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
Tablej ofj Contents
Purposej andj Perspectivej ofj thej Chapter.............................................................................................................. 2
Cengagej Supplements.................................................................................................................................................. 2
Listj ofj Studentj Downloads..................................................................................................................................... 2
Chapterj Objectives ......................................................................................................................................................... 2
Keyj Terms .......................................................................................................................................................................... 2
What'sj Newj inj Thisj Chapter ...................................................................................................................................... 3
Chapterj Outline ............................................................................................................................................................... 4
Discussionj Questions .................................................................................................................................................... 8
Additionalj Resources.................................................................................................................................................. 10
Cengagej Videoj Resources .................................................................................................................................. 10
Appendix ......................................................................................................................................................................... 10
Genericj Rubrics ........................................................................................................................................................ 10
Standardj Writingj Rubric....................................................................................................................................... 10
Standardj Discussionj Rubric ................................................................................................................................ 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purposej andj Perspectivej ofj thej Chapter
Thej purposej ofj thisj chapterj isj toj examinej thej relationshipj betweenj lawj andj ethics.j Thej
chapterjpresentsj issuesj involvedj toj determiningj thej ethicalj responsibilitiesj ofj businessesj andj
providesj studentsj aj frameworkj forj analyzingj andj makingj ethicalj decisions.
Cengagej Supplements
Thej followingj product-levelj supplementsj providej additionalj informationj thatj mayj helpj
youj injpreparingj yourj course.j Theyj arej availablej inj thej Instructorj Resourcej Center.
PowerPointj Deck
Listj ofj Studentj Downloads
Studentsj shouldj downloadj thej followingj itemsj fromj thej Studentj Companionj Centerj toj
completejthej activitiesj andj assignmentsj relatedj toj thisj chapter:
PowerPointj Deckj (withoutj teachingj notes,j activities,j orj answers)
Chapterj Objectives
Thej followingj objectivesj arej addressedj inj thisj chapter:
1. Discussj howj businessj canj discouragej unethicalj behavior
2. Explainj thej relationshipj betweenj lawj andj ethics
3. Comparej duty-basedj ethicsj andj utilitarianj ethics
4. Identifyj ethicalj problemsj inj thej globalj context
Keyj Terms
businessj ethics:j Ethicsj inj aj businessj context;j aj consensusj ofj whatj constitutesj rightj orj
wrongj behaviorj inj thej worldj ofj businessj andj thej applicationj ofj moralj principlesj toj
situationsj thatj arisejinj aj businessj setting.
categoricalj imperative:j Aj conceptj developedj byj thej philosopherj Immanuelj Kantj asj anj
ethicaljguidelinej forj behavior.j Inj decidingj whetherj anj actionj isj rightj orj wrong,j orj desirablej
orj undesirable,j aj personj shouldj evaluatej thej actionj inj termsj ofj whatj wouldj happenj ifj
everybodyj elsej inj thej samej situation,j orj category,j actedj thej samej way.
corporatej socialj responsibilityj (CSR):j Thej conceptj thatj corporationsj canj andj shouldj
actjethicallyj andj bej accountablej toj societyj forj theirj actions.
cost-benefitj analysis:j Aj decision-makingj techniquej thatj involvesj weighingj thej costsj ofj aj
givenjactionj againstj thej benefitsj ofj thej action.
duty-basedj ethics:j Anj ethicalj philosophyj rootedj inj thej ideaj thatj everyj personj hasj certainj
dutiesjtoj others,j includingj bothj humansj andj thej planet.j Thosej dutiesj mayj bej derivedj fromj
religiousj principlesj orj fromj otherj philosophicalj reasoning.
ethicalj reasoning:j Aj reasoningj processj inj whichj anj individualj linksj hisj orj herj moralj
convictionsjorj ethicalj standardsj toj thej particularj situationj atj hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics:j Moralj principlesj andj valuesj appliedj toj socialj behavior.
moralj minimum:j Thej minimumj degreej ofj ethicalj behaviorj expectedj ofj aj businessj firm,j
whichj isjusuallyj definedj asj compliancej withj thej law.
outcome-basedj ethics:j Anj ethicalj philosophyj thatj focusesj onj thej impactsj ofj aj decisionj
onjsocietyj orj onj keyj stakeholders.
outsourcing:j Thej practicej byj whichj aj companyj hiresj anj outsidej firmj orj individualj toj
performjworkj ratherj thanj hiringj employees.
principlej ofj rights:j Thej principlej thatj humanj beingsj havej certainj fundamentalj rightsj (toj
life,jfreedom,j andj thej pursuitj ofj happiness,j forj example).j Aj keyj factorj inj determiningj
whetherj aj businessj decisionj isj ethicalj underj thisj theoryj isj howj thatj decisionj affectsj thej
rightsj ofj others,jsuchj asj employees,j consumers,j suppliers,j andj thej community.
stakeholders:j Groups,j otherj thanj thej company’sj shareholders,j thatj arej affectedj byj
corporatej decisions.j Stakeholdersj includej employees,j customers,j creditors,j suppliers,j andj
thej communityjinj whichj thej corporationj operates.
triplej bottomj line:j Thej ideaj thatj investorsj andj othersj shouldj considerj notj onlyj corporate
profits,j butj alsoj thej corporation’sj impactj onj peoplej andj onj thej planetj inj assessingj thej firm.j
(Thejbottomj linej isj people,j planet,j andj profits.)
utilitarianism:j Anj approachj toj ethicalj reasoningj inj whichj ethicallyj correctj behaviorj isj
relatedj tojanj evaluationj ofj thej consequencesj ofj aj givenj actionj onj thosej whoj willj bej affectedj
byj it.j In
utilitarianj reasoning,j aj ―good‖j decisionj isj onej thatj resultsj inj thej greatestj goodj forj thej
greatestj numberj ofj peoplej affectedj byj thej decision.
[returnj toj top]
What'sj Newj inj Thisj Chapter
Thej followingj elementsj arej improvementsj inj thisj chapterj fromj thej previousj edition:
Newj chapterj titlej andj chapter-openingj introductionj scenarioj discussingj
recentjtechnologyj scandalj involvingj finger-prickj bloodj testj kits
Newj chapterj organizationj andj subheadsj throughoutj (includingj newj headingsj for
―outsourcing‖j andj ―corruption‖)
Newj sectionj onj Makingj Ethicalj Businessj Decisionsj andj newj materialsj onj Systematic
Approach:j IDDRj (―Ij desirej toj doj right‖)j thatj willj bej usedj throughoutj thej textj toj
analyzej ethics,j includingj inj allj ofj thej newj ―Aj Questionj ofj Ethics‖j problemsj inj thej
remainingj chapters.
o Newj ―Applicationj ofj thej IDDRj Approach‖j subsectionj withj step-by-stepj
discussionjandj samplej scenario.
1j Newj Exhibitj 3–1:j Anj Analysisj ofj Ethicalj Approachesj toj thej
SamplejDilemmaj (forj newj IDDRj Approach)
o 1j Newj Termj &j Concept
outsourcing
1j Newj Ethicsj Todayj feature—
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
Tablej ofj Contents
Purposej andj Perspectivej ofj thej Chapter.............................................................................................................. 2
Cengagej Supplements.................................................................................................................................................. 2
Listj ofj Studentj Downloads..................................................................................................................................... 2
Chapterj Objectives ......................................................................................................................................................... 2
Keyj Terms .......................................................................................................................................................................... 2
What'sj Newj inj Thisj Chapter ...................................................................................................................................... 3
Chapterj Outline ............................................................................................................................................................... 4
Discussionj Questions .................................................................................................................................................... 8
Additionalj Resources.................................................................................................................................................. 10
Cengagej Videoj Resources .................................................................................................................................. 10
Appendix ......................................................................................................................................................................... 10
Genericj Rubrics ........................................................................................................................................................ 10
Standardj Writingj Rubric....................................................................................................................................... 10
Standardj Discussionj Rubric ................................................................................................................................ 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purposej andj Perspectivej ofj thej Chapter
Thej purposej ofj thisj chapterj isj toj examinej thej relationshipj betweenj lawj andj ethics.j Thej
chapterjpresentsj issuesj involvedj toj determiningj thej ethicalj responsibilitiesj ofj businessesj andj
providesj studentsj aj frameworkj forj analyzingj andj makingj ethicalj decisions.
Cengagej Supplements
Thej followingj product-levelj supplementsj providej additionalj informationj thatj mayj helpj
youj injpreparingj yourj course.j Theyj arej availablej inj thej Instructorj Resourcej Center.
PowerPointj Deck
Listj ofj Studentj Downloads
Studentsj shouldj downloadj thej followingj itemsj fromj thej Studentj Companionj Centerj toj
completejthej activitiesj andj assignmentsj relatedj toj thisj chapter:
PowerPointj Deckj (withoutj teachingj notes,j activities,j orj answers)
Chapterj Objectives
Thej followingj objectivesj arej addressedj inj thisj chapter:
1. Discussj howj businessj canj discouragej unethicalj behavior
2. Explainj thej relationshipj betweenj lawj andj ethics
3. Comparej duty-basedj ethicsj andj utilitarianj ethics
4. Identifyj ethicalj problemsj inj thej globalj context
Keyj Terms
businessj ethics:j Ethicsj inj aj businessj context;j aj consensusj ofj whatj constitutesj rightj orj
wrongj behaviorj inj thej worldj ofj businessj andj thej applicationj ofj moralj principlesj toj
situationsj thatj arisejinj aj businessj setting.
categoricalj imperative:j Aj conceptj developedj byj thej philosopherj Immanuelj Kantj asj anj
ethicaljguidelinej forj behavior.j Inj decidingj whetherj anj actionj isj rightj orj wrong,j orj desirablej
orj undesirable,j aj personj shouldj evaluatej thej actionj inj termsj ofj whatj wouldj happenj ifj
everybodyj elsej inj thej samej situation,j orj category,j actedj thej samej way.
corporatej socialj responsibilityj (CSR):j Thej conceptj thatj corporationsj canj andj shouldj
actjethicallyj andj bej accountablej toj societyj forj theirj actions.
cost-benefitj analysis:j Aj decision-makingj techniquej thatj involvesj weighingj thej costsj ofj aj
givenjactionj againstj thej benefitsj ofj thej action.
duty-basedj ethics:j Anj ethicalj philosophyj rootedj inj thej ideaj thatj everyj personj hasj certainj
dutiesjtoj others,j includingj bothj humansj andj thej planet.j Thosej dutiesj mayj bej derivedj fromj
religiousj principlesj orj fromj otherj philosophicalj reasoning.
ethicalj reasoning:j Aj reasoningj processj inj whichj anj individualj linksj hisj orj herj moralj
convictionsjorj ethicalj standardsj toj thej particularj situationj atj hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics:j Moralj principlesj andj valuesj appliedj toj socialj behavior.
moralj minimum:j Thej minimumj degreej ofj ethicalj behaviorj expectedj ofj aj businessj firm,j
whichj isjusuallyj definedj asj compliancej withj thej law.
outcome-basedj ethics:j Anj ethicalj philosophyj thatj focusesj onj thej impactsj ofj aj decisionj
onjsocietyj orj onj keyj stakeholders.
outsourcing:j Thej practicej byj whichj aj companyj hiresj anj outsidej firmj orj individualj toj
performjworkj ratherj thanj hiringj employees.
principlej ofj rights:j Thej principlej thatj humanj beingsj havej certainj fundamentalj rightsj (toj
life,jfreedom,j andj thej pursuitj ofj happiness,j forj example).j Aj keyj factorj inj determiningj
whetherj aj businessj decisionj isj ethicalj underj thisj theoryj isj howj thatj decisionj affectsj thej
rightsj ofj others,jsuchj asj employees,j consumers,j suppliers,j andj thej community.
stakeholders:j Groups,j otherj thanj thej company’sj shareholders,j thatj arej affectedj byj
corporatej decisions.j Stakeholdersj includej employees,j customers,j creditors,j suppliers,j andj
thej communityjinj whichj thej corporationj operates.
triplej bottomj line:j Thej ideaj thatj investorsj andj othersj shouldj considerj notj onlyj corporate
profits,j butj alsoj thej corporation’sj impactj onj peoplej andj onj thej planetj inj assessingj thej firm.j
(Thejbottomj linej isj people,j planet,j andj profits.)
utilitarianism:j Anj approachj toj ethicalj reasoningj inj whichj ethicallyj correctj behaviorj isj
relatedj tojanj evaluationj ofj thej consequencesj ofj aj givenj actionj onj thosej whoj willj bej affectedj
byj it.j In
utilitarianj reasoning,j aj ―good‖j decisionj isj onej thatj resultsj inj thej greatestj goodj forj thej
greatestj numberj ofj peoplej affectedj byj thej decision.
[returnj toj top]
What'sj Newj inj Thisj Chapter
Thej followingj elementsj arej improvementsj inj thisj chapterj fromj thej previousj edition:
Newj chapterj titlej andj chapter-openingj introductionj scenarioj discussingj
recentjtechnologyj scandalj involvingj finger-prickj bloodj testj kits
Newj chapterj organizationj andj subheadsj throughoutj (includingj newj headingsj for
―outsourcing‖j andj ―corruption‖)
Newj sectionj onj Makingj Ethicalj Businessj Decisionsj andj newj materialsj onj Systematic
Approach:j IDDRj (―Ij desirej toj doj right‖)j thatj willj bej usedj throughoutj thej textj toj
analyzej ethics,j includingj inj allj ofj thej newj ―Aj Questionj ofj Ethics‖j problemsj inj thej
remainingj chapters.
o Newj ―Applicationj ofj thej IDDRj Approach‖j subsectionj withj step-by-stepj
discussionjandj samplej scenario.
1j Newj Exhibitj 3–1:j Anj Analysisj ofj Ethicalj Approachesj toj thej
SamplejDilemmaj (forj newj IDDRj Approach)
o 1j Newj Termj &j Concept
outsourcing
1j Newj Ethicsj Todayj feature—
4
website, in whole or in part.
