TEST BANK Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12 

TEST BANK
Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12

,TABLE OF CONTENTS nx nx nx




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




1: The Importance of Business Ethics
nx nx nx nx nx




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




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




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




4: The Institutionalization of Business Ethics
nx nx nx nx nx




5: Emerging Business Ethics Issues
nx nx nx nx




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




6: Ethical Decision Making
nx nx nx




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




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




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




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




10: Global Business Ethics Issues
nx nx nx nx




11: Ethical Leadership
nx nx




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

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




1. Principles are nx


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



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



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



d. the obligations businesses assume to maximize their positive impact and minimize their negative impact
nx nx nx nx nx nx nx nx nx nx nx nx nx


on stakeholders.
nx nx



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




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



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
nx n x nx nx nx nx nx nx nx nx nx nx


perspective. nx



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



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
nx nx nx nx nx nx nx nx nx nx nx



KEYWORDS: Blooms: Comprehension nx




2. Social responsibility is
nx nx


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



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



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



d. a business's responsibility to manufacture products that function properly.
nx nx nx nx nx nx nx nx



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




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



LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and
nx n x nx nx nx nx nx nx nx nx nx nx nx nx nx nx


the pressures for unethical behavior. nx nx nx nx nx



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



STATE STANDARDS: nx United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
nx nx nx nx nx nx nx nx nx nx



KEYWORDS: Blooms: Knowledge nx

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


accounting scandals of the early 2000s.
nx nx nx nx nx nx


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



b. Sarbanes-Oxley Act nx



c. Federal Sentencing Guidelines for Organizations
nx nx nx nx



d. Foreign Corrupt Practices Act
nx nx nx



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




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



LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
nx n x nx nx nx nx nx nx nx nx nx nx nx



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



STATE STANDARDS: nx United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
nx nx nx nx nx nx nx nx nx nx



KEYWORDS: Blooms: Knowledge nx




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


a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
nx nx nx nx nx nx nx nx nx nx nx nx nx nx nx nx



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


moral judgments, standards and rules of conduct."
nx nx nx nx nx nx nx



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


the rules or standards governing the conduct of the members of a profession."
nx nx nx nx nx nx nx nx nx nx nx nx nx



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


on stakeholders.
nx nx



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




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



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
nx n x nx nx nx nx nx nx nx nx nx nx


perspective. nx



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



STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
nx nx nx nx nx nx nx nx nx nx nx



KEYWORDS: Blooms: Knowledge nx