TEST BANK For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Verified Chapters 1 - 12|updated edition 2025/2026 |ISBN: 9780357513910

,ki 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 ki ki ki ki ki




QUESTION TYPE: Multiple Choice
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HAS VARIABLES:
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LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
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NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 10:08 AM ki ki




DATE MODIFIED:
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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 ki ki ki ki ki ki ki




b. Sarbanes-Oxley Act ki




c. Federal Sentencing Guidelines for Organizations ki ki ki ki




d. Foreign Corrupt Practices Act ki ki ki




e. Dodd-Frank Wall Street Reform and Consumer Protection Act ki ki ki ki ki ki ki




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-3 The Development of Business Ethics ki ki ki ki ki




QUESTION TYPE: Multiple Choice
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HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
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NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 10:22 AM ki ki




DATE MODIFIED:
ki 8/3/2021 10:30 AM ki ki




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 ki ki ki




b. The right to safety ki ki ki




c. The right to be protected ki ki ki ki




d. The right to be ethical ki ki ki ki




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 ki ki ki ki




ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ki ki ki ki ki




QUESTION TYPE: Multiple Choiceki ki




HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ki ki ki ki ki ki ki ki ki ki ki ik




NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities
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DATE CREATED:
ki 8/3/2021 10:32 AM ki ki




DATE MODIFIED:
ki 8/3/2021 10:34 AM ki ki




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 ki




b. Federal Sentencing Guidelines for Organizations ki ki ki ki




c. Dodd-Frank Wall Street Reform and Consumer Protection Act ki ki ki ki ki ki ki




d. Foreign Corrupt Practices Act ki ki ki




e. UN Global Compact ki ki




ANSWER: b
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-3 The Development of Business Ethics ki ki ki ki ki




QUESTION TYPE: Multiple Choiceki ki




HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
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NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 11:22 AM ki ki




DATE MODIFIED:
ki 8/3/2021 11:24 AM ki ki




5. Environmental Social Governance (ESG) refers to which of the following? ki ki ki ki ki ki ki ki ki




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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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 ki ki ki ki ki




QUESTION TYPE: ki Multiple Choice ki




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, ki Test Bank for Business Ethics Ethical Decision Making andCases 13th Edition Ferrell
ki ki ki ki ki ki ki ki ik ki ki ki




HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
ki ki ki ki ki ki ki ki ki ki ki ik




NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 11:24 AM ki ki




DATE MODIFIED:
ki 8/3/2021 11:25 AM ki ki




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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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 ki ki ki ki ki




QUESTION TYPE: Multiple Choice
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HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.02 - Examine the historical foundations and evolution of businessethics
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NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 11:26 AM ki ki




DATE MODIFIED:
ki 8/3/2021 11:27 AM ki ki




7. Ethically charged decisions . ki ki




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 ki ki ki ki




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
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HAS VARIABLES:
ki False
LEARNING OBJECTIVES: BE.FERR.13.ChO.01.01 - Explore conceptualizations of business ethics from anorganizational
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perspective ki




NATIONAL STANDARDS: United States - BUSPROG: Ethics - Ethics
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STATE STANDARDS:
ki United States - None - DISC: Ethical Responsibilities - Ethical Responsibilities ki ki ki ki ki ki ki ki ki ki




DATE CREATED:
ki 8/3/2021 11:27 AM ki ki




DATE MODIFIED:
ki 8/3/2021 11:29 AM ki ki




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