SOLUTION MANUAL Business Law: Text & Exercises (MindTap Course List) Chapters 1 - 43, Complete 10th Edition by Roger LeRoy Miller, William E

SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course
List) Chapters 1 - 43, Complete
10th Edition by Roger LeRoy Miller, William E.
Hollowel




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,Chapter u1

Table uof uContents
Purpose uand uPerspective uof uthe uChapter ...............................................................................2
Cengage uSupplements ..............................................................................................................2
List uof uStudent uDownloads....................................................................................................2
Chapter uObjectives ....................................................................................................................2
Key uTerms .................................................................................................................................2
What's uNew uin uThis uChapter ...................................................................................................3
Chapter uOutline..........................................................................................................................4
Discussion uQuestions ................................................................................................................8
Additional uResources ...............................................................................................................10
Cengage uVideo uResources .................................................................................................10
Appendix ...................................................................................................................................10
Generic uRubrics ...................................................................................................................10
Standard uWriting uRubric ......................................................................................................10
Standard uDiscussion uRubric ................................................................................................12




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,Purpose uand uPerspective uof uthe uChapter
The upurpose uof uthis uchapter uis uto uexamine uthe urelationship ubetween ulaw uand uethics.
uThe uchapterupresents uissues uinvolved uto udetermining uthe uethical uresponsibilities uof
ubusinesses uand uprovides ustudents ua uframework ufor uanalyzing uand umaking uethical
udecisions.


Cengage uSupplements
The ufollowing uproduct-level usupplements uprovide uadditional uinformation uthat umay uhelp
uyou uinupreparing uyour ucourse. uThey uare uavailable uin uthe uInstructor uResource uCenter.

 PowerPoint uDeck

List uof uStudent uDownloads
Students ushould udownload uthe ufollowing uitems ufrom uthe uStudent uCompanion uCenter uto
ucompleteuthe uactivities uand uassignments urelated uto uthis uchapter:

 PowerPoint uDeck u(without uteaching unotes, uactivities, uor uanswers)

Chapter uObjectives
The ufollowing uobjectives uare uaddressed uin uthis uchapter:

1. Discuss uhow ubusiness ucan udiscourage uunethical ubehavior

2. Explain uthe urelationship ubetween ulaw uand uethics

3. Compare uduty-based uethics uand uutilitarian uethics

4. Identify uethical uproblems uin uthe uglobal ucontext

Key uTerms
business uethics: uEthics uin ua ubusiness ucontext; ua uconsensus uof uwhat uconstitutes uright
uor uwrong ubehavior uin uthe uworld uof ubusiness uand uthe uapplication uof umoral uprinciples uto
usituations uthat uariseuin ua ubusiness usetting.
categorical uimperative: uA uconcept udeveloped uby uthe uphilosopher uImmanuel uKant uas
uan uethicaluguideline ufor ubehavior. uIn udeciding uwhether uan uaction uis uright uor uwrong, uor
udesirable uor uundesirable, ua uperson ushould uevaluate uthe uaction uin uterms uof uwhat
uwould uhappen uif ueverybody uelse uin uthe usame usituation, uor ucategory, uacted uthe usame
uway.
corporate usocial uresponsibility u(CSR): uThe uconcept uthat ucorporations ucan uand
ushould uactuethically uand ube uaccountable uto usociety ufor utheir uactions.
cost-benefit uanalysis: uA udecision-making utechnique uthat uinvolves uweighing uthe ucosts uof
ua ugivenuaction uagainst uthe ubenefits uof uthe uaction.
duty-based uethics: uAn uethical uphilosophy urooted uin uthe uidea uthat uevery uperson uhas
ucertain udutiesuto uothers, uincluding uboth uhumans uand uthe uplanet. uThose uduties umay ube
uderived ufrom ureligious uprinciples uor ufrom uother uphilosophical ureasoning.
ethical ureasoning: uA ureasoning uprocess uin uwhich uan uindividual ulinks uhis uor uher umoral
uconvictionsuor uethical ustandards uto uthe uparticular usituation uat uhand.




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, ethics: uMoral uprinciples uand uvalues uapplied uto usocial ubehavior.
moral uminimum: uThe uminimum udegree uof uethical ubehavior uexpected uof ua ubusiness
ufirm, uwhich uisuusually udefined uas ucompliance uwith uthe ulaw.
outcome-based uethics: uAn uethical uphilosophy uthat ufocuses uon uthe uimpacts uof ua
udecision uonusociety uor uon ukey ustakeholders.
outsourcing: uThe upractice uby uwhich ua ucompany uhires uan uoutside ufirm uor uindividual
uto uperformuwork urather uthan uhiring uemployees.
principle uof urights: uThe uprinciple uthat uhuman ubeings uhave ucertain ufundamental
urights u(to ulife,ufreedom, uand uthe upursuit uof uhappiness, ufor uexample). uA ukey ufactor uin
udetermining uwhether ua ubusiness udecision uis uethical uunder uthis utheory uis uhow uthat
udecision uaffects uthe urights uof uothers,usuch uas uemployees, uconsumers, usuppliers, uand
uthe ucommunity.
stakeholders: uGroups, uother uthan uthe ucompany’s ushareholders, uthat uare uaffected uby
ucorporate udecisions. uStakeholders uinclude uemployees, ucustomers, ucreditors, usuppliers,
uand uthe ucommunityuin uwhich uthe ucorporation uoperates.
triple ubottom uline: uThe uidea uthat uinvestors uand uothers ushould uconsider unot uonly
ucorporate
profits, ubut ualso uthe ucorporation’s uimpact uon upeople uand uon uthe uplanet uin uassessing uthe
ufirm. u(Theubottom uline uis upeople, uplanet, uand uprofits.)
utilitarianism: uAn uapproach uto uethical ureasoning uin uwhich uethically ucorrect ubehavior uis
urelated utouan uevaluation uof uthe uconsequences uof ua ugiven uaction uon uthose uwho uwill ube
uaffected uby uit. uIn
utilitarian ureasoning, ua u―good‖ udecision uis uone uthat uresults uin uthe ugreatest ugood ufor uthe
ugreatest unumber uof upeople uaffected uby uthe udecision.

[return uto utop]

What's uNew uin uThis uChapter
The ufollowing uelements uare uimprovements uin uthis uchapter ufrom uthe uprevious uedition:
 New uchapter utitle uand uchapter-opening uintroduction uscenario udiscussing
urecentutechnology uscandal uinvolving ufinger-prick ublood utest ukits
 New uchapter uorganization uand usubheads uthroughout u(including unew uheadings ufor
―outsourcing‖ uand u―corruption‖)
 New usection uon uMaking uEthical uBusiness uDecisions uand unew umaterials uon
uSystematic
Approach: uIDDR u(―I udesire uto udo uright‖) uthat uwill ube uused uthroughout uthe utext
uto uanalyze uethics, uincluding uin uall uof uthe unew u―A uQuestion uof uEthics‖
uproblems uin uthe uremaining uchapters.
o New u―Application uof uthe uIDDR uApproach‖ usubsection uwith ustep-by-step
udiscussionuand usample uscenario.
 1 uNew uExhibit u3–1: uAn uAnalysis uof uEthical uApproaches uto
uthe uSampleuDilemma u(for unew uIDDR uApproach)
o 1 uNew uTerm u& uConcept
 outsourcing
 1 uNew uEthics uToday ufeature—




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