BusinessLaw:Text&Exercises(MindTapCourseList)
z z z z z z z
SOLUTIONMANUAL z
BusinessLaw:Text&Exercises(MindTapCourseList)
z z z z z z z
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
z z z z z z z z
1
website,in whole or in part.
z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList)
z z z z z z z
Chapter1 z
Tableof Contents z z
Purposeand Perspective of the Chapter..................................................................................................................... 2
z z z z z
Cengage Supplements ................................................................................................................................................... 2
z
List of Student Downloads ......................................................................................................................................... 2
z z z
Chapter Objectives .......................................................................................................................................................... 2
z
Key Terms............................................................................................................................................................................ 2
z
What's New in This Chapter ............................................................................................................................................ 3
z z z z
Chapter Outline ................................................................................................................................................................ 4
z
Discussion Questions...................................................................................................................................................... 8
z
Additional Resources ................................................................................................................................................... 10
z
Cengage Video Resources ..................................................................................................................................... 10
z z
Appendix ......................................................................................................................................................................... 10
Generic Rubrics.......................................................................................................................................................... 10
z
Standard Writing Rubric ......................................................................................................................................... 10
z z
StandardDiscussion Rubric ................................................................................................................................... 12
z z
2
website,in whole or in part.
z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList) z z z z z z z
PurposeandPerspective ofthe Chapter z z z z z
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
z z z z z z z z z z z z z z z
presents issues involved to determining the ethical responsibilities of businesses and provides
z z z z z z z z z z z z
students a framework foranalyzing and making ethical decisions.
z z z z z z z z z
CengageSupplements z
The following product-level supplements provide additional information that may help you in
z z z z z z z z z z z
preparing your course. They are available in the Instructor Resource Center.
z z z z z z z z z z z
• PowerPoint Deck z
ListofStudentDownloads
z z z
Students should download the following items from the Student Companion Center to completethe
z z z z z z z z z z z z z
activities and assignments related to this chapter:
z z z z z z z
• PowerPoint Deck (without teaching notes, activities, or answers) z z z z z z z
ChapterObjectives z
The following objectives are addressed in this chapter:
z z z z z z z
1. Discuss how business can discourage unethical behavior z z z z z z
2. Explain therelationship between law and ethics z z z z z z
3. Compareduty-based ethics and utilitarian ethics z z z z z
4. Identify ethical problemsin the global context z z z z z z
KeyTerms z
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
z z z z z z z z z z z z z z z
in the world of business and the application of moral principles to situations that arisein a business
z z z z z z z z z z z z z z z z z z
setting.
z
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical z z z z z z z z z z z z
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
z z z z z z z z z z z z z z z z z
person should evaluate the action in terms of what would happen if everybody else in the same
z z z z z z z z z z z z z z z z z
situation, or category, acted the same way.
z z z z z z z
corporate social responsibility (CSR): The concept that corporations can and should act
z z z z z z z z z z z
ethically and be accountable to society for theiractions.
z z z z z z z z z
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given z z z z z z z z z z z z
action against the benefits of the action.
z z z z z z z
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto z z z z z z z z z z z z z z z
others, including both humans and the planet. Those duties may be derived from religious principles or
z z z z z z z z z z z z z z z z
from other philosophical reasoning.
z z z z
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
z z z z z z z z z z z z z z z
ethical standards to the particular situation at hand.
z z z z z z z z
3
website,in whole or in part. z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList) z z z z z z z
ethics: Moral principles and values applied to social behavior.
z z z z z z z z
moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
z z z z z z z z z z z z z z
usually defined as compliance with the law.
z z z z z z z
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on z z z z z z z z z z z z z
society or on key stakeholders.
z z z z z
outsourcing: The practice by which a company hires an outside firm or individual to performwork z z z z z z z z z z z z z z z
rather than hiring employees.
z z z z
principle of rights: The principle that human beings have certain fundamental rights (to life,
z z z z z z z z z z z z z
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
z z z z z z z z z z z z z z z
business decision is ethical under this theory is how that decision affects the rights of others,such as
z z z z z z z z z z z z z z z z z z
employees, consumers, suppliers, and the community.
z z z z z z
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate z z z z z z z z z z z
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
z z z z z z z z z z z
which the corporation operates.
z z z z
triple bottomline: The idea that investors and others should consider notonly corporate
z z z z z z z z z z z z z
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
z z z z z z z z z z z z z z z z z
line is people, planet, and profits.)
z z z z z z
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan z z z z z z z z z z z z z z
evaluation of the consequences of a given action on those who will be affected by it. In
z z z z z z z z z z z z z z z z z
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number of
z z z z z z z z z z z z z z z z z
people affected by the decision.
z z z z z
[return to top] z z
What's New inThis Chapter z z z z
The following elements are improvements in this chapter from the previousedition:
z z z z z z z z z z z
• New chapter title and chapter-opening introduction scenario discussing recent
z z z z z z z z
technology scandal involving finger-prick blood test kits
z z z z z z z
• New chapter organization and subheads throughout (including new headings for
z z z z z z z z z
―outsourcing‖ and ―corruption‖) z z
• New section on Making Ethical BusinessDecisions and new materials on Systematic
z z z z z z z z z z z
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, z z z z z z z z z z z z z z z z
z including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. z z z z z z z z z z z z z z
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionandz z z z z z z z z z
sample scenario.
z z
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
z z z z z z z z z z z
Dilemma (for new IDDR Approach)
z z z z z
o 1 New Term & Concept
z z z z
• outsourcing
• 1 NewEthics Today feature—
z z z z
4
website,in whole or in part. z z z z z
z z z z z z z
SOLUTIONMANUAL z
BusinessLaw:Text&Exercises(MindTapCourseList)
z z z z z z z
10thEditionbyRogerLeRoyMiller,WilliamE.Hollowell
z z z z z z z z
1
website,in whole or in part.
z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList)
z z z z z z z
Chapter1 z
Tableof Contents z z
Purposeand Perspective of the Chapter..................................................................................................................... 2
z z z z z
Cengage Supplements ................................................................................................................................................... 2
z
List of Student Downloads ......................................................................................................................................... 2
z z z
Chapter Objectives .......................................................................................................................................................... 2
z
Key Terms............................................................................................................................................................................ 2
z
What's New in This Chapter ............................................................................................................................................ 3
z z z z
Chapter Outline ................................................................................................................................................................ 4
z
Discussion Questions...................................................................................................................................................... 8
z
Additional Resources ................................................................................................................................................... 10
z
Cengage Video Resources ..................................................................................................................................... 10
z z
Appendix ......................................................................................................................................................................... 10
Generic Rubrics.......................................................................................................................................................... 10
z
Standard Writing Rubric ......................................................................................................................................... 10
z z
StandardDiscussion Rubric ................................................................................................................................... 12
z z
2
website,in whole or in part.
z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList) z z z z z z z
PurposeandPerspective ofthe Chapter z z z z z
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
z z z z z z z z z z z z z z z
presents issues involved to determining the ethical responsibilities of businesses and provides
z z z z z z z z z z z z
students a framework foranalyzing and making ethical decisions.
z z z z z z z z z
CengageSupplements z
The following product-level supplements provide additional information that may help you in
z z z z z z z z z z z
preparing your course. They are available in the Instructor Resource Center.
z z z z z z z z z z z
• PowerPoint Deck z
ListofStudentDownloads
z z z
Students should download the following items from the Student Companion Center to completethe
z z z z z z z z z z z z z
activities and assignments related to this chapter:
z z z z z z z
• PowerPoint Deck (without teaching notes, activities, or answers) z z z z z z z
ChapterObjectives z
The following objectives are addressed in this chapter:
z z z z z z z
1. Discuss how business can discourage unethical behavior z z z z z z
2. Explain therelationship between law and ethics z z z z z z
3. Compareduty-based ethics and utilitarian ethics z z z z z
4. Identify ethical problemsin the global context z z z z z z
KeyTerms z
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior
z z z z z z z z z z z z z z z
in the world of business and the application of moral principles to situations that arisein a business
z z z z z z z z z z z z z z z z z z
setting.
z
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical z z z z z z z z z z z z
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a
z z z z z z z z z z z z z z z z z
person should evaluate the action in terms of what would happen if everybody else in the same
z z z z z z z z z z z z z z z z z
situation, or category, acted the same way.
z z z z z z z
corporate social responsibility (CSR): The concept that corporations can and should act
z z z z z z z z z z z
ethically and be accountable to society for theiractions.
z z z z z z z z z
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given z z z z z z z z z z z z
action against the benefits of the action.
z z z z z z z
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto z z z z z z z z z z z z z z z
others, including both humans and the planet. Those duties may be derived from religious principles or
z z z z z z z z z z z z z z z z
from other philosophical reasoning.
z z z z
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
z z z z z z z z z z z z z z z
ethical standards to the particular situation at hand.
z z z z z z z z
3
website,in whole or in part. z z z z z
, BusinessLaw:Text&Exercises(MindTapCourseList) z z z z z z z
ethics: Moral principles and values applied to social behavior.
z z z z z z z z
moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
z z z z z z z z z z z z z z
usually defined as compliance with the law.
z z z z z z z
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision on z z z z z z z z z z z z z
society or on key stakeholders.
z z z z z
outsourcing: The practice by which a company hires an outside firm or individual to performwork z z z z z z z z z z z z z z z
rather than hiring employees.
z z z z
principle of rights: The principle that human beings have certain fundamental rights (to life,
z z z z z z z z z z z z z
freedom, and the pursuit of happiness, for example). A key factor in determining whether a
z z z z z z z z z z z z z z z
business decision is ethical under this theory is how that decision affects the rights of others,such as
z z z z z z z z z z z z z z z z z z
employees, consumers, suppliers, and the community.
z z z z z z
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate z z z z z z z z z z z
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
z z z z z z z z z z z
which the corporation operates.
z z z z
triple bottomline: The idea that investors and others should consider notonly corporate
z z z z z z z z z z z z z
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
z z z z z z z z z z z z z z z z z
line is people, planet, and profits.)
z z z z z z
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan z z z z z z z z z z z z z z
evaluation of the consequences of a given action on those who will be affected by it. In
z z z z z z z z z z z z z z z z z
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number of
z z z z z z z z z z z z z z z z z
people affected by the decision.
z z z z z
[return to top] z z
What's New inThis Chapter z z z z
The following elements are improvements in this chapter from the previousedition:
z z z z z z z z z z z
• New chapter title and chapter-opening introduction scenario discussing recent
z z z z z z z z
technology scandal involving finger-prick blood test kits
z z z z z z z
• New chapter organization and subheads throughout (including new headings for
z z z z z z z z z
―outsourcing‖ and ―corruption‖) z z
• New section on Making Ethical BusinessDecisions and new materials on Systematic
z z z z z z z z z z z
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics, z z z z z z z z z z z z z z z z
z including in all of the new ―A Question of Ethics‖ problems in the remaining chapters. z z z z z z z z z z z z z z
o New―ApplicationoftheIDDRApproach‖subsectionwithstep-by-stepdiscussionandz z z z z z z z z z
sample scenario.
z z
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample
z z z z z z z z z z z
Dilemma (for new IDDR Approach)
z z z z z
o 1 New Term & Concept
z z z z
• outsourcing
• 1 NewEthics Today feature—
z z z z
4
website,in whole or in part. z z z z z
