Test Bank For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Ferrell

TEST BANKg




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 g g g




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 gare
a. laws gand gregulations gthat gguide gbehavior gin gthe gworld gof gbusiness.
b. mores, gvalues, gand gcustoms gthat gguide gbehavior gin ggeneral.
c. specific gand gpervasive gboundaries gfor gbehavior gthat gare guniversal gand gabsolute.
d. the gobligations gbusinesses gassume gto gmaximize gtheir gpositive gimpact gand gminimize gtheir gnegative gimpact gon
gstakeholders.

e. the gmores, gvalues, gand gcustoms gthat gparents gteach gtheir gchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. g5
LEARNING gOBJECTIVES: g LO: g1-1 g- gExplore gconceptualizations gof gbusiness gethics gfrom gan gorganizational
gperspective.

NATIONAL g STANDARDS: g g United gStates g- gBUSPROG: g Ethics
STATE g STANDARDS: United gStates g- gNONE g- gDISC: gEthical gResponsibilities g- gEthical gResponsibilities
KEYWORDS: Blooms: gComprehension

2. Social gresponsibility gis
a. an gorganization's g obligation gto gmaximize gits gpositive geffects gand gminimize gits gnegative geffects gon gstakeholders.
b. principles gand gstandards gthat gguide gbehavior gin gthe gworld gof gbusiness.
c. a gbusiness's gresponsibility g not gto gpollute gthe genvironment.
d. a gbusiness's gresponsibility gto gmanufacture gproducts gthat gfunction gproperly.
e. charitable gcontributions gmade gby ga gbusiness gto genhance gits gimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. g23
LEARNING g OBJECTIVES: g LO: g1-4 g- gGain ginsight ginto gthe gextent gof gethical gmisconduct gin gthe gworkplace gand gthe
gpressures gfor gunethical gbehavior.

NATIONAL g STANDARDS: g g United gStates g- gBUSPROG: g Ethics
STATE g STANDARDS: United gStates g- gNONE g- gDISC: gEthical gResponsibilities g- gEthical gResponsibilities
KEYWORDS: Blooms: gKnowledge

, 3. The g was/were genacted gto grestore gconfidence gin gfinancial greporting gand gbusiness gethics gafter gthe
gaccounting gscandals gof gthe gearly g2000s.
a. Defense gIndustry gInitiative gon gBusiness gEthics gand gConduct
b. Sarbanes-Oxley gAct
c. Federal gSentencing gGuidelines gfor gOrganizations
d. Foreign gCorrupt gPractices gAct
e. Dodd-Frank gWall gStreet gReform gand gConsumer gProtection gAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. g13
LEARNING gOBJECTIVES: g LO: g1-2 g- gExamine gthe ghistorical gfoundations gand gevolution gof gbusiness gethics.
NATIONAL g STANDARDS: g g United gStates g- gBUSPROG: g Ethics
STATE g STANDARDS: United gStates g- gNONE g- gDISC: gEthical gResponsibilities g- gEthical gResponsibilities
KEYWORDS: Blooms: gKnowledge

4. The gterm gbusiness g ethics g is gbest gdescribed gby gthe gfollowing g statement:
a. It gis gthe gstudy gand gphilosophy gof ghuman gconduct, gwith gan gemphasis gon gdetermining gright gand gwrong.
b. It gis gan g"inquiry ginto gthe gnature gand ggrounds gof gmorality gwhere gthe gterm gmorality gis gtaken gto gmean
gmoral gjudgments, gstandards gand grules gof gconduct."

c. It gis gthe g"study gof gthe ggeneral gnature gof gmorals gand gof gspecific gmoral gchoices; gmoral gphilosophy; gand gthe
grules gor gstandards ggoverning gthe gconduct gof gthe gmembers gof ga gprofession."

d. It gis gan gorganization's gobligation gto gmaximize gits gpositive geffects gand gminimize gits gnegative geffects gon
gstakeholders.

e. It gcomprises gthe gprinciples, gvalues, gand gstandards gthat gguide gbehavior gin gthe gworld gof gbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. g5
LEARNING gOBJECTIVES: g LO: g1-1 g- gExplore gconceptualizations gof gbusiness gethics gfrom gan gorganizational
gperspective.

NATIONAL g STANDARDS: g g United gStates g- gBUSPROG: g Ethics
STATE g STANDARDS: United gStates g- gNONE g- gDISC: gEthical gResponsibilities g- gEthical gResponsibilities
KEYWORDS: Blooms: gKnowledge