VBUSPROG:5 V Ethics
STATE5 V STANDARDS: United5VStates5V-5VNONE5V-5VDISC:5VEthical5VResponsibilities5V -5VEthical5VResponsibilities
KEYWORDS: Blooms:5VKnowledge