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

TEST BANK Business Ethics Ethical Decision Making and
Cases, 13th Edition By Ferrell
All chapters 1-12 Verified

,TABLE OF CONTENTS u u u




Part 1: An Overview of Business Ethics
u u u u u u




1: The Importance of Business Ethics
u u u u u




2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
u u u u u u u




3: Sustainability: Ethical and Social Responsibility Dimensions
u u u u u u




Part 2: Ethical Issues and the Institutionalization of Business Ethics
u u u u u u u u u




4: The Institutionalization of Business Ethics
u u u u u




5: Emerging Business Ethics Issues
u u u u




Part 3: The Decision-Making Process
u u u u




6: Ethical Decision Making
u u u




7: Individual Factors: Moral Philosophies and Values
u u u u u u




8: Organizational Factors: The Role of Ethical Culture and Relationships
u u u u u u u u u




Part 4: Implementing Business Ethics in a Global Economy
u u u u u u u u




9: Developing and Implementing an Effective Ethics Program
u u u u u u u




10: Global Business Ethics Issues
u u u u




11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
u u u u u u

,1: The Importance of Business Ethics
u u u u u




1. Principlesuare
a. lawsuanduregulationsuthatuguideubehavioruinutheuworlduofubusiness.
b. mores,uvalues,uanducustomsuthatuguideubehavioruinugeneral.
c. specificuandupervasiveuboundariesuforubehavioruthatuareuuniversaluanduabsolute.
d. theuobligationsubusinessesuassumeutoumaximizeutheirupositiveuimpactuanduminimizeutheirunegativeuimpactuonustak
eholders.
e. theumores,uvalues,uanducustomsuthatuparentsuteachutheiruchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.u5
LEARNINGuOBJECTIVES:u LO:u1-1u-uExploreuconceptualizationsuofubusinessuethicsufromuanuorganizationaluperspective.
NATIONALu STANDARDS:u u UniteduStatesu-uBUSPROG:u Ethics
STATEu STANDARDS: UniteduStatesu-uNONEu-uDISC:uEthicaluResponsibilitiesu-uEthicaluResponsibilities
KEYWORDS: Blooms:uComprehension

2. Socialuresponsibilityuis
a. anuorganization'su obligationutoumaximizeuitsupositiveueffectsuanduminimizeuitsunegativeueffectsuonustakeholders.
b. principlesuandustandardsuthatuguideubehavioruinutheuworlduofubusiness.
c. aubusiness'suresponsibilityu notutoupolluteutheuenvironment.
d. aubusiness'suresponsibilityutoumanufactureuproductsuthatufunctionuproperly.
e. charitableucontributionsumadeubyuaubusinessutouenhanceuitsuimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.u23
LEARNINGu OBJECTIVES:u LO:u1-4u-
uGainuinsightuintoutheuextentuofuethicalumisconductuinutheuworkplaceuandutheupressuresuforuunet

hicalubehavior.
NATIONALu STANDARDS:u u UniteduStatesu-uBUSPROG:u Ethics
STATEu STANDARDS: UniteduStatesu-uNONEu-uDISC:uEthicaluResponsibilitiesu-uEthicaluResponsibilities
KEYWORDS: Blooms:uKnowledge

, 3. Theu
was/wereuenactedutourestoreuconfidenceuinufinancialureportinguandubusinessuethicsuafterutheuaccountingusc
andalsuofutheuearlyu2000s.
a. DefenseuIndustryuInitiativeuonuBusinessuEthicsuanduConduct
b. Sarbanes-OxleyuAct
c. FederaluSentencinguGuidelinesuforuOrganizations
d. ForeignuCorruptuPracticesuAct
e. Dodd-FrankuWalluStreetuReformuanduConsumeruProtectionuAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.u13
LEARNINGuOBJECTIVES:u LO:u1-2u-uExamineutheuhistoricalufoundationsuanduevolutionuofubusinessuethics.
NATIONALu STANDARDS:u u UniteduStatesu-uBUSPROG:u Ethics
STATEu STANDARDS: UniteduStatesu-uNONEu-uDISC:uEthicaluResponsibilitiesu-uEthicaluResponsibilities
KEYWORDS: Blooms:uKnowledge

4. Theutermubusinessu ethicsu isubestudescribedubyutheufollowingu statement:
a. Ituisutheustudyuanduphilosophyuofuhumanuconduct,uwithuanuemphasisuonudeterminingurightuanduwrong.
b. Ituisuanu"inquiryuintoutheunatureuandugroundsuofumoralityuwhereutheutermumoralityuisutakenutoumeanumoralujudg
ments,ustandardsuandurulesuofuconduct."
c. Ituisutheu"studyuofutheugeneralunatureuofumoralsuanduofuspecificumoraluchoices;umoraluphilosophy;uandutheurulesuorust
andardsugoverningutheuconductuofutheumembersuofuauprofession."
d. Ituisuanuorganization'suobligationutoumaximizeuitsupositiveueffectsuanduminimizeuitsunegativeueffectsuonustak
eholders.
e. Itucomprisesutheuprinciples,uvalues,uandustandardsuthatuguideubehavioruinutheuworlduofubusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.u5
LEARNINGuOBJECTIVES:u LO:u1-1u-uExploreuconceptualizationsuofubusinessuethicsufromuanuorganizationaluperspective.
NATIONALu STANDARDS:u u UniteduStatesu-uBUSPROG:u Ethics
STATEu STANDARDS: UniteduStatesu-uNONEu-uDISC:uEthicaluResponsibilitiesu-uEthicaluResponsibilities
KEYWORDS: Blooms:uKnowledge