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: fMoral fprinciples fand fvalues fapplied fto fsocial fbehavior.
moral fminimum: fThe fminimum fdegree fof fethical fbehavior fexpected fof fa fbusiness ffirm,
fwhich fisfusually fdefined fas fcompliance fwith fthe flaw.
outcome-based fethics: fAn fethical fphilosophy fthat ffocuses fon fthe fimpacts fof fa
fdecision fonfsociety for fon fkey fstakeholders.
outsourcing: fThe fpractice fby fwhich fa fcompany fhires fan foutside ffirm for findividual fto
fperformfwork frather fthan fhiring femployees.
principle fof frights: fThe fprinciple fthat fhuman fbeings fhave fcertain ffundamental frights
f(to flife,ffreedom, fand fthe fpursuit fof fhappiness, ffor fexample). fA fkey ffactor fin fdetermining
fwhether fa fbusiness fdecision fis fethical funder fthis ftheory fis fhow fthat fdecision faffects fthe
frights fof fothers,fsuch fas femployees, fconsumers, fsuppliers, fand fthe fcommunity.
stakeholders: fGroups, fother fthan fthe fcompany’s fshareholders, fthat fare faffected fby
fcorporate fdecisions. fStakeholders finclude femployees, fcustomers, fcreditors, fsuppliers, fand
fthe fcommunityfin fwhich fthe fcorporation foperates.
triple fbottom fline: fThe fidea fthat finvestors fand fothers fshould fconsider fnot fonly fcorporate
profits, fbut falso fthe fcorporation’s fimpact fon fpeople fand fon fthe fplanet fin fassessing fthe
ffirm. f(Thefbottom fline fis fpeople, fplanet, fand fprofits.)
utilitarianism: fAn fapproach fto fethical freasoning fin fwhich fethically fcorrect fbehavior fis
frelated ftofan fevaluation fof fthe fconsequences fof fa fgiven faction fon fthose fwho fwill fbe
faffected fby fit. fIn
utilitarian freasoning, fa f―good‖ fdecision fis fone fthat fresults fin fthe fgreatest fgood ffor fthe
fgreatest fnumber fof fpeople faffected fby fthe fdecision.
[return fto ftop]
What's fNew fin fThis fChapter
The ffollowing felements fare fimprovements fin fthis fchapter ffrom fthe fprevious fedition:
• New fchapter ftitle fand fchapter-opening fintroduction fscenario fdiscussing
frecentftechnology fscandal finvolving ffinger-prick fblood ftest fkits
• New fchapter forganization fand fsubheads fthroughout f(including fnew fheadings ffor
―outsourcing‖ fand f―corruption‖)
• New fsection fon fMaking fEthical fBusiness fDecisions fand fnew fmaterials fon fSystematic
Approach: fIDDR f(―I fdesire fto fdo fright‖) fthat fwill fbe fused fthroughout fthe ftext fto
fanalyze fethics, fincluding fin fall fof fthe fnew f―A fQuestion fof fEthics‖ fproblems fin
fthe fremaining fchapters.
o New f―Application fof fthe fIDDR fApproach‖ fsubsection fwith fstep-by-step
fdiscussionfand fsample fscenario.
• 1 fNew fExhibit f3–1: fAn fAnalysis fof fEthical fApproaches fto fthe
fSamplefDilemma f(for fnew fIDDR fApproach)
o 1 fNew fTerm f& fConcept
• outsourcing
• 1 fNew fEthics fToday ffeature—
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: fMoral fprinciples fand fvalues fapplied fto fsocial fbehavior.
moral fminimum: fThe fminimum fdegree fof fethical fbehavior fexpected fof fa fbusiness ffirm,
fwhich fisfusually fdefined fas fcompliance fwith fthe flaw.
outcome-based fethics: fAn fethical fphilosophy fthat ffocuses fon fthe fimpacts fof fa
fdecision fonfsociety for fon fkey fstakeholders.
outsourcing: fThe fpractice fby fwhich fa fcompany fhires fan foutside ffirm for findividual fto
fperformfwork frather fthan fhiring femployees.
principle fof frights: fThe fprinciple fthat fhuman fbeings fhave fcertain ffundamental frights
f(to flife,ffreedom, fand fthe fpursuit fof fhappiness, ffor fexample). fA fkey ffactor fin fdetermining
fwhether fa fbusiness fdecision fis fethical funder fthis ftheory fis fhow fthat fdecision faffects fthe
frights fof fothers,fsuch fas femployees, fconsumers, fsuppliers, fand fthe fcommunity.
stakeholders: fGroups, fother fthan fthe fcompany’s fshareholders, fthat fare faffected fby
fcorporate fdecisions. fStakeholders finclude femployees, fcustomers, fcreditors, fsuppliers, fand
fthe fcommunityfin fwhich fthe fcorporation foperates.
triple fbottom fline: fThe fidea fthat finvestors fand fothers fshould fconsider fnot fonly fcorporate
profits, fbut falso fthe fcorporation’s fimpact fon fpeople fand fon fthe fplanet fin fassessing fthe
ffirm. f(Thefbottom fline fis fpeople, fplanet, fand fprofits.)
utilitarianism: fAn fapproach fto fethical freasoning fin fwhich fethically fcorrect fbehavior fis
frelated ftofan fevaluation fof fthe fconsequences fof fa fgiven faction fon fthose fwho fwill fbe
faffected fby fit. fIn
utilitarian freasoning, fa f―good‖ fdecision fis fone fthat fresults fin fthe fgreatest fgood ffor fthe
fgreatest fnumber fof fpeople faffected fby fthe fdecision.
[return fto ftop]
What's fNew fin fThis fChapter
The ffollowing felements fare fimprovements fin fthis fchapter ffrom fthe fprevious fedition:
• New fchapter ftitle fand fchapter-opening fintroduction fscenario fdiscussing
frecentftechnology fscandal finvolving ffinger-prick fblood ftest fkits
• New fchapter forganization fand fsubheads fthroughout f(including fnew fheadings ffor
―outsourcing‖ fand f―corruption‖)
• New fsection fon fMaking fEthical fBusiness fDecisions fand fnew fmaterials fon fSystematic
Approach: fIDDR f(―I fdesire fto fdo fright‖) fthat fwill fbe fused fthroughout fthe ftext fto
fanalyze fethics, fincluding fin fall fof fthe fnew f―A fQuestion fof fEthics‖ fproblems fin
fthe fremaining fchapters.
o New f―Application fof fthe fIDDR fApproach‖ fsubsection fwith fstep-by-step
fdiscussionfand fsample fscenario.
• 1 fNew fExhibit f3–1: fAn fAnalysis fof fEthical fApproaches fto fthe
fSamplefDilemma f(for fnew fIDDR fApproach)
o 1 fNew fTerm f& fConcept
• outsourcing
• 1 fNew fEthics fToday ffeature—
4
website, in whole or in part.
