Test Bank for Business Ethics Ethical Decision Making and Cases 10th Edition Ferrell: ISBN 9781285423715 - All Chapters Complete 2025/2026

TEST BANKj



BusinessjEthicsjEthicaljDecisionjMakingjandjCases,j13thjEdition
ByjO.jC.jFerrell,jJohnjFraedrich,jAlljChaptersj1j-j12

,TABLE OF CONTENTS
j j j




Partj1:jAnjOverviewjofjBusinessjEthics
1:jThejImportancejofjBusinessjEthics
2:jStakeholderjRelationships,jSocialjResponsibility,jandjCorporatejGovernance
3:jSustainability:jEthicaljandjSocialjResponsibilityjDimensions
Partj2:jEthicaljIssuesjandjthejInstitutionalizationjofjBusinessjEthics
4:jThejInstitutionalizationjofjBusinessjEthics
5:jEmergingjBusinessjEthicsjIssues
Partj3:jThejDecision-MakingjProcess
6:jEthicaljDecisionjMaking
7:jIndividualjFactors:jMoraljPhilosophiesjandjValues
8:jOrganizationaljFactors:jThejRolejofjEthicaljCulturejandjRelationships
Partj4:jImplementingjBusinessjEthicsjinjajGlobaljEconomy
9:jDevelopingjandjImplementingjanjEffectivejEthicsjProgram
10:jGlobaljBusinessjEthicsjIssues
11:jEthicaljLeadership
12:jTechnology:jEthicsjandjSocialjResponsibilityjIssues

,1:jThejImportancejofjBusinessjEthics

1. Principlesjare
a. lawsjandjregulationsjthatjguidejbehaviorjinjthejworldjofjbusiness.
b. mores,jvalues,jandjcustomsjthatjguidejbehaviorjinjgeneral.
c. specificjandjpervasivejboundariesjforjbehaviorjthatjarejuniversaljandjabsolute.
d. thejobligationsjbusinessesjassumejtojmaximizejtheirjpositivejimpactjandjminimizejtheirjnegativejimpactjonjs
takeholders.
e. thejmores,jvalues,jandjcustomsjthatjparentsjteachjtheirjchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.j5
LEARNINGjOBJECTIVES:j LO:j1-1j-
jExplorejconceptualizationsj ofjbusinessjethicsjfromjanjorganizationaljperspective.

NATIONALj STANDARDS:j j UnitedjStatesj-jBUSPROG:j Ethics
STATEj STANDARDS: UnitedjStatesj-jNONEj-jDISC:jEthicaljResponsibilitiesj -jEthicaljResponsibilities
KEYWORDS: Blooms:jComprehension

2. Socialjresponsibilityjis
a. anjorganization'sj obligationjtojmaximizejitsjpositivejeffectsjandjminimizejitsjnegativejeffectsjonjstakeholders.
b. principlesjandjstandardsjthatjguidejbehaviorjinjthejworldjofjbusiness.
c. ajbusiness'sjresponsibilityj notjtojpollutejthejenvironment.
d. ajbusiness'sjresponsibilityjtojmanufacturejproductsjthatjfunctionjproperly.
e. charitablejcontributionsjmadejbyjajbusinessjtojenhancejitsjimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.j23
LEARNINGj OBJECTIVES:j LO:j1-4j-
jGainjinsightjintojthejextentjofjethicaljmisconductjinjthejworkplacejandjthejpressuresjforju
nethicaljbehavior.
NATIONALj STANDARDS:j j UnitedjStatesj-jBUSPROG:j Ethics
STATEj STANDARDS: UnitedjStatesj-jNONEj-jDISC:jEthicaljResponsibilitiesj -jEthicaljResponsibilities
KEYWORDS: Blooms:jKnowledge

, 3. Thej
was/werejenactedjtojrestorejconfidencejinjfinancialjreportingjandjbusinessjethicsjafterjthejaccountingjsc
andalsjofjthejearlyj2000s.
a. DefensejIndustryjInitiativejonjBusinessjEthicsjandjConduct
b. Sarbanes-Oxleyj Act
c. FederaljSentencingjGuidelinesjforjOrganizations
d. ForeignjCorruptjPracticesjAct
e. Dodd-Frankj WalljStreetjReformjandjConsumerjProtectionjAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.j13
LEARNINGjOBJECTIVES:j LO:j1-2j-jExaminejthejhistoricaljfoundationsjandjevolutionjofjbusinessjethics.
NATIONALj STANDARDS:j j UnitedjStatesj-jBUSPROG:j Ethics
STATEj STANDARDS: UnitedjStatesj-jNONEj-jDISC:jEthicaljResponsibilitiesj -jEthicaljResponsibilities
KEYWORDS: Blooms:jKnowledge

4. Thejtermj businessj ethicsj isjbestjdescribedj byjthejfollowingj statement:
a. Itjisjthejstudyjandjphilosophyjofjhumanjconduct,jwithjanjemphasisjonjdeterminingjrightjandjwrong.
b. Itjisjanj"inquiryjintojthejnaturejandjgroundsjofjmoralityjwherejthejtermjmoralityjisjtakenjtojmeanjmoraljju
dgments,jstandardsjandjrulesjofjconduct."
c. Itjisjthej"studyjofjthejgeneraljnaturejofjmoralsjandjofjspecificjmoraljchoices;jmoraljphilosophy;jandjthejrulesjor
jstandardsjgoverningjthejconductjofjthejmembersjofjajprofession."

d. Itjisjanjorganization'sjobligationjtojmaximizejitsjpositivejeffectsjandjminimizejitsjnegativejeffectsjonjst
akeholders.
e. Itjcomprisesjthejprinciples,jvalues,jandjstandardsjthatjguidejbehaviorjinjthejworldjofjbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.j5
LEARNINGjOBJECTIVES:j LO:j1-1j-
jExplorejconceptualizationsj ofjbusinessjethicsjfromjanjorganizationaljperspective.

NATIONALj STANDARDS:j j UnitedjStatesj-jBUSPROG:j Ethics
STATEj STANDARDS: UnitedjStatesj-jNONEj-jDISC:jEthicaljResponsibilitiesj -jEthicaljResponsibilities
KEYWORDS: Blooms:jKnowledge