Test bank :Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12

TESTBANK !|




Business Ethics EthicalDecisionMaking andCases, 13th Edition By
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O.C.Ferrell,JohnFraedrich,All Chapters 1- 12
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,TABLE OF CONTENTS |! |! |!




Part 1: An Overview of Business Ethics 1:
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|! 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 4:
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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 Part
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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. 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. The was/were |!enacted |!to |!restore |!confidence |!in |!financial |!reporting |!and |!business |!ethics |!after |!the
accounting |!scandals |!of |!the |!early |!2000s.
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a. Defense |!Industry |!Initiative |!on |!Business |!Ethics |!and |!Conduct
b. Sarbanes-Oxley |! Act
c. Federal |!Sentencing |!Guidelines |!for |!Organizations
d. Foreign |!Corrupt |!Practices |!Act
e. Dodd-Frank |!Wall |!Street |!Reform |!and |!Consumer |!Protection |!Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. |!13
LEARNING |! OBJECTIVES: | ! LO: |!1-2 |!- |!Examine |!the |!historical |!foundations |!and |!evolution |!of |!business |!ethics.
NATIONAL | ! STANDARDS: | ! | ! United | ! States | ! - |!BUSPROG: | ! Ethics
STATE | ! STANDARDS: United |!States |!-|!NONE |!-|!DISC: |!Ethical |!Responsibilities |! -|!Ethical |!Responsibilities
KEYWORDS: Blooms: |!Knowledge

4. The |!term |! business | ! ethics | ! is |!best |!described |! by |!the |!following |! statement:
a. It |!is |!the |!study |!and |!philosophy |!of |!human |!conduct, |!with |!an |!emphasis |!on |!determining |!right |!and |!wrong.
b. It |!is |!an |!"inquiry |!into |!the |!nature |!and |!grounds |!of |!morality |!where |!the |!term |!morality |!is |!taken |!to |!mean |!moral
|!judgments, |!standards |!and |!rules |!of |!conduct."


c. It |!is |!the |!"study |!of |!the |!general |!nature |!of |!morals |!and |!of |!specific |!moral |!choices; |!moral |!philosophy; |!and |!the |!rules
|!or |!standards |!governing |!the |!conduct |!of |!the |!members |!of |!a |!profession."


d. It |!is |!an |!organization's |!obligation |!to |!maximize |!its |!positive |!effects |!and |!minimize |!its |!negative |!effects |!on
|!stakeholders.


e. It |!comprises |!the |!principles, |!values, |!and |!standards |!that |!guide |!behavior |!in |!the |!world |!of |!business.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
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: |!Knowledge