Business Law: Text & Exercises (MindTap Course List)
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: aMoral aprinciples aand avalues aapplied ato asocial abehavior.
moral aminimum: aThe aminimum adegree aof aethical abehavior aexpected aof aa abusiness afirm,
awhich aisausually adefined aas acompliance awith athe alaw.
outcome-based aethics: aAn aethical aphilosophy athat afocuses aon athe aimpacts aof aa
adecision aonasociety aor aon akey astakeholders.
outsourcing: aThe apractice aby awhich aa acompany ahires aan aoutside afirm aor aindividual ato
aperformawork arather athan ahiring aemployees.
principle aof arights: aThe aprinciple athat ahuman abeings ahave acertain afundamental arights
a(to alife,afreedom, aand athe apursuit aof ahappiness, afor aexample). aA akey afactor ain
adetermining awhether aa abusiness adecision ais aethical aunder athis atheory ais ahow athat
adecision aaffects athe arights aof aothers,asuch aas aemployees, aconsumers, asuppliers, aand
athe acommunity.
stakeholders: aGroups, aother athan athe acompany’s ashareholders, athat aare aaffected aby
acorporate adecisions. aStakeholders ainclude aemployees, acustomers, acreditors, asuppliers,
aand athe acommunityain awhich athe acorporation aoperates.
triple abottom aline: aThe aidea athat ainvestors aand aothers ashould aconsider anot aonly
acorporate
profits, abut aalso athe acorporation’s aimpact aon apeople aand aon athe aplanet ain aassessing athe
afirm. a(Theabottom aline ais apeople, aplanet, aand aprofits.)
utilitarianism: aAn aapproach ato aethical areasoning ain awhich aethically acorrect abehavior ais
arelated atoaan aevaluation aof athe aconsequences aof aa agiven aaction aon athose awho awill abe
aaffected aby ait. aIn
utilitarian areasoning, aa a―good‖ adecision ais aone athat aresults ain athe agreatest agood afor athe
agreatest anumber aof apeople aaffected aby athe adecision.
[return ato atop]
What's aNew ain aThis aChapter
The afollowing aelements aare aimprovements ain athis achapter afrom athe aprevious aedition:
• New achapter atitle aand achapter-opening aintroduction ascenario adiscussing
arecentatechnology ascandal ainvolving afinger-prick ablood atest akits
• New achapter aorganization aand asubheads athroughout a(including anew aheadings afor
―outsourcing‖ aand a―corruption‖)
• New asection aon aMaking aEthical aBusiness aDecisions aand anew amaterials aon aSystematic
Approach: aIDDR a(―I adesire ato ado aright‖) athat awill abe aused athroughout athe atext
ato aanalyze aethics, aincluding ain aall aof athe anew a―A aQuestion aof aEthics‖
aproblems ain athe aremaining achapters.
o New a―Application aof athe aIDDR aApproach‖ asubsection awith astep-by-step
adiscussionaand asample ascenario.
• 1 aNew aExhibit a3–1: aAn aAnalysis aof aEthical aApproaches ato athe
aSampleaDilemma a(for anew aIDDR aApproach)
o 1 aNew aTerm a& aConcept
4
website, in whole or in part.
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: aMoral aprinciples aand avalues aapplied ato asocial abehavior.
moral aminimum: aThe aminimum adegree aof aethical abehavior aexpected aof aa abusiness afirm,
awhich aisausually adefined aas acompliance awith athe alaw.
outcome-based aethics: aAn aethical aphilosophy athat afocuses aon athe aimpacts aof aa
adecision aonasociety aor aon akey astakeholders.
outsourcing: aThe apractice aby awhich aa acompany ahires aan aoutside afirm aor aindividual ato
aperformawork arather athan ahiring aemployees.
principle aof arights: aThe aprinciple athat ahuman abeings ahave acertain afundamental arights
a(to alife,afreedom, aand athe apursuit aof ahappiness, afor aexample). aA akey afactor ain
adetermining awhether aa abusiness adecision ais aethical aunder athis atheory ais ahow athat
adecision aaffects athe arights aof aothers,asuch aas aemployees, aconsumers, asuppliers, aand
athe acommunity.
stakeholders: aGroups, aother athan athe acompany’s ashareholders, athat aare aaffected aby
acorporate adecisions. aStakeholders ainclude aemployees, acustomers, acreditors, asuppliers,
aand athe acommunityain awhich athe acorporation aoperates.
triple abottom aline: aThe aidea athat ainvestors aand aothers ashould aconsider anot aonly
acorporate
profits, abut aalso athe acorporation’s aimpact aon apeople aand aon athe aplanet ain aassessing athe
afirm. a(Theabottom aline ais apeople, aplanet, aand aprofits.)
utilitarianism: aAn aapproach ato aethical areasoning ain awhich aethically acorrect abehavior ais
arelated atoaan aevaluation aof athe aconsequences aof aa agiven aaction aon athose awho awill abe
aaffected aby ait. aIn
utilitarian areasoning, aa a―good‖ adecision ais aone athat aresults ain athe agreatest agood afor athe
agreatest anumber aof apeople aaffected aby athe adecision.
[return ato atop]
What's aNew ain aThis aChapter
The afollowing aelements aare aimprovements ain athis achapter afrom athe aprevious aedition:
• New achapter atitle aand achapter-opening aintroduction ascenario adiscussing
arecentatechnology ascandal ainvolving afinger-prick ablood atest akits
• New achapter aorganization aand asubheads athroughout a(including anew aheadings afor
―outsourcing‖ aand a―corruption‖)
• New asection aon aMaking aEthical aBusiness aDecisions aand anew amaterials aon aSystematic
Approach: aIDDR a(―I adesire ato ado aright‖) athat awill abe aused athroughout athe atext
ato aanalyze aethics, aincluding ain aall aof athe anew a―A aQuestion aof aEthics‖
aproblems ain athe aremaining achapters.
o New a―Application aof athe aIDDR aApproach‖ asubsection awith astep-by-step
adiscussionaand asample ascenario.
• 1 aNew aExhibit a3–1: aAn aAnalysis aof aEthical aApproaches ato athe
aSampleaDilemma a(for anew aIDDR aApproach)
o 1 aNew aTerm a& aConcept
4
website, in whole or in part.
