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

TEST
nBANK
Business nEthics nEthical nDecision nMaking nand nCases,
n13th nEdition
By nO. nC. nFerrell, nJohn nFraedrich, nAll
nChapters n1 n- n12

,TABLE nOF nCONTENTS n


Part n1: nAn nOverview nof nBusiness nEthics
n 1: nThe nImportance nof nBusiness nEthics
2: nStakeholder nRelationships, nSocial nResponsibility, nand nCorporate nGovernance n 3:
nSustainability: nEthical nand nSocial nResponsibility nDimensions
Part n2: nEthical nIssues nand nthe nInstitutionalization nof nBusiness nEthics n 4:
nThe nInstitutionalization nof nBusiness nEthics
5: nEmerging nBusiness nEthics nIssues n nPart
n3: nThe nDecision-Making nProcess n 6:
nEthical nDecision nMaking
7: nIndividual nFactors: nMoral nPhilosophies nand nValues
8: nOrganizational nFactors: nThe nRole nof nEthical nCulture nand nRelationships n nPart n4:
nImplementing nBusiness nEthics nin na nGlobal nEconomy
9: nDeveloping nand nImplementing nan nEffective nEthics nProgram n 10:
nGlobal nBusiness nEthics nIssues
11: nEthical nLeadership
12: nTechnology: nEthics nand nSocial nResponsibility nIssues

,1: nThe nImportance nof nBusiness nEthics

1. Principles nare
a. laws nand nregulations nthat nguide nbehavior nin nthe nworld nof nbusiness.
b. mores, nvalues, nand ncustoms nthat nguide nbehavior nin ngeneral.
c. specific nand npervasive nboundaries nfor nbehavior nthat nare nuniversal nand nabsolute.
d. the nobligations nbusinesses nassume nto nmaximize ntheir npositive nimpact nand
nminimize ntheir nnegative nimpact non n stakeholders.
e. the nmores, nvalues, nand ncustoms nthat nparents nteach ntheir nchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom
nan norganizational n perspective.
NATIONAL nSTANDARDS: n n nUnited nStates n- nBUSPROG: nEthics
STATE nSTANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n- nEthical
nResponsibilities
KEYWORDS: Blooms: nComprehension

2. Social nresponsibility nis
a. an norganization's nobligation nto nmaximize nits npositive neffects nand nminimize nits nnegative
neffects non nstakeholders.
b. principles nand nstandards nthat nguide nbehavior nin nthe nworld nof nbusiness.
c. a nbusiness's nresponsibility nnot nto npollute nthe nenvironment.
d. a nbusiness's nresponsibility nto nmanufacture nproducts nthat nfunction nproperly.
e. charitable ncontributions nmade nby na nbusiness nto nenhance nits nimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. n23
LEARNING nOBJECTIVES: n nLO: n1-4 n- nGain ninsight ninto nthe nextent nof nethical
nmisconduct nin nthe nworkplace nand nthe n pressures nfor nunethical
nbehavior.
NATIONAL nSTANDARDS: n n nUnited nStates n- nBUSPROG: nEthics
STATE nSTANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n- nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge

, 3. The was/were nenacted nto nrestore nconfidence nin nfinancial nreporting nand nbusiness
nethics nafter nthe naccounting n scandals nof nthe nearly n2000s.
a. Defense nIndustry nInitiative non nBusiness nEthics nand nConduct
b. Sarbanes-Oxley nAct
c. Federal nSentencing nGuidelines nfor nOrganizations
d. Foreign nCorrupt nPractices nAct
e. Dodd-Frank nWall nStreet nReform nand nConsumer nProtection nAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n13
LEARNING nOBJECTIVES: n nLO: n1-2 n- nExamine nthe nhistorical nfoundations nand nevolution
nof nbusiness nethics.
NATIONAL nSTANDARDS: n n nUnited nStates n- nBUSPROG: nEthics
STATE nSTANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n- nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge

4. The nterm nbusiness nethics nis nbest ndescribed nby nthe nfollowing nstatement:
a. It nis nthe nstudy nand nphilosophy nof nhuman nconduct, nwith nan nemphasis non ndetermining
nright nand nwrong.
b. It nis nan n"inquiry ninto nthe nnature nand ngrounds nof nmorality nwhere nthe nterm
nmorality nis ntaken nto nmean nmoral n judgments, nstandards nand nrules nof
nconduct."
c. It nis nthe n"study nof nthe ngeneral nnature nof nmorals nand nof nspecific nmoral nchoices;
nmoral nphilosophy; nand nthe nrules nor n standards ngoverning nthe nconduct nof nthe
nmembers nof na nprofession."
d. It nis nan norganization's nobligation nto nmaximize nits npositive neffects nand
nminimize nits nnegative neffects non n stakeholders.
e. It ncomprises nthe nprinciples, nvalues, nand nstandards nthat nguide nbehavior nin nthe nworld
nof nbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. n5
LEARNING nOBJECTIVES: n LO: n1-1 n- nExplore nconceptualizations nof nbusiness nethics nfrom
nan norganizational n perspective.
NATIONAL nSTANDARDS: n n nUnited nStates n- nBUSPROG: nEthics
STATE nSTANDARDS: United nStates n- nNONE n- nDISC: nEthical nResponsibilities n- nEthical
nResponsibilities
KEYWORDS: Blooms: nKnowledge