Title: Complete Test Bank — Business Ethics: Ethical Decision Making and Cases, 13th Edition — O. C. Ferrell, John Fraedrich & Linda Ferrell, 2021 — ISBN 9780357513361 — All Chapters Covered (Latest Update)

Business Ethics: Ethical Decision Making

and Cases 13th Edition
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TEST BANK
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O. C. Ferrell

John Fraedrich
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Linda Ferrell
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Comprehensive Test Bank for Instructors
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and Students
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© O. C. Ferrell, John Fraedrich & Linda Ferrell

All rights reserved. Reproduction or distribution without permission is prohibited.




©MedConnoisseur

,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
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5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
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6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
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10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
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, 1: The Importance of Business Ethics

1. Principles are
a. laws and regulations that guide behavior in the world of business.
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.
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on
stakeholders.
e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
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LEARNING OBJECTIVES:LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension

2. Social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
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.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
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, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the accounting
scandals of the early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
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ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
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REFERENCES: p. 13
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
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4. The term business ethics is best described by the following statement:
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
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."
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
or standards governing the conduct of the members of a profession."
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
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e. It comprises the principles, values, and standards that guide behavior in the world of business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
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REFERENCES: p. 5
LEARNING OBJECTIVES:LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge
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