TEST BANK FOR BUSINESS ETHICS
ETHICAL DECISION MAKING AND
CASES 13TH EDITION BY O C
FERRELL JOHN FRAEDRICH 2026
STUDY GUIDE COMPREHENSIVE
QUESTIONS ANSWERS VERIFIED A+
◉ Principles.
Answer: are specific and pervasive boundaries for behaviors that are
universal and absolute
◉ Values.
Answer: used to develop norms that are socially enforced.
◉ Consumer Bill of Rights.
Answer: 1962 JFK said four basic rights: safety, informed, choose, be
heard
◉ Social Responsibility.
Answer: an organization's obligation to maximize its positive impact on
stakeholders and minimize its negative impact economic legal ethical
and philanthropic
◉ Federal Sentencing guidelines for Organizations.
, Answer: approved by congress in November 1991 follow standards and
you won't be held responsible if wrongdoing is found
◉ Defense Industry Initiatives.
Answer: 1986 guide corporate support for ethical conduct
◉ Sarbanes Oxley.
Answer: ethics reform in 2002, increased accounting regulations, CEO
and chief financial officer held personally responsible in ethical
wrongdoing
◉ didd-frank wall street reform and consumer protection act 14.
Answer: addressed some of the issues related to the financial crisis and
recession, designed to make the financial services industry more ethical
and responsible. Required regulators to create hundreds of rules to
promote financial stability, improve accountability and transparency,
and protect consumers from abusive financial practices
◉ Ethical Culture.
Answer: the character of the decision making process that employees
use to determine whether their responses to ethical issues are right or
wrong
◉ Stakeholders.
Answer: have a stake in the company and its outcomes
ETHICAL DECISION MAKING AND
CASES 13TH EDITION BY O C
FERRELL JOHN FRAEDRICH 2026
STUDY GUIDE COMPREHENSIVE
QUESTIONS ANSWERS VERIFIED A+
◉ Principles.
Answer: are specific and pervasive boundaries for behaviors that are
universal and absolute
◉ Values.
Answer: used to develop norms that are socially enforced.
◉ Consumer Bill of Rights.
Answer: 1962 JFK said four basic rights: safety, informed, choose, be
heard
◉ Social Responsibility.
Answer: an organization's obligation to maximize its positive impact on
stakeholders and minimize its negative impact economic legal ethical
and philanthropic
◉ Federal Sentencing guidelines for Organizations.
, Answer: approved by congress in November 1991 follow standards and
you won't be held responsible if wrongdoing is found
◉ Defense Industry Initiatives.
Answer: 1986 guide corporate support for ethical conduct
◉ Sarbanes Oxley.
Answer: ethics reform in 2002, increased accounting regulations, CEO
and chief financial officer held personally responsible in ethical
wrongdoing
◉ didd-frank wall street reform and consumer protection act 14.
Answer: addressed some of the issues related to the financial crisis and
recession, designed to make the financial services industry more ethical
and responsible. Required regulators to create hundreds of rules to
promote financial stability, improve accountability and transparency,
and protect consumers from abusive financial practices
◉ Ethical Culture.
Answer: the character of the decision making process that employees
use to determine whether their responses to ethical issues are right or
wrong
◉ Stakeholders.
Answer: have a stake in the company and its outcomes
