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

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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 f f f




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. Principles are f




a. lawsand regulations that guide behavior in theworld ofbusiness.
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b. mores, values, andcustoms thatguidebehavior ingeneral.
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c. specific and pervasive boundaries forbehavior that are universal and absolute.
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d. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpacton
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stakeholders.
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e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 f




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics f f f f f f f




STATE STANDARDS: UnitedStates -NONE-DISC:Ethical Responsibilities -EthicalResponsibilities
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KEYWORDS: Blooms: Comprehension f




2. Socialresponsibility is
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a. anorganization's obligation to maximize its positive effects andminimize its negative effects on stakeholders.
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b. principles andstandards thatguide behavior intheworld ofbusiness.
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c. abusiness's responsibility nottopollute the environment.
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d. abusiness'sresponsibility tomanufacture productsthatfunctionproperly.
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e. charitable contributions madebyabusiness toenhance itsimage.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 f




LEARNING OBJECTIVES: LO: 1-4 -Gain insight into theextent ofethical misconduct inthe workplace and the pressures for
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unethical behavior. f f




NATIONAL STANDARDS: United States - BUSPROG: Ethics f f f f f f f




STATE STANDARDS: UnitedStates -NONE-DISC:Ethical Responsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge f

, 3. The f
was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals f f f f f f f f f f f f f f




of the early 2000s.
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a. Defense Industry Initiative onBusiness Ethics andConduct
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b. Sarbanes-Oxley Act f




c. Federal Sentencing Guidelines forOrganizations
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d. Foreign Corrupt Practices Act f f f




e. Dodd-Frank Wall Street Reform and Consumer Protection Act f f f f f f f




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 f




LEARNING OBJECTIVES: LO:1-2-Examine thehistorical foundations andevolution ofbusiness ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics f f f f f f f




STATE STANDARDS: UnitedStates -NONE-DISC:Ethical Responsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge f




4. The term business ethics is best described by the following statement:
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a. Itisthestudyandphilosophy ofhuman conduct, withanemphasis ondetermining rightandwrong.
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b. Itis an"inquiry into thenature and grounds ofmorality where theterm morality istaken to mean moral judgments,
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standards and rules of conduct."
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c. Itisthe"study ofthegeneral nature ofmorals and ofspecific moral choices; moral philosophy; and therules or standards
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governing the conduct of the members of a profession."
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d. Itisanorganization's obligationtomaximizeitspositiveeffectsandminimizeitsnegativeeffectson
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stakeholders.
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e. Itcomprises theprinciples, values, andstandards thatguidebehavior intheworld ofbusiness.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 f




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics f f f f f f f




STATE STANDARDS: UnitedStates -NONE-DISC:Ethical Responsibilities -EthicalResponsibilities
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KEYWORDS: Blooms:Knowledge f