Business ethics ethical decision making cases 10th edition by o c ferrell test bank

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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 b b b




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 bare
a. laws band bregulations bthat bguide bbehavior bin bthe bworld bof bbusiness.
b. mores, bvalues, band bcustoms bthat bguide bbehavior bin bgeneral.
c. specific band bpervasive bboundaries bfor bbehavior bthat bare buniversal band babsolute.
d. the bobligations bbusinesses bassume bto bmaximize btheir bpositive bimpact band bminimize btheir bnegative bimpact bon
bstakeholders.

e. the bmores, bvalues, band bcustoms bthat bparents bteach btheir bchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. b5
LEARNING bOBJECTIVES: b LO: b1-1 b- bExplore bconceptualizations b of bbusiness bethics bfrom ban borganizational
bperspective.

NATIONAL b STANDARDS: b b United bStates b- bBUSPROG: b Ethics
STATE b STANDARDS: United bStates b- bNONE b- bDISC: bEthical bResponsibilities b - bEthical bResponsibilities
KEYWORDS: Blooms: bComprehension

2. Social bresponsibility bis
a. an borganization's b obligation bto bmaximize bits bpositive beffects band bminimize bits bnegative beffects bon bstakeholders.
b. principles band bstandards bthat bguide bbehavior bin bthe bworld bof bbusiness.
c. a bbusiness's bresponsibility b not bto bpollute bthe benvironment.
d. a bbusiness's bresponsibility bto bmanufacture bproducts bthat bfunction bproperly.
e. charitable bcontributions bmade bby ba bbusiness bto benhance bits bimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. b23
LEARNING b OBJECTIVES: b LO: b1-4 b- bGain binsight binto bthe bextent bof bethical bmisconduct bin bthe bworkplace band bthe
bpressures bfor bunethical bbehavior.

NATIONAL b STANDARDS: b b United bStates b- bBUSPROG: b Ethics
STATE b STANDARDS: United bStates b- bNONE b- bDISC: bEthical bResponsibilities b - bEthical bResponsibilities
KEYWORDS: Blooms: bKnowledge

, 3. The b was/were benacted bto brestore bconfidence bin bfinancial breporting band bbusiness bethics bafter bthe
baccounting bscandals bof bthe bearly b2000s.
a. Defense bIndustry bInitiative bon bBusiness bEthics band bConduct
b. Sarbanes-Oxley b Act
c. Federal bSentencing bGuidelines bfor bOrganizations
d. Foreign bCorrupt bPractices bAct
e. Dodd-Frank b Wall bStreet bReform band bConsumer bProtection bAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. b13
LEARNING bOBJECTIVES: b LO: b1-2 b- bExamine bthe bhistorical bfoundations band bevolution bof bbusiness bethics.
NATIONAL b STANDARDS: b b United bStates b- bBUSPROG: b Ethics
STATE b STANDARDS: United bStates b- bNONE b- bDISC: bEthical bResponsibilities b - bEthical bResponsibilities
KEYWORDS: Blooms: bKnowledge

4. The bterm b business b ethics b is bbest bdescribed b by bthe bfollowing b statement:
a. It bis bthe bstudy band bphilosophy bof bhuman bconduct, bwith ban bemphasis bon bdetermining bright band bwrong.
b. It bis ban b"inquiry binto bthe bnature band bgrounds bof bmorality bwhere bthe bterm bmorality bis btaken bto bmean
bmoral bjudgments, bstandards band brules bof bconduct."

c. It bis bthe b"study bof bthe bgeneral bnature bof bmorals band bof bspecific bmoral bchoices; bmoral bphilosophy; band bthe
brules bor bstandards bgoverning bthe bconduct bof bthe bmembers bof ba bprofession."

d. It bis ban borganization's bobligation bto bmaximize bits bpositive beffects band bminimize bits bnegative beffects bon
bstakeholders.

e. It bcomprises bthe bprinciples, bvalues, band bstandards bthat bguide bbehavior bin bthe bworld bof bbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. b5
LEARNING bOBJECTIVES: b LO: b1-1 b- bExplore bconceptualizations b of bbusiness bethics bfrom ban borganizational
bperspective.

NATIONAL b STANDARDS: b b United bStates b- bBUSPROG: b Ethics
STATE b STANDARDS: United bStates b- bNONE b- bDISC: bEthical bResponsibilities b - bEthical bResponsibilities
KEYWORDS: Blooms: bKnowledge