SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
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, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter ................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads....................................................................................................................................... 2
Chapter Objectives .......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter......................................................................................................................................... 3
Chapter Outline ................................................................................................................................................................ 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources.................................................................................................................................................... 10
Cengage Video Resources ..................................................................................................................................... 10
Appendix........................................................................................................................................................................... 10
Generic Rubrics .......................................................................................................................................................... 10
Standard Writing Rubric ......................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................... 12
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, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework fordanalyzing and making ethical decisions.
Cengage Supplements
The following product-
level supplements provide additional information that may help you inpreparing your course.
They are available in the InstructordResource Center.
PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
PowerPoint Deckd(without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus ofdwhat constitutes right or wrong be
havior in the world of business and the application of moral principles to situations that arisein
a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesir
able, a person should evaluate the action in terms ofdwhat would happen ifdeverybody else in t
he same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society fordtheirdactions.
cost-benefit analysis: Addecision-
making technique that involves weighing the costs of a givenaction against the benefits of the a
ction.
duty-
based ethics: An ethical philosophydrooted in the idea that every person has certain dutiesto oth
ers, including both humans and the planet. Those duties may be derived from religious principle
s or from other philosophical reasoning.
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, Business Law: Text & Exercises (MindTap Course List)
ethical reasoning: A reasoning process in which an individual links his or herdmoral convictions
or ethical standards to the particular situation at hand.
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