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

TESTBANK b




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 OFCONTENTS 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. Principlesare b




a. lawsandregulations thatguidebehavior intheworldofbusiness.
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b. mores,values,andcustoms thatguidebehavior ingeneral.
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c. specific andpervasive boundaries forbehavior thatareuniversal andabsolute.
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d. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpacton
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stakeholders.
b




e. themores, values, andcustoms thatparents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 b




LEARNING OBJECTIVES: LO:1-1-Exploreconceptualizations ofbusinessethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States -BUSPROG: Ethics b b b b b b b




STATE STANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities -EthicalResponsibilities
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KEYWORDS: Blooms: Comprehension b




2. Socialresponsibilityis
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a. anorganization's obligation tomaximize itspositive effects andminimize itsnegative effects onstakeholders.
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b. principles andstandards thatguidebehavior intheworldofbusiness.
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c. abusiness's responsibility nottopollute theenvironment.
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d. abusiness'sresponsibilitytomanufactureproductsthatfunctionproperly.
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e. charitablecontributions madebyabusiness toenhance itsimage.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 b




LEARNING OBJECTIVES: LO:1-4-Gaininsightintotheextentofethical misconduct intheworkplace andthe pressures for
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unethical behavior. b b




NATIONAL STANDARDS: United States -BUSPROG: Ethics b b b b b b b




STATE STANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge b

, 3. The b



was/were enacted torestore confidence in financial reporting and business ethics after the accounting scandals b b b b b b b b b b b b b b




of the early 2000s.
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a. DefenseIndustryInitiativeonBusinessEthicsandConduct
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b. Sarbanes-Oxley Act b




c. FederalSentencing Guidelines forOrganizations
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d. Foreign Corrupt Practices Act b b b




e. Dodd-Frank WallStreet Reform andConsumer Protection Act b b b b b b b




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 b




LEARNING OBJECTIVES: LO:1-2-Examinethehistoricalfoundations andevolution ofbusinessethics.
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NATIONAL STANDARDS: United States -BUSPROG: Ethics b b b b b b b




STATE STANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge b




4. The term business ethics is best described by the following statement:
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a. Itisthestudyandphilosophy ofhumanconduct,withanemphasis ondetermining rightandwrong.
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b. Itisan"inquiry intothenature andgrounds ofmorality where thetermmorality istaken tomeanmoral judgments,
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standards and rules of conduct."
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c. Itisthe"studyofthegeneral natureofmorals andofspecific moralchoices; moralphilosophy; andtherules or standards
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governing the conduct of the members of a profession."
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d. Itisanorganization'sobligationtomaximizeitspositiveeffectsandminimizeitsnegativeeffectson
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stakeholders.
b




e. Itcomprises theprinciples, values,andstandards thatguidebehavior intheworldofbusiness.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 b




LEARNING OBJECTIVES: LO:1-1-Exploreconceptualizations ofbusinessethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States -BUSPROG: Ethics b b b b b b b




STATE STANDARDS: UnitedStates-NONE-DISC:EthicalResponsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge b