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

TEST BANK ty




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 ty ty ty




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 tyare
a. laws tyand tyregulations tythat tyguide tybehavior tyin tythe tyworld tyof tybusiness.
b. mores, tyvalues, tyand tycustoms tythat tyguide tybehavior tyin tygeneral.
c. specific tyand typervasive tyboundaries tyfor tybehavior tythat tyare tyuniversal tyand tyabsolute.
d. the tyobligations tybusinesses tyassume tyto tymaximize tytheir typositive tyimpact tyand tyminimize tytheir tynegative tyimpact
tyon tystakeholders.

e. the tymores, tyvalues, tyand tycustoms tythat typarents tyteach tytheir tychildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ty5
LEARNING tyOBJECTIVES: t y LO: ty1-1 ty- tyExplore tyconceptualizations tyof tybusiness tyethics tyfrom tyan tyorganizational
typerspective.

NATIONAL t y STANDARDS: t y t y United tyStates ty- tyBUSPROG: t y Ethics
STATE t y STANDARDS: United tyStates ty- tyNONE ty- tyDISC: tyEthical tyResponsibilities ty - tyEthical tyResponsibilities
KEYWORDS: Blooms: tyComprehension

2. Social tyresponsibility tyis
a. an tyorganization's ty obligation tyto tymaximize tyits typositive tyeffects tyand tyminimize tyits tynegative tyeffects tyon tystakeholders.
b. principles tyand tystandards tythat tyguide tybehavior tyin tythe tyworld tyof tybusiness.
c. a tybusiness's tyresponsibility ty not tyto typollute tythe tyenvironment.
d. a tybusiness's tyresponsibility tyto tymanufacture typroducts tythat tyfunction typroperly.
e. charitable tycontributions tymade tyby tya tybusiness tyto tyenhance tyits tyimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. ty23
LEARNING t y OBJECTIVES: t y LO: ty1-4 ty- tyGain tyinsight tyinto tythe tyextent tyof tyethical tymisconduct tyin tythe tyworkplace
tyand tythe typressures tyfor tyunethical tybehavior.

NATIONAL t y STANDARDS: t y t y United tyStates ty- tyBUSPROG: t y Ethics
STATE t y STANDARDS: United tyStates ty- tyNONE ty- tyDISC: tyEthical tyResponsibilities ty - tyEthical tyResponsibilities
KEYWORDS: Blooms: tyKnowledge

, 3. The ty was/were tyenacted tyto tyrestore tyconfidence tyin tyfinancial tyreporting tyand tybusiness tyethics tyafter tythe
accounting tyscandals tyof tythe tyearly ty2000s.
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a. Defense tyIndustry tyInitiative tyon tyBusiness tyEthics tyand tyConduct
b. Sarbanes-Oxley ty Act
c. Federal tySentencing tyGuidelines tyfor tyOrganizations
d. Foreign tyCorrupt tyPractices ty Act
e. Dodd-Frank ty Wall tyStreet tyReform tyand tyConsumer tyProtection tyAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ty13
LEARNING tyOBJECTIVES: t y LO: ty1-2 ty- tyExamine tythe tyhistorical tyfoundations tyand tyevolution tyof tybusiness tyethics.
NATIONAL t y STANDARDS: t y t y United tyStates ty- tyBUSPROG: t y Ethics
STATE t y STANDARDS: United tyStates ty- tyNONE ty- tyDISC: tyEthical tyResponsibilities ty - tyEthical tyResponsibilities
KEYWORDS: Blooms: tyKnowledge

4. The tyterm ty business t y ethics t y is tybest tydescribed ty by tythe tyfollowing ty statement:
a. It tyis tythe tystudy tyand typhilosophy tyof tyhuman tyconduct, tywith tyan tyemphasis tyon tydetermining tyright tyand tywrong.
b. It tyis tyan ty"inquiry tyinto tythe tynature tyand tygrounds tyof tymorality tywhere tythe tyterm tymorality tyis tytaken tyto
tymean tymoral tyjudgments, tystandards tyand tyrules tyof tyconduct."

c. It tyis tythe ty"study tyof tythe tygeneral tynature tyof tymorals tyand tyof tyspecific tymoral tychoices; tymoral typhilosophy; tyand
tythe tyrules tyor tystandards tygoverning tythe tyconduct tyof tythe tymembers tyof tya typrofession."

d. It tyis tyan tyorganization's tyobligation tyto tymaximize tyits typositive tyeffects tyand tyminimize tyits tynegative tyeffects
tyon tystakeholders.

e. It tycomprises tythe typrinciples, tyvalues, tyand tystandards tythat tyguide tybehavior tyin tythe tyworld tyof tybusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. ty5
LEARNING tyOBJECTIVES: t y LO: ty1-1 ty- tyExplore tyconceptualizations tyof tybusiness tyethics tyfrom tyan tyorganizational
typerspective.

NATIONAL t y STANDARDS: t y t y United tyStates ty- tyBUSPROG: t y Ethics
STATE t y STANDARDS: United tyStates ty- tyNONE ty- tyDISC: tyEthical tyResponsibilities ty - tyEthical tyResponsibilities
KEYWORDS: Blooms: tyKnowledge