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

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


Part vc1: vcAn vcOverview vcof vcBusiness vcEthics v c 1: vcThe
Importance vcof vcBusiness vcEthics
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2: vcStakeholder vcRelationships, vcSocial vcResponsibility, vcand vcCorporate vcGovernance v c 3: vcSustainability:
Ethical vcand vcSocial vcResponsibility vcDimensions
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Part vc2: vcEthical vcIssues vcand vcthe vcInstitutionalization vcof vcBusiness vcEthics v c 4: vcThe
Institutionalization vcof vcBusiness vcEthics
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5: vcEmerging vcBusiness vcEthics vcIssues vc vcPart vc3: vcThe
Decision-Making vcProcess v c 6: vcEthical vcDecision
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Making
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7: vcIndividual vcFactors: vcMoral vcPhilosophies vcand vcValues
8: vcOrganizational vcFactors: vcThe vcRole vcof vcEthical vcCulture vcand vcRelationships vc vcPart vc4: vcImplementing
Business vcEthics vcin vca vcGlobal vcEconomy
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9: vcDeveloping vcand vcImplementing vcan vcEffective vcEthics vcProgram vc 10: vcGlobal
Business vcEthics vcIssues
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11: vcEthical vcLeadership
12: vcTechnology: vcEthics vcand vcSocial vcResponsibility vcIssues

,1: vcThe vcImportance vcof vcBusiness vcEthics

1. Principles vcare
a. laws vcand vcregulations vcthat vcguide vcbehavior vcin vcthe vcworld vcof vcbusiness.
b. mores, vcvalues, vcand vccustoms vcthat vcguide vcbehavior vcin vcgeneral.
c. specific vcand vcpervasive vcboundaries vcfor vcbehavior vcthat vcare vcuniversal vcand vcabsolute.
d. the vcobligations vcbusinesses vcassume vcto vcmaximize vctheir vcpositive vcimpact vcand vcminimize vctheir
negative vcimpact vcon v c stakeholders.
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e. the vcmores, vcvalues, vcand vccustoms vcthat vcparents vcteach vctheir vcchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. vc5
LEARNING vcOBJECTIVES:v c LO: vc1-1 vc- vcExplore vcconceptualizations vc of vcbusiness vcethics vcfrom vcan

vcorganizational v c perspective.

NATIONAL v c STANDARDS: vc vc vcUnited vcStates vc- vcBUSPROG: v c Ethics
STATE v c STANDARDS: United vcStates vc- vcNONE vc- vcDISC: vcEthical vcResponsibilities vc - vcEthical
vcResponsibilities

KEYWORDS: Blooms: vcComprehension

2. Social vcresponsibility vcis
a. an vcorganization's vcobligation vcto vcmaximize vcits vcpositive vceffects vcand vcminimize vcits vcnegative vceffects vcon
stakeholders.
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b. principles vcand vcstandards vcthat vcguide vcbehavior vcin vcthe vcworld vcof vcbusiness.
c. a vcbusiness's vcresponsibility vcnot vcto vcpollute vcthe vcenvironment.
d. a vcbusiness's vcresponsibility vcto vcmanufacture vcproducts vcthat vcfunction vcproperly.
e. charitable vccontributions vcmade vcby vca vcbusiness vcto vcenhance vcits vcimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. vc23
LEARNING v c OBJECTIVES: vc v c LO: vc1-4 vc- vcGain vcinsight vcinto vcthe vcextent vcof vcethical vcmisconduct vcin vcthe
vcworkplace vcand vcthe v c pressures vcfor vcunethical vcbehavior.

NATIONAL v c STANDARDS: vc vc vcUnited vcStates vc- vcBUSPROG: v c Ethics
STATE v c STANDARDS: United vcStates vc- vcNONE vc- vcDISC: vcEthical vcResponsibilities vc - vcEthical
vcResponsibilities

KEYWORDS: Blooms: vcKnowledge

, 3. The was/were vcenacted vcto vcrestore vcconfidence vcin vcfinancial vcreporting vcand vcbusiness vcethics
vcafter vcthe vcaccounting v c scandals vcof vcthe vcearly vc2000s.

a. Defense vcIndustry vcInitiative vcon vcBusiness vcEthics vcand vcConduct
b. Sarbanes-Oxley vcAct
c. Federal vcSentencing vcGuidelines vcfor vcOrganizations
d. Foreign vcCorrupt vcPractices vc Act
e. Dodd-Frank vcWall vcStreet vcReform vcand vcConsumer vcProtection vcAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. vc13
LEARNING vcOBJECTIVES: vc vcLO: vc1-2 vc- vcExamine vcthe vchistorical vcfoundations vcand vcevolution vcof vcbusiness
vcethics.

NATIONAL v c STANDARDS: vc vc vcUnited vcStates vc- vcBUSPROG: v c Ethics
STATE v c STANDARDS: United vcStates vc- vcNONE vc- vcDISC: vcEthical vcResponsibilities vc - vcEthical
vcResponsibilities

KEYWORDS: Blooms: vcKnowledge

4. The vcterm vcbusiness v c ethics v c is vcbest vcdescribed vcby vcthe vcfollowing vcstatement:
a. It vcis vcthe vcstudy vcand vcphilosophy vcof vchuman vcconduct, vcwith vcan vcemphasis vcon vcdetermining vcright vcand
vcwrong.
b. It vcis vcan vc"inquiry vcinto vcthe vcnature vcand vcgrounds vcof vcmorality vcwhere vcthe vcterm vcmorality vcis
vctaken vcto vcmean vcmoral v c judgments, vcstandards vcand vcrules vcof vcconduct."

c. It vcis vcthe vc"study vcof vcthe vcgeneral vcnature vcof vcmorals vcand vcof vcspecific vcmoral vcchoices; vcmoral
vcphilosophy; vcand vcthe vcrules vcor v c standards vcgoverning vcthe vcconduct vcof vcthe vcmembers vcof vca

vcprofession."

d. It vcis vcan vcorganization's vcobligation vcto vcmaximize vcits vcpositive vceffects vcand vcminimize vcits
vcnegative vceffects vcon v c stakeholders.

e. It vccomprises vcthe vcprinciples, vcvalues, vcand vcstandards vcthat vcguide vcbehavior vcin vcthe vcworld vcof vcbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. vc5
LEARNING vcOBJECTIVES:v c LO: vc1-1 vc- vcExplore vcconceptualizations vc of vcbusiness vcethics vcfrom vcan

vcorganizational v c perspective.

NATIONAL v c STANDARDS: vc vc vcUnited vcStates vc- vcBUSPROG: v c Ethics
STATE v c STANDARDS: United vcStates vc- vcNONE vc- vcDISC: vcEthical vcResponsibilities vc - vcEthical
vcResponsibilities

KEYWORDS: Blooms: vcKnowledge