TEST BANK For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Verified Chapters 1 - 12, Complete Newest Version

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

,TABLE OF CONTENTS JP JP JP




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 are JP


a. laws and regulations that guide behavior in the world of business.
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b. mores, values, and customs that guide behavior in general.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. the obligations businesses assume to maximize their positive impact and minimize their negative impact o
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n stakeholders.
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e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 JP



LEARNING OBJECTIVES: LO: 1-1 - JP J P JP JP


Explore conceptualizations of business ethics from an organizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension JP




2. Social responsibility is
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a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles and standards that guide behavior in the world of business.
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c. a business's responsibility not to pollute the environment.
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d. a business's responsibility to manufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 JP



LEARNING OBJECTIVES: LO: 1-4 - JP J P JP JP


Gain insight into the extent of ethical misconduct in the workplace and the pressures f
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or unethical behavior. JP JP



NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge JP

, 3. The JP


was/were enacted to restore confidence in financial reporting and business ethics after the accounti
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ng scandals of the early 2000s.
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a. Defense Industry Initiative on Business Ethics and Conduct
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b. Sarbanes-Oxley Act JP



c. Federal Sentencing Guidelines for Organizations
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d. Foreign Corrupt Practices Act JP JP JP



e. Dodd-Frank Wall Street Reform and Consumer Protection Act
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ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 JP



LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge JP




4. The term business ethics is best described by the following statement:
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a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
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b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean m
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oral judgments, standards and rules of conduct."
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c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the ru
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les or standards governing the conduct of the members of a profession."
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d. It is an organization's obligation to maximize its positive effects and minimize its negative effects o
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n stakeholders.
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e. It comprises the principles, values, and standards that guide behavior in the world of business.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 JP


LEARNING OBJECTIVES:LO: 1-1 - JP J P JP JP


Explore conceptualizations of business ethics from an organizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
JP JPJP JP JP JP JP



STATE STANDARDS: JP United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge JP