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