, Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
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Chapter 01: The Importance of Business Ethics
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1. Corporate social responsibility is defined as which of the following?
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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, values, and norms that primarily guide individual and group behavior in the world of business
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c. The institutionalization of business ethics into all levels of business decision making
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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 reputation with stakeholders
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
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j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:08 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:21 AM ju ju
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore
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confidence infinancial reporting and business ethics?
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a. Defense Industry Initiative on Business Ethics and Conduct ju ju ju ju ju ju ju
b. Sarbanes-Oxley Act ju
c. Federal Sentencing Guidelines for Organizations ju ju ju ju
d. Foreign Corrupt Practices Act ju ju ju
e. Dodd-Frank Wall Street Reform and Consumer Protection Act ju ju ju ju ju ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:22 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:30 AM ju ju
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
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a. The right to consumerism ju ju ju
b. The right to safety ju ju ju
c. The right to be protected ju ju ju ju
d. The right to be ethical ju ju ju ju
Page 1
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,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
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e. The right to be heard ju ju ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choiceju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:32 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:34 AM ju ju
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
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a. Sarbanes-Oxley Act ju
b. Federal Sentencing Guidelines for Organizations ju ju ju ju
c. Dodd-Frank Wall Street Reform and Consumer Protection Act ju ju ju ju ju ju ju
d. Foreign Corrupt Practices Act ju ju ju
e. UN Global Compact ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choiceju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:22 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:24 AM ju ju
5. Environmental Social Governance (ESG) refers to which of the following? ju ju ju ju ju ju ju ju ju
a. A framework for evaluation of firm performance in the areas of environmental, social,
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andgovernance
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b. The most far-reaching change in organizational control and accounting regulations since the Securities
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andExchange Act of 1934
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j ju ju ju
c. Guidelines that codified into law incentives to reward organizations for taking action to prevent misconduct
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d. An organization developed to guide corporate support for ethical conduct
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e. An organization’s obligation to maximize its positive impact and minimize its negative impact on stakeholders
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: ju Multiple Choice ju
Page 2
ju
, ju Test Bank for Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
ju ju ju ju ju ju ju ju u
j ju ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:24 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:25 AM ju ju
6. The 1960s saw a rise of consumerism. What is consumerism?
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a. An increase in consumer rights by individuals, organizations, and governments
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b. The growth of international retail chain stores that served global consumers
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c. Activities undertaken by independent individuals, groups, and organizations to protect their
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rights asconsumers
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j
d. The widespread adoption of consumer-oriented marketing strategies among businesses
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e. The tendency of organizations to view consumers as their most important stakeholder
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:26 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:27 AM ju ju
7. Ethically charged decisions . ju ju
a. are made at all levels of work and management
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b. are made primarily by top management
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c. stem from individual moral philosophies ju ju ju ju
d. are less important than other decision-making processes
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e. are an isolated personal issue
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Introduction
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.01 - Explore conceptualizations of business ethics from anorganizational
ju ju ju ju ju ju ju ju ju ju u
j
perspective ju
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:27 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:29 AM ju ju
Page 3
ju
ju ju ju ju ju ju u
j ju ju ju
Chapter 01: The Importance of Business Ethics
ju ju ju ju ju ju
1. Corporate social responsibility is defined as which of the following?
ju ju ju ju ju ju ju ju ju
a. An organization’s obligation to maximize its positive effects and minimize its negative effects on stakeholders
ju ju ju ju ju ju ju ju ju ju ju ju ju ju
b. Principles, values, and norms that primarily guide individual and group behavior in the world of business
ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju
c. The institutionalization of business ethics into all levels of business decision making
ju ju ju ju ju ju ju ju ju ju ju
d. A business’s responsibility to manufacture products that function properly
ju ju ju ju ju ju ju ju
e. Charitable contributions made by a business to enhance its reputation with stakeholders
ju ju ju ju ju ju ju ju ju ju ju
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:08 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:21 AM ju ju
2. After the accounting scandals of the early 2000s, which of the following was/were enacted to restore
ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju
confidence infinancial reporting and business ethics?
ju ju u
j ju ju ju ju
a. Defense Industry Initiative on Business Ethics and Conduct ju ju ju ju ju ju ju
b. Sarbanes-Oxley Act ju
c. Federal Sentencing Guidelines for Organizations ju ju ju ju
d. Foreign Corrupt Practices Act ju ju ju
e. Dodd-Frank Wall Street Reform and Consumer Protection Act ju ju ju ju ju ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:22 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:30 AM ju ju
3. Which of the following is one of the rights spelled out by John F. Kennedy in his “Consumers’ Bill of Rights”?
ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju
a. The right to consumerism ju ju ju
b. The right to safety ju ju ju
c. The right to be protected ju ju ju ju
d. The right to be ethical ju ju ju ju
Page 1
ju
,DOWNLOAD THE Test Bank for Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
ju ju ju ju ju ju ju ju ju ju u
j ju ju ju
e. The right to be heard ju ju ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choiceju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 10:32 AM ju ju
DATE MODIFIED:
ju 8/3/2021 10:34 AM ju ju
4. During the 1990s, the institutionalization of business ethics was largely driven by which piece of legislation?
ju ju ju ju ju ju ju ju ju ju ju ju ju ju ju
a. Sarbanes-Oxley Act ju
b. Federal Sentencing Guidelines for Organizations ju ju ju ju
c. Dodd-Frank Wall Street Reform and Consumer Protection Act ju ju ju ju ju ju ju
d. Foreign Corrupt Practices Act ju ju ju
e. UN Global Compact ju ju
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choiceju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:22 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:24 AM ju ju
5. Environmental Social Governance (ESG) refers to which of the following? ju ju ju ju ju ju ju ju ju
a. A framework for evaluation of firm performance in the areas of environmental, social,
ju ju ju ju ju ju ju ju ju ju ju ju
andgovernance
ju u
j
b. The most far-reaching change in organizational control and accounting regulations since the Securities
ju ju ju ju ju ju ju ju ju ju ju ju
andExchange Act of 1934
ju u
j ju ju ju
c. Guidelines that codified into law incentives to reward organizations for taking action to prevent misconduct
ju ju ju ju ju ju ju ju ju ju ju ju ju ju
d. An organization developed to guide corporate support for ethical conduct
ju ju ju ju ju ju ju ju ju
e. An organization’s obligation to maximize its positive impact and minimize its negative impact on stakeholders
ju ju ju ju ju ju ju ju ju ju ju ju ju ju
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: ju Multiple Choice ju
Page 2
ju
, ju Test Bank for Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
ju ju ju ju ju ju ju ju u
j ju ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:24 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:25 AM ju ju
6. The 1960s saw a rise of consumerism. What is consumerism?
ju ju ju ju ju ju ju ju ju
a. An increase in consumer rights by individuals, organizations, and governments
ju ju ju ju ju ju ju ju ju
b. The growth of international retail chain stores that served global consumers
ju ju ju ju ju ju ju ju ju ju
c. Activities undertaken by independent individuals, groups, and organizations to protect their
ju ju ju ju ju ju ju ju ju ju
rights asconsumers
ju ju u
j
d. The widespread adoption of consumer-oriented marketing strategies among businesses
ju ju ju ju ju ju ju ju
e. The tendency of organizations to view consumers as their most important stakeholder
ju ju ju ju ju ju ju ju ju ju ju
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ju ju ju ju ju
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ju ju ju ju ju ju ju ju ju ju ju u
j
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:26 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:27 AM ju ju
7. Ethically charged decisions . ju ju
a. are made at all levels of work and management
ju ju ju ju ju ju ju ju
b. are made primarily by top management
ju ju ju ju ju
c. stem from individual moral philosophies ju ju ju ju
d. are less important than other decision-making processes
ju ju ju ju ju ju
e. are an isolated personal issue
ju ju ju ju
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: Introduction
QUESTION TYPE: Multiple Choice
ju ju
HAS VARIABLES:
ju False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.01 - Explore conceptualizations of business ethics from anorganizational
ju ju ju ju ju ju ju ju ju ju u
j
perspective ju
NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
ju j u ju ju ju ju ju ju
STATE STANDARDS:
ju United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ju ju ju ju ju ju ju ju ju ju
DATE CREATED:
ju 8/3/2021 11:27 AM ju ju
DATE MODIFIED:
ju 8/3/2021 11:29 AM ju ju
Page 3
ju
