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
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Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS x x x




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 xare
a. laws xand xregulations xthat xguide xbehavior xin xthe xworld xof xbusiness.
b. mores, xvalues, xand xcustoms xthat xguide xbehavior xin xgeneral.
c. specific xand xpervasive x boundaries x for xbehavior xthat xare xuniversal xand xabsolute.
d. the xobligations xbusinesses xassume xto xmaximize xtheir xpositive ximpact xand xminimize xtheir xnegative ximpact
xon xstakeholders.


e. the xmores, xvalues, xand xcustoms xthat xparents xteach xtheir xchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. x5
LEARNING xOBJECTIVES: LO: x1-1 x- xExplore xconceptualizations x of xbusiness xethics xfrom xan xorganizational
x

perspective.
x


NATIONAL x STANDARDS: x x United x States x - xBUSPROG: x Ethics
STATE x STANDARDS: United xStates x- xNONE x- xDISC: xEthical xResponsibilities x - xEthical xResponsibilities
KEYWORDS: Blooms: xComprehension

2. Social xresponsibility xis
a. an xorganization's x obligation xto xmaximize xits xpositive x effects xand xminimize x its xnegative xeffects xon xstakeholders.
b. principles xand xstandards xthat xguide xbehavior xin xthe xworld xof xbusiness.
c. a xbusiness's x responsibility x not xto xpollute xthe xenvironment.
d. a xbusiness's xresponsibility xto xmanufacture xproducts xthat xfunction xproperly.
e. charitable xcontributions x made xby xa xbusiness xto xenhance xits ximage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. x23
LEARNING x OBJECTIVES: x LO: x1-4 x- xGain xinsight xinto xthe xextent xof xethical xmisconduct xin xthe xworkplace xand

the xpressures xfor xunethical xbehavior.
x


NATIONAL x STANDARDS: x x United x States x - xBUSPROG: x Ethics
STATE x STANDARDS: United xStates x- xNONE x- xDISC: xEthical xResponsibilities x - xEthical xResponsibilities
KEYWORDS: Blooms: xKnowledge

, 3. The x was/were xenacted xto xrestore xconfidence xin xfinancial xreporting xand xbusiness xethics xafter xthe
xaccounting xscandals xof xthe xearly x2000s.

a. Defense xIndustry xInitiative xon xBusiness xEthics xand xConduct
b. Sarbanes-Oxley x Act
c. Federal xSentencing x Guidelines xfor xOrganizations
d. Foreign x Corrupt xPractices x Act
e. Dodd-Frank x Wall xStreet xReform xand xConsumer xProtection x Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. x13
LEARNING xOBJECTIVES: x LO: x1-2 x- xExamine xthe xhistorical xfoundations xand xevolution xof xbusiness xethics.
NATIONAL x STANDARDS: x x United x States x - xBUSPROG: x Ethics
STATE x STANDARDS: United xStates x- xNONE x- xDISC: xEthical xResponsibilities x - xEthical xResponsibilities
KEYWORDS: Blooms: xKnowledge

4. The xterm x business x ethics x is xbest xdescribed x by xthe xfollowing x statement:
a. It xis xthe xstudy xand xphilosophy xof xhuman xconduct, xwith xan xemphasis xon xdetermining xright xand xwrong.
b. It xis xan x"inquiry xinto xthe xnature xand xgrounds xof xmorality xwhere xthe xterm xmorality xis xtaken xto xmean
xmoral xjudgments, xstandards xand xrules xof xconduct."


c. It xis xthe x"study xof xthe xgeneral xnature xof xmorals xand xof xspecific xmoral xchoices; xmoral xphilosophy; xand
xthe xrules xor xstandards xgoverning xthe xconduct xof xthe xmembers xof xa xprofession."


d. It xis xan xorganization's xobligation xto xmaximize xits xpositive xeffects xand xminimize xits xnegative xeffects
xon xstakeholders.


e. It xcomprises xthe xprinciples, xvalues, xand xstandards xthat xguide xbehavior xin xthe xworld xof xbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. x5
LEARNING xOBJECTIVES: x LO: x1-1 x- xExplore xconceptualizations x of xbusiness xethics xfrom xan xorganizational
xperspective.


NATIONAL x STANDARDS: x x United x States x - xBUSPROG: x Ethics
STATE x STANDARDS: United xStates x- xNONE x- xDISC: xEthical xResponsibilities x - xEthical xResponsibilities
KEYWORDS: Blooms: xKnowledge