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