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Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
,1: The Importance of Business Ethics
D D D D D
1. Principles are D
a. laws and regulations that guide behavior in the world of business.
D D D D D D D D D D
b. mores, values, and customs that guide behavior in general.
D D D D D D D D
c. specific and pervasive boundaries for behavior that are universal and absolute.
D D D D D D D D D D
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact
D D D D D D D D D D D D D
on stakeholders.
D D
e. the mores, values, and customs that parents teach their children.
D D D D D D D D D
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 D
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
D D D D D D D D D D D D
perspective. D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D D
KEYWORDS: Blooms: Comprehension D
2. Social responsibility is
D D
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
D D D D D D D D D D D D D D
b. principles and standards that guide behavior in the world of business.
D D D D D D D D D D
c. a business's responsibility not to pollute the environment.
D D D D D D D
d. a business's responsibility to manufacture products that function properly.
D D D D D D D D
e. charitable contributions made by a business to enhance its image.
D D D D D D D D D
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 D
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
D D D D D D D D D D D D D D D D D
pressures for unethical behavior. D D D D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: D United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
, 3. The D
was/were enacted to restore confidence in financial reporting and business ethics after the
D D D D D D D D D D D D
Daccounting scandals of the early 2000s.D D D D D
a. Defense Industry Initiative on Business Ethics and Conduct
D D D D D D D
b. Sarbanes-Oxley Act D
c. Federal Sentencing Guidelines for Organizations
D D D D
d. Foreign Corrupt Practices ActD D D
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
D D D D D D D
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 D
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
D D D D D D D D D D D D D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: D United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
4. The term business ethics is best described by the following statement:
D D D D D D D D D D
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
D D D D D D D D D D D D D D D D
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean
D D D D D D D D D D D D D D D D D D
Dmoral judgments, standards and rules of conduct."
D D D D D D
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the
D D D D D D D D D D D D D D D D D D
Drules or standards governing the conduct of the members of a profession."
D D D D D D D D D D D
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects
D D D D D D D D D D D D D D
Don stakeholders.
D
e. It comprises the principles, values, and standards that guide behavior in the world of business.
D D D D D D D D D D D D D D
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 D
LEARNING OBJECTIVES:LO: 1-1 - Explore conceptualizations of business ethics from an organizational
D D D D D D D D D D D D
perspective. D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
,1: The Importance of Business Ethics
D D D D D
1. Principles are D
a. laws and regulations that guide behavior in the world of business.
D D D D D D D D D D
b. mores, values, and customs that guide behavior in general.
D D D D D D D D
c. specific and pervasive boundaries for behavior that are universal and absolute.
D D D D D D D D D D
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact
D D D D D D D D D D D D D
on stakeholders.
D D
e. the mores, values, and customs that parents teach their children.
D D D D D D D D D
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 D
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
D D D D D D D D D D D D
perspective. D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D D
KEYWORDS: Blooms: Comprehension D
2. Social responsibility is
D D
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
D D D D D D D D D D D D D D
b. principles and standards that guide behavior in the world of business.
D D D D D D D D D D
c. a business's responsibility not to pollute the environment.
D D D D D D D
d. a business's responsibility to manufacture products that function properly.
D D D D D D D D
e. charitable contributions made by a business to enhance its image.
D D D D D D D D D
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 D
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
D D D D D D D D D D D D D D D D D
pressures for unethical behavior. D D D D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: D United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
, 3. The D
was/were enacted to restore confidence in financial reporting and business ethics after the
D D D D D D D D D D D D
Daccounting scandals of the early 2000s.D D D D D
a. Defense Industry Initiative on Business Ethics and Conduct
D D D D D D D
b. Sarbanes-Oxley Act D
c. Federal Sentencing Guidelines for Organizations
D D D D
d. Foreign Corrupt Practices ActD D D
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
D D D D D D D
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 D
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
D D D D D D D D D D D D D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: D United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
4. The term business ethics is best described by the following statement:
D D D D D D D D D D
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
D D D D D D D D D D D D D D D D
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean
D D D D D D D D D D D D D D D D D D
Dmoral judgments, standards and rules of conduct."
D D D D D D
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the
D D D D D D D D D D D D D D D D D D
Drules or standards governing the conduct of the members of a profession."
D D D D D D D D D D D
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects
D D D D D D D D D D D D D D
Don stakeholders.
D
e. It comprises the principles, values, and standards that guide behavior in the world of business.
D D D D D D D D D D D D D D
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 D
LEARNING OBJECTIVES:LO: 1-1 - Explore conceptualizations of business ethics from an organizational
D D D D D D D D D D D D
perspective. D
NATIONAL STANDARDS: United States - BUSPROG: Ethics
D D D D D D D
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
D D D D D D D D D D D
KEYWORDS: Blooms: Knowledge D
