Business Ethics: Ethical Decision Making and Cases, 13th Edition - 9780357513361

TEST BANK 64




Business64Ethics64Ethical64Decision64Making64and64Cases,6413th64Editi
on
By64O.64C.64Ferrell,64John64Fraedrich,64All64Chapters64164-
12
64

,TABLE64OF64CONTENTS64


Part641:64An64Overview64of64Business64Ethics6 4 1:64Th
e64Importance64of64Business64Ethics
2:64Stakeholder64Relationships,64Social64Responsibility,64and64Corporate64Governance6 4 3:64Sustainabili
ty:64Ethical64and64Social64Responsibility64Dimensions
Part642:64Ethical64Issues64and64the64Institutionalization64of64Business64Ethics6 4 4:64The64Instit
utionalization64of64Business64Ethics
5:64Emerging64Business64Ethics64Issues6464Part643:64
The64Decision-
Making64Process6 4 6:64Ethical64Decision64Making
7:64Individual64Factors:64Moral64Philosophies64and64Values
8:64Organizational64Factors:64The64Role64of64Ethical64Culture64and64Relationships6464Part644:64Imple
menting64Business64Ethics64in64a64Global64Economy
9:64Developing64and64Implementing64an64Effective64Ethics64Program6 4 10:64Global64
Business64Ethics64Issues
11:64Ethical64Leadership
12:64Technology:64Ethics64and64Social64Responsibility64Issues

,1:64The64Importance64of64Business64Ethics

1. Principles64are
a. laws64and64regulations64that64guide64behavior64in64the64world64of64business.
b. mores,64values,64and64customs64that64guide64behavior64in64general.
c. specific64and64pervasive64boundaries64 for64behavior64that64are64universal64and64absolute.
d. the64obligations64businesses64assume64to64maximize64their64positive64impact64and64minimize64the
ir64negative64impact64on6 4 stakeholders.
e. the64mores,64values,64and64customs64that64parents64teach64their64children.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.645
LEARNING64OBJECTIVES:6 4 LO:641-164-
64Explore64conceptualizations64 of64business64ethics64from64an64organizational6
4 perspective.

NATIONAL64 STANDARDS:646464 United64States64-64BUSPROG:64 Ethics
STATE6 4 STANDARDS: United64States64-64NONE64-64DISC:64Ethical64Responsibilities64 -
64Ethical64Responsibilities

KEYWORDS: Blooms:64Comprehension

2. Social64responsibility64is
a. an64organization's64 obligation64to64maximize64its64positive64effects64and64minimize64its64negative64effec
ts64on64stakeholders.
b. principles64and64standards64that64guide64behavior64in64the64world64of64business.
c. a64business's64responsibility64 not64to64pollute64the64environment.
d. a64business's64responsibility64to64manufacture64products64that64function64properly.
e. charitable64contributions64 made64by64a64business64to64enhance64its64image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.6423
LEARNING64 OBJECTIVES:6464 LO:641-464-
64Gain64insight64into64the64extent64of64ethical64misconduct64in64the64workplace
64and64the6 4 pressures64for64unethical64behavior.

NATIONAL64 STANDARDS:646464 United64States64-64BUSPROG:64 Ethics
STATE6 4 STANDARDS: United64States64-64NONE64-64DISC:64Ethical64Responsibilities64 -
64Ethical64Responsibilities

KEYWORDS: Blooms:64Knowledge

, 3. The
was/were64enacted64to64restore64confidence64in64financial64reporting64and64business64ethics64after64
the64accounting6 4 scandals64of64the64early642000s.
a. Defense64Industry64Initiative64on64Business64Ethics64and64Conduct
b. Sarbanes-Oxley64 Act
c. Federal64Sentencing64Guidelines64for64Organizations
d. Foreign64Corrupt64Practices64 Act
e. Dodd-Frank64Wall64Street64Reform64and64Consumer64Protection64Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.6413
LEARNING64OBJECTIVES:6464LO:641-264-
64Examine64the64historical64foundations64and64evolution64of64business64ethics.

NATIONAL64 STANDARDS:646464 United64States64-64BUSPROG:64 Ethics
STATE6 4 STANDARDS: United64States64-64NONE64-64DISC:64Ethical64Responsibilities64 -
64Ethical64Responsibilities

KEYWORDS: Blooms:64Knowledge

4. The64term64 business6 4 ethics64 is64best64described64by64the64following64 statement:
a. It64is64the64study64and64philosophy64of64human64conduct,64with64an64emphasis64on64determining64right6
4and64wrong.

b. It64is64an64"inquiry64into64the64nature64and64grounds64of64morality64where64the64term64morali
ty64is64taken64to64mean64moral6 4 judgments,64standards64and64rules64of64conduct."
c. It64is64the64"study64of64the64general64nature64of64morals64and64of64specific64moral64choices;64moral6
4philosophy;64and64the64rules64or6 4 standards64governing64the64conduct64of64the64members64of64a
64profession."

d. It64is64an64organization's64obligation64to64maximize64its64positive64effects64and64minimize6
4its64negative64effects64on6 4 stakeholders.

e. It64comprises64the64principles,64values,64and64standards64that64guide64behavior64in64the64world64of64b
usiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.645
LEARNING64OBJECTIVES:6 4 LO:641-164-
64Explore64conceptualizations64 of64business64ethics64from64an64organization
al6 4 perspective.
NATIONAL64 STANDARDS:646464 United64States64-64BUSPROG:64 Ethics
STATE6 4 STANDARDS: United64States64-64NONE64-64DISC:64Ethical64Responsibilities64 -
64Ethical64Responsibilities

KEYWORDS: Blooms:64Knowledge