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

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,TABLEOFCONTENTS s s




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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance 3:
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Sustainability:Ethical and Social Responsibility Dimensions
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4: The Institutionalization of Business Ethics
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ss 5: Emerging Business Ethics Issues
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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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9: Developing and Implementing an Effective Ethics Program 10:
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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. Principles are ss




a. laws and regulations that guide behavior in the world of business.
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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. theobligations businesses assumeto maximize theirpositiveimpactand minimizetheirnegative impacton
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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 ss




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethics froman organizational
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perspective. ss




NATIONAL STANDARDS: United States - BUSPROG: Ethics s s s s ss ss ss s s




STATE STANDARDS: UnitedStates - NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension ss




2. Social responsibility is
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a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles and standards that guide behavior in the world of business.
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c. a business's responsibility not to pollute the environment.
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d. abusiness's responsibility tomanufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 ss




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




NATIONAL STANDARDS: United States - BUSPROG: Ethics s s s s ss ss ss s s




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

, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the accounting
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scandals of the early 2000s.
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a. Defense Industry Initiative on Business Ethics and Conduct
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b. Sarbanes-Oxley Act ss




c. Federal Sentencing Guidelines for Organizations
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d. Foreign Corrupt Practices Act ss ss ss




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




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




LEARNING OBJECTIVES: LO: 1-2 - Examine thehistorical foundations and evolution of business ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics s s s s ss ss ss s s




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




4. The term business ethics is best described by the following statement:
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a. Itis the study and philosophy of human conduct, with an emphasis on determining right and wrong.
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b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
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judgments, standards and rules of conduct."
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c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
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or standards governing the conduct of the members of a profession."
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d. Itisanorganization's obligation tomaximize itspositive effects and minimize itsnegative effects on
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stakeholders.
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e. Itcomprises the principles, values, and standards that guide behavior in the world of business.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 ss




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethics froman organizational
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perspective. ss




NATIONAL STANDARDS: United States - BUSPROG: Ethics s s s s ss ss ss s s




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