Business ethics ethical decision making cases 10th edition by o c ferrell test bank

TEST BANKm




Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS m m m




Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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3: Sustainability: Ethical and Social Responsibility Dimensions
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Part 2: Ethical Issues and the Institutionalization of Business Ethics
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4: The Institutionalization of Business Ethics
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5: Emerging Business Ethics Issues
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Part 3: The Decision-Making Process
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6: Ethical Decision Making
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7: Individual Factors: Moral Philosophies and Values
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8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
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9: Developing and Implementing an Effective Ethics Program
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10: Global Business Ethics Issues
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11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principlesmare
a. lawsmandmregulationsmthatmguidembehaviorminmthemworldmofmbusiness.
b. mores,mvalues,mandmcustomsmthatmguidembehaviorminmgeneral.
c. specificmandmpervasivemboundariesmformbehaviormthatmaremuniversalmandmabsolute.
d. themobligationsmbusinessesmassumemtommaximizemtheirmpositivemimpactmandmminimizemtheirmnegativemimpactmon
mstakeholders.


e. themmores,mvalues,mandmcustomsmthatmparentsmteachmtheirmchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.m5
LEARNINGmOBJECTIVES:m LO:m1-1m-
mExploremconceptualizationsm ofmbusinessmethicsmfrommanmorganizationalmperspective.


NATIONALm STANDARDS:m m UnitedmStatesm-mBUSPROG:m Ethics
STATEm STANDARDS: UnitedmStatesm-mNONEm-mDISC:mEthicalmResponsibilitiesm-mEthicalmResponsibilities
KEYWORDS: Blooms:mComprehension

2. Socialmresponsibilitymis
a. anmorganization'sm obligationmtommaximizemitsmpositivemeffectsmandmminimizemitsmnegativemeffectsmonmstakeholders.
b. principlesmandmstandardsmthatmguidembehaviorminmthemworldmofmbusiness.
c. ambusiness'smresponsibilitym notmtompollutemthemenvironment.
d. ambusiness'smresponsibilitymtommanufacturemproductsmthatmfunctionmproperly.
e. charitablemcontributionsmmadembymambusinessmtomenhancemitsmimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.m23
LEARNINGm OBJECTIVES:m LO:m1-4m-
mGainminsightmintomthemextentmofmethicalmmisconductminmthemworkplacemandmthempressuresmfo

rmunethicalmbehavior.
NATIONALm STANDARDS:m m UnitedmStatesm-mBUSPROG:m Ethics
STATEm STANDARDS: UnitedmStatesm-mNONEm-mDISC:mEthicalmResponsibilitiesm-mEthicalmResponsibilities
KEYWORDS: Blooms:mKnowledge

, 3. Them
was/weremenactedmtomrestoremconfidenceminmfinancialmreportingmandmbusinessmethicsmaftermthemaccounting
mscandalsmofmthemearlym2000s.
a. DefensemIndustrymInitiativemonmBusinessmEthicsmandmConduct
b. Sarbanes-OxleymAct
c. FederalmSentencingmGuidelinesmformOrganizations
d. ForeignmCorruptmPracticesmAct
e. Dodd-FrankmWallmStreetmReformmandmConsumermProtectionmAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.m13
LEARNINGmOBJECTIVES:m LO:m1-2m-mExaminemthemhistoricalmfoundationsmandmevolutionmofmbusinessmethics.
NATIONALm STANDARDS:m m UnitedmStatesm-mBUSPROG:m Ethics
STATEm STANDARDS: UnitedmStatesm-mNONEm-mDISC:mEthicalmResponsibilitiesm-mEthicalmResponsibilities
KEYWORDS: Blooms:mKnowledge

4. Themtermmbusinessm ethicsm ismbestmdescribedmbymthemfollowingm statement:
a. Itmismthemstudymandmphilosophymofmhumanmconduct,mwithmanmemphasismonmdeterminingmrightmandmwrong.
b. Itmismanm"inquirymintomthemnaturemandmgroundsmofmmoralitymwheremthemtermmmoralitymismtakenmtommeanmmor
almjudgments,mstandardsmandmrulesmofmconduct."
c. Itmismthem"studymofmthemgeneralmnaturemofmmoralsmandmofmspecificmmoralmchoices;mmoralmphilosophy;mandmthemrule
smormstandardsmgoverningmthemconductmofmthemmembersmofmamprofession."
d. Itmismanmorganization'smobligationmtommaximizemitsmpositivemeffectsmandmminimizemitsmnegativemeffectsmon
mstakeholders.


e. Itmcomprisesmthemprinciples,mvalues,mandmstandardsmthatmguidembehaviorminmthemworldmofmbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.m5
LEARNINGmOBJECTIVES:m LO:m1-1m-
mExploremconceptualizationsm ofmbusinessmethicsmfrommanmorganizationalmperspective.


NATIONALm STANDARDS:m m UnitedmStatesm-mBUSPROG:m Ethics
STATEm STANDARDS: UnitedmStatesm-mNONEm-mDISC:mEthicalmResponsibilitiesm-mEthicalmResponsibilities
KEYWORDS: Blooms:mKnowledge