Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Complete Newest Version

Business Law: Text & Exercises (MindTap Course List)
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SOLUTION MANUAL r




Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
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, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 r




Table of Contentsr r

Purpose rand rPerspective rof rthe rChapter .............................................................................................................. 2
Cengage rSupplements .................................................................................................................................................. 2
List rof rStudent rDownloads ..................................................................................................................................... 2
Chapter rObjectives ......................................................................................................................................................... 2
Key rTerms .......................................................................................................................................................................... 2
What's rNew rin rThis rChapter ....................................................................................................................................... 3
Chapter rOutline ............................................................................................................................................................... 4
Discussion rQuestions .................................................................................................................................................... 8
Additional rResources .................................................................................................................................................. 10
Cengage rVideo rResources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic rRubrics ........................................................................................................................................................ 10
Standard rWriting rRubric ....................................................................................................................................... 10
Standard rDiscussion rRubric................................................................................................................................. 12




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, Business Law: Text & Exercises (MindTap Course List)
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Purpose and Perspective of the Chapter
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The rpurpose rof rthis rchapter ris rto rexamine rthe rrelationship rbetween rlaw rand rethics. rThe
rchapterrpresents rissues rinvolved rto rdetermining rthe rethical rresponsibilities rof rbusinesses rand

rprovides rstudents ra rframework rfor ranalyzing rand rmaking rethical rdecisions.




Cengage Supplements r

The rfollowing rproduct-level rsupplements rprovide radditional rinformation rthat rmay rhelp ryou
rinrpreparing ryour rcourse. rThey rare ravailable rin rthe rInstructor rResource rCenter.


 PowerPoint rDeck

List of Student Downloads
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Students rshould rdownload rthe rfollowing ritems rfrom rthe rStudent rCompanion rCenter rto
rcompleterthe ractivities rand rassignments rrelated rto rthis rchapter:


 PowerPoint rDeck r(without rteaching rnotes, ractivities, ror ranswers)

Chapter Objectives r

The rfollowing robjectives rare raddressed rin rthis rchapter:

1. Discuss rhow rbusiness rcan rdiscourage runethical rbehavior

2. Explain rthe rrelationship rbetween rlaw rand rethics

3. Compare rduty-based rethics rand rutilitarian rethics

4. Identify rethical rproblems rin rthe rglobal rcontext

Key Terms r

business rethics: rEthics rin ra rbusiness rcontext; ra rconsensus rof rwhat rconstitutes rright ror rwrong
rbehavior rin rthe rworld rof rbusiness rand rthe rapplication rof rmoral rprinciples rto rsituations rthat

rariserin ra rbusiness rsetting.

categorical rimperative: rA rconcept rdeveloped rby rthe rphilosopher rImmanuel rKant ras ran
rethicalrguideline rfor rbehavior. rIn rdeciding rwhether ran raction ris rright ror rwrong, ror rdesirable

ror rundesirable, ra rperson rshould revaluate rthe raction rin rterms rof rwhat rwould rhappen rif

reverybody relse rin rthe rsame rsituation, ror rcategory, racted rthe rsame rway.

corporate rsocial rresponsibility r(CSR): rThe rconcept rthat rcorporations rcan rand rshould
ractrethically rand rbe raccountable rto rsociety rfor rtheir ractions.

cost-benefit ranalysis: rA rdecision-making rtechnique rthat rinvolves rweighing rthe rcosts rof ra
rgivenraction ragainst rthe rbenefits rof rthe raction.

duty-based rethics: rAn rethical rphilosophy rrooted rin rthe ridea rthat revery rperson rhas rcertain
rdutiesrto rothers, rincluding rboth rhumans rand rthe rplanet. rThose rduties rmay rbe rderived rfrom

rreligious rprinciples ror rfrom rother rphilosophical rreasoning.

ethical rreasoning: rA rreasoning rprocess rin rwhich ran rindividual rlinks rhis ror rher rmoral
rconvictionsror rethical rstandards rto rthe rparticular rsituation rat rhand.




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, Business Law: Text & Exercises (MindTap Course List)
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ethics: rMoral rprinciples rand rvalues rapplied rto rsocial rbehavior.
moral rminimum: rThe rminimum rdegree rof rethical rbehavior rexpected rof ra rbusiness rfirm, rwhich
risrusually rdefined ras rcompliance rwith rthe rlaw.

outcome-based rethics: rAn rethical rphilosophy rthat rfocuses ron rthe rimpacts rof ra rdecision
ronrsociety ror ron rkey rstakeholders.

outsourcing: rThe rpractice rby rwhich ra rcompany rhires ran routside rfirm ror rindividual rto
rperformrwork rrather rthan rhiring remployees.

principle rof rrights: rThe rprinciple rthat rhuman rbeings rhave rcertain rfundamental rrights r(to
rlife,rfreedom, rand rthe rpursuit rof rhappiness, rfor rexample). rA rkey rfactor rin rdetermining

rwhether ra rbusiness rdecision ris rethical runder rthis rtheory ris rhow rthat rdecision raffects rthe

rrights rof rothers,rsuch ras remployees, rconsumers, rsuppliers, rand rthe rcommunity.

stakeholders: rGroups, rother rthan rthe rcompany’s rshareholders, rthat rare raffected rby
rcorporate rdecisions. rStakeholders rinclude remployees, rcustomers, rcreditors, rsuppliers, rand

rthe rcommunityrin rwhich rthe rcorporation roperates.

triple rbottom rline: rThe ridea rthat rinvestors rand rothers rshould rconsider rnot ronly rcorporate
profits, rbut ralso rthe rcorporation’s rimpact ron rpeople rand ron rthe rplanet rin rassessing rthe rfirm.
r(Therbottom rline ris rpeople, rplanet, rand rprofits.)

utilitarianism: rAn rapproach rto rethical rreasoning rin rwhich rethically rcorrect rbehavior ris rrelated
rtoran revaluation rof rthe rconsequences rof ra rgiven raction ron rthose rwho rwill rbe raffected rby rit. rIn

utilitarian rreasoning, ra r―good‖ rdecision ris rone rthat rresults rin rthe rgreatest rgood rfor rthe rgreatest
rnumber rof rpeople raffected rby rthe rdecision.


[return rto rtop]


What's New in This Chapter
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The rfollowing relements rare rimprovements rin rthis rchapter rfrom rthe rprevious redition:

 New rchapter rtitle rand rchapter-opening rintroduction rscenario rdiscussing
rrecentrtechnology rscandal rinvolving rfinger-prick rblood rtest rkits
 New rchapter rorganization rand rsubheads rthroughout r(including rnew rheadings rfor
―outsourcing‖ rand r―corruption‖)
 New rsection ron rMaking rEthical rBusiness rDecisions rand rnew rmaterials ron rSystematic
Approach: rIDDR r(―I rdesire rto rdo rright‖) rthat rwill rbe rused rthroughout rthe rtext rto
ranalyze rethics, rincluding rin rall rof rthe rnew r―A rQuestion rof rEthics‖ rproblems rin rthe
rremaining rchapters.
o New r―Application rof rthe rIDDR rApproach‖ rsubsection rwith rstep-by-step
rdiscussionrand rsample rscenario.

 1 rNew rExhibit r3–1: rAn rAnalysis rof rEthical rApproaches rto rthe
r SamplerDilemma r(for rnew rIDDR rApproach)
o 1 rNew rTerm r& rConcept
 outsourcing
 1 rNew rEthics rToday rfeature—


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