Test bank :Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12

TEST BANK ss




Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS ss ss ss




Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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3: Sustainability: Ethical and Social Responsibility Dimensions
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Part 2: Ethical Issues and the Institutionalization of Business Ethics
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4: The Institutionalization of Business Ethics
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5: Emerging Business Ethics Issues
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Part 3: The Decision-Making Process
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6: Ethical Decision Making
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7: Individual Factors: Moral Philosophies and Values
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8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
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9: Developing and Implementing an Effective Ethics Program
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10: Global Business Ethics Issues
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11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principles ssare
a. laws ssand ssregulations ssthat ssguide ssbehavior ssin ssthe ssworld ssof ssbusiness.
b. mores, ssvalues, ssand sscustoms ssthat ssguide ssbehavior ssin ssgeneral.
c. specific ssand sspervasive ssboundaries ssfor ssbehavior ssthat ssare ssuniversal ssand ssabsolute.
d. the ssobligations ssbusinesses ssassume ssto ssmaximize sstheir sspositive ssimpact ssand ssminimize sstheir ssnegative ssimpact sson
ssstakeholders.


e. the ssmores, ssvalues, ssand sscustoms ssthat ssparents ssteach sstheir sschildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ss5
LEARNING ssOBJECTIVES: s s LO: ss1-1 ss- ssExplore ssconceptualizations ssof ssbusiness ssethics ssfrom ssan ssorganizational
ssperspective.


NATIONAL s s STANDARDS: s s s s United ssStates ss- ssBUSPROG: s s Ethics
STATE s s STANDARDS: United ssStates ss- ssNONE ss- ssDISC: ssEthical ssResponsibilities ss- ssEthical ssResponsibilities
KEYWORDS: Blooms: ssComprehension

2. Social ssresponsibility ssis
a. an ssorganization's ss obligation ssto ssmaximize ssits sspositive sseffects ssand ssminimize ssits ssnegative sseffects sson ssstakeholders.
b. principles ssand ssstandards ssthat ssguide ssbehavior ssin ssthe ssworld ssof ssbusiness.
c. a ssbusiness's ssresponsibility ss not ssto sspollute ssthe ssenvironment.
d. a ssbusiness's ssresponsibility ssto ssmanufacture ssproducts ssthat ssfunction ssproperly.
e. charitable sscontributions ssmade ssby ssa ssbusiness ssto ssenhance ssits ssimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ss23
LEARNING s s OBJECTIVES: s s LO: ss1-4 ss- ssGain ssinsight ssinto ssthe ssextent ssof ssethical ssmisconduct ssin ssthe ssworkplace ssand
ssthe sspressures ssfor ssunethical ssbehavior.


NATIONAL s s STANDARDS: s s s s United ssStates ss- ssBUSPROG: s s Ethics
STATE s s STANDARDS: United ssStates ss- ssNONE ss- ssDISC: ssEthical ssResponsibilities ss- ssEthical ssResponsibilities
KEYWORDS: Blooms: ssKnowledge

, 3. The ss was/were ssenacted ssto ssrestore ssconfidence ssin ssfinancial ssreporting ssand ssbusiness ssethics ssafter ssthe
accounting ssscandals ssof ssthe ssearly ss2000s.
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a. Defense ssIndustry ssInitiative sson ssBusiness ssEthics ssand ssConduct
b. Sarbanes-Oxley ssAct
c. Federal ssSentencing ssGuidelines ssfor ssOrganizations
d. Foreign ssCorrupt ssPractices ssAct
e. Dodd-Frank ssWall ssStreet ssReform ssand ssConsumer ssProtection ssAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ss13
LEARNING ssOBJECTIVES: s s LO: ss1-2 ss- ssExamine ssthe sshistorical ssfoundations ssand ssevolution ssof ssbusiness ssethics.
NATIONAL s s STANDARDS: s s s s United ssStates ss- ssBUSPROG: s s Ethics
STATE s s STANDARDS: United ssStates ss- ssNONE ss- ssDISC: ssEthical ssResponsibilities ss- ssEthical ssResponsibilities
KEYWORDS: Blooms: ssKnowledge

4. The ssterm ssbusiness s s ethics s s is ssbest ssdescribed ssby ssthe ssfollowing ss statement:
a. It ssis ssthe ssstudy ssand ssphilosophy ssof sshuman ssconduct, sswith ssan ssemphasis sson ssdetermining ssright ssand sswrong.
b. It ssis ssan ss"inquiry ssinto ssthe ssnature ssand ssgrounds ssof ssmorality sswhere ssthe ssterm ssmorality ssis sstaken ssto ssmean
ssmoral ssjudgments, ssstandards ssand ssrules ssof ssconduct."


c. It ssis ssthe ss"study ssof ssthe ssgeneral ssnature ssof ssmorals ssand ssof ssspecific ssmoral sschoices; ssmoral ssphilosophy; ssand ssthe
ssrules ssor ssstandards ssgoverning ssthe ssconduct ssof ssthe ssmembers ssof ssa ssprofession."


d. It ssis ssan ssorganization's ssobligation ssto ssmaximize ssits sspositive sseffects ssand ssminimize ssits ssnegative sseffects sson
ssstakeholders.


e. It sscomprises ssthe ssprinciples, ssvalues, ssand ssstandards ssthat ssguide ssbehavior ssin ssthe ssworld ssof ssbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ss5
LEARNING ssOBJECTIVES: s s LO: ss1-1 ss- ssExplore ssconceptualizations ssof ssbusiness ssethics ssfrom ssan ssorganizational
ssperspective.


NATIONAL s s STANDARDS: s s s s United ssStates ss- ssBUSPROG: s s Ethics
STATE s s STANDARDS: United ssStates ss- ssNONE ss- ssDISC: ssEthical ssResponsibilities ss- ssEthical ssResponsibilities
KEYWORDS: Blooms: ssKnowledge