TEST BANK
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
1. Principles are
a. laws and regulations that guide behavior in the world of business.
b. mores, values, and customs that guide behavior in general.
c. specific and pervasive boundaries for behavior that are universal and absolute.
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on
stakeholders.
e. the mores, values, and customs that parents teach their children.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Comprehension
2. Social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
b. principles and standards that guide behavior in the world of business.
c. a business's responsibility not to pollute the environment.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
pressures for unethical behavior.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
, 3. Thek
was/werekenactedktokrestorekconfidencekinkfinancialkreportingkandkbusinesskethicskafterkthekaccountingkscan
dalskofkthekearlyk2000s.
a. DefensekIndustrykInitiativekonkBusinesskEthicskandkConduct
b. Sarbanes-Oxleyk Act
c. FederalkSentencingkGuidelineskforkOrganizations
d. ForeignkCorruptkPracticesk Act
e. Dodd-Frankk WallkStreetkReformkandkConsumerkProtectionkAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.k13
LEARNINGkOBJECTIVES:k LO:k1-2k-kExaminekthekhistoricalkfoundationskandkevolutionkofkbusinesskethics.
NATIONALk STANDARDS:k k UnitedkStatesk-kBUSPROG:k Ethics
STATEk STANDARDS: UnitedkStatesk-kNONEk-kDISC:kEthicalkResponsibilitiesk -kEthicalkResponsibilities
KEYWORDS: Blooms:kKnowledge
4. Thektermk businessk ethicsk iskbestkdescribedkbykthekfollowingk statement:
a. Itkiskthekstudykandkphilosophykofkhumankconduct,kwithkankemphasiskonkdeterminingkrightkandkwrong.
b. Itkiskank"inquirykintoktheknaturekandkgroundskofkmoralitykwherekthektermkmoralitykisktakenktokmeankmoralkjudg
ments,kstandardskandkruleskofkconduct."
c. Itkiskthek"studykofkthekgeneralknaturekofkmoralskandkofkspecifickmoralkchoices;kmoralkphilosophy;kandkthekruleskorksta
ndardskgoverningkthekconductkofkthekmemberskofkakprofession."
d. Itkiskankorganization'skobligationktokmaximizekitskpositivekeffectskandkminimizekitsknegativekeffectskonkstake
holders.
e. Itkcompriseskthekprinciples,kvalues,kandkstandardskthatkguidekbehaviorkinkthekworldkofkbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.k5
LEARNINGkOBJECTIVES:k LO:k1-1k-kExplorekconceptualizationsk ofkbusinesskethicskfromkankorganizationalkperspective.
NATIONALk STANDARDS:k k UnitedkStatesk-kBUSPROG:k Ethics
STATEk STANDARDS: UnitedkStatesk-kNONEk-kDISC:kEthicalkResponsibilitiesk -kEthicalkResponsibilities
KEYWORDS: Blooms:kKnowledge
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
1. Principles are
a. laws and regulations that guide behavior in the world of business.
b. mores, values, and customs that guide behavior in general.
c. specific and pervasive boundaries for behavior that are universal and absolute.
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on
stakeholders.
e. the mores, values, and customs that parents teach their children.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Comprehension
2. Social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
b. principles and standards that guide behavior in the world of business.
c. a business's responsibility not to pollute the environment.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
pressures for unethical behavior.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
, 3. Thek
was/werekenactedktokrestorekconfidencekinkfinancialkreportingkandkbusinesskethicskafterkthekaccountingkscan
dalskofkthekearlyk2000s.
a. DefensekIndustrykInitiativekonkBusinesskEthicskandkConduct
b. Sarbanes-Oxleyk Act
c. FederalkSentencingkGuidelineskforkOrganizations
d. ForeignkCorruptkPracticesk Act
e. Dodd-Frankk WallkStreetkReformkandkConsumerkProtectionkAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.k13
LEARNINGkOBJECTIVES:k LO:k1-2k-kExaminekthekhistoricalkfoundationskandkevolutionkofkbusinesskethics.
NATIONALk STANDARDS:k k UnitedkStatesk-kBUSPROG:k Ethics
STATEk STANDARDS: UnitedkStatesk-kNONEk-kDISC:kEthicalkResponsibilitiesk -kEthicalkResponsibilities
KEYWORDS: Blooms:kKnowledge
4. Thektermk businessk ethicsk iskbestkdescribedkbykthekfollowingk statement:
a. Itkiskthekstudykandkphilosophykofkhumankconduct,kwithkankemphasiskonkdeterminingkrightkandkwrong.
b. Itkiskank"inquirykintoktheknaturekandkgroundskofkmoralitykwherekthektermkmoralitykisktakenktokmeankmoralkjudg
ments,kstandardskandkruleskofkconduct."
c. Itkiskthek"studykofkthekgeneralknaturekofkmoralskandkofkspecifickmoralkchoices;kmoralkphilosophy;kandkthekruleskorksta
ndardskgoverningkthekconductkofkthekmemberskofkakprofession."
d. Itkiskankorganization'skobligationktokmaximizekitskpositivekeffectskandkminimizekitsknegativekeffectskonkstake
holders.
e. Itkcompriseskthekprinciples,kvalues,kandkstandardskthatkguidekbehaviorkinkthekworldkofkbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.k5
LEARNINGkOBJECTIVES:k LO:k1-1k-kExplorekconceptualizationsk ofkbusinesskethicskfromkankorganizationalkperspective.
NATIONALk STANDARDS:k k UnitedkStatesk-kBUSPROG:k Ethics
STATEk STANDARDS: UnitedkStatesk-kNONEk-kDISC:kEthicalkResponsibilitiesk -kEthicalkResponsibilities
KEYWORDS: Blooms:kKnowledge
