SOLUTIONMANUAL c
Business Law:Text & Exercises (MindTapCourse List)
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10th Edition by Roger LeRoy Miller, WilliamE. Hollowell
c c c c c c c c
Chapters 1 -43, Complete
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1
website, in whole or in part.
c c c c c
,Chapter 1 c
Table of Contents c c
Purpose and Perspective of the Chapter .......................................................................................2
c c c c c
Cengage Supplements ................................................................................................................2
c
List of Student Downloads ........................................................................................................2
c c c
Chapter Objectives ......................................................................................................................2
c
Key Terms ...................................................................................................................................2
c
What's New in This Chapter ..........................................................................................................3
c c c c
Chapter Outline ...........................................................................................................................4
c
Discussion Questions ..................................................................................................................8
c
Additional Resources .................................................................................................................10
c
Cengage Video Resources .....................................................................................................10
c c
Appendix ...................................................................................................................................10
Generic Rubrics .....................................................................................................................10
c
Standard Writing Rubric..........................................................................................................10
c c
Standard Discussion Rubric....................................................................................................12
c c
2
website, in whole or in part.
c c c c c
,Purpose and Perspective of the Chapter c c c c c
The purpose of this chapter is to examine the relationship between law and ethics. The
c c c c c c c c c c c c c c
chapterpresents issues involved to determining the ethical responsibilities of businesses and
c c c c c c c c c c c c
provides students a framework for analyzing and making ethical decisions.
c c c c c c c c c c
Cengage Supplements c
The following product-level supplements provide additional information that may help you
c c c c c c c c c c
inpreparing your course. They are available in the Instructor Resource Center.
c c c c c c c c c c c c
PowerPoint Deck c
List of Student Downloads
c c c
Students should download the following items from the Student Companion Center to completethe
c c c c c c c c c c c c c
activities and assignments related to this chapter:
c c c c c c c
PowerPoint Deck (without teaching notes, activities, or answers) c c c c c c c
Chapter Objectives c
The following objectives are addressed in this chapter:
c c c c c c c
1. Discuss how business can discourage unethical behavior c c c c c c
2. Explain the relationship between law and ethics c c c c c c
3. Compare duty-based ethics and utilitarian ethics c c c c c
4. Identify ethical problems in the global context c c c c c c
Key Terms c
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
c c c c c c c c c c c c c c
behavior in the world of business and the application of moral principles to situations that arisein a
c c c c c c c c c c c c c c c c c c
business setting.
c c
categorical imperative: A concept developed by the philosopher Immanuel Kant as an
c c c c c c c c c c c
ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
c c c c c c c c c c c c c c c c
undesirable, a person should evaluate the action in terms of what would happen if everybody else
c c c c c c c c c c c c c c c c
in the same situation, or category, acted the same way.
c c c c c c c c c c
corporate social responsibility (CSR): The concept that corporations can and should
c c c c c c c c c c
actethically and be accountable to society for their actions.
c c c c c c c c c c
cost-benefit analysis: A decision-making technique that involves weighing the costs of a
c c c c c c c c c c c
givenaction against the benefits of the action.
c c c c c c c c
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
c c c c c c c c c c c c c c c
others, including both humans and the planet. Those duties may be derived from religious principles
c c c c c c c c c c c c c c c
or from other philosophical reasoning.
c c c c c
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
c c c c c c c c c c c c c c c
ethical standards to the particular situation at hand.
c c c c c c c c
3
website, in whole or in part. c c c c c
, ethics: Moral principles and values applied to social behavior.
c c c c c c c c
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
c c c c c c c c c c c c c
isusually defined as compliance with the law.
c c c c c c c c
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision c c c c c c c c c c c c
onsociety or on key stakeholders.
c c c c c c
outsourcing: The practice by which a company hires an outside firm or individual to c c c c c c c c c c c c c
performwork rather than hiring employees.
c c c c c c
principle of rights: The principle that human beings have certain fundamental rights (to
c c c c c c c c c c c c
life,freedom, and the pursuit of happiness, for example). A key factor in determining whether a
c c c c c c c c c c c c c c c c
business decision is ethical under this theory is how that decision affects the rights of
c c c c c c c c c c c c c c c
others,such as employees, consumers, suppliers, and the community.
c c c c c c c c c
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate c c c c c c c c c c c
decisions. Stakeholders include employees, customers, creditors, suppliers, and the
c c c c c c c c c
communityin which the corporation operates.
c c c c c c
triple bottom line: The idea that investors and others should consider not only corporate
c c c c c c c c c c c c c
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
c c c c c c c c c c c c c c c
(Thebottom line is people, planet, and profits.)
c c c c c c c c
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan c c c c c c c c c c c c c c
evaluation of the consequences of a given action on those who will be affected by it. In
c c c c c c c c c c c c c c c c c
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number
c c c c c c c c c c c c c c c c
of people affected by the decision.
c c c c c c
[return to top] c c
What's New in This Chapter c c c c
The following elements are improvements in this chapter from the previous edition:
c c c c c c c c c c c
New chapter title and chapter-opening introduction scenario discussing
c c c c c c c
recenttechnology scandal involving finger-prick blood test kits
c c c c c c c c
New chapter organization and subheads throughout (including new headings for
c c c c c c c c c
―outsourcing‖ and ―corruption‖) c c
New section on Making Ethical Business Decisions and new materials on Systematic
c c c c c c c c c c c
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze c c c c c c c c c c c c c c c
ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
c c c c c c c c c c c c c c c
chapters.
c
o New―Application oftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand c c c c c c c c c c
sample scenario. c c
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the c c c c c c c c c c
SampleDilemma (for new IDDR Approach) c c c c c c
o 1 New Term & Concept c c c c
outsourcing
1 New Ethics Today feature—
c c c c
4
website, in whole or in part. c c c c c
Business Law:Text & Exercises (MindTapCourse List)
c c c c c c c
10th Edition by Roger LeRoy Miller, WilliamE. Hollowell
c c c c c c c c
Chapters 1 -43, Complete
c c c c c
1
website, in whole or in part.
c c c c c
,Chapter 1 c
Table of Contents c c
Purpose and Perspective of the Chapter .......................................................................................2
c c c c c
Cengage Supplements ................................................................................................................2
c
List of Student Downloads ........................................................................................................2
c c c
Chapter Objectives ......................................................................................................................2
c
Key Terms ...................................................................................................................................2
c
What's New in This Chapter ..........................................................................................................3
c c c c
Chapter Outline ...........................................................................................................................4
c
Discussion Questions ..................................................................................................................8
c
Additional Resources .................................................................................................................10
c
Cengage Video Resources .....................................................................................................10
c c
Appendix ...................................................................................................................................10
Generic Rubrics .....................................................................................................................10
c
Standard Writing Rubric..........................................................................................................10
c c
Standard Discussion Rubric....................................................................................................12
c c
2
website, in whole or in part.
c c c c c
,Purpose and Perspective of the Chapter c c c c c
The purpose of this chapter is to examine the relationship between law and ethics. The
c c c c c c c c c c c c c c
chapterpresents issues involved to determining the ethical responsibilities of businesses and
c c c c c c c c c c c c
provides students a framework for analyzing and making ethical decisions.
c c c c c c c c c c
Cengage Supplements c
The following product-level supplements provide additional information that may help you
c c c c c c c c c c
inpreparing your course. They are available in the Instructor Resource Center.
c c c c c c c c c c c c
PowerPoint Deck c
List of Student Downloads
c c c
Students should download the following items from the Student Companion Center to completethe
c c c c c c c c c c c c c
activities and assignments related to this chapter:
c c c c c c c
PowerPoint Deck (without teaching notes, activities, or answers) c c c c c c c
Chapter Objectives c
The following objectives are addressed in this chapter:
c c c c c c c
1. Discuss how business can discourage unethical behavior c c c c c c
2. Explain the relationship between law and ethics c c c c c c
3. Compare duty-based ethics and utilitarian ethics c c c c c
4. Identify ethical problems in the global context c c c c c c
Key Terms c
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
c c c c c c c c c c c c c c
behavior in the world of business and the application of moral principles to situations that arisein a
c c c c c c c c c c c c c c c c c c
business setting.
c c
categorical imperative: A concept developed by the philosopher Immanuel Kant as an
c c c c c c c c c c c
ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
c c c c c c c c c c c c c c c c
undesirable, a person should evaluate the action in terms of what would happen if everybody else
c c c c c c c c c c c c c c c c
in the same situation, or category, acted the same way.
c c c c c c c c c c
corporate social responsibility (CSR): The concept that corporations can and should
c c c c c c c c c c
actethically and be accountable to society for their actions.
c c c c c c c c c c
cost-benefit analysis: A decision-making technique that involves weighing the costs of a
c c c c c c c c c c c
givenaction against the benefits of the action.
c c c c c c c c
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto
c c c c c c c c c c c c c c c
others, including both humans and the planet. Those duties may be derived from religious principles
c c c c c c c c c c c c c c c
or from other philosophical reasoning.
c c c c c
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor
c c c c c c c c c c c c c c c
ethical standards to the particular situation at hand.
c c c c c c c c
3
website, in whole or in part. c c c c c
, ethics: Moral principles and values applied to social behavior.
c c c c c c c c
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
c c c c c c c c c c c c c
isusually defined as compliance with the law.
c c c c c c c c
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision c c c c c c c c c c c c
onsociety or on key stakeholders.
c c c c c c
outsourcing: The practice by which a company hires an outside firm or individual to c c c c c c c c c c c c c
performwork rather than hiring employees.
c c c c c c
principle of rights: The principle that human beings have certain fundamental rights (to
c c c c c c c c c c c c
life,freedom, and the pursuit of happiness, for example). A key factor in determining whether a
c c c c c c c c c c c c c c c c
business decision is ethical under this theory is how that decision affects the rights of
c c c c c c c c c c c c c c c
others,such as employees, consumers, suppliers, and the community.
c c c c c c c c c
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate c c c c c c c c c c c
decisions. Stakeholders include employees, customers, creditors, suppliers, and the
c c c c c c c c c
communityin which the corporation operates.
c c c c c c
triple bottom line: The idea that investors and others should consider not only corporate
c c c c c c c c c c c c c
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
c c c c c c c c c c c c c c c
(Thebottom line is people, planet, and profits.)
c c c c c c c c
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan c c c c c c c c c c c c c c
evaluation of the consequences of a given action on those who will be affected by it. In
c c c c c c c c c c c c c c c c c
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number
c c c c c c c c c c c c c c c c
of people affected by the decision.
c c c c c c
[return to top] c c
What's New in This Chapter c c c c
The following elements are improvements in this chapter from the previous edition:
c c c c c c c c c c c
New chapter title and chapter-opening introduction scenario discussing
c c c c c c c
recenttechnology scandal involving finger-prick blood test kits
c c c c c c c c
New chapter organization and subheads throughout (including new headings for
c c c c c c c c c
―outsourcing‖ and ―corruption‖) c c
New section on Making Ethical Business Decisions and new materials on Systematic
c c c c c c c c c c c
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze c c c c c c c c c c c c c c c
ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining
c c c c c c c c c c c c c c c
chapters.
c
o New―Application oftheIDDRApproach‖subsectionwithstep-by-stepdiscussionand c c c c c c c c c c
sample scenario. c c
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the c c c c c c c c c c
SampleDilemma (for new IDDR Approach) c c c c c c
o 1 New Term & Concept c c c c
outsourcing
1 New Ethics Today feature—
c c c c
4
website, in whole or in part. c c c c c
