Exam (elaborations) Business Ethics Ethical Decision Making Business Ethics

TEST BANK b




Business Ethics Ethical Decision Making and Cases, 13th Edition
b b b b b b b b




By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
b b b b b b b b b b

,TABLE OF CONTENTS b b b




Part 1: An Overview of Business Ethics
b b b b b b




1: The Importance of Business Ethics
b b b b b




2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
b b b b b b b




3: Sustainability: Ethical and Social Responsibility Dimensions
b b b b b b




Part 2: Ethical Issues and the Institutionalization of Business Ethics
b b b b b b b b b




4: The Institutionalization of Business Ethics
b b b b b




5: Emerging Business Ethics Issues
b b b b




Part 3: The Decision-Making Process
b b b b




6: Ethical Decision Making
b b b




7: Individual Factors: Moral Philosophies and Values
b b b b b b




8: Organizational Factors: The Role of Ethical Culture and Relationships
b b b b b b b b b




Part 4: Implementing Business Ethics in a Global Economy
b b b b b b b b




9: Developing and Implementing an Effective Ethics Program
b b b b b b b




10: Global Business Ethics Issues
b b b b




11: Ethical Leadership
b b




12: Technology: Ethics and Social Responsibility Issues
b b b b b b

,1: The Importance of Business Ethics
b b b b b




1. Principles are b




a. laws and regulations that guide behavior in the world of business.
b b b b b b b b b b




b. mores, values, and customs that guide behavior in general.
b b b b b b b b




c. specific and pervasive boundaries for behavior that are universal and absolute.
b b b b b b b b b b




d. theobligations businesses assume to maximizetheirpositiveimpact and minimizetheirnegative impacton
b b b b b b b b b b b b b b




stakeholders.
b




e. the mores, values, and customs that parents teach their children.
b b b b b b b b b




ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 b




LEARNING OBJECTIVES: LO: 1-1-Explore conceptualizations ofbusiness ethics froman organizational perspective.
b b b b b b b b b b b b b




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




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
b b b b b b b b b b b




KEYWORDS: Blooms: Comprehension b




2. Social responsibility is
b b




a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
b b b b b b b b b b b b b b




b. principles and standards that guide behavior in the world of business.
b b b b b b b b b b




c. a business's responsibility not to pollute the environment.
b b b b b b b




d. abusiness's responsibility tomanufacture products that function properly.
b b b b b b b b




e. charitable contributions made by a business to enhance its image.
b b b b b b b b b




ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 b




LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the pressures
b b b b b b b b b b b b b b b b b b




for unethical behavior. b b b




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




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
b b b b b b b b b b b




KEYWORDS: Blooms: Knowledge b

, 3. The b
was/were enacted to restore confidence in financial reporting and business ethics after the accounting
b b b b b b b b b b b b b




scandals of the early 2000s.
b b b b b




a. Defense Industry Initiative on Business Ethics and Conduct
b b b b b b b




b. Sarbanes-Oxley Act b




c. Federal Sentencing Guidelines for Organizations
b b b b




d. Foreign Corrupt Practices Actb b b




e. Dodd-Frank Wall Street Reform and Consumer Protection Act
b b b b b b b




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




LEARNING OBJECTIVES: LO: 1-2 - Examine thehistorical foundations and evolution of business ethics.
b b b b b b b b b b b b b




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




STATE STANDARDS:b UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities b b b b b b b b b b




KEYWORDS: Blooms: Knowledge b




4. The term business ethics is best described by the following statement:
b b b b b b b b b b




a. Itis thestudy and philosophy of human conduct, with an emphasis on determining right and wrong.
b b b b b b b b b b b b b b b b




b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
b b b b b b b b b b b b b b b b b b b




judgments, standards and rules of conduct."
b b b b b b




c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or
b b b b b b b b b b b b b b b b b b b b




standards governing the conduct of the members of a profession."
b b b b b b b b b b




d. Itisan organization's obligation to maximize its positiveeffects and minimize itsnegative effects on
b b b b b b b b b b b b b b b




stakeholders.
b




e. Itcomprises the principles, values, and standards that guide behavior in the world of business.
b b b b b b b b b b b b b b




ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 b




LEARNING OBJECTIVES: LO: 1-1-Explore conceptualizations ofbusiness ethics froman organizational perspective.
b b b b b b b b b b b b b




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




STATE STANDARDS:b UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities b b b b b b b b b b




KEYWORDS: Blooms: Knowledge b