Test Bank for Business Ethics: Ethical Decision Making and Cases (13th Edition) | O.C. Ferrell, John Fraedrich | Chapters 1–12

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

,TABLEOFCONTENTS i i i




Part1:An OverviewofBusinessEthics 1:
i i i i i i i i




TheImportanceofBusinessEthics
i i i i




2:StakeholderRelationships,SocialResponsibility,andCorporateGovernance 3:
i i i i i i i i i




Sustainability:EthicalandSocialResponsibilityDimensions i i i i i




Part2:Ethical IssuesandtheInstitutionalizationofBusinessEthics 4:
i i i i i i i i i i i




TheInstitutionalizationofBusinessEthics
i i i i




5:EmergingBusinessEthicsIssues Part
i i i i i i i




3:TheDecision-MakingProcess 6:
i i i i i




EthicalDecisionMaking i i




7:IndividualFactors:MoralPhilosophiesandValues
i i i i i i




8:OrganizationalFactors:TheRole ofEthicalCulture andRelationships Part4:
i i i i i i i i i i i i i




ImplementingBusinessEthicsinaGlobalEconomy i i i i i i




9:DevelopingandImplementinganEffectiveEthicsProgram 10:
i i i i i i i i i




GlobalBusinessEthicsIssues
i i i




11:EthicalLeadership
i i




12:Technology:EthicsandSocialResponsibilityIssues
i i i i i i

,1:TheImportanceofBusinessEthics
i i i i i




1. Principles are i




a. lawsandregulations that guide behavior intheworld ofbusiness.
i i i i i i i i i i




b. mores, values, andcustoms thatguide behavior ingeneral.
i i i i i i i i




c. specific and pervasive boundaries forbehavior that areuniversal and absolute.
i i i i i i i i i i




d. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpacton
i i i i i i i i i i i i i i i




stakeholders.
e. the mores, values, and customs that parents teach their children.
i i i i i i i i i




ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 i




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusinessethicsfromanorganizational
i i i i i i i i i i i i i




perspective.
NATIONAL STANDARDS: United States -BUSPROG: Ethics i i i i i i i i




STATE STANDARDS: UnitedStates -NONE -DISC: EthicalResponsibilities -Ethical Responsibilities
i i i i i i i i i i i




KEYWORDS: Blooms: Comprehension i




2. Social responsibility is
qqqiqqq qqqiqqq




a. an organization's
qqqiqqq obligation to maximize its positive effects and minimize q q q i q q q qqqiqqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq qqqiqqq its negative
qqqiqqq qqqiqqq



effects on stakeholders. qqqiqqq qqqiqqq




b. principles and standards that guide behavior in the world of business.
qqqi qq q qqqiqqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq




c. a business's
qqqiqqq responsibility not to pollute the environment. qqqiqqq q q q i q q q qqqiqqq qqqiqqq q q qi qq q q q q iq q q




d. a business's responsibility to manufacture products that function properly.
qqqiqqq qqqiqqq qqq iqqq qqqiqqq qqqiq qq qqqiqqq qqqiqqq qqqiqqq




e. charitable contributions made by a business to enhance its image.
qqqi qqq qqqiqqq qqq i q qq qqqiqqq qqqiqqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq




ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 qqqiqqq




LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical
q q q i q q q qqqiqqq q q q i q q q qqq i q qq q q q iq q q qqqiqqq qq q iq q q qqqi qq q qqqiqqq qqqiqqq qqqiq qq qqqiqqq qqqiqqq



misconduct in the workplace and the pressures for qqqiqqq qqqiqqq q q q iq q q qqqiqqq q q q iq q q q q q i q q q qqqiqqq qqqiqqq



unethical behavior. qqqiqqq




NATIONAL STANDARDS: United States - BUSPROG:
q q q Ethics
i q q q qqqiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq q q q i q q q




STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities
q q q i q q q - Ethical qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq qqq i q q q qqqiqqq q q q i q q q qqqiqqq qqqiqqq



Responsibilities
KEYWORDS: Blooms: Knowledge qqqiqqq

, 3. The was/were enacted to restore confidence in financial qqqiqqq qq q i q q q qqq iqqq qq q i q q q qq q i q q q qqqiqqq qqqiqqq reporting qqqiqqq and qqqiqqq business qqqiqqq



ethics after the accounting
qqqiqqq scandals of the early
qqqiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq qqqiqqq 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
q q q iq q q q qq i qq q qqqiqqq qqqiqqq qqqi qq q qqqiqqq qqqiqqq




b. Sarbanes-Oxley Act q q q i q q q




c. Federal Sentencing Guidelines q q q iq q q qqqiqqq qqqiqqq for Organizations qqqiqqq




d. Foreign Corrupt Practices Act qqqiqqq q q q i q q q q q q i q q q




e. Dodd-Frank Wall Street Reform q q q i q q q qq qi q q q qqqiqqq q qq iqqq and Consumer qqqiqqq qqqiqqq Protection qqqiqqq Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 qqqiqqq




LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution
qqqiqqq qqqiqqq qqqi qq q qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq q q qi qq q qqqiqqq qqqiqqq qqqiqqq of qqqiqq



business ethics.
q qqqiq qq




NATIONAL STANDARDS: United States - BUSPROG:
q q q i Ethics
q q q qqqiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq q q q i q q q




STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities
q q q i q q q - Ethical qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq qqq i q q q qqqiqqq q q q i q q q qqqiqqq qqqiqqq



Responsibilities
KEYWORDS: Blooms: Knowledge qqqiqqq




4. The term
qqqiqqq business ethics is best described
q q q i by the following
q q q statement: q q q i q q q q q q i q q q q q qi qq q qqqiqqq q q q i q q q q q qiqq q q qq i qq q q q q i q q q



a. It is the study and philosophy of human conduct, with an emphasis on determining right and
qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq q q qi qq q qqqiqqq qqqiqqq qqqi qqq qqqiqqq qqqiqqq qqqiqqq



wrong.
qqqiqqq




b. It is an "inquiry into the nature and grounds of morality where the term
qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqq iqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiq qq qqqiqqq q q q iq q q



morality is taken to mean moral qqqiqqq judgments, standards and rules of
qqqiqqq qqq i q qq qqqiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq



conduct."
c. It is the "study of the general nature of morals and of specific moral choices;
qqqiqqq qqqiqqq qqqiqqq qq q iq qq qqqiqqq qqqiqqq qqqiqqq qqqi qqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq qqqiqqq qq qiqq q qqqiqqq



moral philosophy; and the rules
qqq i qq q or standards governing the conduct of qqqiqqq qq qiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiq



the members of a profession."
qq qqqiqqq qqqiqqq qqqiqqq qqqiqqq




d. It is an organization's obligation to maximize its positive effects and minimize its negative
qqqiqqq qqqiqqq qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqiqqq



effects on
qqqiqqq stakeholders. qqqiqqq q q q i q q q




e. It comprises the principles, values, and standards that guide behavior in the world of
qqqiqqq qqqiqqq qqqiqqq qqqiqqq qqqi qq q qqqiqqq qqqiq qq qqqiqqq q q q iq q q qqqiq qq qqqiqqq qqqiqqq q q q iq q q qqqiqqq



business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 qqqiqqq




LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations
qqqiqqq of business ethics q q q i q q q qqqiqqq qqqiqqq qqqiqqq q q q iq q q q q q i q q q qqqiqqq qqqiqqq q



from an organizational perspective. qqiqqq qqqiqqq qqqiqqq q q q i q q q




NATIONAL STANDARDS: United States - BUSPROG:
q q q i Ethics
q q q qqqiqqq qqqiqqq q q q i q q q qqqiqqq qqqiqqq qqqiqqq q q q i q q q




STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities
q q q i q q q - Ethical qqqiqqq q q q iq q q qqqiqqq qqqiqqq qqqiqqq qqq i q q q qqqiqqq q q q i q q q qqqiqqq qqqiqqq



Responsibilities
KEYWORDS: Blooms: Knowledge qqqiqqq