SOLUTION MANUAL d
Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
d d d d d d d d
Chapters 1 - 43, Complete
d d d d d
1
website, in whole or in
d d d d
part.
d
,Chapter 1 d
Table of Contents d d
Purpose and Perspective of the Chapter ....................................................................................................... 2
d d d d d
Cengage Supplements ................................................................................................................................... 2
d
List of Student Downloads ........................................................................................................................ 2
d d d
Chapter Objectives ........................................................................................................................................ 2
d
Key Terms ...................................................................................................................................................... 2
d
What's New in This Chapter .......................................................................................................................... 3
d d d d
Chapter Outline ............................................................................................................................................. 4
d
Discussion Questions .................................................................................................................................... 8
d
Additional Resources .................................................................................................................................. 10
d
Cengage Video Resources ....................................................................................................................... 10
d d
Appendix ..................................................................................................................................................... 10
Generic Rubrics ....................................................................................................................................... 10
d
Standard Writing Rubric .......................................................................................................................... 10
d d
Standard Discussion Rubric ..................................................................................................................... 12
d d
2
website, in whole or in
d d d d
part.
d
,Purpose and Perspective of the Chapter d d d d d
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
d d d d d d d d d d d d d d d
presents issues involved to determining the ethical responsibilities of businesses and provides students
d d d d d d d d d d d d d
a framework for analyzing and making ethical decisions.
d d d d d d d d
Cengage Supplements d
The following product-level supplements provide additional information that may help you in
d d d d d d d d d d d
preparing your course. They are available in the Instructor Resource Center.
d d d d d d d d d d d
• PowerPoint Deck d
List of Student Downloads
d d d
Students should download the following items from the Student Companion Center to completethe
d d d d d d d d d d d d d
activities and assignments related to this chapter:
d d d d d d d
• PowerPoint Deck (without teaching notes, activities, or answers) d d d d d d d
Chapter Objectives d
The following objectives are addressed in this chapter:
d d d d d d d
1. Discuss how business can discourage unethical behavior d d d d d d
2. Explain the relationship between law and ethics d d d d d d
3. Compare duty-based ethics and utilitarian ethics d d d d d
4. Identify ethical problems in the global context d d d d d d
Key Terms d
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior in
d d d d d d d d d d d d d d d d
the world of business and the application of moral principles to situations that arisein a business
d d d d d d d d d d d d d d d d d
setting.
d
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethicalguideline
d d d d d d d d d d d d d
for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a person
d d d d d d d d d d d d d d d d d
should evaluate the action in terms of what would happen if everybody else in the same situation, or
d d d d d d d d d d d d d d d d d d
category, acted the same way.
d d d d d
corporate social responsibility (CSR): The concept that corporations can and should actethically
d d d d d d d d d d d d
and be accountable to society for their actions.
d d d d d d d d
cost-benefit analysis: A decision-making technique that involves weighing the costs of a givenaction
d d d d d d d d d d d d d
against the benefits of the action.
d d d d d d
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto others,
d d d d d d d d d d d d d d d d
including both humans and the planet. Those duties may be derived from religious principles or from
d d d d d d d d d d d d d d d d
other philosophical reasoning.
d d d
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor ethical
d d d d d d d d d d d d d d d d
standards to the particular situation at hand.
d d d d d d d
3
website, in whole or in d d d d
part.
d
, ethics: Moral principles and values applied to social behavior.
d d d d d d d d
moral minimum: The minimum degree of ethical behavior expected of a business firm, which isusually
d d d d d d d d d d d d d d d
defined as compliance with the law.
d d d d d d
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision onsociety or
d d d d d d d d d d d d d d d
on key stakeholders.
d d d
outsourcing: The practice by which a company hires an outside firm or individual to performwork
d d d d d d d d d d d d d d d
rather than hiring employees.
d d d d
principle of rights: The principle that human beings have certain fundamental rights (to life,freedom,
d d d d d d d d d d d d d d
and the pursuit of happiness, for example). A key factor in determining whether a business decision
d d d d d d d d d d d d d d d d
is ethical under this theory is how that decision affects the rights of others,such as employees,
d d d d d d d d d d d d d d d d d
consumers, suppliers, and the community.
d d d d d
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate
d d d d d d d d d d d
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
d d d d d d d d d d d
which the corporation operates.
d d d d
triple bottom line: The idea that investors and others should consider not only corporate
d d d d d d d d d d d d d
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
d d d d d d d d d d d d d d d d d
line is people, planet, and profits.)
d d d d d d
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan
d d d d d d d d d d d d d d
evaluation of the consequences of a given action on those who will be affected by it. In
d d d d d d d d d d d d d d d d d
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number of
d d d d d d d d d d d d d d d d d
people affected by the decision.
d d d d d
[return to top] d d
What's New in This Chapter d d d d
The following elements are improvements in this chapter from the previous edition:
d d d d d d d d d d d
• New chapter title and chapter-opening introduction scenario discussing recent
d d d d d d d d
technology scandal involving finger-prick blood test kits
d d d d d d d
• New chapter organization and subheads throughout (including new headings for
d d d d d d d d d
―outsourcing‖ and ―corruption‖) d d
• New section on Making Ethical Business Decisions and new materials on Systematic
d d d d d d d d d d d
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics,
d d d d d d d d d d d d d d d d
including in all of the new ―A Question of Ethics‖ problems in the remaining chapters.
d d d d d d d d d d d d d d d
o New ―Application of the IDDR Approach‖ subsection with step-by-step discussionand d d d d d d d d d d
sample scenario. d d
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample d d d d d d d d d d d
Dilemma (for new IDDR Approach) d d d d d
o 1 New Term & Concept d d d d
• outsourcing
• 1 New Ethics Today feature—
d d d d
4
website, in whole or in d d d d
part.
d
Business Law: Text & Exercises (MindTap Course List)
d d d d d d d
10th Edition by Roger LeRoy Miller, William E. Hollowell
d d d d d d d d
Chapters 1 - 43, Complete
d d d d d
1
website, in whole or in
d d d d
part.
d
,Chapter 1 d
Table of Contents d d
Purpose and Perspective of the Chapter ....................................................................................................... 2
d d d d d
Cengage Supplements ................................................................................................................................... 2
d
List of Student Downloads ........................................................................................................................ 2
d d d
Chapter Objectives ........................................................................................................................................ 2
d
Key Terms ...................................................................................................................................................... 2
d
What's New in This Chapter .......................................................................................................................... 3
d d d d
Chapter Outline ............................................................................................................................................. 4
d
Discussion Questions .................................................................................................................................... 8
d
Additional Resources .................................................................................................................................. 10
d
Cengage Video Resources ....................................................................................................................... 10
d d
Appendix ..................................................................................................................................................... 10
Generic Rubrics ....................................................................................................................................... 10
d
Standard Writing Rubric .......................................................................................................................... 10
d d
Standard Discussion Rubric ..................................................................................................................... 12
d d
2
website, in whole or in
d d d d
part.
d
,Purpose and Perspective of the Chapter d d d d d
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
d d d d d d d d d d d d d d d
presents issues involved to determining the ethical responsibilities of businesses and provides students
d d d d d d d d d d d d d
a framework for analyzing and making ethical decisions.
d d d d d d d d
Cengage Supplements d
The following product-level supplements provide additional information that may help you in
d d d d d d d d d d d
preparing your course. They are available in the Instructor Resource Center.
d d d d d d d d d d d
• PowerPoint Deck d
List of Student Downloads
d d d
Students should download the following items from the Student Companion Center to completethe
d d d d d d d d d d d d d
activities and assignments related to this chapter:
d d d d d d d
• PowerPoint Deck (without teaching notes, activities, or answers) d d d d d d d
Chapter Objectives d
The following objectives are addressed in this chapter:
d d d d d d d
1. Discuss how business can discourage unethical behavior d d d d d d
2. Explain the relationship between law and ethics d d d d d d
3. Compare duty-based ethics and utilitarian ethics d d d d d
4. Identify ethical problems in the global context d d d d d d
Key Terms d
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong behavior in
d d d d d d d d d d d d d d d d
the world of business and the application of moral principles to situations that arisein a business
d d d d d d d d d d d d d d d d d
setting.
d
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethicalguideline
d d d d d d d d d d d d d
for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a person
d d d d d d d d d d d d d d d d d
should evaluate the action in terms of what would happen if everybody else in the same situation, or
d d d d d d d d d d d d d d d d d d
category, acted the same way.
d d d d d
corporate social responsibility (CSR): The concept that corporations can and should actethically
d d d d d d d d d d d d
and be accountable to society for their actions.
d d d d d d d d
cost-benefit analysis: A decision-making technique that involves weighing the costs of a givenaction
d d d d d d d d d d d d d
against the benefits of the action.
d d d d d d
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto others,
d d d d d d d d d d d d d d d d
including both humans and the planet. Those duties may be derived from religious principles or from
d d d d d d d d d d d d d d d d
other philosophical reasoning.
d d d
ethical reasoning: A reasoning process in which an individual links his or her moral convictionsor ethical
d d d d d d d d d d d d d d d d
standards to the particular situation at hand.
d d d d d d d
3
website, in whole or in d d d d
part.
d
, ethics: Moral principles and values applied to social behavior.
d d d d d d d d
moral minimum: The minimum degree of ethical behavior expected of a business firm, which isusually
d d d d d d d d d d d d d d d
defined as compliance with the law.
d d d d d d
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision onsociety or
d d d d d d d d d d d d d d d
on key stakeholders.
d d d
outsourcing: The practice by which a company hires an outside firm or individual to performwork
d d d d d d d d d d d d d d d
rather than hiring employees.
d d d d
principle of rights: The principle that human beings have certain fundamental rights (to life,freedom,
d d d d d d d d d d d d d d
and the pursuit of happiness, for example). A key factor in determining whether a business decision
d d d d d d d d d d d d d d d d
is ethical under this theory is how that decision affects the rights of others,such as employees,
d d d d d d d d d d d d d d d d d
consumers, suppliers, and the community.
d d d d d
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate
d d d d d d d d d d d
decisions. Stakeholders include employees, customers, creditors, suppliers, and the communityin
d d d d d d d d d d d
which the corporation operates.
d d d d
triple bottom line: The idea that investors and others should consider not only corporate
d d d d d d d d d d d d d
profits, but also the corporation’s impact on people and on the planet in assessing the firm. (Thebottom
d d d d d d d d d d d d d d d d d
line is people, planet, and profits.)
d d d d d d
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related toan
d d d d d d d d d d d d d d
evaluation of the consequences of a given action on those who will be affected by it. In
d d d d d d d d d d d d d d d d d
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest number of
d d d d d d d d d d d d d d d d d
people affected by the decision.
d d d d d
[return to top] d d
What's New in This Chapter d d d d
The following elements are improvements in this chapter from the previous edition:
d d d d d d d d d d d
• New chapter title and chapter-opening introduction scenario discussing recent
d d d d d d d d
technology scandal involving finger-prick blood test kits
d d d d d d d
• New chapter organization and subheads throughout (including new headings for
d d d d d d d d d
―outsourcing‖ and ―corruption‖) d d
• New section on Making Ethical Business Decisions and new materials on Systematic
d d d d d d d d d d d
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze ethics,
d d d d d d d d d d d d d d d d
including in all of the new ―A Question of Ethics‖ problems in the remaining chapters.
d d d d d d d d d d d d d d d
o New ―Application of the IDDR Approach‖ subsection with step-by-step discussionand d d d d d d d d d d
sample scenario. d d
• 1 New Exhibit 3–1: An Analysis of Ethical Approaches to the Sample d d d d d d d d d d d
Dilemma (for new IDDR Approach) d d d d d
o 1 New Term & Concept d d d d
• outsourcing
• 1 New Ethics Today feature—
d d d d
4
website, in whole or in d d d d
part.
d
