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 ll




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 ll ll ll




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 llare
a. laws lland llregulations llthat llguide llbehavior llin llthe llworld llof llbusiness.
b. mores, llvalues, lland llcustoms llthat llguide llbehavior llin llgeneral.
c. specific lland llpervasive llboundaries llfor llbehavior llthat llare lluniversal lland llabsolute.
d. the lobligations lbusinesses llassume lto lmaximize ltheir lpositive limpact land lminimize ltheir lnegative limpact lon
llstakeholders.


e. the llmores, llvalues, lland llcustoms llthat llparents llteach lltheir llchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ll5
LEARNING llOBJECTIVES: l l LO: l1-1 l- lExplore llconceptualizations llof lbusiness llethics lfrom lan lorganizational
llperspective.


NATIONAL l l STANDARDS: l l l l United llStates ll- llBUSPROG: l l Ethics
STATE l l STANDARDS: United lStates ll- lNONE ll- lDISC: llEthical llResponsibilities l l- lEthical llResponsibilities
KEYWORDS: Blooms: llComprehension

2. Social llresponsibility llis
a. an llorganization's l lobligation llto llmaximize llits llpositive lleffects lland llminimize llits llnegative lleffects llon llstakeholders.
b. principles lland llstandards llthat llguide llbehavior llin llthe llworld llof llbusiness.
c. a llbusiness's llresponsibility l lnot llto llpollute llthe llenvironment.
d. a lbusiness's llresponsibility llto lmanufacture llproducts llthat lfunction llproperly.
e. charitable llcontributions llmade llby la lbusiness llto lenhance llits llimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ll23
LEARNING l l OBJECTIVES: l l LO: ll1-4 ll- llGain llinsight llinto llthe llextent llof llethical llmisconduct llin llthe llworkplace lland
llthe llpressures llfor llunethical llbehavior.


NATIONAL l l STANDARDS: l l l l United llStates ll- llBUSPROG: l l Ethics
STATE l l STANDARDS: United lStates ll- lNONE ll- lDISC: llEthical llResponsibilities l l- lEthical llResponsibilities
KEYWORDS: Blooms: llKnowledge

, 3. The ll was/were llenacted llto llrestore llconfidence llin llfinancial llreporting lland llbusiness llethics llafter llthe
llaccounting llscandals llof llthe llearly ll2000s.


a. Defense llIndustry llInitiative llon lBusiness llEthics lland llConduct
b. Sarbanes-Oxley llAct
c. Federal llSentencing llGuidelines llfor llOrganizations
d. Foreign llCorrupt llPractices llAct
e. Dodd-Frank llWall llStreet llReform lland llConsumer llProtection llAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ll13
LEARNING ll OBJECTIVES: l l LO: l1-2 l- llExamine llthe lhistorical llfoundations lland levolution llof lbusiness llethics.
NATIONAL l l STANDARDS: l l l l United llStates ll- llBUSPROG: l l Ethics
STATE l l STANDARDS: United lStates ll- lNONE ll- lDISC: llEthical llResponsibilities l l- lEthical llResponsibilities
KEYWORDS: Blooms: llKnowledge

4. The llterm llbusiness l l ethics l l is llbest lldescribed l lby llthe llfollowing ll statement:
a. It lis lthe lstudy lland llphilosophy llof lhuman llconduct, llwith lan llemphasis llon ldetermining llright lland lwrong.
b. It llis llan ll"inquiry llinto llthe llnature lland llgrounds llof llmorality llwhere llthe llterm llmorality llis lltaken llto llmean
llmoral lljudgments, llstandards lland llrules llof llconduct."


c. It llis llthe ll"study llof llthe llgeneral llnature llof llmorals lland llof lspecific llmoral llchoices; llmoral llphilosophy; lland llthe
llrules llor llstandards llgoverning llthe llconduct llof llthe llmembers llof lla llprofession."


d. It lis lan lorganization's llobligation lto lmaximize lits lpositive leffects lland lminimize llits lnegative lleffects llon
llstakeholders.


e. It lcomprises llthe llprinciples, llvalues, lland lstandards llthat llguide llbehavior llin lthe llworld llof lbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ll5
LEARNING llOBJECTIVES: l l LO: l1-1 l- lExplore llconceptualizations llof lbusiness llethics lfrom lan lorganizational
llperspective.


NATIONAL l l STANDARDS: l l l l United llStates ll- llBUSPROG: l l Ethics
STATE l l STANDARDS: United lStates ll- lNONE ll- lDISC: llEthical llResponsibilities l l- lEthical llResponsibilities
KEYWORDS: Blooms: llKnowledge