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SOLUTION MANUAL t y
Business Law: Text & Exercises (MindTap Course List)
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Chapters 1 - 43, Complete ty ty ty ty
10th Edition by Roger LeRoy Miller, William E.
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Chapter 1 t y
Table of Contents t y t y
Purpose and Perspective of the Chapter ........................................................................... 2
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Cengage Supplements .............................................................................................................. 2
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List of Student Downloads ................................................................................................. 2
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Chapter Objectives .................................................................................................................... 2
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Key Terms................................................................................................................................. 2
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What's New in This Chapter ................................................................................................ 3
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Chapter Outline ......................................................................................................................... 4
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Discussion Questions ................................................................................................................ 8
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Additional Resources ............................................................................................................... 10
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Cengage Video Resources ................................................................................................ 10
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Appendix ................................................................................................................................... 10
Generic Rubrics ................................................................................................................... 10
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Standard Writing Rubric ..................................................................................................... 10
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Standard Discussion Rubric ............................................................................................... 12
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2
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Purpose and Perspective of the Chapter t y t y t y t y t y
The purpose of this chapter is to examine the relationship between law and et
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hics. The chapterpresents issues involved to determining the ethical responsibilities of
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businesses and provides students a framework for analyzing and making ethical deci t y t y t y t y t y t y t y t y t y t y ty
sions.
Cengage Supplements ty
The following product- t y t y
level supplements provide additional information that may help you inpreparing yo
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ur course. They are available in the Instructor Resource Center.
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PowerPoint Deck t y
List of Student Downloads ty ty ty
Students should download the following items from the Student Companion Cente
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r to completethe activities and assignments related to this chapter:
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PowerPoint Deck (without teaching notes, activities, or answers) t y t y t y t y t y t y t y
Chapter Objectives ty
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior t y t y t y t y t y t y
2. Explain the relationship between law and ethics t y t y t y t y t y t y
3. Compare duty-based ethics and utilitarian ethics t y t y t y t y t y
4. Identify ethical problems in the global context t y t y t y t y t y t y
Key Terms t y
business ethics: Ethics in a business context; a consensus of what constitute t y t y t y t y t y t y t y t y t y t y t y
s right or wrong behavior in the world of business and the application of mor
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al principles to situations that arisein a business setting.
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categorical imperative: A concept developed by the philosopher Immanuel Ka t y t y t y t y t y t y t y t y t y
nt as an ethicalguideline for behavior. In deciding whether an action is right o
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r wrong, or desirable or undesirable, a person should evaluate the action in
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y terms of what would happen if everybody else in the same situation, or cate
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gory, acted the same way. t y t y t y ty
corporate social responsibility (CSR): The concept that corporations can and s t y t y t y t y t y t y t y t y t y ty
hould actethically and be accountable to society for their actions.
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cost-benefit analysis: A decision- t y t y t y
making technique that involves weighing the costs of a givenaction against the
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benefits of the action. t y t y t y
duty-
based ethics: An ethical philosophy rooted in the idea that every person ha
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s certain dutiesto others, including both humans and the planet. Those duties m
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ay be derived from religious principles or from other philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral
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tyconvictions or ethical standards to the particular situation at hand. ty t y t y t y t y t y t y t y t y
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3
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