Test Bank For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Ferrell

TEST BANK |




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 | | |




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 |are
a. laws |and |regulations |that |guide |behavior |in |the |world |of |business.
b. mores, |values, |and |customs |that |guide |behavior |in |general.
c. specific |and |pervasive |boundaries |for |behavior |that |are |universal |and |absolute.
d. the |obligations |businesses |assume |to |maximize |their |positive |impact |and |minimize |their |negative |impact |on
|stakeholders.


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

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. |5
LEARNING |OBJECTIVES: | LO: |1-1 |- |Explore |conceptualizations |of |business |ethics |from |an |organizational
|perspective.


NATIONAL | STANDARDS: | | United |States |- |BUSPROG: | Ethics
STATE | STANDARDS: United |States |- |NONE |- |DISC: |Ethical |Responsibilities |- |Ethical |Responsibilities
KEYWORDS: Blooms: |Comprehension

2. Social |responsibility |is
a. an |organization's | obligation |to |maximize |its |positive |effects |and |minimize |its |negative |effects |on |stakeholders.
b. principles |and |standards |that |guide |behavior |in |the |world |of |business.
c. a |business's |responsibility | not |to |pollute |the |environment.
d. a |business's |responsibility |to |manufacture |products |that |function |properly.
e. charitable |contributions |made |by |a |business |to |enhance |its |image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. |23
LEARNING | OBJECTIVES: | LO: |1-4 |- |Gain |insight |into |the |extent |of |ethical |misconduct |in |the |workplace |and |the

|pressures |for |unethical |behavior.


NATIONAL | STANDARDS: | | United |States |- |BUSPROG: | Ethics
STATE | STANDARDS: United |States |- |NONE |- |DISC: |Ethical |Responsibilities |- |Ethical |Responsibilities
KEYWORDS: Blooms: |Knowledge

, 3. The | was/were |enacted |to |restore |confidence |in |financial |reporting |and |business |ethics |after |the |accounting
scandals |of |the |early |2000s.
|

a. Defense |Industry |Initiative |on |Business |Ethics |and |Conduct
b. Sarbanes-Oxley |Act
c. Federal |Sentencing |Guidelines |for |Organizations
d. Foreign |Corrupt |Practices |Act
e. Dodd-Frank |Wall |Street |Reform |and |Consumer |Protection |Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. |13
LEARNING |OBJECTIVES: | LO: |1-2 |- |Examine |the |historical |foundations |and |evolution |of |business |ethics.
NATIONAL | STANDARDS: | | United |States |- |BUSPROG: | Ethics
STATE | STANDARDS: United |States |- |NONE |- |DISC: |Ethical |Responsibilities |- |Ethical |Responsibilities
KEYWORDS: Blooms: |Knowledge

4. The |term |business | ethics | is |best |described |by |the |following | statement:
a. It |is |the |study |and |philosophy |of |human |conduct, |with |an |emphasis |on |determining |right |and |wrong.
b. It |is |an |"inquiry |into |the |nature |and |grounds |of |morality |where |the |term |morality |is |taken |to |mean |moral
|judgments, |standards |and |rules |of |conduct."


c. It |is |the |"study |of |the |general |nature |of |morals |and |of |specific |moral |choices; |moral |philosophy; |and |the |rules |or
|standards |governing |the |conduct |of |the |members |of |a |profession."


d. It |is |an |organization's |obligation |to |maximize |its |positive |effects |and |minimize |its |negative |effects |on
|stakeholders.


e. It |comprises |the |principles, |values, |and |standards |that |guide |behavior |in |the |world |of |business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. |5
LEARNING |OBJECTIVES: | LO: |1-1 |- |Explore |conceptualizations | of |business |ethics |from |an |organizational

|perspective.


NATIONAL | STANDARDS: | | United |States |- |BUSPROG: | Ethics
STATE | STANDARDS: United |States |- |NONE |- |DISC: |Ethical |Responsibilities |- |Ethical |Responsibilities
KEYWORDS: Blooms: |Knowledge