BusinessLaw:Text&Exercises(MindTapCourseList)
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SOLUTIONMANUAL j
BusinessLaw:Text&Exercises(MindTapCourseList)
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10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
j j j j j j j j
1
website, in whole or in part.
j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList)
j j j j j j j
Chapter 1 j
Table of Contents j j
Purpose and Perspective of the Chapter .................................................................................................................... 2
j j j j j
Cengage Supplements ................................................................................................................................................... 2
j
List of Student Downloads ........................................................................................................................................ 2
j j j
Chapter Objectives .......................................................................................................................................................... 2
j
Key Terms............................................................................................................................................................................ 2
j
What's New in This Chapter ........................................................................................................................................... 3
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Chapter Outline ................................................................................................................................................................ 4
j
Discussion Questions...................................................................................................................................................... 8
j
Additional Resources ................................................................................................................................................... 10
j
Cengage Video Resources ..................................................................................................................................... 10
j j
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ......................................................................................................................................................... 10
j
Standard Writing Rubric ......................................................................................................................................... 10
j j
Standard Discussion Rubric ................................................................................................................................... 12
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2
website, in whole or in part.
j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList) j j j j j j j
Purpose and Perspective of the Chapter j j j j j
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
j j j j j j j j j j j j j j j
presents issues involved to determining the ethical responsibilities of businesses and provides
j j j j j j j j j j j j
students a framework for analyzing and making ethical decisions.
j j j j j j j j j
CengageSupplements j
The following product-level supplements provide additional information that may help you in
j j j j j j j j j j j
preparing your course. They are available in the Instructor Resource Center.
j j j j j j j j j j j
• PowerPoint Deck j
ListofStudentDownloads
j j j
Students should download the following items from the Student Companion Center to completethe
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activities and assignments related to this chapter:
j j j j j j j
• PowerPoint Deck (without teaching notes, activities, or answers) j j j j j j j
ChapterObjectives j
The following objectives are addressed in this chapter:
j j j j j j j
1. Discuss how business can discourage unethical behavior j j j j j j
2. Explain the relationship between law and ethics j j j j j j
3. Compare duty-based ethics and utilitarian ethics j j j j j
4. Identify ethical problems in the global context j j j j j j
Key Terms j
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
j j j j j j j j j j j j j j
behavior in the world of business and the application of moral principles to situations that arisein a
j j j j j j j j j j j j j j j j j j
business setting.
j j
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
j j j j j j j j j j j j
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
j j j j j j j j j j j j j j j j j
person should evaluate the action in terms of what would happen if everybody else in the same
j j j j j j j j j j j j j j j j j
situation, or category, acted the same way.
j j j j j j j
corporate social responsibility (CSR): The concept that corporations can and should act
j j j j j j j j j j j
ethically and be accountable to society for their actions.
j j j j j j j j j
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given j j j j j j j j j j j j
action against the benefits of the action.
j j j j j j j
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
j j j j j j j j j j j j j j j
others, including both humans and the planet. Those duties may be derived from religious principles
j j j j j j j j j j j j j j j
or from other philosophical reasoning.
j j j j j
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
j j j j j j j j j j j j j j j
ethical standards to the particular situation at hand.
j j j j j j j j
3
website, in whole or in part. j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList) j j j j j j j
ethics: Moral principles and values applied to social behavior.
j j j j j j j j
moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
j j j j j j j j j j j j j j
usually defined as compliance with the law.
j j j j j j j
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on j j j j j j j j j j j j j
society or on key stakeholders.
j j j j j
outsourcing: The practice by which a company hires an outside firm or individual to performwork j j j j j j j j j j j j j j j
rather than hiring employees.
j j j j
principle of rights: The principle that human beings have certain fundamental rights (to life,
j j j j j j j j j j j j j
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
j j j j j j j j j j j j j j j
business decision is ethical under this theory is how that decision affects the rights of others,such
j j j j j j j j j j j j j j j j j
as employees, consumers, suppliers, and the community.
j j j j j j j
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate j j j j j j j j j j j
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
j j j j j j j j j j j
which the corporation operates.
j j j j
triple bottom line: The idea that investors and others should consider not only corporate
j j j j j j j j j j j j j
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
j j j j j j j j j j j j j j j j
bottom line is people, planet, and profits.)
j j j j j j j
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan j j j j j j j j j j j j j j
evaluation of the consequences of a given action on those who will be affected by it. In
j j j j j j j j j j j j j j j j j
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number
j j j j j j j j j j j j j j j j
of people affected by the decision.
j j j j j j
[return to top] j j
What's New in This Chapter j j j j
The following elements are improvements in this chapter from the previous edition:
j j j j j j j j j j j
• New chapter title and chapter-opening introduction scenario discussing recent
j j j j j j j j
technology scandal involving finger-prick blood test kits
j j j j j j j
• New chapter organization and subheads throughout (including new headings for
j j j j j j j j j
―outsourcing‖ and ―corruption‖) j j
• New section on Making Ethical Business Decisions and new materials on Systematic
j j j j j j j j j j j
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, j j j j j j j j j j j j j j j j
including in all of the new ―A Question of Ethics‖ problems in the remaining chapters.
j j j j j j j j j j j j j j j
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand
j j j j j j j j j j
sample scenario.
j j
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
j j j j j j j j j j j
Dilemma (for new IDDR Approach)
j j j j j
o 1 New Term & Concept
j j j j
• outsourcing
• 1 New Ethics Today feature—
j j j j
4
website, in whole or in part. j j j j j
j j j j j j j
SOLUTIONMANUAL j
BusinessLaw:Text&Exercises(MindTapCourseList)
j j j j j j j
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
j j j j j j j j
1
website, in whole or in part.
j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList)
j j j j j j j
Chapter 1 j
Table of Contents j j
Purpose and Perspective of the Chapter .................................................................................................................... 2
j j j j j
Cengage Supplements ................................................................................................................................................... 2
j
List of Student Downloads ........................................................................................................................................ 2
j j j
Chapter Objectives .......................................................................................................................................................... 2
j
Key Terms............................................................................................................................................................................ 2
j
What's New in This Chapter ........................................................................................................................................... 3
j j j j
Chapter Outline ................................................................................................................................................................ 4
j
Discussion Questions...................................................................................................................................................... 8
j
Additional Resources ................................................................................................................................................... 10
j
Cengage Video Resources ..................................................................................................................................... 10
j j
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ......................................................................................................................................................... 10
j
Standard Writing Rubric ......................................................................................................................................... 10
j j
Standard Discussion Rubric ................................................................................................................................... 12
j j
2
website, in whole or in part.
j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList) j j j j j j j
Purpose and Perspective of the Chapter j j j j j
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
j j j j j j j j j j j j j j j
presents issues involved to determining the ethical responsibilities of businesses and provides
j j j j j j j j j j j j
students a framework for analyzing and making ethical decisions.
j j j j j j j j j
CengageSupplements j
The following product-level supplements provide additional information that may help you in
j j j j j j j j j j j
preparing your course. They are available in the Instructor Resource Center.
j j j j j j j j j j j
• PowerPoint Deck j
ListofStudentDownloads
j j j
Students should download the following items from the Student Companion Center to completethe
j j j j j j j j j j j j j
activities and assignments related to this chapter:
j j j j j j j
• PowerPoint Deck (without teaching notes, activities, or answers) j j j j j j j
ChapterObjectives j
The following objectives are addressed in this chapter:
j j j j j j j
1. Discuss how business can discourage unethical behavior j j j j j j
2. Explain the relationship between law and ethics j j j j j j
3. Compare duty-based ethics and utilitarian ethics j j j j j
4. Identify ethical problems in the global context j j j j j j
Key Terms j
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
j j j j j j j j j j j j j j
behavior in the world of business and the application of moral principles to situations that arisein a
j j j j j j j j j j j j j j j j j j
business setting.
j j
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
j j j j j j j j j j j j
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
j j j j j j j j j j j j j j j j j
person should evaluate the action in terms of what would happen if everybody else in the same
j j j j j j j j j j j j j j j j j
situation, or category, acted the same way.
j j j j j j j
corporate social responsibility (CSR): The concept that corporations can and should act
j j j j j j j j j j j
ethically and be accountable to society for their actions.
j j j j j j j j j
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given j j j j j j j j j j j j
action against the benefits of the action.
j j j j j j j
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
j j j j j j j j j j j j j j j
others, including both humans and the planet. Those duties may be derived from religious principles
j j j j j j j j j j j j j j j
or from other philosophical reasoning.
j j j j j
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
j j j j j j j j j j j j j j j
ethical standards to the particular situation at hand.
j j j j j j j j
3
website, in whole or in part. j j j j j
, BusinessLaw:Text&Exercises(MindTapCourseList) j j j j j j j
ethics: Moral principles and values applied to social behavior.
j j j j j j j j
moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
j j j j j j j j j j j j j j
usually defined as compliance with the law.
j j j j j j j
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on j j j j j j j j j j j j j
society or on key stakeholders.
j j j j j
outsourcing: The practice by which a company hires an outside firm or individual to performwork j j j j j j j j j j j j j j j
rather than hiring employees.
j j j j
principle of rights: The principle that human beings have certain fundamental rights (to life,
j j j j j j j j j j j j j
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
j j j j j j j j j j j j j j j
business decision is ethical under this theory is how that decision affects the rights of others,such
j j j j j j j j j j j j j j j j j
as employees, consumers, suppliers, and the community.
j j j j j j j
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate j j j j j j j j j j j
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
j j j j j j j j j j j
which the corporation operates.
j j j j
triple bottom line: The idea that investors and others should consider not only corporate
j j j j j j j j j j j j j
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
j j j j j j j j j j j j j j j j
bottom line is people, planet, and profits.)
j j j j j j j
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan j j j j j j j j j j j j j j
evaluation of the consequences of a given action on those who will be affected by it. In
j j j j j j j j j j j j j j j j j
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number
j j j j j j j j j j j j j j j j
of people affected by the decision.
j j j j j j
[return to top] j j
What's New in This Chapter j j j j
The following elements are improvements in this chapter from the previous edition:
j j j j j j j j j j j
• New chapter title and chapter-opening introduction scenario discussing recent
j j j j j j j j
technology scandal involving finger-prick blood test kits
j j j j j j j
• New chapter organization and subheads throughout (including new headings for
j j j j j j j j j
―outsourcing‖ and ―corruption‖) j j
• New section on Making Ethical Business Decisions and new materials on Systematic
j j j j j j j j j j j
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, j j j j j j j j j j j j j j j j
including in all of the new ―A Question of Ethics‖ problems in the remaining chapters.
j j j j j j j j j j j j j j j
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand
j j j j j j j j j j
sample scenario.
j j
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
j j j j j j j j j j j
Dilemma (for new IDDR Approach)
j j j j j
o 1 New Term & Concept
j j j j
• outsourcing
• 1 New Ethics Today feature—
j j j j
4
website, in whole or in part. j j j j j
