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

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

,TABLE OF CONTENTS lk lk lk




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. Principleslkare
a. lawslkandlkregulationslkthatlkguidelkbehaviorlkinlkthelkworldlkoflkbusiness.
b. mores,lkvalues,lkandlkcustomslkthatlkguidelkbehaviorlkinlkgeneral.
c. specificlkandlkpervasivelkboundarieslkforlkbehaviorlkthatlkarelkuniversallkandlkabsolute.
d. thelkobligationslkbusinesseslkassumelktolkmaximizelktheirlkpositivelkimpactlkandlkminimizelktheirlknegativelkimpac
tlkonlkstakeholders.
e. thelkmores,lkvalues,lkandlkcustomslkthatlkparentslkteachlktheirlkchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.lk5
LEARNINGlkOBJECTIVES:l k LO:lk1-1lk-
lkExplorelkconceptualizationslk of lkbusinesslkethicslkfromlkanlkorganizationallkperspective.

NATIONALl k STANDARDS:l k l k UnitedlkStateslk-lkBUSPROG:lk Ethics
STATEl k STANDARDS: UnitedlkStateslk-lkNONElk-lkDISC:lkEthicallkResponsibilitieslk -lkEthicallkResponsibilities
KEYWORDS: Blooms:lkComprehension

2. Sociallkresponsibilitylkis
a. anlkorganization'slk obligationlktolkmaximizelkitslkpositivelkeffectslkandlkminimizelkitslknegativelkeffectslkonlkstakeholders.
b. principleslkandlkstandardslkthatlkguidelkbehaviorlkinlkthelkworldlkoflkbusiness.
c. alkbusiness'slkresponsibilitylk notlktolkpollutelkthelkenvironment.
d. alkbusiness'slkresponsibilitylktolkmanufacturelkproductslkthatlkfunctionlkproperly.
e. charitablelkcontributionslkmadelkbylkalkbusinesslktolkenhancelkitslkimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.lk23
LEARNINGl k OBJECTIVES:l k LO:lk1-4lk-
lkGainlkinsight lkintolkthelkextent lkof lkethicallkmisconductlkinlkthelkworkplacelkandlkthelkpressure

slkforlkunethicallkbehavior.
NATIONALl k STANDARDS:l k l k UnitedlkStateslk-lkBUSPROG:lk Ethics
STATEl k STANDARDS: UnitedlkStateslk-lkNONElk-lkDISC:lkEthicallkResponsibilitieslk -lkEthicallkResponsibilities
KEYWORDS: Blooms:lkKnowledge

, 3. Thelk
was/werelkenactedlktolkrestorelkconfidencelkinlkfinanciallkreportinglkandlkbusinesslkethicslkafterlkthelkaccou
ntinglkscandalslkoflkthelkearlylk2000s.
a. DefenselkIndustrylkInitiativelkonlkBusinesslkEthicslkandlkConduct
b. Sarbanes-Oxleylk Act
c. FederallkSentencinglkGuidelineslkforlkOrganizations
d. ForeignlkCorruptlkPracticeslk Act
e. Dodd-Franklk WalllkStreetlkReformlkandlkConsumerlkProtectionlkAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.lk13
LEARNINGlkOBJECTIVES:l k LO:lk1-2lk-lkExaminelkthelkhistoricallkfoundationslkandlkevolutionlkoflkbusinesslkethics.
NATIONALl k STANDARDS:l k l k UnitedlkStateslk-lkBUSPROG:lk Ethics
STATEl k STANDARDS: UnitedlkStateslk-lkNONElk-lkDISC:lkEthicallkResponsibilitieslk -lkEthicallkResponsibilities
KEYWORDS: Blooms:lkKnowledge

4. Thelktermlk businessl k ethicsl k islkbestlkdescribedlk bylkthelkfollowinglk statement:
a. Itlkislkthelkstudylkandlkphilosophylkoflkhumanlkconduct,lkwithlkanlkemphasislkonlkdetermininglkrightlkandlkwrong.
b. Itlkislkanlk"inquirylkintolkthelknaturelkandlkgroundslkoflkmoralitylkwherelkthelktermlkmoralitylkislktakenlktolkmean
lkmorallkjudgments,lkstandardslkandlkruleslkoflkconduct."

c. Itlkislkthelk"studylkoflkthelkgenerallknaturelkoflkmoralslkandlkoflkspecificlkmorallkchoices;lkmorallkphilosophy;lkandlkth
elkruleslkorlkstandardslkgoverninglkthelkconductlkoflkthelkmemberslkoflkalkprofession."
d. Itlkislkanlkorganization'slkobligationlktolkmaximizelkitslkpositivelkeffectslkandlkminimizelkitslknegativelkeffect
slkonlkstakeholders.
e. Itlkcompriseslkthelkprinciples,lkvalues,lkandlkstandardslkthatlkguidelkbehaviorlkinlkthelkworldlkoflkbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.lk5
LEARNINGlkOBJECTIVES:l k LO:lk1-1lk-
lkExplorelkconceptualizationslk of lkbusinesslkethicslkfromlkanlkorganizationallkperspective.

NATIONALl k STANDARDS:l k l k UnitedlkStateslk-lkBUSPROG:lk Ethics
STATEl k STANDARDS: UnitedlkStateslk-lkNONElk-lkDISC:lkEthicallkResponsibilitieslk -lkEthicallkResponsibilities
KEYWORDS: Blooms:lkKnowledge