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 w w w




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



1: The Importance of Business Ethics
w w w w w



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



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



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



4: The Institutionalization of Business Ethics
w w w w w



5: Emerging Business Ethics Issues
w w w w



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



6: Ethical Decision Making
w w w



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



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



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



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



10: Global Business Ethics Issues
w w w w



11: Ethical Leadership
w w



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

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




1. Principlesware
a. lawswandwregulationswthatwguidewbehaviorwinwthewworldwofwbusiness.
b. mores,wvalues,wandwcustomswthatwguidewbehaviorwinwgeneral.
c. specificwandwpervasivewboundarieswforwbehaviorwthatwarewuniversalwandwabsolute.
d. thewobligationswbusinesseswassumewtowmaximizewtheirwpositivewimpactwandwminimizewtheirwnegativewimpactwon
wstakeholders.

e. thewmores,wvalues,wandwcustomswthatwparentswteachwtheirwchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.w5
LEARNINGwOBJECTIVES:w LO:w1-1w-
wExplorewconceptualizationsw ofwbusinesswethicswfromwanworganizationalwperspective.

NATIONALw STANDARDS:w w UnitedwStatesw-wBUSPROG:w Ethics
STATEw STANDARDS: UnitedwStatesw-wNONEw-wDISC:wEthicalwResponsibilitiesw-wEthicalwResponsibilities
KEYWORDS: Blooms:wComprehension

2. Socialwresponsibilitywis
a. anworganization'sw obligationwtowmaximizewitswpositiveweffectswandwminimizewitswnegativeweffectswonwstakeholders.
b. principleswandwstandardswthatwguidewbehaviorwinwthewworldwofwbusiness.
c. awbusiness'swresponsibilityw notwtowpollutewthewenvironment.
d. awbusiness'swresponsibilitywtowmanufacturewproductswthatwfunctionwproperly.
e. charitablewcontributionswmadewbywawbusinesswtowenhancewitswimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.w23
LEARNINGw OBJECTIVES:w LO:w1-4w-
wGainwinsightwintowthewextentwofwethicalwmisconductwinwthewworkplacewandwthewpressureswf

orwunethicalwbehavior.
NATIONALw STANDARDS:w w UnitedwStatesw-wBUSPROG:w Ethics
STATEw STANDARDS: UnitedwStatesw-wNONEw-wDISC:wEthicalwResponsibilitiesw-wEthicalwResponsibilities
KEYWORDS: Blooms:wKnowledge

, 3. Thew
was/werewenactedwtowrestorewconfidencewinwfinancialwreportingwandwbusinesswethicswafterwthewaccounting
wscandalswofwthewearlyw2000s.
a. DefensewIndustrywInitiativewonwBusinesswEthicswandwConduct
b. Sarbanes-OxleywAct
c. FederalwSentencingwGuidelineswforwOrganizations
d. ForeignwCorruptwPracticeswAct
e. Dodd-FrankwWallwStreetwReformwandwConsumerwProtectionwAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.w13
LEARNINGwOBJECTIVES:w LO:w1-2w-wExaminewthewhistoricalwfoundationswandwevolutionwofwbusinesswethics.
NATIONALw STANDARDS:w w UnitedwStatesw-wBUSPROG:w Ethics
STATEw STANDARDS: UnitedwStatesw-wNONEw-wDISC:wEthicalwResponsibilitiesw-wEthicalwResponsibilities
KEYWORDS: Blooms:wKnowledge

4. Thewtermwbusinessw ethicsw iswbestwdescribedwbywthewfollowingw statement:
a. Itwiswthewstudywandwphilosophywofwhumanwconduct,wwithwanwemphasiswonwdeterminingwrightwandwwrong.
b. Itwiswanw"inquirywintowthewnaturewandwgroundswofwmoralitywwherewthewtermwmoralitywiswtakenwtowmeanwmo
ralwjudgments,wstandardswandwruleswofwconduct."
c. Itwiswthew"studywofwthewgeneralwnaturewofwmoralswandwofwspecificwmoralwchoices;wmoralwphilosophy;wandwthewrul
esworwstandardswgoverningwthewconductwofwthewmemberswofwawprofession."
d. Itwiswanworganization'swobligationwtowmaximizewitswpositiveweffectswandwminimizewitswnegativeweffectswon
wstakeholders.

e. Itwcompriseswthewprinciples,wvalues,wandwstandardswthatwguidewbehaviorwinwthewworldwofwbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.w5
LEARNINGwOBJECTIVES:w LO:w1-1w-
wExplorewconceptualizationsw ofwbusinesswethicswfromwanworganizationalwperspective.

NATIONALw STANDARDS:w w UnitedwStatesw-wBUSPROG:w Ethics
STATEw STANDARDS: UnitedwStatesw-wNONEw-wDISC:wEthicalwResponsibilitiesw-wEthicalwResponsibilities
KEYWORDS: Blooms:wKnowledge