SOLUTION MANUAL n
Business Law: Text & Exercises (MindTap Course List)
n n n n n n n
10th Edition by Roger LeRoy Miller, William E.
n n n n n n n
Hollowell
n
n Chapters 1 - 43, Complete
n n n n
1
website, nin nwhole nor nin
npart.
,Chapter 1 n
Table of Contents
n n
Purpose nand nPerspective nof nthe nChapter ........................................................................................ 2
Cengage nSupplements ......................................................................................................................... 2
List nof nStudent nDownloads ............................................................................................................ 2
Chapter nObjectives............................................................................................................................... 2
Key nTerms ............................................................................................................................................ 2
What's nNew nin nThis nChapter ............................................................................................................ 3
Chapter nOutline ................................................................................................................................... 4
Discussion nQuestions .......................................................................................................................... 8
Additional nResources ........................................................................................................................ 10
Cengage nVideo nResources ............................................................................................................ 10
Appendix............................................................................................................................................. 10
Generic nRubrics .............................................................................................................................. 10
Standard nWriting nRubric .............................................................................................................. 10
Standard nDiscussion nRubric ......................................................................................................... 12
2
website, nin nwhole nor nin
npart.
,Purpose and Perspective of the Chapter
n n n n n
The npurpose nof nthis nchapter nis nto nexamine nthe nrelationship nbetween nlaw nand nethics. nThe
nchaptern
presents nissues ninvolved nto ndetermining nthe nethical nresponsibilities nof nbusinesses
nand nprovides nstudents na nframework nfor nanalyzing nand nmaking nethical ndecisions.
Cengage Supplements n
The nfollowing nproduct-level nsupplements nprovide nadditional ninformation nthat nmay nhelp
nyou ninn
preparing nyour ncourse. nThey nare navailable nin nthe nInstructor nResource nCenter.
• PowerPoint nDeck
List of Student Downloads
n n n
Students nshould ndownload nthe nfollowing nitems nfrom nthe nStudent nCompanion nCenter nto
ncompletenthe nactivities nand nassignments nrelated nto nthis nchapter:
• PowerPoint nDeck n(without nteaching nnotes, nactivities, nor nanswers)
Chapter Objectives n
The nfollowing nobjectives nare naddressed nin nthis nchapter:
1. Discuss nhow nbusiness ncan ndiscourage nunethical nbehavior
2. Explain nthe nrelationship nbetween nlaw nand nethics
3. Compare nduty-based nethics nand nutilitarian nethics
4. Identify nethical nproblems nin nthe nglobal ncontext
Key Termsn
business nethics: nEthics nin na nbusiness ncontext; na nconsensus nof nwhat nconstitutes nright nor
nwrong nbehavior nin nthe nworld nof n business nand nthe napplication nof nmoral nprinciples nto
nsituations nthat narisenin na nbusiness nsetting.
categorical nimperative: nA nconcept ndeveloped nby nthe nphilosopher nImmanuel nKant nas nan
nethicalnguideline nfor nbehavior. nIn ndeciding nwhether nan naction nis nright nor nwrong, nor
ndesirable nor nundesirable, na nperson nshould nevaluate nthe naction nin nterms nof nwhat nwould
nhappen nif neverybody nelse nin nthe nsame nsituation, nor ncategory, nacted nthe nsame nway.
corporate nsocial nresponsibility n(CSR): nThe nconcept nthat ncorporations ncan nand
nshould nactn ethically nand nbe naccountable nto nsociety nfor ntheir nactions.
cost-benefit nanalysis: nA ndecision-making ntechnique nthat ninvolves nweighing nthe ncosts nof na
ngivennaction nagainst nthe nbenefits nof nthe naction.
duty-based nethics: nAn nethical nphilosophy nrooted nin nthe nidea nthat nevery nperson nhas ncertain
ndutiesnto nothers, nincluding nboth nhumans nand nthe nplanet. nThose nduties nmay nbe nderived
nfrom nreligious nprinciples nor nfrom nother nphilosophical nreasoning.
ethical nreasoning: nA nreasoning nprocess nin nwhich nan nindividual nlinks nhis nor nher nmoral
nconvictions nor nethical nstandards nto nthe nparticular nsituation nat nhand.
3
website, nin nwhole nor nin
npart.
, ethics: nMoral nprinciples nand nvalues napplied nto nsocial nbehavior.
moral nminimum: nThe nminimum ndegree nof nethical nbehavior nexpected nof na nbusiness nfirm,
nwhich nisn usually ndefined nas ncompliance nwith nthe nlaw.
outcome-based nethics: nAn nethical nphilosophy nthat nfocuses non nthe nimpacts nof na
ndecision nonn society nor non nkey nstakeholders.
outsourcing: nThe npractice nby nwhich na ncompany nhires nan noutside nfirm nor nindividual nto
nperformn work nrather nthan nhiring nemployees.
principle nof nrights: nThe nprinciple nthat nhuman nbeings nhave ncertain nfundamental nrights
n(to nlife,n
freedom, nand nthe npursuit nof nhappiness, nfor nexample). nA nkey nfactor nin
ndetermining nwhether na nbusiness ndecision nis nethical nunder nthis ntheory nis nhow nthat
ndecision naffects nthe n rights nof nothers,n
such nas nemployees, nconsumers, nsuppliers, nand nthe
ncommunity.
stakeholders: nGroups, nother nthan nthe ncompany’s nshareholders, nthat nare naffected nby
ncorporate ndecisions. nStakeholders ninclude nemployees, ncustomers, ncreditors, nsuppliers,
nand nthe ncommunityn in nwhich nthe ncorporation noperates.
triple nbottom nline: nThe nidea nthat ninvestors nand nothers nshould nconsider nnot nonly ncorporate
profits, nbut nalso nthe ncorporation’s nimpact non npeople nand non nthe nplanet nin nassessing nthe
nfirm. n(Then bottom nline nis npeople, nplanet, nand nprofits.)
utilitarianism: nAn napproach nto nethical nreasoning nin nwhich nethically ncorrect nbehavior nis
nrelated nton an nevaluation nof nthe nconsequences nof na ngiven naction non nthose nwho nwill nbe
naffected nby nit. nIn
utilitarian nreasoning, na n―good‖ ndecision nis none nthat nresults nin nthe ngreatest ngood nfor nthe
ngreatest nnumber nof npeople naffected n by nthe ndecision.
[return nto ntop]
What's New in This Chapter
n n n n
The nfollowing nelements nare nimprovements nin nthis nchapter nfrom nthe nprevious nedition:
• New nchapter ntitle nand nchapter-opening nintroduction nscenario ndiscussing
nrecentn
technology nscandal ninvolving nfinger-prick nblood ntest nkits
• New nchapter norganization nand nsubheads nthroughout n(including nnew nheadings nfor
―outsourcing‖ nand n―corruption‖)
• New nsection non nMaking nEthical nBusiness nDecisions nand nnew nmaterials non nSystematic
Approach: nIDDR n(―I ndesire nto ndo nright‖) nthat nwill nbe nused nthroughout nthe ntext nto
nanalyze nethics, nincluding nin nall nof nthe nnew n―A nQuestion nof nEthics‖ nproblems nin
nthe nremaining nchapters.
o New n―Application nof nthe nIDDR nApproach‖ nsubsection nwith nstep-by-step
ndiscussionn and nsample nscenario.
• 1 nNew nExhibit n3–1: nAn nAnalysis nof nEthical nApproaches nto nthe
nSamplenDilemma n(for nnew nIDDR nApproach)
o 1 nNew nTerm n& nConcept
• outsourcing
• 1 nNew nEthics nToday nfeature—
4
website, nin nwhole nor nin
npart.
Business Law: Text & Exercises (MindTap Course List)
n n n n n n n
10th Edition by Roger LeRoy Miller, William E.
n n n n n n n
Hollowell
n
n Chapters 1 - 43, Complete
n n n n
1
website, nin nwhole nor nin
npart.
,Chapter 1 n
Table of Contents
n n
Purpose nand nPerspective nof nthe nChapter ........................................................................................ 2
Cengage nSupplements ......................................................................................................................... 2
List nof nStudent nDownloads ............................................................................................................ 2
Chapter nObjectives............................................................................................................................... 2
Key nTerms ............................................................................................................................................ 2
What's nNew nin nThis nChapter ............................................................................................................ 3
Chapter nOutline ................................................................................................................................... 4
Discussion nQuestions .......................................................................................................................... 8
Additional nResources ........................................................................................................................ 10
Cengage nVideo nResources ............................................................................................................ 10
Appendix............................................................................................................................................. 10
Generic nRubrics .............................................................................................................................. 10
Standard nWriting nRubric .............................................................................................................. 10
Standard nDiscussion nRubric ......................................................................................................... 12
2
website, nin nwhole nor nin
npart.
,Purpose and Perspective of the Chapter
n n n n n
The npurpose nof nthis nchapter nis nto nexamine nthe nrelationship nbetween nlaw nand nethics. nThe
nchaptern
presents nissues ninvolved nto ndetermining nthe nethical nresponsibilities nof nbusinesses
nand nprovides nstudents na nframework nfor nanalyzing nand nmaking nethical ndecisions.
Cengage Supplements n
The nfollowing nproduct-level nsupplements nprovide nadditional ninformation nthat nmay nhelp
nyou ninn
preparing nyour ncourse. nThey nare navailable nin nthe nInstructor nResource nCenter.
• PowerPoint nDeck
List of Student Downloads
n n n
Students nshould ndownload nthe nfollowing nitems nfrom nthe nStudent nCompanion nCenter nto
ncompletenthe nactivities nand nassignments nrelated nto nthis nchapter:
• PowerPoint nDeck n(without nteaching nnotes, nactivities, nor nanswers)
Chapter Objectives n
The nfollowing nobjectives nare naddressed nin nthis nchapter:
1. Discuss nhow nbusiness ncan ndiscourage nunethical nbehavior
2. Explain nthe nrelationship nbetween nlaw nand nethics
3. Compare nduty-based nethics nand nutilitarian nethics
4. Identify nethical nproblems nin nthe nglobal ncontext
Key Termsn
business nethics: nEthics nin na nbusiness ncontext; na nconsensus nof nwhat nconstitutes nright nor
nwrong nbehavior nin nthe nworld nof n business nand nthe napplication nof nmoral nprinciples nto
nsituations nthat narisenin na nbusiness nsetting.
categorical nimperative: nA nconcept ndeveloped nby nthe nphilosopher nImmanuel nKant nas nan
nethicalnguideline nfor nbehavior. nIn ndeciding nwhether nan naction nis nright nor nwrong, nor
ndesirable nor nundesirable, na nperson nshould nevaluate nthe naction nin nterms nof nwhat nwould
nhappen nif neverybody nelse nin nthe nsame nsituation, nor ncategory, nacted nthe nsame nway.
corporate nsocial nresponsibility n(CSR): nThe nconcept nthat ncorporations ncan nand
nshould nactn ethically nand nbe naccountable nto nsociety nfor ntheir nactions.
cost-benefit nanalysis: nA ndecision-making ntechnique nthat ninvolves nweighing nthe ncosts nof na
ngivennaction nagainst nthe nbenefits nof nthe naction.
duty-based nethics: nAn nethical nphilosophy nrooted nin nthe nidea nthat nevery nperson nhas ncertain
ndutiesnto nothers, nincluding nboth nhumans nand nthe nplanet. nThose nduties nmay nbe nderived
nfrom nreligious nprinciples nor nfrom nother nphilosophical nreasoning.
ethical nreasoning: nA nreasoning nprocess nin nwhich nan nindividual nlinks nhis nor nher nmoral
nconvictions nor nethical nstandards nto nthe nparticular nsituation nat nhand.
3
website, nin nwhole nor nin
npart.
, ethics: nMoral nprinciples nand nvalues napplied nto nsocial nbehavior.
moral nminimum: nThe nminimum ndegree nof nethical nbehavior nexpected nof na nbusiness nfirm,
nwhich nisn usually ndefined nas ncompliance nwith nthe nlaw.
outcome-based nethics: nAn nethical nphilosophy nthat nfocuses non nthe nimpacts nof na
ndecision nonn society nor non nkey nstakeholders.
outsourcing: nThe npractice nby nwhich na ncompany nhires nan noutside nfirm nor nindividual nto
nperformn work nrather nthan nhiring nemployees.
principle nof nrights: nThe nprinciple nthat nhuman nbeings nhave ncertain nfundamental nrights
n(to nlife,n
freedom, nand nthe npursuit nof nhappiness, nfor nexample). nA nkey nfactor nin
ndetermining nwhether na nbusiness ndecision nis nethical nunder nthis ntheory nis nhow nthat
ndecision naffects nthe n rights nof nothers,n
such nas nemployees, nconsumers, nsuppliers, nand nthe
ncommunity.
stakeholders: nGroups, nother nthan nthe ncompany’s nshareholders, nthat nare naffected nby
ncorporate ndecisions. nStakeholders ninclude nemployees, ncustomers, ncreditors, nsuppliers,
nand nthe ncommunityn in nwhich nthe ncorporation noperates.
triple nbottom nline: nThe nidea nthat ninvestors nand nothers nshould nconsider nnot nonly ncorporate
profits, nbut nalso nthe ncorporation’s nimpact non npeople nand non nthe nplanet nin nassessing nthe
nfirm. n(Then bottom nline nis npeople, nplanet, nand nprofits.)
utilitarianism: nAn napproach nto nethical nreasoning nin nwhich nethically ncorrect nbehavior nis
nrelated nton an nevaluation nof nthe nconsequences nof na ngiven naction non nthose nwho nwill nbe
naffected nby nit. nIn
utilitarian nreasoning, na n―good‖ ndecision nis none nthat nresults nin nthe ngreatest ngood nfor nthe
ngreatest nnumber nof npeople naffected n by nthe ndecision.
[return nto ntop]
What's New in This Chapter
n n n n
The nfollowing nelements nare nimprovements nin nthis nchapter nfrom nthe nprevious nedition:
• New nchapter ntitle nand nchapter-opening nintroduction nscenario ndiscussing
nrecentn
technology nscandal ninvolving nfinger-prick nblood ntest nkits
• New nchapter norganization nand nsubheads nthroughout n(including nnew nheadings nfor
―outsourcing‖ nand n―corruption‖)
• New nsection non nMaking nEthical nBusiness nDecisions nand nnew nmaterials non nSystematic
Approach: nIDDR n(―I ndesire nto ndo nright‖) nthat nwill nbe nused nthroughout nthe ntext nto
nanalyze nethics, nincluding nin nall nof nthe nnew n―A nQuestion nof nEthics‖ nproblems nin
nthe nremaining nchapters.
o New n―Application nof nthe nIDDR nApproach‖ nsubsection nwith nstep-by-step
ndiscussionn and nsample nscenario.
• 1 nNew nExhibit n3–1: nAn nAnalysis nof nEthical nApproaches nto nthe
nSamplenDilemma n(for nnew nIDDR nApproach)
o 1 nNew nTerm n& nConcept
• outsourcing
• 1 nNew nEthics nToday nfeature—
4
website, nin nwhole nor nin
npart.
